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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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UK accelerates end of sale of new gasoline and diesel cars to 2030, hybrids to 2035

Green Car Congress

582 million (US$773 million) in grants for those buying zero or ultra-low emission vehicles to make them cheaper to buy and incentivize more people to make the transition. To support the acceleration to electrification, the Prime Minister announced: £1.3 billion (US$1.7

Gasoline 304
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Government of Canada to buy Trans Mountain Pipeline System and Expansion Project for C$4.5B, resume planing and construction

Green Car Congress

This expansion would increase daily capacity from 300,000 to 890,000 barrels, while improving market access to the US Pacific Coast and Northeast Asia. —Bill Morneau, Minister of Finance. The Trans Mountain Expansion Project was originally proposed as a way to deliver more Canadian oil resources to international markets.

Canada 199
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Failure to equalise VAT on public charging a missed opportunity

My Energi

Citing concerns surrounding ‘additional pressure on public finances’ and ‘limitations surrounding legal and fiscal considerations’, ministers also rejected calls to reinstate EV purchase grants – a scheme that proved vital in supporting the growth of the electric car market before its closure in June 2022.

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Cars24 registers 42% used car sales growth in CY23, five-fold growth in EV inquiries | Autocar Professional

Baua Electric

Technology-led used-car buying and selling platform Cars24 has announced registering a 42 percent year-on-year (YoY) growth in the sales of used cars in CY23. The company also registered a five-fold growth in the inquiries for used EVs last year, thereby indicating the market’s interest towards cost-effective and sustainable mobility options.

Sale 52
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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

Buying a new car is one of the most significant purchases you’ll likely make in your life, so you want to make sure you’re getting the best deal available. Qualified residents can receive grants of up to $5,000 in buy-down assistance and special financing, plus free vehicle charging and installation.

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Study finds government and vehicle manufacturers need to introduce long-term incentives and prices cuts to create sustainable market for ultra-low emission vans

Green Car Congress

Governments and vehicle manufacturers will need to introduce long-term incentives and price cuts to create a sustainable European market for ultra-low emission vans (ULEV), according to a newly published report by Element Energy, commissioned by the UK Department for Transport. Fuel cell system cost projections over time and volume.

Emissions 231