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Porsche spent €2.2B on R&D in 2016; PHEVs, Mission E BEV, digitalization

Green Car Congress

In FY 2016, Porsche spent €2.2 —Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT. In 2016, the company founded Porsche Digital GmbH in Ludwigsburg and the Digital Lab in Berlin. FY 2016 was the company’s most successful. billion (US$2.4

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Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016

Green Car Congress

The City of Indianapolis will upgrade 425 non-police-pursuit sedans in its muncipal fleet to plug-in hybrid and battery electric vehicles by early 2016, cut the size of the fleet by 100 vehicles, and save $8.7 The City will replace 100 vehicles by the end of this year and 425 vehicles by the beginning of 2016. million over ten years.

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

Green Car Congress

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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Efficient Drivetrains raises initial $7.5M in Series C; forecasting $15M

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Efficient Drivetrains has closed initial funds in its Series C financing round, highlighted by an initial infusion of $7.85 The Series C round, forecasted at $15 million is expected to close in Q4 2016, subject to final agreements. The company plans to complete the round with additional funding and investors in Q4 of 2016.

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NOHMs raises $5M for commercializing non-flammable, ionic-liquid containing electrolytes for EV batteries

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NOHMs), a Cornell University spin-out founded in 2010, raised $5 million in Series B venture capital financing to commercialize its non-flammable electric vehicle (EV) battery electrolyte technology. This electrolyte is a drop-in replacement for commercial ionic liquids used in PHEV and EV cells. NOHMs Technologies Inc. V and 4.95

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Volkswagen of America to invest $10M in EV charging infrastructure by 2016; calls for more legislative support to spur EV adoption

Green Car Congress

Volkswagen of America will invest $10 million by 2016 to support the build-out of electric vehicle charging infrastructure in the US, said Jörg Sommer, vice president, product marketing and strategy. Federal and state commitment to cleaner fleets by purchasing EVs and PHEVs. This should be a U.S.

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

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Charging infrastructure financing: Unlocking Up $4.5 Loan guarantees can be an important tool to commercialize innovative technologies because these projects may be unable to obtain full commercial financing due to the perceived risks associated with technology that has never been deployed at commercial scale in the United States.

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