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BMW i Ventures launches new $300M fund for sustainability, transportation, manufacturing and supply chain investments

Green Car Congress

BMW i Ventures created a new $300-million venture capital fund with a strong focus on sustainability. The new fund will invest in early to mid-stage start-ups operating in the sustainability, transportation, manufacturing, and supply chain industries. BMW i Ventures was established as an independent venture capital firm in 2016.

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President’s 2016 Budget requests $29.9B for DOE; 9% boost over FY 2015 enacted; $793M (2.7%) for sustainable transportation

Green Car Congress

President Barack Obama’s 2016 Budget requests $29.9 The FY 2016 DOE Budget Request represents a 9% increase ($2.5 billion, the FY 2016 Budget requests $4.8 billion, the FY 2016 Budget Request provides $5.34 Sustainable transportation. Sustainable transportation funding requests include: Vehicle technologies.

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DOE to award $22.3M to accelerate the development of MD, HD plug-in vehicles and use of other sustainable transportation technologies

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The “Fiscal Year (FY) 2016 Vehicle Technologies Multi-Topic Funding Opportunity Announcement” ( DE-FOA-0001535 ) seeks cost-shared projects across three areas of sustainable transportation technologies. The US Department of Energy (DOE) announced approximately $22.3

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Scania reports a 40% increase in sales of vehicles that run on alternative fuels and hybrids in 2016

Green Car Congress

The number of vehicles that Scania sold that run on alternative fuels and hybrids increased by 40 percent in 2016. In total, close to 5,000 such vehicles were sold in 2016. Almost 40,000 of Scania’s customers’ drivers were trained in fuel-efficient driving in 2016. This is a year-on-year increase of 30%.

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Honda to begin US production of plug-in fuel cell electric vehicle based on CR-V in 2024

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As we accelerate our plan to produce Honda battery EVs in the United States, we also will begin low volume production of fuel cell electric vehicles there to further explore their great potential as part of a sustainable transportation future. —Gary Robinson, vice president of Auto Planning & Strategy for American Honda Motor Co.

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Mayor of London expanding Ultra Low Emission Zone London-wide; new £110M scrappage scheme

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Source: Transport for London. Euro 6 for diesel cars and vans (widely available since 2016). The evaluation survey of the Mayor’s Car and Motorcycle Scrappage Scheme shows it reduced vehicle ownership, with survey respondents also reporting a decrease in car travel and an increase in walking, cycling and public transport use.

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Scania and European Gigafactory developer Northvolt partner for heavy vehicle electrification

Green Car Congress

Scania, a member of the Volkswagen Group, and Northvolt, a 2016 startup building a European Gigafactory (planned 32 GWh annual capacity) for Li-ion batteries ( earlier post ), have agreed to develop and commercialize battery cell technology for heavy commercial vehicles. Scania is investing €10 million (US$12.5 Earlier post.).

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