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million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). However, achieving such growth level will be dependent on two key factors: aggressive reductions in battery costs and rising gasoline prices. However, actual sales will be much lower and limited by vehicle availability.
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Going forward, our primary goal for both current and future capital initiatives is to leverage the best availablefinancing solutions that will provide liquidity and favorable economics.
Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.
Calysta Energy completed a Series A financing round totaling $3 million. The financing was led by Pangaea Ventures Ltd., Calysta is focusing on development of methane as a new biological feedstock for cost-competitive, scalable biofuels and chemicals production. Earlier post.). Purnesh Seegopaul, Ph.D.,
to offer Financing Programs on their DC Quick Charging Stations for Electric Vehicles. The program offers zero-down, zero-interest financing in an effort to offset the cost of equipment and encourage small businesses to install charging stations at their sites. Fuji Electric Corp. Earlier post.)
Consumers who purchase an electric vehicle will find that lifetime costs to own the vehicle are competitive with conventional and hybrid vehicles, according to an analysis conducted by the Electric Power Research Institute (EPRI). —“Total Cost of Ownership for Current Plug-in Electric Vehicles”.
are partnering to make solar power more affordable and available to Honda and Acura customers in the US, providing a cleaner source of electricity at a lower cost than utility-supplied power. SolarCity and American Honda Motor Co., < The offer is time-limited.
Scientists led by a former co-chair of the Intergovernmental Panel on Climate Change are warning warn that the UN negotiations aimed at tackling climate change are based on substantial underestimates of what it will cost to adapt to its impacts. But previous estimates of adaptation costs have substantially misjudged the scale of funds needed.
SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The new commitment will make solar power more affordable and available to Honda and Acura customers and dealerships in the US. The $50-million fund is a follow-up to a $65-million fund the companies created in 2013.
The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019.
The Showroom includes the State EV Policy Dashboard; EV Roadmap Roundup; EV Funding and Financing Guide; EV Tools and Calculators Clearinghouse; AchiEVe Toolkit; Freight Electrification Report; and ZEV State Scorecard. The State EV Policy Dashboard displays the status of 10 leading state EV policy strategies, updated monthly.
A new study published by US Department of Energy’s (DOE) Argonne National Laboratory offers the most complete understanding yet of the costs of owning and operating a vehicle, and how those costs vary by powertrain, from the conventional to the cutting-edge. United States: N. doi: 10.2172/1780970.
The Lightning Electric Transit Van is available for order now, with deliveries starting in the second quarter of 2021. Service is performed by Lightning eMotors’ network of Ford QVM-certified service centers, upfitters, and dealers, and spare parts are readily available worldwide. —Tim Reeser, CEO of Lightning eMotors.
The Ford Focus with CNG option is now available in Florida through Wise Gas, Inc. at approved aftermarket conversion facilities and should be available soon through participating Ford Dealerships. Ford Motor Credit has approved the financing for the incremental cost of CNG conversion. Wise Gas, Inc.
Under the Clean School Bus Program, half of the available funding is dedicated for zero-emission school buses and half is for clean school buses, the latter being a school bus that reduces emissions and is operated entirely or in part using an alternative fuel or is a zero-emission bus. Non-profit school transportation associations.
The US Department of Energy (DOE) announced up to $25 million in funding to reduce the cost of algal biofuels to less than $5 per gasoline gallon equivalent (gge) by 2019. Reservoirs could include atmospheric CO 2 , supplied CO 2 , and biologically available carbon in the cultivation system. Earlier post.).
As a result, inductive charging will soon be available in cars either as an additional feature or as an inbuilt feature. Currently, inductive charging is offered as an aftermarket solution with attractive financing options. —Frost & Sullivan Automotive and Transportation Senior Research Analyst Prajyot Sathe.
GE Capital’s Transportation Finance business and Clean Energy Fuels Corp., Clean Energy will then help offset the monthly cost of newly-acquired NGVs to make it consistent with the cost of a diesel truck, if the customer makes a fuel commitment.
Financing is provided by the future fund of the “Concerted Action Mobility” and is intended to promote the transformation of the automotive industry—in particular the supplier industry. The results of the research on the individual production steps are available to the entire network.
According to BNEF, developed countries and multilateral institutions should include electric vehicle investments, incentives and charging infrastructure deployments in their international climate finance plans, making capital available to emerging economies that have credible plans to develop this sector.
The researchers also found that a binding fuel economy standard, combined with a cap-and-trade (CAT) policy, increases the cost of meeting the GHG emissions constraint by forcing expensive reduction in passenger vehicle gasoline use, displacing more cost-effective abatement opportunities.
Diversifying the types of vehicles and fuels available to our drivers offers our city protection from often-volatile oil prices and better prepares us for the future. Each gasoline powered sedan in Indy’s fleet would have cost taxpayers approximately $9,000 per year over the next decade, including purchase, fuel, maintenance and insurance.
Clean Energy’s Zero Now program makes the cost of leasing or purchasing a new natural gas heavy-duty truck equal to the price or even lower than that of the same truck equipped with a diesel engine. The company will also be utilizing renewable natural gas where available for this deployment.
opened reservations for the Ocean electric luxury SUV, arriving in 2022, through its website and native mobile app—available globally on the App Store and Google Play store. The Fisker app offers a flexible lease program, maintenance and repair on demand, insurance purchase to easy finance options. Fisker Inc.
