Purolator Doubles EV Fleet with 100-Vehicle Workhorse Order
Workhorse Group (NASDAQ: WKHS) announced on March 30, 2026, that it secured a purchase order for 100 all-electric step vans from Purolator, a leading Canadian logistics company. The new order will double the number of Workhorse vehicles in Purolator's fleet, reinforcing the logistics provider's commitment to electrifying its last-mile delivery operations. This deal builds upon Purolator's prior vehicle purchases from Motiv Electric Trucks, which merged with Workhorse in late 2025, solidifying Workhorse's position as a key supplier in the commercial EV market.
New $169,000 Van Aligns With Fleet Cost-Cutting Demands
The Purolator order serves as immediate market validation for Workhorse's updated product strategy. On March 25, the company unveiled a new W56 step van model featuring a 140 kWh battery at a starting price of $169,000. This more affordable configuration offers a 100-mile range, which Workhorse states is sufficient for many last-mile delivery routes. The move directly addresses customer feedback for a lower entry price to help justify the transition from diesel, particularly as recent oil price volatility has pushed fuel costs higher for fleet operators.
Investors Await March 31 Earnings for Updated Outlook
The timing of the announcement provides a significant tailwind for Workhorse heading into its financial disclosures. The company is scheduled to host its fourth-quarter and fiscal year 2025 earnings call on March 31, 2026, at 16:30 UTC-5. This major order from Purolator creates a bullish backdrop for the report, and investors will now be focused on management's updated guidance to see how this deal and the new, lower-cost product lineup will be factored into future revenue and production forecasts.
