Workhorse Pickup Gets Fleet Support

By Claiborne Booker This week Workhorse Group announced it had lassoed some utilities for its four-wheel-drive truck.
At least three electric utilities — Duke Energy, Portland General Electric and Southern California Public Power Authority — among others have signed a letter of intent for what would likely lead to fleet commitments of 2,150 pickups when available. This suggests a potential $113 million in revenue at Workhorse’s MSRP of $52,500. While far short of what Tesla has garnered for its Model 3, the commitments give Workhorse enough of an indication of interest to begin further plans for its pickup.
Workhorse is still developing the truck, known

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