LISLE, IL – APRIL 17: The Navistar company logo hangs above the company’s corporate headquarters on April 17, 2018 in Lisle, Illinois. (Photo by …

LISLE, IL – APRIL 17: The Navistar company logo hangs above the company’s corporate headquarters on April 17, 2018 in Lisle, Illinois. (Photo by Scott Olson/Getty Images)

Wintrust Business Lunch

Wintrust Business Minute: Navistar expects big increase in electric truck and bus sales in 2023

by: Michael Piff

Posted: Apr 13, 2023 / 01:28 PM CDT

Updated: Apr 13, 2023 / 01:28 PM CDT

LISLE, IL – APRIL 17: The Navistar company logo hangs above the company’s corporate headquarters on April 17, 2018 in Lisle, Illinois. (Photo by …

LISLE, IL – APRIL 17: The Navistar company logo hangs above the company’s corporate headquarters on April 17, 2018 in Lisle, Illinois. (Photo by Scott Olson/Getty Images)

by: Michael Piff

Posted: Apr 13, 2023 / 01:28 PM CDT

Updated: Apr 13, 2023 / 01:28 PM CDT

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Lisle-based Navistar expects a big increase in the sales of electric trucks and buses this year. The company’s CEO tells Crain’s, Navistar expects a tenfold increase in sales with delivery of 2,000 EVs in 2023. It previously announced plans for half of its sales to be zero emission by 2030 and complete EV conversion by 2040. Navistar currently has 200 electric trucks and buses on the road. The company says it’s also looking for a new partner for its driverless technology.

Also, a University of Chicago economics professor says Chicago will be lucky not to lose money on the 2024 Democratic National Convention. Listen for more below: