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

Green Car Congress

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 program was originally designed to encourage the early adoption of emerging technology, and its goal was to accomplish a 16% market share for clean vehicles.

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EPA launches first $500M funding opportunity for $5B Clean School Bus Program

Green Car Congress

EPA’s new Clean School Bus Program will provide $5 billion over the next five years (FY 2022-2026) to replace existing school buses with zero-emission and low-emission models. The Agency will also launch a grant competition later this year. Further Clean School Bus competitions will be run every year over the next five years.

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

Green Car Congress

million grant as part of its Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program. Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets.

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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.

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DOE awards $165M GEODE grant to consortium to accelerate development of geothermal by leveraging oil and gas industry

Green Car Congress

The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gas industry.

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DOE announces $15.5B package primarily focused on retooling existing factories for EVs

Green Car Congress

This includes making available $2 billion in grants and up to $10 billion in loans to support automotive manufacturing conversion projects that retain high-quality jobs in communities that currently host these manufacturing facilities. The US Department of Energy (DOE) announced a $15.5-billion

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California ARB directs additional clean vehicle rebates to lower-income families

Green Car Congress

The California Air Resources Board (CARB) is making additional clean vehicle rebates available for lower-income consumers. A cornerstone of CARB’s suite of EV-purchase incentives, the Clean Vehicle Rebate Project (CVRP) is the nation’s largest and longest-running EV incentive program.

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