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New York City Council passes bill mandating all city school buses be electric by 2035

Green Car Congress

The New York City Council passed a bill mandating that the city’s school bus fleet be fully electric by 1 September 2035. Of the 960 currently managed by the City, 885 would still be need to be converted from diesel to electric as the City had previously committed to converting 75 school buses. billion through Fiscal 2035, or $310.9

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Tesla VP of Finance corrects critic who claims that TSLA pays no taxes

Teslarati

Tesla Vice President of Finance Sendil Palani recently addressed claims from former secretary of labor and UC Berkeley Professor Robert Reich about the electric vehicle maker’s federal tax payments. Tesla complies with all tax regulations in all of the regions of the world in which we operate.

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Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

Green Car Congress

a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. The facility has a three-year term secured by a first priority lien on all assets. Workhorse Group Inc.,

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Stena Line introducing battery-electric operation to ferry; three stages up to 50 all-electric nautical miles

Green Car Congress

In step two, a 20 MWh battery pack will be connected to the propellers; Stena Jutlandica will be able to be operated on electricity within around 10 nautical miles, equal to the distance between Göteborg and Vinga Lighthouse. The first phase of the project is supported and financed by half by the Swedish Transport Administration and the EU.

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T&E: Denmark, Luxembourg, Netherlands lead deployments of zero-emission buses in Europe

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Denmark leads the way when it comes to putting zero-emission urban buses on the streets in Europe, with 78% of new vehicles being electric, according to the latest data from green NGO Transport & Environment. In 2019, less than 10% of their newly-registered urban buses were electric or hydrogen.

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BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

Green Car Congress

All measures and initiatives implemented in conjunction with Performance > NEXT are taking us in the right direction. —Nicolas Peter, Member of the Board of Management of BMW AG, Finance. By the end of 2021, the company intends to have more than one million vehicles with all-electric or plug-in hybrid drivetrains on the roads.

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NIO launches Battery as a Service (BaaS) in China; battery swap system

Green Car Congress

With the battery price not included in the vehicle sales price, nor in the finance payments, the costs are significantly lower to switch to an EV. Electric vehicles costing over RMB 300,000 are now eligible for subsidies only if they have the capability of battery swapping. NIO battery swap station. NIO’s 84 kWh battery for the ES6.

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