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Porsche spent €2.2B on R&D in 2016; PHEVs, Mission E BEV, digitalization

Green Car Congress

In FY 2016, Porsche spent €2.2 billion) on R&D to prepare for mobility of the future with an emphasis on plug-in hybrid vehicles; the battery-electric Mission E vehicle; and overall digital transformation. —Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT.

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Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016

Green Car Congress

The City of Indianapolis will upgrade 425 non-police-pursuit sedans in its muncipal fleet to plug-in hybrid and battery electric vehicles by early 2016, cut the size of the fleet by 100 vehicles, and save $8.7 The City will replace 100 vehicles by the end of this year and 425 vehicles by the beginning of 2016. million over ten years.

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Rio Tinto launches START: the first sustainability label for aluminum using blockchain technology

Green Car Congress

It aims to empower end-users to make informed choices about the products they buy, enabling them to contribute to a sustainable future, and to differentiate between end products based on their environmental, social and governance credentials. In 2016, Rio Tinto launched RenewAl, the world’s first certified low-CO 2 primary aluminum brand.

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True Zero H2 network fuels more than 3.7M miles in California in 2016

Green Car Congress

Fuel from True Zero ’s hydrogen-fueling stations during 2016 powered more than 3.7 The number of fuel cell cars on California roads increased during 2016 and is expected to more than quadruple during 2017. The company also obtained financing from Toyota and Honda to help accelerate and grow its California hydrogen network.

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Edmunds.com: number of leased vehicles reaches all-time high in first half of 2016

Green Car Congress

More new vehicles in the US were leased in the first half of 2016 than during the first half of any other year in history, according to the latest Lease Market Report from Edmunds.com, the leading car shopping and information network. On average, monthly lease payments are 23% lower than monthly financing payments.

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Joby Aviation secures $100M in Series B for electric VTOL; Intel, EDBI, JetBlue and Toyota

Green Car Congress

Venture-backed startup Joby Aviation has secured $100 million in Series B financing to take its all-electric vertical take-off and landing (eVTOL) passenger aircraft into pre-production and certification. We envision a future where commuting by eVTOL is a safer, faster, and cost-competitive alternative to ground transportation.

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Group14 raises $400M in Series C; Porsche leads with $100M

Green Car Congress

Despite all global challenges, we are driving forward on our future projects consistently including digitalization and electrification. —Lutz Meschke, deputy chairman and member of the executive board of Finance and IT at Porsche AG. The battery cells are the combustion chamber of the future.

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