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Nikola announces $200M convertible senior notes investment; approx. $1B cash and liquidity position

Green Car Congress

The notes will be convertible at an initial conversion price to be determined prior to closing. Upon conversion, Nikola will have the right to settle the Notes in cash, shares, or any combination thereof at its election. Davis Polk & Wardwell LLP served as legal advisor to Citigroup Global Markets Inc.

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New Study Suggests Sustainability Principles for California Low Carbon Fuel Standard

Green Car Congress

A new study by researchers at the Institute of Transportation Studies, University of California Davis, examines a range of sustainability requirements for biofuels and considers a possible framework for implementing the LCFS sustainability provision.

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How to Get a Plug-In Hybrid

Tony Karrer Delicious EVdriven

Conversions are mostly for the Prius, with a few for the Ford Escape/Mercury Mariner hybrid SUVs. At that point, we expect the aftermarket companies prices to have come down sufficiently so that their conversions will be attractive to owners of hundreds of thousands of hybrids already on the road. So far, most start as hybrids.

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National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

Green Car Congress

California’s original approach to heavy carbon oils resulted in a legal challenge that is still pending; the EU’s adoption of a similar approach has resulted in protracted discussion and negotiation with Canada that has yet to be resolved, either.).

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