article thumbnail

DOE not proceeding with ATVM loan for Carbon Motors; company exploring strategic and financing alternatives

Green Car Congress

Carbon Motors Corporation, developer of a diesel-engined law enforcement vehicle ( earlier post ), announced that the US Department of Energy (DOE) has indicated that it will not proceed with Carbon’s $310 million application for a direct loan under the Advanced Technology Vehicle Manufacturing (ATVM) program. —William Li.

Financing 231
article thumbnail

MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

Green Car Congress

In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050). —Karplus et al. Paltsev, M.

article thumbnail

Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Earlier post.). Reducing barriers to investment in energy efficiency.

Obama 249
article thumbnail

Magnetic eCVT could replace conventional hybrid mechanical eCVT with likely 1-2% fuel economy improvement and other benefits

Green Car Congress

million) was provided by IP Group which was matched by Finance Yorkshire. In 2012 Magnomatics secured £2.5 million (US$4.1 million) funding to develop magnetically geared motors and generators for the hybrid and electric vehicle market. million (US$1.7 Fusion IP also invested £366,000 (US$602,000) in the technology. MAGSPLIT principle.

article thumbnail

Study concludes California economic growth and employment will rise with the degree and scope of transport fuel efficiency standards

Green Car Congress

The macro results for four scenarios showed that economic growth and employment rise with the degree and scope of transport fuel efficiency standards. Fuel economy and emissions measures in the vehicle sector will expand incomes and jobs in the same way.Generally speaking, the most robust finding of this study.is

Standards 218
article thumbnail

CEPS task force report identifies tightening emissions standards as key policy to hit EU 60% reduction in transport GHG; full life-cycle emissions optimal metric

Green Car Congress

The report argues that the biggest component of total transport reductions could come from more energy-efficient vehicles, combined with the gradual introduction of low-carbon fuels and new engine technologies. The report identified five main technology paths towards low-carbon transport. —CEPS report.

Emissions 210
article thumbnail

ADB Transport Forum: shift to greener transport in Asia key to global sustainability; investment of $2.5T needed by 2020

Green Car Congress

Without a change in current transport development patterns in Asia, global carbon dioxide emissions and fuel prices will keep rising, with consequences for climate change, energy security, and economic growth. However, Asia’s needs are vast, with estimated investments of $2.5

Asia 218