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PHEV conversion company Echo Automotive completes $3M financing, joins CALSTART

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a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. Echo Automotive, Inc.,

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California ARB approves ACC II rule; 100% of LDVs to be PHEVS, ZEV by 2035; LEV IV emissions requirements

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The rule establishes a year-by-year roadmap so that by 2035 100% of new cars and light trucks sold in California will be zero-emission vehicles (ZEVs) and plug-in hybrid electric vehicles (PHEVs). Sales of new ZEVs and PHEVs will start with 35% that year, build to 68% in 2030, and reach 100% in 2035.

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Argonne study finds BEVs can have lowest scheduled maintenance costs, but highest cost of driving

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The study considers five different powertrains (internal combustion engine, hybrid-electric, plug-in hybrid-electric, fuel-cell-electric, and battery-electric) and 12 cost components (purchase cost, depreciation, financing, fuel, insurance, maintenance, repair, taxes, registration fees, tolls and parking, payload capacity and labor).

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XL to launch plug-in hybrid electric Ford F-250 pickup at NTEA Work Truck Show

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The F-250 PHEV represents a continued expansion of the company’s successful plug-in hybrid electric (PHEV) product family, which also includes the PHEV Ford F-150 that the company began shipping in 2018 to municipal and utility fleets including CPS Energy, Tacoma Public Utility, City of Palo Alto, and others. Earlier post.).

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

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Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). BNEF suggested that only in Japan will PHEVs continue to play an important role after 2030.

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PSA Group outlines electrification solutions for future hybrid and electric vehicles; 4 EVs, 7 PHEVs by 2021

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The all-electric e-CMP format ( earlier post ) co-financed by PSA Group and DFM will allow the two parties to offer a new generation of spacious, multi-purpose electric vehicles with a driving range of up to 450 km (280 miles) and ultra-fast charging solutions providing up to 12 km of driving per minute of charging.

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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

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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 would be battery-electric vehicles (about 1.8%

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