article thumbnail

Bloomberg New Energy Finance forecasts plug-in electric vehicles could account for up to 9% of US auto sales in 2020 and 22% in 2030

Green Car Congress

Plug-in electric vehicles, including plug-in hybrids and battery electric vehicles, have the potential to make up 9% of US auto sales in 2020 and 22% in 2030 (1.6 million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). million units in 2020, or some 7.3%

Financing 283
article thumbnail

EV Life is awarded CalSEED grant from the California Energy Commission to make financing electric cars cheaper than gas vehicles.

EV Life

The grant will fund the development of a fintech platform to empower EV buyers to save up to $200/month on electric vehicle loans. Folsom, California, 15 October 2020. EV Life was founded in 2019 with a mission to accelerate the adoption of electric vehicles.

article thumbnail

EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. of around 16% of GDP to as much as 20% by 2020. —“CARS 2020”.

article thumbnail

Gevo options SD site for expansion project; 45M gallons per year renewable jet fuel and gasoline

Green Car Congress

has optioned the right to purchase approximately 239 acres of land near Lake Preston, SD, and has met the initial milestone to secure control of a site by the end of this year that meets the conditions required by the contract that Trafigura Trading LLC and Gevo executed in August 2020. Bio-isobutanol producer Gevo, Inc. Earlier post.).

Renewable 170
article thumbnail

SEAT launches all-new Leon; gasoline, diesel, CNG, mild-hybrid, plug-in hybrid; €1.1B investment

Green Car Congress

The new-generation compact car benefits from gasoline (TSI); diesel (TDI); compressed natural gas (TGI); mild-hybrid (eTSI) and plug-in hybrid (eHybrid) units. The new Leon’s offer of standard gasoline engines are all direct-injection, turbocharged units and provide power outputs between 66kW/90PS and 140kW/190PS. Plug-in hybrids.

Plug-in 243
article thumbnail

Study: EVs cannot succeed without developing parallel supercharging networks

Green Car Congress

Electric vehicles cannot succeed without developing a nationwide network of fast-charging networks in parallel with the cars. Other automakers are collectively investing $200 billion in their new electric models. General Motors, the researchers said, spent $1 billion developing its first electric car, and another $1.2

Davis 334
article thumbnail

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09