Here's why transportation leaders including Daimler and Volkswagen are pouring billions into R&D for electric trucks (UPS, DMLRY, BUD, OTC, TSLA, FDX, VWAPY, PEP)

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Trucking, which can be perceived as the lifeblood of global economies, has experienced healthy growth in recent years due in part to surging e-commerce shipments. In the US alone, trucking accounted for over $700 billion in revenue, representing a 3.5% increase year-over-year (YoY).

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See Also:

• Intel is staying focused on its AV push as Mobileye revenue grows
• Elon Musk teased an insurance foray during Tesla's earnings
• Why Tesla won’t hit its AV ride-hailing goals

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