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GE Capital to provide financing for electric motorcycle maker Brammo

Green Car Congress

GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. CDF already provides inventory financing for other brands of alternative fuel and hybrid motorsports products.

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DOE to fund development of processes to aggregate purchases of alt-fuel and advanced vehicles; goal is cost reduction and accelerated adoption

Green Car Congress

DOE plans ( DE-FOA-0001236 ) to issue in the February 2015 timeframe a funding opportunity (DE-FOA-0001237) to develop and to implement effective purchasing/procurement processes designed to coordinate and consolidate bulk alternative fuel vehicle and advanced vehicle orders and thus reduce the per-unit prices of commercially-available vehicles.

Purchase 199
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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. This decision set crude prices on a downward path.

Russia 150
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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

The central government’s plan, posted on its website, is targeting the production of 500,000 plug-in hybrid and electric vehicles by 2015, with output to grow to 2 million units of those types by 2020. Under the plan, by 2015 average passenger car fuel consumption is targeted to drop to 6.9 L/100km (40 mpg US) or less.

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Navigant Research projects global market for plug-in charging equipment to grow to 4.3M units and $5.8B in revenue in 2022

Green Car Congress

The market for plug-in electric vehicles (PEVs) has expanded in recent years in parallel with the deployment of publicly accessible charging stations, mainly funded by government programs. Residential EVSE sales are directly driven by the increase in PEV sales, as many drivers purchase a charger for exclusive use at home.

Plug-in 225
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GM 5-year growth strategy for China; 10 New Energy Vehicles in the coming mix

Green Car Congress

Continued strong demand by customers generated record vehicle deliveries, which helped China remain GM’s largest market. GM expects China’s vehicle market to increase by 5 million units or more by 2020, representing growth of about 3-5% annually. Its SAIC-GMAC joint venture is the largest dedicated automotive finance company in China.

GM 150
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BioAmber signs bio-BDO 15-year off-take contract with Vinmar for planned 100,000 ton plant

Green Car Congress

Under the terms of the 15-year master off-take agreement, Vinmar has committed to purchase 100% of the BDO produced in a 100,000-ton-per-year capacity plant that BioAmber plans to build in North America and commission in 2017. The current size of the global BDO market is approximately $4 billion.

Houston 210