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Gevo closes $68M Green Bond to finance RNG project

Green Car Congress

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. Some RNG may be used by Gevo as process energy in its Net-Zero 1 Project or Gevo’s other future Net-Zero projects. Gevo received approximately $9.3 Other related improvements.

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New report showcases innovative finance tools to electrify truck, bus fleets; TCE Toolkit

Green Car Congress

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”.

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Revamp Moto partners with loan providers for 2W financing solutions – ET Auto

Baua Electric

The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% and 15%, with a repayment period extending up to five years. and 15%, with a repayment period extending up to five years.

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FCA US reaches settlements on diesel emissions at estimated cost of $800M

Green Car Congress

The estimated total cost of settlements is $0.8 Customer compensation, the estimated future cost of the extended warranty and the cost of environmental mitigation efforts also account for approximately $400 million, bringingbthecestimated total to $800 million. 6 million to Customs and Border Protection.

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National Electric Vehicle Sweden halts production while it sorts out financing

Green Car Congress

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. Ltd, has not fulfilled its contractual obligation to finance the operations, NEVS said.

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BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

Green Car Congress

This also expresses our confidence for the future business development. Those companies capable of developing and combining hardware and software in equal measure will shape the future of the automobile. —Nicolas Peter, Member of the Board of Management of BMW AG, Finance.

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Vehicle scrappage policy to reduce cost of EVs says  Nitin Gadkari 

Electric Vehicles India

Vehicle scrappage policy to reduce cost of EVs says Nitin Gadkari . The newly launched Voluntary Vehicle Fleet Modernisation Programme or the vehicle scrappage policy will help to reduce the cost of manufacturing electric vehicles in India. He said that in the near future, electric vehicles will be cheaper than petrol and diesel ones.

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