Remove Carbon Remove Coal Remove Purchase Remove Taxi
article thumbnail

Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

Green Car Congress

million in Carbon Recycling International (CRI). The investment consists of an initial investment and additional purchases of CRI equity over a 3-year period. Renewable methanol is also a low-carbon feedstock for production of synthetic materials. Zhejiang Geely Holding Group (Geely Group) will invest a total of US$45.5

Renewable 150
article thumbnail

MIT and IEA reports take different views of the future of natural gas in transportation

Green Car Congress

Because of the lower carbon/hydrogen ratio of methane (CH 4 ) relative to gasoline, CO 2 emissions from the combustion of natural gas are approximately 75% of those of gasoline for a given amount of energy production. Recently enacted state low-carbon fuel standards (e.g., These include short-range, heavy-duty vehicles (e.g.,

MIT 299
article thumbnail

NYC Goes EV

Revenge of the Electric Car

From the article: ‘The New York study anticipates that by 2015, electric vehicle prices should decline because of reduced battery costs, that there will be a sufficient supply of electric vehicles to purchase, and that consumers will take advantage of the existing federal tax credit of $7,500 for new electric cars. Better Cars ….

article thumbnail

Using the PHEV (Plug-In Hybrid Electric Vehicle) to Transition Society Seamlessly and Profitably From Fossil Fuel to 100% Renewable Energy

Green Car Congress

The combination of harvesting whole forests and burning long-sequestered carbon sources such as coal or oil has impaired the Earth’s carbon cycle at an increasing pace. To restore balance we must protect the oxygen-producing biomass of Earth and reduce the amount of carbon emissions. But use of petroleum will continue.

PHEV 150
article thumbnail

Will China win the electric car race? The Green Piece

Green Cars News

Beyond manufacturing, subsidies of 50,000 yuan were offered to taxi fleets and local government agencies in 13 cities for each hybrid or electric vehicle they purchased, while research subsidies were also increased. Home field advantage.

China 49
article thumbnail

Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

One way or another, Sokol says, energy companies will need to produce more energy while emitting less carbon dioxide. tons of carbon dioxide. Department of Energy has purchased an F3DM to take the battery apart. Electric cars will be one answer. Two all-electric cars - the E3 and the E6 - will follow later this year.

BYD 62
article thumbnail

Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

The government will make direct grants to automakers (as we do, of course) and also provide “subsidies of up to $8,800 are being offered to taxi fleets and local government agencies in 13 Chinese cities for each hybrid or all-electric vehicle they purchase.”

Chinese 28