Remove 2020 Remove Batteries Remove Cost Of Remove Fleet
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€12M Current Direct project seeks to support marine electrification with swappable containerized battery system

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Current Direct , a new €12-million research and innovation project funded by the European Commission’s Horizon 2020 program, is proposing an innovative lithium-ion cell optimized for waterborne transport, using novel manufacturing techniques allowing for a consistent cost reduction compared to the current market prices.

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Study finds technology cost of achieving European 2020 LDV CO2 targets more than offset by resultant fuel savings

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Provisional 2030 economic impact of achieving the 2020 targets in the two Phase I scenarios—Current Policy Initiatives and Tech 1— compared to baseline. In the second scenario, Tech 1, cars and vans achieve slightly higher efficiency levels in 2020 and continue along a similar trajectory of around 3% annual improvement.

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UPS collaborating with Workhorse to deploy 50 electric trucks; rivaling acquisition cost of conventional; no subsidies

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UPS plans to deploy 50 plug-in electric delivery trucks that will be comparable in acquisition cost to conventional-fueled trucks without any subsidies—an industry first that would breaki a key barrier to large scale adoption of electric fleets. —Carlton Rose, President, Global Fleet Maintenance and Engineering for UPS.

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UPS/Greenbiz study identifies motivators and barriers to electric fleets

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Attaining environmental benefits and lower cost of ownership are driving more commercial fleets to electrify, according to a new study by UPS and GreenBiz. In addition to the fuel savings, electric vehicles typically require less maintenance than traditional internal combustion engine vehicles, which means lower maintenance costs.

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BNEF: EV sales to fall 18% in 2020, overall car market by 23% in response to health and economic crisis

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BloombergNEF (BNEF) forecasts that sales of electric passenger vehicles will fall 18% in 2020 to 1.7 BNEF’s latest annual Long-Term Electric Vehicle Outlook shows electric models accounting for 58% of new passenger car sales globally by 2040, and 31% of the whole car fleet. Electric vehicles (EVs) of all types are seen adding 5.2%

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ABI Research projects worldwide commercial EV market to surpass US$680B by 2027

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billion in 2020 to more than US$682 billion by 2030. The growing affordability of EVs has been one of the biggest drivers for fleet electrification efforts. There has been a trend of EVs becoming more and more affordable due to advancements in battery technology and economies of scale in production.

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King County Metro Transit to purchase 120 battery-electric buses by 2020, 73 from Proterra

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King County, Washington, Executive Dow Constantine announced that King County Metro Transit will acquire 120 battery-electric buses by 2020. As part of this commitment, Metro will purchase up to 73 battery buses from Burlingame, Calif.-based based Proterra. The first 20 are scheduled to go into service this year and 2019.

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