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Researchers at Argonne National Laboratory, with colleagues from Lawrence Berkeley, Oak Ridge, and National Renewable Energy labs, and the University of Tennessee, have published a comprehensive analysis of the total cost of ownership (TCO) for 12 sizes of vehicles ranging from compact sedans up to Class 8 tractors with sleeper cabs.
has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. Gevo fully funded the RNG Project’s development costs and 100% of its equity capital from cash reserves. The RNG Project will generate RNG captured from dairy cow manure.
National Electric Vehicle Sweden (NEVS), the company resurrecting the Saab brand ( earlier post ), has halted production of its vehicles (currently at 6 units per day) while it sorts through financing issues and aligns its strategy with new OEM partners. NEVS also cut back on its hired consultants.
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Project VGV uses surplus electricity generated by renewable and nuclear sources to produce hydrogen via electrolysis.
Fuji Electric Corp. to offer Financing Programs on their DC Quick Charging Stations for Electric Vehicles. The program offers zero-down, zero-interest financing in an effort to offset the cost of equipment and encourage small businesses to install charging stations at their sites. Earlier post.)
Based on an analysis of various cost of ownership scenarios for various drivetrains, including internal combustion engine (ICE) gasoline and diesel; hybrid (HEV); battery-electric (EV); plug-in hybrid electric (PHEV); and fuel cell vehicles, Lux Research concludes that fuel cell vehicles (FCVs) are “ solidly in a laggard position. ”.
Lightning eMotors has announced a new model of its Class 3 Lightning Electric Transit Van. The new, longer-range Lightning Electric Transit Van is the fourth generation of its battery-electric and fuel cell electric platform, based on the Ford Transit 350HD chassis. —Tim Reeser, CEO of Lightning eMotors.
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Workhorse Group Inc., —Workhorse CEO Steve Burns. In addition to closing the Marathon loan facility, Workhorse continues working in partnership with Duke Energy Corporation.
Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.
Denmark leads the way when it comes to putting zero-emission urban buses on the streets in Europe, with 78% of new vehicles being electric, according to the latest data from green NGO Transport & Environment. In 2019, less than 10% of their newly-registered urban buses were electric or hydrogen.
Consumers who purchase an electric vehicle will find that lifetime costs to own the vehicle are competitive with conventional and hybrid vehicles, according to an analysis conducted by the Electric Power Research Institute (EPRI). —“Total Cost of Ownership for Current Plug-in Electric Vehicles”.
DOE also announced the “America’s Most Affordable Rooftop Solar” competition to aggressively drive down the cost of rooftop solar energy system as well as $8 million in awards to nine small businesses to lower the cost of financing, permitting, and other “soft costs,” which can amount to nearly half the cost of residential solar systems.
Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021. In September 2019, Hyundai and Cummins Inc. Earlier post.).
are partnering to make solar power more affordable and available to Honda and Acura customers in the US, providing a cleaner source of electricity at a lower cost than utility-supplied power. SolarCity and American Honda Motor Co., A 20-year lease or power purchase agreement term applies. each year for 20 years, on approved credit.
Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). The design significantly increases reliability, maximizes performance, and reduces total cost of ownership.
Reducing the cost of electric vehicles. The demand incentive for electric two-wheelers has been increased to Rs. 10,000/KWh with an increase in cap from 20% to 40% of the cost of the vehicle from 11th June 2021, thus enabling the cost of Electric two-wheelers at par with that of ICE two-wheeler vehicles.
The Electrification Coalition has introduced its EV Policy Showroom, offering policymakers, EV advocates, industry partners and other stakeholders online access to easily navigable data and policy information on the deployment and adoption of electric vehicles and charging infrastructure.
A new study published by US Department of Energy’s (DOE) Argonne National Laboratory offers the most complete understanding yet of the costs of owning and operating a vehicle, and how those costs vary by powertrain, from the conventional to the cutting-edge. Overall, hybrid electric vehicles tend to be the lowest-cost powertrain.
SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The companies have also collaborated on advanced projects that demonstrate the full potential of distributed renewables combined with plug-in electric vehicles, including Honda Smart Home US. Earlier post.)
The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019.
In step two, a 20 MWh battery pack will be connected to the propellers; Stena Jutlandica will be able to be operated on electricity within around 10 nautical miles, equal to the distance between Göteborg and Vinga Lighthouse. The first phase of the project is supported and financed by half by the Swedish Transport Administration and the EU.
With the launch of the Tiago.ev, India’s first electric hatchback, the nation can take a giant leap forward in the quest for safe, clean and green mobility. and Tata Passenger Electric Mobility Ltd. —Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd.,
Commercial electric vehicle manufacturer Smith Electric Vehicles Corp. We have instead elected to pursue private financing opportunities to support the execution of our business plan. has decided not to pursue its planned initial public offering. —Bryan Hansel, Smith’s CEO.
