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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”.

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Pennsylvania DEP awards nearly $517,000 in clean diesel grants

Green Car Congress

The Pennsylvania Department of Environmental Protection (PA DEP) awarded $516,637 in clean diesel grants to four organizations. Recent monitoring indicates these counties’ particulate matter levels are meeting the standards, but continuous compliance must occur before EPA will grant an attainment designation.

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Obamas budget proposes terminating Diesel Emissions Reduction Act grant program

Green Car Congress

Among the many program terminations, reductions and savings outlined today in the president’s budget is the proposed termination of the US Environmental Protection Agency’s Diesel Emissions Reduction Act grant program. Enacted funding for the program in 2010 was $60 million. In addition, $7.1

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EPA Awards $20M in Recovery Act Funding for Clean Diesel Finance Program

Green Car Congress

The US Environmental Protection Agency (EPA) announced three recovery act grants totaling $20 million in funding for the SmartWay Clean Diesel Finance Program. These recovery act grants will fund the purchase of new, cleaner or retrofitted vehicles and equipment.

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European Investment Bank and PSA Peugeot Citroën Sign €200M Loan Agreement for the Development of Plug-In Hybrids

Green Car Congress

The European Investment Bank and PSA Peugeot Citroën signed a €200-million (US$259-million) loan agreement to finance the carmaker’s program to develop plug-in hybrid vehicles. The loan was granted under the European Clean Transport Facility (ECTF) financing program, one of the EIB’s measures for stimulating the European economy.

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UK unveils new plan to cut NO2; sale of new conventional gasoline and diesel cars to end by 2040; focus on local action

Green Car Congress

Among the many policy and funding details in the UK Plan for Tackling Roadside Nitrogen Dioxide Concentrations , produced by Defra and the Department for Transport is the cessation of the sale of all new conventional gasoline and diesel cars by 2040. 11M – Air Quality Grant. —UK plan for tackling roadside nitrogen dioxide.

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California ARB staff holding public workshop to discuss preliminary recommendations for $100M in Prop 1B funding to reduce freight emissions

Green Car Congress

Local agencies apply to ARB for funding, then those agencies offer financial incentives to owners of equipment used in freight movement to upgrade to cleaner technologies. Projects funded under this Program must achieve early or extra emission reductions not otherwise required by law or regulation.