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ABI Research projects worldwide commercial EV market to surpass US$680B by 2027

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According to global technology intelligence firm ABI Research, the worldwide commercial Electric Vehicle (EV) market is projected to grow from US$30.7 This market valuation refers to the total industry-wide global revenues derived from all commercials EVs sold yearly. billion in 2020 to more than US$682 billion by 2030.

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NREL announces $18M investment in 9 new projects to advance medium- and heavy-duty natural gas vehicle technologies

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The selected projects will focus on reducing the total cost of ownership of NGVs, increasing vehicle efficiency, decreasing local air pollution, and advancing technology development to increase the use of more affordable medium- and heavy-duty natural gas engines and vehicles. Plug-in Hybrid CNG Drayage Truck “PHET”.

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GM and Honda to establish industry-first $85M joint fuel cell system manufacturing operation in Michigan

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Over the past three years, GM and Honda have been collaborating on next-generation fuel cell and hydrogen storage systems, aiming at commercialization in the 2020 time frame. With the next-generation fuel cell system, GM and Honda are making a dramatic step toward lower cost, higher-volume fuel cell systems. Earlier post.).

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Torotrak and Univance enter cooperation and license agreement for variator components and assemblies

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The arrangement supports the industrialization of Torotrak technology in both the commercial vehicle (on- and off-highway) markets, as well as the passenger car markets. It allows a reliable production source of cost-effective and quality validated parts or sub assemblies. Major customers of Univance are: Nissan Motor Co.,

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CNG industry sales jump 38% to 940,000 units in first 11 months of FY2024 | Autocar Professional

Baua Electric

In terms of numbers, particularly for light goods carriers, has been impacted by the transition to electric vehicles,where the lower cost of ownership, compared to CNG, is driving demand from last-mile mobility and logistics operators. per kg is attributed to a reduction in gas input costs. However, this number is down 22% YoY.

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California Energy Commission awards more than $2.6M for natural gas vehicles

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These awards help to pay the difference between the cost of conventional gas- or diesel-powered vehicles and new ones that use propane or natural gas. The vehicles are manufactured by Anaheim-based Isuzu Commercial Truck of America Inc. Nations Bus Corp.

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California Energy Commission awards more than $15M to advance biofuels, plug-in and V2G research

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This award helps to fulfill a cost-sharing target for the recipient's $122 million award from the Department of Energy. The evaluation will consider the impacts, processes, market effects and costs of the program, and will help to guide future program efforts. Electricore Inc. Electricore Inc.,