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a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. The remaining $25 million will function as a revolving credit facility from which Workhorse may draw down as necessary to meet existing and future purchase orders.
The 40-foot Proterra ZX5 Max selected by Pace features 675 kilowatt hours (kWh) of energy storage—the most onboard energy storage available in an electric transit bus on the road in North America today. Proterra 40' ZX5 Max.
million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). The second step models the proportion of consumers within the addressable market that might actually purchase such a vehicle. However, actual sales will be much lower and limited by vehicle availability.
launched a dealer program that provides turnkey residential charging packages to consumers purchasing new electric vehicles (EVs) or plug-in hybrids (PHEVs) and allows them to finance the charger in combination with the vehicle at the time of sale. AeroVironment, Inc.
Tesla Motors, in partnership with Wells Fargo and US Bank, has created an automotive financing product that combines elements of ownership and leasing for Model S customers. Elements of the new program include: US Bank and Wells Fargo have agreed to provide 10% down financing for purchase of a Model S (on approved credit.).
DOE plans ( DE-FOA-0001236 ) to issue in the February 2015 timeframe a funding opportunity (DE-FOA-0001237) to develop and to implement effective purchasing/procurement processes designed to coordinate and consolidate bulk alternative fuel vehicle and advanced vehicle orders and thus reduce the per-unit prices of commercially-available vehicles.
announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 Li-ion maker A123 Systems, Inc.
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. A 20-year lease or power purchase agreement term applies. SolarCity and American Honda Motor Co.,
a provider of cost-effective drone-integrated electric vehicles to the last-mile delivery sector, has entered into a note purchase agreement (NPA) under which it will sell $200 million aggregate principal amount of its 4.0% After the closing and release of the proceeds, the company will have more than $270 million in cash available.
As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. Under the deal, MONTE will purchase up to 100 ZA600 powertrains to be installed on existing and new Cessna Caravan, DHC-6 Twin Otter, Dornier 228 and HAL-228 aircraft.
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.
START will help customers meet the demand from consumers for transparency on where and how the products they purchase are made. Our vision is that our customers can showcase the sustainability of the aluminum they purchase from Rio Tinto to their consumers, delivering full value from our responsible production.
As per the electric vehicle maker, China-based customers who wish to purchase select variants of the Model 3 or Model Y before November 30, 2024, would be able to take advantage of the limited-time five-year, zero-interest financing program. At the time, Tesla noted that the program would only be available for a limited time.
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 Commonwealth Bank of Australia (CBA) has partnered with Tesla to offer low-interest financing on electric vehicle (EV) purchases. The CBA says that the lowered interest rates are available for eligible customers who finance sustainable products, such as EVs and hybrids. Tesla prepares for $1.8
BlueCruise, which enables hands-free driving on highways, now will be available with the choice to experience the technology with a complimentary 90-day trial since all Mustang Mach-E SUVs will be built with the necessary hardware for the capability. The GT Performance Edition is now available with optional all-season tires.
These will include flexible financing, short-term rentals, and full-service leases, such as all-inclusive truck-as-a-service options with enhanced incentives and fueling support. Dealers and their financing partners, leasing and rental companies, or truck-as-a-service providers can serve as providers.
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.
Additionally, the board was briefed on additional funding the Legislature recently made available for clean car, truck and bus programs. million to help California consumers purchase plug-in hybrid and zero-emission cars and light trucks. ARB expects vouchers to become available at participating dealerships beginning this December.
A range of financing options and maintenance services will also be offered. The HYVIA hydrogen refueling stations will be available to rent or purchase and are guaranteed to be simple and safe to use. These vehicles are built on a Dual Power architecture: powered by both electrical and hydrogen-based energy.
The Empulse and Empulse R will cost $16,995 and $18,995, respectively, with financingavailable from Sheffield Financial. Through this financing, customers will be able to purchase the new Empulse and Empulse R from Brammo dealers as follows: Empulse: 8.9% financing for 60 month at $334 and 3.9% Empulse R: 8.9%
Tesla and Origence, which describes itself as the leading credit union technology company in the United States, have announced a partnership that will allow the automaker to offer car buyers financing through a credit union when ordering a vehicle through the company’s website. I’d love to chat!
However, the deals available on 2024 model year vehicles (which still look to be widely available) are even greater. From CarsDirect : Just as before, Stellantis Financing continues to offer a special financing rate of 1.9% The first one includes 0 [percent] APR financing for 72 months plus $3,000 in bonus cash.
