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Average price of new light trucks in 2019 was 43% higher than average price of new cars

Green Car Congress

Prices for new light trucks—pickups, vans, and sport utility vehicles (SUVs)— averaged 43% more than new cars in 2019. From 1990 to 1995, cars had a higher average price than light trucks. Price data are adjusted for inflation (constant 2019 dollars). Finance charges or finance incentives are excluded.

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EV Life is awarded CalSEED grant from the California Energy Commission to make financing electric cars cheaper than gas vehicles.

EV Life

EV Life was founded in 2019 with a mission to accelerate the adoption of electric vehicles. The average California driver qualifies for over $10,000 in EV rebates and tax credits, but incentives can take 12 to 18 months to recoup post-purchase. Scott, Vice-Chair of the CEC. About EV Life.

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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit. Chart Source: EV Volumes.

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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

Further model ranges will follow, starting in 2019. The eVito will be followed in 2019 by the eSprinter. The use of connectivity solutions specific to electric vehicles as well as financing and mobility concepts will also be addressed at the early planning stages. The line-up will then be rounded off by the Citan.

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First Cobalt announces positive feasibility results for Canadian cobalt refinery expansion; first NA producer of battery-grade cobalt sulfate

Green Car Congress

. $37 million in undiscounted pre-tax free cashflow to the project forecasted during the first full year of production. 139 million after-tax net present value (NPV) using an 8% discount and 53% after-tax internal rate of return (IRR), representing a payback period of only 1.8 Cobalt Price. $25/lb. IRR – Pre-Tax.

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Rio Tinto, Mongolia resolve issues over $6.925B Oyu Tolgoi copper project; underground operations to start

Green Car Congress

The Parliament of Mongolia has approved a resolution (Resolution 103) that resolves the outstanding issues that have been subject to negotiations with the Government of Mongolia over the last two years in relation to addressing Parliament Resolution 92 (December 2019). Forecasted remaining undergound capital expenditure is approximately $1.8

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BluSmart rides out of FY24 with INR 390-crore revenue in the boot – ET Auto

Baua Electric

BluSmart, founded in 2019, is aiming to cross INR 800 crore in revenue in FY25, Goyal said. BluSmart also raised USD 25 million in a mix of debt and equity in January this year from Zurich-based climate finance firm ResponsAbility. In December, bike-taxi-focused platform Rapido also expanded into cab services.

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