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Nikola Tre FCEV receives CARB ZEP Executive Order for HVIP eligibility; $240,000 base incentive per truck

Green Car Congress

Nikola Corporation has received a California Air Resources Board (CARB) Zero Emission Powertrain (ZEP) Executive Order that is a requirement for Nikola’s Tre hydrogen fuel cell electric vehicle (FCEV) to be eligible for CARB’s Hybrid and Zero Emission Truck and Bus Voucher Incentive Project (HVIP) program.

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Elon Musk, Twitter reach agreement for sale of social media platform

Teslarati

The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022 , which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.” with Wilson Sonsini Goodrich & Rosati, Professional Corporation and Simpson Thacher & Bartlett LLP serving as legal counsel.

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Hertz announces ‘strategic decision’ to slash EV fleet

Teslarati

The EVs that Hertz has put up for sale will “remain eligible for rental” until they ultimately sell. Hertz said that a portion of the proceeds from the sale will go into the purchase of combustion engine vehicles, which are being utilized at a higher demand. ” Hertz inked a $4.2 ” Hertz inked a $4.2

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Honda targeting 100% BEV & FCEV sales in N America by 2040; new e:Architecture EVs coming in second half of this decade

Green Car Congress

Honda last week announced key targets for sales of electrified vehicles in North America, with a plan to make battery-electric and fuel cell electric vehicles (BEVs and FCEVs) to represent 100% of its vehicle sales by 2040, progressing from sales of 40% by 2030 and 80% by 2035. Advanced Battery Technology.

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Toyota and Subaru jointly to develop BEV-dedicated platform and BEV SUV

Green Car Congress

Toyota Motor Corporation and Subaru Corporation disclosed today that they have agreed jointly to develop a platform dedicated to battery electric vehicles (BEVs) for midsize and large passenger vehicles and jointly to develop a C-segment-class BEV SUV model for sale under each company’s own brand.

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Bezos Bucks? Get Ready for Corporate Digital Currency

Cars That Think

Corporate Cash The idea of private digital currencies goes back to at least 1994, when the late Edward de Bono wrote of the “IBM dollar.” In de Bono’s vision, “large manufacturing corporations” should create their own currencies, which could be used to buy their products. The first involves the Amazon platform.

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Hertz says it will invest some of proceeds from selling Tesla cars back into gas cars

Baua Electric

Back in 2021, Hertz announced an important effort to electrify its fleet of rental cars, led by a massive purchase of 100,000 Tesla Model 3 vehicles. The Company expects to reinvest a portion of the proceeds from the sale of EVs into the purchase of internal combustion engine (“ICE”) vehicles to meet customer demand.

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