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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

Green Car Congress

billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). Looking at the third-quarter global investment figures by type, asset finance of utility-scale renewable energy projects came to $49.3 billion for 300MW.

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Lightning eMotors introduces new generation 4 Lightning Electric Transit Class 3 Van; battery-electric and fuel cell electric variants

Green Car Congress

Lightning eMotors Credit and Ford Motor Credit financing is available along with electric vehicle vouchers and incentives, which are accessible in many states. The voucher program can reduce the upfront cost of advanced zero-emission fleet vehicles by 30 to 70 percent. —Tim Reeser, CEO of Lightning eMotors.

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Over 20 lakh electric vehicles were purchased by Indians in the last six years

Electric Vehicles India

In 2018 it increased from 1.08 In the passenger car segment, only 16,943 were registered in 2018, due to the motorcycle segment, which reached 6.28 At the 2023 budget presentation, Finance Minister Nirmala Sitharaman proposed lowering tariffs on imported capital goods for the production of lithium-ion batteries. million to 3.38

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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Long overdue to be removed from IRC 30D is the phaseout of the credit on EVs purchased or leased from manufacturers that have sold 200,000 electric vehicles in total since enactment of the credit on January 1, 2010.

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

Green Car Congress

We are already making measurable progress, which will continue to have a noticeably positive impact on earnings—whether in terms of sales, the cost of materials or indirect purchasing. —Nicolas Peter, Member of the Board of Management of BMW AG, Finance.

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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 remaining $25 million will function as a revolving credit facility from which Workhorse may draw down as necessary to meet existing and future purchase orders.

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Mercedes-Benz will offer electric drive on all commercial van lines; electric eVito now available to order, eSprinter in 2019

Green Car Congress

This will start with the mid-size eVito, with deliveries commencing in the second half of 2018. The exclusive pre-ordering phase for the mid-size van begins today in Germany, with market launch scheduled for the second half of 2018. The higher purchase price is offset by lower energy and maintenance costs as well as tax savings.

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