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received a purchase order for 500 of its all-electric C-1000 delivery vehicles from Pritchard Companies. Inventory financing will be provided by Hitachi Capital America as part of Workhorse’s previously announced strategic partnership with HCA. Workhorse Group Inc. —Workhorse CEO Duane Hughes.
Plug-in electric vehicles, including plug-in hybrids and battery electric vehicles, have the potential to make up 9% of US auto sales in 2020 and 22% in 2030 (1.6 million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). million units in 2020, or some 7.3% Earlier post.)
NIO BaaS users can purchase a car without the battery, making EVs more price competitive against existing powertrains, while also providing the flexibility to change battery capacity depending on their needs and pay accordingly. This is further enhanced with the 2020 policy of national NEV subsidies that favor battery-swapping technology.
In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF).
from 2012 to 2020, with approximately 351,900 units likely to be sold. Currently, inductive charging is offered as an aftermarket solution with attractive financing options. Yet, the cost of purchasing and installing an inductive charging solution is approximately 30% higher than that of conductive (wired) charging.
Workhorse Group has received a purchase order for 6,320 C-Series all-electric delivery vehicles from Pride Group Enterprises, a company with businesses in transportation equipment retail, wholesale, rental, leasing and logistics. Inventory financing for that deal is also being provided by Hitachi Capital America.
These new buses will provide ATN a 57 percent zero-emission fleet by 2020. We’ve been operating four of BYD’s 40-foot K9Ms on our routes over the past two years, and based on their performance, we are confident in BYD’s quality product and their support of our efforts to electrify our fleet. —ATN Executive Director Diana Kotler.
A new survey by Capital One Auto Finance found that more than half of respondents (53%) say that their next car will be more fuel efficient than their current vehicle and 55% would be very likely or somewhat likely to give up a larger vehicle for a more fuel-efficient model when they buy their next car.
billion to decarbonization in 2020, beating the previous year by 9% despite the economic disruption caused by the Covid-19 pandemic. billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. billion in 2020.
The Premier of Québec, Jean Charest; the Minister of Sustainable Development, Environment and Parks, Pierre Arcand; and the Minister of Transport Pierre Moreau unveiled the Canadian province’s 2013-2020 Action Plan on Climate Change (PACC 2020). megatonnes deemed necessary to achieve the target reduction of GHG emissions by 2020.
The central government’s plan, posted on its website, is targeting the production of 500,000 plug-in hybrid and electric vehicles by 2015, with output to grow to 2 million units of those types by 2020. By 2020, average passenger car fuel consumption is to drop to 5.0 L/100km (40 mpg US) or less. L/100km (52.3 mpg US) or less.
Labelled “Biofuel Flightpath”, the initiative is a roadmap with clear milestones which targets an annual production of two million tonnes of sustainably produced biofuel for aviation by 2020. Facilitate dedicated aviation biofuel production at a reasonable cost by agreeing to tangible biofuel supply and purchase commitments.
This SAF purchase agreement expands the list of committed airline partners and supports Gevo’s pursuit of its stated goal of producing and commercializing a billion gallons of SAF by 2030. The alliance followed up that commitment with an intermediate goal to achieve 10% SAF use across the member airlines by 2030.
a federal mileage fee—as a way to reform financing of the US transportation infrastructure. The recommendation is part of the final report issued by the National Surface Transportation Infrastructure Financing Commission, “ Paying Our Way: A New Framework for Transportation Finance ”. The nation faces a crisis. Paying our Way”.
This purchase represents an order potential of nearly 800 buses (of which about 200 are in firm order), financed 100% by île-de-France Mobilités (in direct grant or via the contract île-de-France Mobilités – RATP). The first series deliveries related to this consultation should be made at the end of 2020.
The Fisker app offers a flexible lease program, maintenance and repair on demand, insurance purchase to easy finance options. We created five easy-to-choose option packages for Fisker Ocean that will be available to our reservation holders closer to the end of 2020.
billion from Wanxiang to finance and construct the first phase of a coal-to-natural gas facility that ultimately will have an annual production capacity of one trillion cubic feet (1 Tcf) (30 billion cubic meters) per year. As part of the transaction, GreatPoint Energy has raised equity investment and secured project funding of $1.25
Grab, the leading ride-hailing platform in Southeast Asia, launched its “Grab 4 Indonesia” 2020 master plan, endorsed by Badan Koordinasi Penanaman Modal (BKPM), the Government of Indonesia’s Investment Coordinating Board. Expand access to mobile payments and financing opportunities. Invest in technopreneurship for social good.
JetBlue will offset carbon dioxide emissions from jet fuel for all domestic JetBlue flights beginning in July 2020, making it the first major US airline to take this measurable step toward reducing its contribution to global warming. All of JetBlue’s purchased carbon offsets are audited, verified and retired on the airline’s behalf.
Conventional automotive technologies have significant emission-reduction potential, according to a draft of the Boston Consulting Group’s (BCG) latest report on automotive propulsion, Powering Autos to 2020. —“Powering Autos to 2020” (draft). Source: BCG. Click to enlarge. However, China is a major wildcard.
Proterra Inc has been selected by the Washington State Department of Enterprise Services as a vendor to supply zero-emission battery-electric transit buses and charging infrastructure under the state’s regional Cooperative Purchasing Contract.
has optioned the right to purchase approximately 239 acres of land near Lake Preston, SD, and has met the initial milestone to secure control of a site by the end of this year that meets the conditions required by the contract that Trafigura Trading LLC and Gevo executed in August 2020. Bio-isobutanol producer Gevo, Inc.
