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BYD electric motor coaches selected for California purchasing contract; available to governmental entities outside CA

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BYD announced that its participation in a California-wide purchasing contract will also allow US transit agencies to leverage California’s purchase power to buy US-built zero-emission BYD battery-electric motor coaches, made by union employees in Lancaster, California. —Patrick Duan, Vice President of BYD North America.

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Study estimates fuel economy improvements to US light-duty vehicles from 1975–2018 saved 2T gallons of fuel, 17B tons of CO2

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They further estimated that roughly one-fifth of the savings can be attributed to gasoline price increases over the period and four-fifths to fuel economy and greenhouse gas (GHG) standards. gasoline demand would have put upward pressure on world oil prices. Their paper is published in the journal Energy Policy. Greene, Charles B.

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Tesla reports net profit, positive cash flow and better margins for Q3 2018 on Model 3 successes

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For the third quarter of 2018, Tesla reported GAAP net income of $312 million; free cash flow of $881 million, supported by operating cash flow of $1.4 Q3 2018 was a truly historic quarter for Tesla. Tesla is also trying to bring down the Model 3 pricing to the originally teased $35,000 mark.

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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.

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BMW Group extends joint venture contract in China until 2040

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The agreement on the contract extension was signed by the two joint venture partners back in October 2018, on BBA’s 15 th anniversary. With the issuance of the new business licence, the increase of BMW Group’s stake in BBA also is effective, as agreed upon by both joint venture partners in 2018. BBA) joint venture until 2040.

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Report: Hyundai to introduce new fuel-cell vehicle in 2018 at half the price of Tucson Fuel Cell

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The Korea Herald reported that Hyundai Motor plans to unveil a new fuel-cell electric vehicle with a price tag of 60 million won (~US$53,900)—around half the price of the current Hyundai Tucson Fuel Cell. million won (~US$24,700), the purchase price for customers could be lowered to about 33.5

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Baker Institute team says fossil fuel subsidies need global reform

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In 2018, eight member states maintained $207 billion in fossil fuel subsidies, International Energy Agency (IEA) data show. of GDP in China to nearly 6% of GDP in Saudi Arabia, where, despite two cycles of price hikes, 60% of the cost of energy products and services continued to be borne by the state. Costs ranged from a low of 0.3%