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Lithium-ion battery recycler ABTC expands operations and capacity with newly purchased facility

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This rapid growth in demand has been further amplified with the passage of the “Inflation Reduction Act” (IRA) in the Fall of 2022, which includes mechanisms to incentivize electric vehicle manufacturers and consumers to purchase electric vehicles (EVs) that source battery metals from domestic manufacturers.

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H2X Global secures US$57M from Verde Mobility to deliver on US$300M in fuel cell vehicle orders

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Australia-based hydrogen fuel cell vehicle company H2X Global recently secured a US$57-million deal with US-based firm, Verde Mobility Inc., The funds will also support H2X Global’s planned listing on the London Stock Exchange. to fastrack H2X’s delivery of 800 hydrogen-powered vehicles.

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IDTechEx forecasts global production of electric LCVs to exceed 2.4M units annually by 2030

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In a new report, “ Electric Vans 2020-2030 ”, UK-based IDTechEx forecasts that global production of electric LCVs will exceed 2.4 European Light Commercial Vehicle Sales 2018. IDTechEx says that the light commercial vehicle market is uniquely positioned to rapidly transition to electric vehicles. million units annually by 2030.

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GEM commits to invest up to $100M in Skyworks Aeronautics; commercialization of eVTOL gyroplanes

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announced a $100-million investment commitment from GEM Global Yield LLC SCS, a Luxembourg-based private alternative investment group. Concurrent with a public listing of Skyworks Aeronautics shares, Skyworks Aeronautics will issue warrants to GEM to purchase up to 3% of the common stock of the company. Skyworks Aeronautics Corp.

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Is the Depreciation Cost of Electric Vehicles the Same as Conventional Vehicles?

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  In this, we will explore whether the depreciation cost of EVs is the same as that of conventional vehicles and the basics of the factors involved in depreciation for any type of vehicle. It is a significant consideration for both personal and commercial vehicle owners, as it affects the resale value and trade-in potential.

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UPS collaborating with Workhorse to deploy 50 electric trucks; rivaling acquisition cost of conventional; no subsidies

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—Carlton Rose, President, Global Fleet Maintenance and Engineering for UPS. Since most of the maintenance costs of a vehicle are associated with the engine and related components, UPS expects the operating cost of the new plug-in electric vehicle to be less than a similarly equipped diesel or gasoline vehicle. in 2016.

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Gevo signs definitive supply agreement with HCS Holding for commercial supply of renewable isooctane

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HCS is a leading global supplier of high-quality hydrocarbon specialty products. The Supply Agreement has two phases: In the first phase, HCS will purchase isooctane produced at Gevo’s demonstration hydrocarbon plant located in Silsbee, Texas. Gevo estimates that this could generate up to $2-3 million of gross revenue per year.

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