GM Ventures, the automaker’s investment arm, has made a strategic investment in Lithion Recycling’s Series A financing round, supporting a new GM-Lithion strategic partnership agreement to pursue a circular battery ecosystem using Lithion’s advanced battery recycling technology.
A cornerstone of CARB’s suite of EV-purchase incentives, the Clean Vehicle Rebate Project (CVRP) is the nation’s largest and longest-running EV incentive program. CVRP offers standard rebates of $1,000 to $4,500 for the purchase or lease of a new eligible plug-in hybrid or zero-emission vehicle.
Under the Energy Saving and New Energy Vehicle Plan for 2012 to 2020 released in 2012, average passenger car fuel economy is targeted to increase to 34 miles per gallon (6.9 l/100 km) by 2020. The NEV target for 2020, originally set at 5 million vehicles, was recently scaled back to 1 million vehicles. Source: EIA.
Achieving this will require a minimum of 25% of new light-duty vehicles purchased in the US to be grid-enabled vehicles (GEV) by 2020. order to reach the goal of 75 percent electric miles by 2040, the US light-duty vehicle market will need to have reached a tipping point by 2020. Source: Electrification Roadmap.
It also includes working with automakers and dealers to identify, evaluate, and implement creative financing approaches and other effective strategies to reduce vehicle purchase price and increase ZEV sales. Encourage private fleets to purchase, lease, or rent ZEVs. Assessment of creative vehicle financing innovations.
We have set ourselves clear targets for 2020. 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.
The MOR-EV program was initially funded with $2 million in Regional Greenhouse Gas Initiative (RGGI) auction proceeds, which also finance the new funding. All applications must be submitted within three months of the purchase or lease of the vehicle. Any Massachusetts resident is eligible for the rebate.
The government of China—now the world’s largest automotive market—has made vehicle electrification central to its plan for growing the automotive market both domestically and internationally, and accordingly has created many national and local incentives for plug-in electric vehicle (PEV) purchases. China’s Energy Saving and.
Purchased for approximately €31.5 million for the financial year ending 31 December 2020. Vulcan Energy Resources has agreed to acquire an operational geothermal renewable energy power plant in the Upper Rhine Valley at Insheim, Germany, through the acquisition of 100% of the shares in the entity which owns and operates the plant.
a gasification-based drop-in advanced biofuels company ( earlier post ), has agreed to purchase about 1,200 acres of land near Alexandria, Louisiana, for the planned construction and operation of its first production facility. Sundrop Fuels, Inc.,
More than 145,000 EVs were sold in California in 2020 with a majority of sales taking place in the latter half of the year. Through the first quarter of 2021, CVRP rebate applications have already exceeded levels seen in early 2020, with substantially higher participation by low- and moderate-income consumers.
Between now and 2020, GM and its joint ventures plan to roll out more than 60 new and refreshed models in China, including 13 this year, with a strong focus on SUVs, MPVs and luxury vehicles. GM expects China’s vehicle market to increase by 5 million units or more by 2020, representing growth of about 3-5% annually. Earlier post.).
By leveraging its solutions in combination with utility incentive programs, project management and financing, World Energy assists companies throughout all aspects of the electrification process. The purchase price is subject to an adjustment for closing date net working capital and an additional earn out payment of $1.0
Andreas Scheuer, German Federal Minister of Transport and Digital Infrastructure, announced the award of around €50 million (US$58 million) in funding for 31 municipal electric mobility projects under the “Clean Air 2017-2020 emergency program”. The mobility of the future is a mega opportunity for our country.
These types of benefits, coupled with our innovative financing programs for both truck and battery, means significant savings for heavy truck fleet operators—even before consideration of environmental factors for the rural environments where mining and other heavy industry takes place.
Ford also announced that it will introduced more than 12 new performance vehicles through 2020, including an all-new Focus RS, to be available globally. In the United States, more than 65% of ST customers come from outside the Ford brand, and more than 50% of Ford performance vehicle owners’ next vehicle purchase is a Ford.
During his address to Parliament earlier this week, Malaysian finance minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz cited the reduction of pollutants and better air quality as the main indicators of why electric cars are a good idea. Electric vehicle initiative programs have been discussed before now. I’d love to hear from you!
ºF), and to commit to an average greenhouse gas (GHG) reduction of 30% below 1990 levels by 2020 as part of that objective. Reductions could be achieved by domestic actions, as well as emissions credits earned by financing emissions reduction projects in developing countries. Financing Emissions Reductions.
Energy Fuels will produce its RE Carbonate from natural monazite sands supplied by US-based Chemours Company under a sales agreement between Energy Fuels and Chemours that was announced on 14 December 2020. As previously announced, Energy Fuels successfully produced RE Carbonate at the White Mesa Mill in October 2020 from monazite sands.
PRTM projects that the global EV value chain will likely be greater than US$250 billion by 2020. The study estimates that global sales of plug-in vehicle will likely constitute 10% of new vehicle sales by 2020. Click to enlarge.
The IMRB will be financed by shipping companies worldwide via a mandatory R&D contribution of US$2 per tonne of marine fuel purchased for consumption by shipping companies worldwide—which will generate about US$5 billion in core funding over a 10-year period. Cruise Lines International Association.
I am pleased that we are progressing according to plan and that we are on track to start producing spodumene concentrate in the second half of 2019 with lithium salts production commencing in the last half of 2020. Prior to the most recent project financing, close to CAD20 million had already been invested for the Shawinigan site.
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