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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. EV Life, a car site dedicated exclusively to electric vehicles, announced that it was 1 of 28 companies to win a CalSEED grant from the California Energy Commission (CEC). Scott, Vice-Chair of the CEC.

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Porsche increases stake in electric sports car company Rimac to 15.5%

Green Car Congress

The Croatian company develops and produces electromobility components and also produces electrically powered super sports cars in-house. Porsche initiated a development partnership with Rimac against the back-drop of its electric mobility campaign. We have many collaborative ideas that we aim to bring to life in the future.

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Ford slashes EV prices in Australia by up to AUD$15k

Teslarati

Ford recently slashed its electric vehicle (EV) prices in Australia by up to AUD$15,000 for some units. Ford entered Australia’s EV market late last year with the all-electric Mustang Mach-E SUV and the E-Transit van. The car manufacturer reduced the price of its all-electric van by $15,000.

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Volkswagen commissions fast-charging park with 570 kWh of second-life MEB cell modules

Green Car Congress

The PSC is an electricity storage unit and consists of 96 cell modules with a net capacity of 570 kWh. Reusing batteries is important for the future and it’s closely linked to the acceleration in the trend toward electric mobility. —Karen Kutzner, managing director for finance and controlling at Volkswagen Sachsen.

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Electric Vehicles Save Owners Up To $12,000 Over Life of Vehicle

Plug in America

They found all six EVs offer savings in the very first year of ownership when financed. EVs Can Save Up To $12,000 Over Their Lifetime The study considers various factors such as fuel costs, maintenance and repair expenses, purchase price, federal tax credits, financing options, and resale value.

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Porsche takes 10% stake in the electric technology and sports car company Rimac; development partnership

Green Car Congress

Porsche AG has taken a 10% stake in the technology and electric sports car company Rimac Automobili. Rimac develops and produces electric vehicle components and manufactures electric super sports cars. Rimac recently presented the latest version of its electric hypercar, the “C Two”, at the Geneva Motor Show in March 2018.

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Germany approves €900M for green hydrogen project H2Global

Green Car Congress

The core idea of H2Global is a double-auction model: Hydrogen or hydrogen derivatives are purchased in non-EU countries at the lowest possible price with 10-year contracts via a competitive process. —Robert Habeck, Federal Minister of Economic Affairs and Climate Protection.

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