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Center for Automotive Research calls long-run economic risk to auto industry of mandating permanent fuel economy standards very serious; recommends periodic reviews

Green Car Congress

Based on the results of the study, CAR believes the economic risk to the auto industry connected to mandating permanent fuel economy standards in the long run is “ very serious ” The group recommends periodic review to assess the rate of technology development and cost reduction of advanced technologies leading up to 2025.

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Tesla replays DOE loan nine years early

Green Car Congress

This program was signed into law by President Bush in 2008 and then awarded under the Obama administration in the years that followed. Elon Musk, Tesla’s Chief Executive Officer and cofounder, purchased $100 million of common equity, the least secure portion of the offering.

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Canadian Study Concludes Rebates to Hybrid Buyers Not Cost-Effective for Reducing Carbon Emissions

Green Car Congress

So for the majority, rebates are not changing behavior—they are subsidizing planned purchases. Chandra says that governments could garner greater environmental benefits by purchasing carbon offsets (currently priced between $3 and $40 per tonne on carbon markets) or investing in green jobs and technologies. Ambarish Chandra.

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Ener1 Outlines Automotive Programs Underway for Li-ion Packs

Green Car Congress

As part of its report on fourth quarter and year-end 2008 results, Ener1 outlined its EnerDel unit’s customer programs underway for its lithium-ion battery technology in applications spanning hybrids, plug-in hybrids (PHEVs) and full electric vehicles. Overall, Ener1 reported 2008 revenues of $6.8 Ener1 purchased $21.3

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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

Green Car Congress

Fitch expects light vehicle sales in the US to total 13.2 This growth will be driven largely by modestly improving economic conditions and pent-up demand pressure, with the latter resulting from consumers putting off car purchases over the past several years. that have pressured vehicle sales over the past three years.

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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

As required by the loan agreements signed in December 2008, GM and Chrysler submitted their updated restructuring plans showing a pathway to achieve financial viability to Congress on Tuesday. The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6

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Lessons From Norway’s Journey To Becoming The Global Leader In EV Adoption

Wallbox

Norway leads electric vehicle (EV) adoption, boasting the highest share of new EV purchases worldwide. In the last five months, zero-emission vehicles have made up over 50% of its overall car sales , up from 31.2% in 2018 and 42.4% Investing in Infrastructure. However, Norway’s EV market share is still growing. What Are the Takeaways?

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