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

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In FY 2016, Porsche spent €2.2 billion) on R&D to prepare for mobility of the future with an emphasis on plug-in hybrid vehicles; the battery-electric Mission E vehicle; and overall digital transformation. —Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT.

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

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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.

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

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

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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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During past eight years the number of plug-in electric vehicle models has increased from one to more than 20, battery costs have decreased 70%, and the number of electric vehicle charging stations has increased from less than 500 in 2008 to more than 16,000 today—a 40-fold increase. Charging infrastructure financing: Unlocking Up $4.5

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Chrysler Group files S-1 for IPO; snapshot of R&D priorities; exploring a light-duty hydraulic hybrid

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However, the document not only provides a detailed look at the finances of the company, it also provides a quick recap of recent technology developments and some insight into the company’s immediate research priorities. Details of the offering—i.e., number of shares and price range—are yet to be determined.

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Survey: Norwegian PHEVs drive electrically 55% of time, BEVs driven more in total and in everyday traffic

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Norway leads the European market for plug-in vehicles, with more than 105,000 units registered through May 2016. This experience may explain why battery electric vehicle and plug-in hybrids do not seem to compete for the same customer. Most BEV owners (71%) also own an ICEV, 4% a PHEV and 4% more than one BEV.

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