PACCAR Financial will provide flexible financing options for infrastructure and charging systems. PacLease will bundle the cost of charging systems within full service lease offerings to customers. Kenworth and Peterbilt customers will be able to order electric chargers from PACCAR Parts.
AMPLY Power is working with Duke Energy Sustainable Solutions to expand fleet electrification offerings, including the first commercially available combination solar canopy and overhead electric vehicle charging solution covered by a power purchase agreement (PPA) leasing and financing model. —Vic Shao, CEO of AMPLY Power.
For example, if the repair or replacement costs of defective or weak battery modules exceed a predetermined amount, the insurance then covers the rest. It will also become easier to obtain project financing, because the maximum costs for any warranties are capped by the insurance cover.
Available in early 2014, 360° Electric is a portfolio of consumer-oriented offerings designed to overcome commonly perceived barriers to purchasing an electric vehicle. Bosch certified electricians will perform a no cost, in-home consultation and full installation services, backed by a Bosch warranty and ongoing technical support.
Carbon Sciences says it will design its plant to produce gasoline cost-effectively from the thousands of available small- and medium-size natural gas fields. Our first project must be absolutely ‘bankable’ to obtain the necessary project financing. Optimization of this section will yield significant cost benefits.
If fleet electrification is to compete on equal terms with the classic internal combustion engine, it will need more than the right economic parameters such as the cost of purchasing and operation. When it comes to operating costs (total cost of ownership), the eVito stands on an equal footing with the diesel-powered Vito.
The Federal Transit Administration (FTA) announced the availability of $55 million of Fiscal Year 2016 funds ( FTA-2016-003-TPM ) for the purchase or lease of low or no emission vehicles as well as related equipment or facilities under the Low or No Emission Program (Low-No) Program. Funds awarded for the Bus Program will finance capital.
Shengquan’s cost model shows that its current production cost of cellulosic ethanol is cost-competitive with conventional ethanol as the feedstock is a by-product of their current production. Shengquan has profound experience in chemical production and is a leading company in commercializing cellulosic ethanol.
The enzyme enables more cost-efficient conversion of biomass to ethanol and performs 1.5 Cellic CTec3 allows the cost of producing ethanol from biomass to approach the level of corn ethanol and gasoline, according to the company. times better than its predecessor, Cellic CTec2. Earlier post.). —Novozymes’ CEO Steen Riisgaard.
Rapid melting of the Arctic region could carry a minimum global cost of US$2.4 trillion by 2050, according to a new report, “An Initial Estimate of the Cost of Lost Climate Services Due to Changes in the Arctic Cryosphere”, released by the Pew Environment Group.
Additionally, Qmerit helps commercial property owners offset the cost of their charging investment by generating revenue from their charging stations and securing carbon credits and utility company incentives. Competitive financing solutions are also available through Qmerit’s lending partners.
The Federal Transit Administration (FTA) announced the availability of $55 million of Fiscal Year 2017 funds ( FTA-2017-003-TPM-LowNo ) for the purchase or lease of low- or no-emission vehicles as well as related equipment or facilities (Low-No). million is available under the Continuing Resolution that expires on 28 April 28 2017.
Currently available 480V 3 phase shore power will be used for charging of the batteries and powering of the eTRU when idle or during loading and unloading of the trailer. eTRUs deliver a lower total cost of ownership and are more environmentally friendly than diesel-powered units currently serving the majority of the market today.
From the quantification of the dependencies between costs, vehicle performance and HRS network development, the project developed a model to predict the rate of vehicle uptake in different circumstances. This model indicates that, once refueling options are available, the initial uptake will be limited by the cost of buying the vehicles.
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 next generation of the BMW 7 Series will mark a new milestone.
The study cautions, however, that the availability of financing, total cost of ownership and the unfolding events in Japan will impact vehicle sales in both markets. Behind the forecast, four key macroeconomic factors were measured. consumer confidence. —Dan Cheng.
…the objective is that of building an aeroplane that works on hydrogen, taking advantage of the fuel cell technology at present available to create a demonstrator aircraft that is able to connect cities through flights while totally eliminating the environmental impact. The overall cost of the project is €4.5 million (US$6.6
The KPMG study, “Expect the Unexpected: Building Business Value in a Changing World”, explores issues such as climate change, energy and fuel volatility, water availability and cost and resource availability, as well as population growth spawning new urban centers. Source: KPMG. Click to enlarge.
It is being backed to the tune of $150 million by the Clean Energy Finance Corporation. This is significant because PHEVs lose access to the FBT exemption available under the Electric Car Discount from April 1 2025. Government announces scheme to slash the cost of buying new and used electric vehicles. The post Cheaper EVs!
Lyft’s new carpooling service will allow commuters to offset the costs of driving on their regular commute routes. More details on this new carpooling service—which will operate separately from existing Lyft services—will be made available in the coming weeks, but interested drivers can sign up now at lyft.com/carpool.
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