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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

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DOE LPO gives conditional $9.2B commitment to BlueOval SK for 3 battery plants for Ford EVs

Green Car Congress

Together, the plants, one located in Tennessee and two in Kentucky, will enable more than 120 GWh of US battery production annually. The project is expected to create a total of approximately 5,000 constructions jobs in Tennessee and Kentucky, and 7,500 operations jobs once the plants are up and running. Earlier post.)

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Ford cutting F-150 Lightning production workforce by two-thirds

Teslarati

The Michigan Assembly plant is getting a third shift as Ford continues to lean on gas vehicle sales to bolster its finances. I took a Ford F-150 Lightning to Tesla Superchargers: The Good and Bad According to the President of UAW Local 862 in Louisville, Kentucky, Todd Dunn, battery tech is the main holdup in why purchasing has slowed.

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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

Green Car Congress

Anovion, with its partners, collaborators and stakeholders, will build 35,000 tons per annum of new synthetic graphite anode material capacity for lithium-ion batteries used in electric vehicles and critical energy storage applications. The construction process will use established and approved processes for building new manufacturing sites.

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Carvana trends report: Used EVs narrow price gap with ICE cars, triggering sales growth potential

Baua Electric

In addition to car vending machines, Carvana facilitates vehicle trade-ins, financing, and used car sales in over 300 markets around the US, with the option for local pickup or home delivery of your used vehicle (hopefully an EV). Carvana has always sought to build an inventory that matches the tastes and preferences of our customers.

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US Fuels acquires coal-to-diesel IP for scalable plants near mine sites

Green Car Congress

Startup US Fuel Corporation (USF), which plans to design, build, own and operate scalable facilities near coal mine sites to convert coal into synthetic fuels, will acquire coal-to-diesel intellectual property (IP) that USF co-developed with an executive team consisting of Paul Adams and Steve Luck. Andrew Halarewicz, Sr.

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

Louisville Gas & Electric and Kentucky Utilities. Charging infrastructure financing: Unlocking Up $4.5 Among the actions announced are: Unlocking up to $4.5 This commitment signifies the beginning of a collaboration between the government and industry to increase the deployment of electric vehicle charging infrastructure.

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