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California Energy Commission awards nearly $2M to support alternative fuel production and vehicles

Green Car Congress

The California Energy Commission unanimously approved funding of $1,974,330 for the expansion and upgrade of a biodiesel production facility and buy-downs of alternative-fuel vehicles. in Stockton, for the buy-down of 19 propane gas vehicles of 8,501 to 14,000 pounds gross vehicle weight. Yokayo Biofuels, Inc.

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Study: People Want to Buy EVs but Costs Are Still Too High

The Truth About Cars

A recent study from KPMG found that most people are interested in buying an EV, but many cite affordability as a hurdle to ownership.& Unsurprisingly, households with more money were more likely to own an EV or alternative fuel vehicle. As it turns out, the demand is there, but costs are a significant hurdle for buyers.

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GE Capital to provide financing for electric motorcycle maker Brammo

Green Car Congress

with inventory financing to support the expansion of its dealer network in the US. CDF already provides inventory financing for other brands of alternative fuel and hybrid motorsports products. It is an important element of a successful manufacturer-dealer business model.

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California Energy Commission approves almost $700K for alt fuel projects

Green Car Congress

The California Energy Commission approved $678,889 to projects that will boost the number of alternative fuel vehicles on the state’s roadways. The awards were made through the Commission’s Alternative and Renewable Fuel and Vehicle Technology Program, created by Assembly Bill 118. Greenkraft, Inc.,

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Toyota to debut 2 BEVs, 1 PHEV for US this year; says research shows BEVs & PHEVs have similar environmental benefits

Green Car Congress

Toyota currently has more than 40% share of the total alternative fuel vehicle market, which includes a 75% share of the fuel cell market and a 64% share of hybrids and plug-ins. The PHEV is much less expensive to buy and own, compared to the BEV.

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California Energy Commission awards more than $2.6M for natural gas vehicles

Green Car Congress

The awards are expected to support the purchase of more than 125 new natural gas vehicles; funding comes from the Commission’s Alternative and Renewable Fuel and Vehicle Technology Program. The Energy Commission’s buy-down incentives are reserved in blocks for vehicle manufacturers or their designated dealers.

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California Energy Commission awards nearly $5M to encourage natural gas-powered buses and trucks

Green Car Congress

The awards, funded from the Commission’s Alternative and Renewable Fuel and Vehicle Technology Program, help to pay the difference between a conventional gasoline- or diesel-powered vehicle and one powered by a cleaner alternative fuel. The Energy Commission already has awarded nearly $15.5 West Coast Bus Sales, Inc.