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Bank of America introduces residential EV charger financing

Teslarati

BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. The option of letting consumers finance the chargers will ultimately fall into the hands of dealers and manufacturers, the company said. billion to build out a national network of EV chargers.

Financing 145
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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

Green Car Congress

Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. billion raised—up 63% on the previous year. The 2Q figure, at $3.9

Financing 243
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A dealership marked up a Hyundai IONIQ 5 N’s price by $20k

Baua Electric

Photo: Hyundai Hyundai just released the IONIQ 5 N’s price just a couple weeks ago, and a California dealer has already marked the MSRP up on the automaker’s newest, most powerful EV by $20,000. Sales/finance manager were really disrespectful over pricing and me knowing about their allocations and being an Nfluencer.

Hyundai 52
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J.D. Power: new-vehicle transaction prices hit all-time high despite rising interest rates; sales volume constrained as inventory stays flat

Green Car Congress

However, from a profitability standpoint, the first half of 2022 has set records for both retailers and manufacturers as vehicle prices continue to rise, manufacturer discounts get ever smaller and retailer margins set new highs. increase in transaction prices. increase from 2021. for the first six months, down from 7.1%

Sale 186
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Fisker adds new US dealer and several more in Europe as extreme price cuts take effect

Baua Electric

After announcing massive price cuts on its Ocean electric SUV last month, Fisker looks to grow its dealer network. Fisker adds new dealers as price cuts roll out After missing an interest payment and expressing “substantial doubt” in its ability to continue operations in March, Fisker announced it paused production for six weeks last month.

Fisker 52
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Nornickel, Rosatom and FESRC to design and build LNG-icebreaker to escort Nornickel ships along Northern Sea Route

Green Car Congress

The parties will form a working group to develop terms of reference for the LNG icebreaker design and construction, select a shipyard, and consider financing options. The new LNG icebreaker will enable Nornickel to replace the Taimyr-type vessel that will be decommissioned in 2027–2029.

Design 195
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RWE and ArcelorMittal intend to build and operate offshore wind farms and hydrogen facilities for low-emissions steelmaking

Green Car Congress

Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany.

Wind 195