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IRENA report says tripling renewables investment required to reach 2050 climate goal

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The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8 Renewable energy investment slightly declined in 2018, with modest growth through 2019. Global landscape of renewable energy finance in 2017-2018. From Global Landscape of Renewable Energy Finance.

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NFI Industries orders 60 Volvo VNR Electric trucks

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NFI started its electromobility journey with Volvo Trucks as part of the Volvo LIGHTS (Low Impact Green Heavy Transport Solutions) project that began in 2019. Earlier post.). Twenty of the trucks will be deployed as part of the Joint Electric Truck Scaling Initiative, or JETSI project. emission heavy?duty

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Ford to build more EV software capability at Chennai tech hub | Autocar Professional

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American automaker Ford, whch is known to be working on an affordable EV platform, is set to build more electric vehicle (EV) software capabilities at its Ford Business Solutions India operation, based in Chennai. Meanwhile, Ford is understood to be evaluating its India market re-entry.

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bp to invest up to $8B additional in transition growth engines by 2030, for cumulative $55-65B over 2023-2030

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This compares to around 3% in 2019. bp aims to build a leading position globally in hydrogen, initially supplying its own refineries, scaling up to meet growing customer demand and in parallel, as markets develop, developing global export hubs for hydrogen and its derivatives. In 2022, bp invested $4.9 billion over the year to $21.4

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BNEF: E-buses to surge even faster than EVs; supply of cobalt potential risk to the pace of growth

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The electrification of road transport will move into top gear in the second half of the 2020s, due to tumbling battery costs and larger-scale manufacturing, with sales of electric cars surging to 28%, and those of electric buses to 84%, of their respective global markets by 2030. Source: Bloomberg New Energy Finance. and 17% in Japan.

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California ARB directs additional clean vehicle rebates to lower-income families

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CVRP set aside $25 million for the $2,500 increased rebates for low- and moderate-income households for Fiscal Year 2019-20. An additional $2,500 rebate is available to low- and moderate-income households at or below 400% of the federal poverty level. That allocation was exhausted on 5 February 2021.

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J.D. Power: new-vehicle transaction prices hit all-time high despite rising interest rates; sales volume constrained as inventory stays flat

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Total retailer profit per unit—inclusive of grosses and finance and insurance income from new-vehicle sales—are expected to reach first-half record levels on both a per unit and total basis. In June 2019, leases accounted for 30% of all new-vehicle retail sales. for the first six months, down from 7.1% billion, up $9.4

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