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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”.

Financing 221
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California adds $72.5M for cleaner diesel trucks, deployment of advanced vehicle technologies

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The California Air Resources Board (ARB) announced an additional $72.5 The Air Resources Board will move $8 million from other clean vehicle projects into ARB’s Truck Loan Assistance Program. This program provides vouchers of up to $55,000 to help California fleets purchase cleaner, advanced technology trucks and buses.

Cleaner 246
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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. thousand in 2017.

Coal 243
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CARB approves $2.6B investment for clean cars, trucks, mobility options

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The California Air Resources Board approved a $2.6-billion Supported projects range from incentives for cleaner trucks and buses, and mobility options such as bike- and car-sharing, to consumer rebates for clean cars. Support for commercial harbor craft: Dedicates $60 million for cleaner commercial harbor craft.

Clean 326
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Direct lithium extraction company EnergyX secures $20M in funding commitments

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(EnergyX) has secured commitments of $20 million in financing. In 2020, EnergyX announced a pilot partnership with Orocobre Limited ( earlier post ) to deliver high-quality and comprehensive solutions that will lead to a cleaner, more efficient lithium extraction. Earlier post.)

Companies 448
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California to transition clean vehicle rebate program to helping low-income residents

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The California Air Resources Board will transition its existing Clean Vehicle Rebate Project (CVRP) program to a new program targeting low- and middle-income Californians. The existing CVRP program will continue to accept applications while funding remains available.

Clean 271
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California to receive more than $236M to support transit agencies’ transition to zero-emission buses

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This funding comes from DOT’s Buses and Bus Facilities Program and Low or No Emission Vehicle (Low-No) Program, helping transit agencies purchase and lease new, cleaner vehicles and renovate and construct the infrastructure needed for zero-emission transit vehicles. Cleaner Transportation in the Coachella Valley. City of Fresno.