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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

Additionally, both manufacturers recently announced significant price cuts on both models. With incentives, the total cost of ownership of a new Bolt is now just $26,200, down $6,600 from December of last year. Likewise, the Bolt EUV has seen its total cost of ownership fall to $30,900. Consumers responded immediately with a 3.4

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LA-based SMLC to lead new DOE Smart Manufacturing Innovation Institute; ~$800M for 5 new hub competitions

Green Car Congress

At an event in Washington, President Obama announced that the Smart Manufacturing Leadership Coalition (SMLC) will lead the new Smart Manufacturing Innovation Institute, in partnership with the Department of Energy. The Smart Manufacturing Innovation Institute is the ninth manufacturing hub awarded by the Obama Administration.

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DOE awarding more than $50M to 15 projects to advance critical material innovations

Green Car Congress

Critical materials are used in many products important to the US economy and energy technologies, such as rare-earth elements used to manufacture high-strength magnets for offshore wind-turbine generators and lithium and cobalt in lithium-ion batteries for electric vehicles.

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15 States and the District of Columbia partner to accelerate bus and truck electrification; 100% ZEV by 2050

Green Car Congress

States signing the MOU are: California, Connecticut, Colorado, Hawaii, Maine, Maryland, Massachusetts, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, Vermont, and Washington.

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DOE to award more than $7M to four projects to advance hydrogen storage

Green Car Congress

The US Department of Energy is awarding more than $7 million to fund four 3-year projects in California, Washington and Oregon to advance hydrogen storage technologies to be used in fuel-cell-electric vehicles. The selected organizations will provide close to $2 million in cost share. University of Oregon, up to $2.0

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Pacific states and BC agree to align GHG and clean energy policies; targeting 10% new vehicle ZEV purchases by 2016

Green Car Congress

The Governors of California, Oregon and Washington and the Premier of British Columbia signed a regional agreement strategically to align policies to reduce greenhouse gases and promote clean energy. Oregon will build on existing programs to set a price on carbon emissions.

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Much-loved EV startup Arcimoto warns of bankruptcy, idles factory

Teslarati

The company also noted that it had idled its factory in Eugene, Oregon because it was almost out of funding. The design, manufacture, sale, and servicing of vehicles is a capital-intensive business. In its filing, Arcimoto noted that it is looking to sell 4,000,000 shares of common stock at just $3 each.

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