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ADB leads $135M climate financing package for VinFast e-bus fleet and EV charging network in Vietnam

Green Car Congress

The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.

Vietnam 195
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Niron Magnetics secures $17.5M ARPA-E SCALEUP grant to boost production of FeN magnets

Green Car Congress

Niron Magnetics, a developer of high-performance, rare earth-free permanent magnets ( earlier post ), announced that the US Department of Energy’s (DOE) Advanced Research Projects Agency – Energy (ARPA-E) has awarded the company a $17.5-million Earlier post.).

Grant 345
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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

Green Car Congress

Tesla in Berlin, Northvolt in northern Germany and Italvolt near Turin are among the projects that stand to lose the greatest volumes of their slated capacity as the companies weigh up investing in the US instead. Battery production capacity equivalent to 18 million electric cars—1.2 Europe must act or risk losing it all.

Companies 430
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LEVC Announces £1500 Finance Deposit Contribution On All New TX Taxi Models

CleanTechnica EVs

New campaign fully offsets the reduction in the Plug-in Taxi Grant (PiTG) which came into effect from April 2024 It is available on all new TX taxi models across all finance types offered by LEVC Financial Services with zero customer deposit and at a subsidised finance rate of 10.51% APR.

Taxi 102
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EV Life is awarded CalSEED grant from the California Energy Commission to make financing electric cars cheaper than gas vehicles.

EV Life

The grant will fund the development of a fintech platform to empower EV buyers to save up to $200/month on electric vehicle loans. EV Life, a car site dedicated exclusively to electric vehicles, announced that it was 1 of 28 companies to win a CalSEED grant from the California Energy Commission (CEC).

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Europe’s Most Financed Luxury Car Brand

EV Info

Latest research from Specialist Car Finance Experts, Forza Finance , has revealed that BMW is the most popular luxury car brand to finance in 16 of Europe’s 44 countries including the UK & Ireland based on finance rather than sales or units. Forza – Car Finance Map of Europe Infogram.

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True Zero expands its hydrogen station network with $26.6M in grants from the California Energy Commission

Green Car Congress

Last week True Zero, the retail brand of hydrogen stations developed, owned, and operated by FirstElement Fuel, was selected by the California Energy Commission to build 12 new hydrogen stations in the Commission’s latest round of grant awards to help build out California’s retail hydrogen network. —Joel Ewanick, CEO of True Zero.

Grant 150