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New report showcases innovative finance tools to electrify truck, bus fleets; TCE Toolkit

Green Car Congress

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”.

Financing 221
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Moscow plans to buy 500 more electric buses in 2022

Green Car Congress

This year the Government of Moscow plans to buy 500 additional electric buses. Today nearly half of the Moscow e-bus fleet has been financed by green bonds. Moscow stopped buying diesel buses for the surface public transport operator in 2021. Most of them will be purchased with the funds from the green bonds.

Buy 273
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Park City Transit deploying six Proterra electric buses; battery-lease financing model

Green Car Congress

Park City Transit has deployed Utah’s first zero-emission, battery-electric mass transit fleet, which will include six Proterra Catalyst FC+ buses. With its deployment of Proterra vehicles, the Park City region will become the first mountain resort community in the United States to operate a highly efficient, battery-electric transit service.

Financing 186
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Canada’s BC Transit to buy ten 40' Proterra electric buses and megawatt-scale fleet charger

Green Car Congress

Proterra’s electric transit buses are equipped with the company’s Proterra Powered battery technology systems that have been chosen by world-class commercial vehicle manufacturers to electrify heavy-duty vehicles and equipment.

Fleet 199
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Daimler starts production of new smart fortwo electric drive; buy or lease the vehicle, rent the battery

Green Car Congress

kWh battery pack (from Deutsche ACCUmotive, Daimler’s JV with Evonik, earlier post ) enables the urban two-seater to travel approximately 145 kilometers (90 miles) in city traffic. 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.

Buy 320
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GE Capital to provide financing for electric motorcycle maker Brammo

Green Car Congress

GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. 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.

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Volvo Buses in project researching use of second-life electric bus batteries to store solar energy

Green Car Congress

Volvo Buses is participating in a research project in which used electric bus batteries are used as solar energy storage units. Batteries from electric bus route 55 in Gothenburg, Sweden are being used for solar energy storage in a second-life application. The battery warehouse consists of 14 used lithium-ion electric bus batteries.

Store 273