Adding another school district fleet electrification program to its growing list of customers, AMPLY Power has been selected to manage the charging of electric school buses for the Palermo Union Elementary School District in Northern California. The cost of electricity without managed charging could be as high as $0.20/kWh.
Owning a plug-in electric vehicle today will save consumers thousands of dollars compared to owning a gas-powered vehicle, according to a new analysis by Consumer Reports comparing electrics to CR’s top-rated vehicles, as well as the best-selling, most efficient, and best-performing gasoline-powered vehicles on the market.
In countries that choose to continue or increase their use of nuclear power, it can reduce reliance on imported fossil fuels, cut carbon dioxide emissions and enable electricity systems to integrate higher shares of solar and wind power.
Bank of America made a drastic step forward today to make at-home residential electric vehicle chargers an easier purchase for car buyers. BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. With the nationwide EV outlook expected to reach 26.4
Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. One barrier is the cost of owning an electric vehicle versus a cheaper, comparable gasoline-engine vehicle.
The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO). million sold in 2021 to 21 million in 2025.
Sales of plug-in vehicles (PEVs) in 2013 will continue to outpace the first years of hybrid vehicle sales as more than 210,000 PEVs will be sold globally and more than three dozen PEV models will debut, according to a year-end free whitepaper published by Pike Research, that makes 10 specific predictions about electric vehicles in 2013.
PACCAR is collaborating with Faith Technologies and Schneider Electric to provide a charging infrastructure package solution for customers that purchase battery electric Kenworth and Peterbilt heavy- and medium-duty trucks in the United States and Canada. PACCAR electric charger with Kenworth K270E and Peterbilt Model 220EV trucks.
Fisker is pricing its new Ocean electric SUV with an MSRP of US $37,499. After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). Fisker will also offer a “$0 drive off” option through a fully financed $2,999 down payment for credit-approved customers.
Electric vehicles (EVs) have become a political lightning rod. Even assuming the regulations scenario with the most EVs , in the final year of the standards, only 56% of new passenger vehicle sales are expected to be all-electric. The upfront cost of all new vehiclesgas or electricis high, which is why most people buy used vehicles.
By switching from diesel-fueled propulsion to fully electrically powered transport, an important step can be taken towards realizing the Paris Climate Agreement goals. To make it easier for barge operators to sign-on to the concept, a ‘pay-per-use’ financing model has been developed. Barge power usage varies from 500 to 1000 kW.
Octillion Power Systems, a global provider of advanced lithium-ion storage systems for electric mobility ( earlier post ), announced a new demonstrator program for battery-leasing that allows batteries to be leased to fleet customers when they purchase vehicles. Access to the program will be on a first-come, first-served basis.
Electreon, a provider of wireless and in-road electric vehicle (EV) charging technology, signed an agreement of cooperation with Israel public transportation company Electra Afikim. The ministry was a partner in arranging the parking lot for electric charging with the Rosh HaAyin municipality, and invested about $2.9
The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. The report calculates the cost of producing electricity from different types of new power plants. The report calculates the cost of producing electricity from different types of new power plants.
The technology, invented by scientists at the University of Wollongong, is now being commercialized by Hysata , with backing from IP Group and the Clean Energy Finance Corporation (CEFC). Hodges et al. kWh/kg, compared to 75 percent or less for existing electrolyser technologies.
The New Terminal One will have what its creators have said is the largest solar array at any US airport, which will power a fleet of electric vehicles used at the terminal both landside and airside. MWh of battery energy storage to balance electrical demand and improve power quality. MW of fuel cells and 1.5 MW of fuel cells and 1.5
However, with improving maturity of technology, total cost of ownership, government incentives and regulations, there will be more than four million zero emission heavy vehicles deployed by 2030. Unlike passenger cars, full electrification of heavy vehicles is still at a nascent stage.
For proft, not-for-proft, or nonprofit contractors that have the capacity to sell clean school buses, zero-emission buses, charging or fueling infrastructure, or other equipment needed to charge, fuel, or maintain clean or zero-emission school buses; or arrange financing for such a sale. Non-profit school transportation associations.
We are already making measurable progress, which will continue to have a noticeably positive impact on earnings—whether in terms of sales, the cost of materials or indirect purchasing. —Nicolas Peter, Member of the Board of Management of BMW AG, Finance. The next generation of the BMW 7 Series will mark a new milestone.
Enedym, a switched reluctance motor (SRM) spinout from McMaster University, closed a $15-million financing round from an international group of strategic investors within the US, Canada, Europe, and India, including P&A Paletta Giving Inc., TRIO Capital Group Inc., Napino Group, KWG Capital Inc., Earlier post.). Earlier post.).
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