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New York City Council passes bill mandating all city school buses be electric by 2035

Green Car Congress

The New York City Council passed a bill mandating that the city’s school bus fleet be fully electric by 1 September 2035. Of the 960 currently managed by the City, 885 would still be need to be converted from diesel to electric as the City had previously committed to converting 75 school buses. 455 on 14 February 2018.

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Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

Green Car Congress

a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. The facility has a three-year term secured by a first priority lien on all assets. Workhorse Group Inc., million from Workhorse.

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BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

Green Car Congress

All measures and initiatives implemented in conjunction with Performance > NEXT are taking us in the right direction. —Nicolas Peter, Member of the Board of Management of BMW AG, Finance. By the end of 2021, the company intends to have more than one million vehicles with all-electric or plug-in hybrid drivetrains on the roads.

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Electric Vehicle Spotlight: Financing Rivian R1T

EV Life

In the dynamic landscape of electric vehicles, the Rivian R1T has emerged as a groundbreaking innovation, redefining the realm of electric adventure trucks. Revolutionizing Adventure: The Rivian R1T Unveiled The Rivian R1T burst onto the scene as a game-changer, setting new benchmarks for electric adventure trucks.

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UCLA orders all-electric shuttle bus powered by Motiv Power Systems

Green Car Congress

The University of California, Los Angeles (UCLA) has placed an order for a new all-electric shuttle bus powered by Motiv Power Systems ’ All-Electric Powertrain. This battery-electric buse is the first Motiv powered shuttle bus to operate on a university campus.

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Electric Vehicle Spotlight: Financing Rivian R1S

EV Life

American EV manufacturer Rivian Automotive initially unveiled a prototype of its futuristic all-electric SUV—the R1S—at the Los Angeles Auto Show in November 2018. The R1S joins the increasing number of attractive electric SUVs being debuted in the EV market. Rivian R1S: Adventure Package Built-In Off-Road Capability.

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California cap-and-trade spending doubles to $1.4 billion in 2018; xEV rebates, affordable housing, wildfire prevention, public transit

Green Car Congress

An annual ' tracking the progress of California Climate Investments, released by the California Air Resources Board and the California Department of Finance, finds that nearly $1.4 billion in new funding last year went to projects across all of California’s 58 counties—almost double the $720 million spent in 2017.