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EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. The Commission is convinced that financing should cover.

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Tesla launches limited-time 0.99% APR loan rate on U.S. Model Y orders

Teslarati

On Friday night, Tesla launched the promotional financing on its website for the Model Y, offering a 0.99 percent APR interest rate for buyers who finance the electric vehicle (EV) on an order placed by May 31. Tesla has also launched a number of buying incentives in recent months, and especially leading up to the end of Q1.

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South 8 Technologies raises $12M in Series A to commercialize liquefied gas electrolytes for high-performance Lithium-ion batteries

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South 8 Technologies, a developer of electrolyte formulations for next-generation lithium batteries, has raised $12 million in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC). —Cyrus Rustomji, Ph.D.,

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Budget 2024: ‘Critical Mineral Mission’ to boost EV battery production – ET Auto

Baua Electric

In the interim budget, the Finance Minister had hinted about the GoI’s strategy to promote energy security in terms of availability, accessibility and affordability. This policy also includes technology development, skilled workforce, extended producer responsibility framework, and a suitable financing mechanism.

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US Treasury To Provide Up To $5B in Financing For Auto Supplier Support

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While the President’s Task Force on the Auto Industry continues to review restructuring plans submitted by General Motors and Chrysler, the US Department of the Treasury announced an Auto Supplier Support Program that will provide up to $5 billion in financing to US-based suppliers.

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European Automotive Industry Outlines RD Priorities for EU Green Car Initiative

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CLEPA (the European umbrella membership organization representing the interests of the global automotive supply industry) and EUCAR (the European Council for Automotive R&D from the major European passenger car and commercial vehicle manufacturers) jointly prepared the document. Funding will be spread over four years. €1

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8-state alliance releases action plan to put 3.3M ZEVs on their roads by 2025

Green Car Congress

Since the MOU signing, state regulators, the auto industry and infrastructure developers and other stakeholders have shared information and best practices to help move this effort forward. Assessment of creative vehicle financing innovations. Provide consumer incentives to enhance the ZEV ownership experience.

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