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NJ boosts gasoline tax 22.5% to $0.507/gallon effective 1 October, diesel to $0.577

Green Car Congress

Under the 2016 law (Chapter 57) signed by Governor Christie, New Jersey’s TTF program is required to provide $16 billion over eight years to support critical infrastructure improvements to the state’s roadways and bridges. The law enacted in 2016 contains a specific formula to ensure that revenue is meeting a certain target.

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ClearFlame’s genset technology progresses through phase one trials

Green Car Congress

ClearFlame’s solution elevates combustion temperatures in order to enable use of non-traditional fuels that fail to ignite using conventional diesel-style MCCI (mixing-controlled compression ignition) without sacrificing performance. In addition to a series of other tests, the genset completed a successful 24-hour continuous power test.

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FCA US reaches settlements on diesel emissions at estimated cost of $800M

Green Car Congress

FCA US has reached final settlements on civil, environmental and consumer claims with US federal and state agencies as well as private class actions to resolve differences over diesel emissions requirements. The estimated total cost of settlements is $0.8 billion, in line with financial charge taken for this purpose in third-quarter, 2018.

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President’s 2016 Budget requests $29.9B for DOE; 9% boost over FY 2015 enacted; $793M (2.7%) for sustainable transportation

Green Car Congress

President Barack Obama’s 2016 Budget requests $29.9 The FY 2016 DOE Budget Request represents a 9% increase ($2.5 billion, the FY 2016 Budget requests $4.8 billion, the FY 2016 Budget Request provides $5.34 billion for the US Department of Energy (DOE). billion) above the FY 2015 enacted level. Within the $10.7

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Rise of Indian used car market; set to exceed 10 mn units by FY28 – ET Auto

Baua Electric

Right now, diesel cars in the market are actually having higher resale value, because the supply is getting lesser in the used cars. Gupta recalled that in 2016-17, the penetration of finance was hardly 7%. Mahindra FirstChoice enables used car sales through inspections before it goes for financing.

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Volkswagen Group to invest more than €62 billion up to 2016; largest-yet investment package for new models, advanced technologies and production facilities

Green Car Congress

The ratio of capital expenditure to sales revenue will be at a competitive level of around 6% on average in the period from 2012 to 2016. billion) in new production facilities and products in the period from 2012 to 2016. These investments will be financed using the joint ventures’ own funds. billion (US$68.7

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London adds 300th hybrid bus introduced to fleet

Green Car Congress

This grant was initially set to finance 70 buses, but Transport for London has managed, through good negotiation and increased market confidence in hybrid buses, to increase this order so that, in total, more than 400 of these less polluting vehicles will be in service by next year. million) funding from the Department for Transport.

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