The Pro joins E-Transit in the lineup of Ford work-ready electric vehicles, backed by a nationwide network offering EV-certified fleet sales, service and financing. Available 9.6-kilowatt —Ted Cannis, general manager, Ford North America commercial business.
Tesla has started promoting a 1.99% APR financing offer for the Model 3 and Model Y in the United States. As could be seen in the Model 3’s order page , the 1.99% APR financing offer is available for the Model 3 Long Range Rear Wheel Drive (RWD), Model 3 Long Range All Wheel Drive (AWD), and the Model 3 Performance.
According to the terms of the Cooperation Agreement, Guangzhou GET Investment agrees to provide RMB 4 billion (US$586 million) in financing to help fuel XPeng’s growth as well as support the construction of a new smart EV manufacturing base for XPeng in the Guangzhou Economic and Technological Development Zone.
Available both in standard and articulated versions (9.5, The purchase has been partially financed with contributions from the NRRP (National Recovery and Resilience Plan), the Complementary Funds and the NSPSM (National Strategic Plan for Sustainable Mobility). IVECO BUS, a brand of Iveco Group N.V.,
The more powerful R/T Scat Pack is available for $399 per month with $4,429 down. Dodge is offering a $3,000 incentive and zero-percent financing for purchases, which could make them a good deal for some buyers. It also requires a hefty down payment of $4,579, and some buyers will pay more in taxes and other fees.
Fisker has announced that through its mobile app, customers will soon be able to finance their vehicle via a partnership with JPMorgan Chase Bank in the US or Santander Bank in Europe. In addition to finance, the app will also be updated to allow customers to make other purchases. Shoot me an email at william@teslarati.com.
ALTe has pledged to develop an electric vehicle fleet purchasing system by which fleet customers can consolidate the entire electric vehicle decision-making process in one simple web-based interface.
Many electric tractor trailers would be affected by additional battery weight, reducing the available payload capacity, and this cost can be substantial. Light-duty vehicle taxes and fees are comparable across powertrain types and size classes, though marginally higher registration fees exist for alternative fuel vehicles in many states.
Three ID.Buzz variants are available for order in the UK: the ID.Buzz Life, ID.Buzz Style, and the ID.Buzz 1st Edition. The features of each variant are in the infographic available below. Buzz now available for order in the UK appeared first on TESLARATI. The ID.Buzz Life is the base variant, costing £57,115 ($67,744.10).
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
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.
Used-car buyers can now find nearly as many offers and choices as those looking for a new one, thanks to the huge popularity of car financing. Just remember to run a car history check before financing the vehicle to ensure it’s worth the money. Car dealerships may have the best financing deals. Dealer Finance for Used Cars.
The new “sale&care model” offers customers an opportunity to buy, finance or lease the vehicle and to rent the battery for a monthly fee. Purchase, financing or leasing of the vehicle including the battery is also possible. Prices in Germany (including 19% VAT). smart fortwo electric drive.
has reached agreement with trucking firms to lease or purchase more than 250 new heavy-duty trucks, fueled by its Redeem RNG (renewable natural gas). In addition, truck fleets financed or purchased through Zero Now will be able to purchase Redeem fuel with a fixed discount to diesel at a significant spread.
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.
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.
The existing CVRP program will continue to accept applications while funding remains available. Once funding has been exhausted, the program will close to new applications, and updated information will be available on the CVRP website.
giving buyers up to seven years of financing for new car purchases. The shift, which adds an additional year to Tesla’s previously availablefinancing options, has a very specific reason for being added, according to CEO Elon Musk. Tesla has announced a new 84-month auto loan option for its customers in the U.S.,
The eVan insurance is available currently for eSprinter and eVito models and will also be available for the EQV (combined power consumption: 26.4-26.3 It is available to both private and business customers and can be purchased either independently when a vehicle is purchased or in combination with a leasing or financing agreement.
whereby Vitol would purchase 100% of the gasoline produced from MBFP’s industrial gasification and liquefaction facility located near. to purchase the CO 2 for use in their EOR operations. DKRW Advanced Fuels LLC subsidiary Medicine Bow Fuel & Power LLC (MBFP), has entered into a contract with Vitol Inc., Medicine Bow, Wyoming.
Hero Electric ties up with HDB Financial Services for retail finance. Hero Electric on Wednesday said it has tied up with HDB Financial Services, a non-banking financial company (NBFC), to offer easy financing options for the purchase of electric scooters. For the latest electric vehicles news, follow electricvehicles.
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