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New IACMI collaboration to develop advanced carbon fiber for hydrogen, natural gas storage tanks; $2.7M DOE award

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million from the US Department of Energy (DOE) to develop and validate technology that will reduce the cost of manufacturing high-performance carbon fiber by 25% to make composite natural gas or hydrogen fuel tanks to power cars and trucks. The Institute for Advanced Composites Manufacturing Innovation (IACMI) will receive $2.7

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Aramco to explore hydrogen-powered vehicle business with Gaussin

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LAB7 aims to integrate Aramco’s composite materials into Gaussin’s existing range of products to reduce the weight, energy consumption and cost of these vehicles. The other agreements seek to further Aramco’s research and development in the areas of carbon capture technology, artificial intelligence and local manufacturing.

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Lyft commits to 100% EVs by 2030

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Although the upfront cost of EVs today is higher than gas-powered cars, EVs have lower fuel and maintenance costs that mean lower costs for drivers over the life of the vehicle. Lyft said that drivers renting cars through Express Drive currently save an average of $50-70 per week on fuel costs alone.

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Independent study confirms cost savings & emissions advantages for heavy-duty trucks running ClearFlame’s engine technology

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Ethanol’s shorter hydrocarbon chains (two-carbon atoms vs diesel’s twelve- carbon atoms) reduce or eliminate soot formation under typical engine conditions. ClearFlame’s cost per mile in this application is expected to be substantially lower than BEV and FCV platforms, primarily due to the high purchase costs of these platforms.

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Canadian startup launches INDIEGOGO funding campaign for low-cost electric self-charging solar tricycle produced in Pakistan

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The team projects that the high-efficiency vehicle will have a a minimum unit cost of only $1,400 to produce—the price of an average mountain bike—once the funding goal is reached. The VEGAN is a lightweight multipurpose hybrid electric-self-charging solar tricycle. The team has not yet produced a working demo for their concept.

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Hyliion launches Hypertruck Electric Range Extender; CNG genset; 1,000-truck pre-order

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The powertrain also produces electricity locally at roughly 30% less than the average grid cost, which yields a seven-year cost-of-ownership unmatched by any diesel, battery-electric (BEV) or hydrogen fuel-cell (FCEV) Class 8 truck under development.

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Stellantis and Saft reveal prototype of battery that integrates charger and inverter functions in battery modules; IBIS

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By developing an efficient and cost-competitive technology, the IBIS project offers the opportunity to reduce vehicle weight and the cost of EV powertrain and vehicle manufacturing, while offering a large number of new features.

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