Moreover, the company will be launching the Hypertruck Electric Range Extender (ERX). The technology significantly improves a truck’s fuel efficiency. Hyliion essentially provides a hybrid solution for Class 8 trucks that involves electric powertrains. With its current technology, it offers existing truck owners a cheaper option compared to Tesla (NASDAQ: TSLA) and Nikola (NASDAQ: NKLA). Hyliion Holdings generally focuses on Class 8 trucks, but it also plans to be a disruptor in the electric pickup business. As companies expand their electric pickup truck options, these seven EV stocks could benefit from a subsequent boom: These include well-known EV and automobile manufacturers as well as new startups focused on the electric pickup truck niche. Several EV companies have thrown their hats into the proverbial electric pickup truck ring. As truck buyers consider making the switch to EVs, performance and long-term cost savings will prove critical to the success of electric pickup trucks. Pickup trucks are an integral part of “American living” for some and automakers cannot risk alienating these customers. SUVs and trucks are popular, and offering electric versions of them is key to combating climate change in countries such as the U.S. As they move into this new market, expect EV stocks to soar.

But several EV giants, along with traditional automakers, are turning their attention toward heavy- and light-duty electric pickup trucks. EV makers generally offer sedans, station wagons, sports cars and similar car body styles. The electric vehicle (EV) market is heating up again as companies expand their electrified options.

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