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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.
million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). However, achieving such growth level will be dependent on two key factors: aggressive reductions in battery costs and rising gasoline prices. Last week, J.D. million units in 2020, or some 7.3% 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. ”.
In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050).
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”.
says it plans to act as the project developer for a US-based gas-to-liquids plant that will use ExxonMobil’s proprietary methanol to gasoline (MTG) process to convert methane into gasoline. Our first project must be absolutely ‘bankable’ to obtain the necessary project financing. California-based Carbon Sciences, Inc.
The Asian Development Bank (ADB) is providing $300 million towards a project that will replace 100,000 gasoline-burning tricycles in the Philippines with electric tricycles, or E-Trikes. Once the project is completed in December 2017, ADB will have financed upgrades to nearly 2,200 km (1,367 miles) of the network. million.
Depending on the synthesis path, either diesel or gasoline can be generated. A 2009 study pegged the cost of biosynfuel from a large bioliq plant at around (US$3.0/gallon The synthesis stage converts synthesis gas into gasoline fuel based on two reaction steps. gallon US). Earlier post.).
The Gen 4 model achieves 61 MPGe on certified dyno testing, compared to 13 MPG for the gasoline version. Lightning eMotors Credit and Ford Motor Credit financing is available along with electric vehicle vouchers and incentives, which are accessible in many states.
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.
Additionally, to unlock maximum savings for the City, Vision Fleet will utilize its comprehensive suite of technology, data analytics, and operational support designed specifically for reducing the cost of ownership of alternatively fueled vehicles.
The US Department of Energy (DOE) announced up to $25 million in funding to reduce the cost of algal biofuels to less than $5 per gasoline gallon equivalent (gge) by 2019. Earlier post.). DOE Assistant Secretary EERE David Danielson, the opening keynote speaker for the summit, said that the agency is “all in” on algae fuels.
GE and Better Place have formed a technology and financing partnership to accelerate the global deployment of electric vehicle infrastructure through collaboration in four key areas: standards-based technology development; battery financing; joint fleet electrification programs; and consumer awareness. GE’s WattStation.
According to BNEF, developed countries and multilateral institutions should include electric vehicle investments, incentives and charging infrastructure deployments in their international climate finance plans, making capital available to emerging economies that have credible plans to develop this sector.
Many EVs have a lower five-year cost of ownership than comparable gasoline models, according an annual roundup from Vincentric, a source for ownership cost calculations for websites and automakers.
A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. This would be almost 90 times the equivalent figure for 2015, when EV sales are estimated to have been 462,000, some 60% up on 2014. Although some 1.3
Shengquan’s cost model shows that its current production cost of cellulosic ethanol is cost-competitive with conventional ethanol as the feedstock is a by-product of their current production. million jobs and reduce CO 2 emissions from gasoline-based transportation by 29%, according to the analysis. This would create 2.9
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 project, which will co-produce full replacement renewable jet fuel, gasoline, diesel and Bioplus nanocellulose from woody biomass in an integrated biorefinery at AVAPCO’s site in Thomaston, Georgia, has received a $3.7-million Its scope includes definition engineering, permitting, and financing activities. Earlier post.).
The US has up to now adhered to the user-fee principle in financing transportation infrastructure—i.e., The demand for new roads and the cost of expanding and maintaining the transportation system have increased with population and economic growth. User Charges Based on Fuel Consumption (Gasoline and Carbon Taxes).
Cellic CTec3 allows the cost of producing ethanol from biomass to approach the level of corn ethanol and gasoline, according to the company. We will continue to develop more efficient enzymes to further reduce the total cost of producing advanced biofuels. —Novozymes’ CEO Steen Riisgaard.
BCG comparison of the CO 2 reduction potential and cost of different technologies. In addition, the cost to the consumer would be about $50 to $60 per percent CO 2 reduction—roughly half the cost of what was expected three years ago. Source: BCG. Click to enlarge. Source: BCG. Click to enlarge.
Clean Energy’s Zero Now program makes the cost of leasing or purchasing a new natural gas heavy-duty truck equal to the price or even lower than that of the same truck equipped with a diesel engine. Redeem enables at least 70% reduction in carbon emissions when displacing diesel or gasoline, according to CARB estimates.
Of that, EPA projected the bulk to come from the KiOR Columbus plant (5-6 million gallons of renewable gasoline and diesel). “We The ratio between gasoline, diesel and fuel oil is 41% gasoline, 37% diesel, and 22% fuel oil. In addition to payment for the gasoline and diesel, KiOR can sell RINs.). —Fred Cannon.
and Altech-Eco have signed an exclusive agreement to bring EPA-certified dedicated and bi-fuel (gasoline/compressed natural gas) retrofitted Ford Focus vehicles (MY 2008 and 2009) to Florida consumers. The bi-fuel CNG Ford Focus has the ability to run on CNG or gasoline and comes with a manufacturer-rated CNG cylinder of 9.1
The study cautions, however, that the availability of financing, total cost of ownership and the unfolding events in Japan will impact vehicle sales in both markets. The shift between gasoline prices and demand for smaller cars. The remaining 23 million units will sell in the used-car market. consumer confidence.
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.
Specified performance targets for 2015 for battery-electric and plug-in hybrid electric passenger vehicles include: Maximum speed of not less than 100 km/h (62 mph); All-electric driving range of not less than 150 km (93 miles) and 50 km (31 miles), respectively; Battery power/kg target of 150W/kg, at a cost of 2 yuan/Wh ($0.31/Wh),
More than half of this (57%) will be invested in Germany alone; investments in the German locations will focus on alternative drives, new generations of diesel and gasoline engines, and new generations of Volkswagen’s innovative direct shift gearboxes. These investments will be financed using the joint ventures’ own funds.
The electrification of road transport will move into top gear in the second half of the 2020s, due to tumbling battery costs and larger-scale manufacturing, with sales of electric cars surging to 28%, and those of electric buses to 84%, of their respective global markets by 2030. Source: Bloomberg New Energy Finance. and 17% in Japan.
Senate Finance Committee Chairman Max Baucus (D-Mont.) The maximum investment tax credit is 20% of the cost of the investment. Any fuel that is about 25% cleaner than conventional gasoline will generally receive a credit. Energy efficiency is defined as the energy density of a fuel compared to conventional gasoline.
Cost-benefit ratio – While electric airside vehicles are noticeably more expensive than conventional-powered ones, over the lifetime of a vehicle, the cost savings accrued from lower maintenance costs as well as the lower cost of electric power versus diesel or gasoline were verifiable.
Several reasons underpin slow growth in the commercialization of biofuels, according to the EIA: Difficulties obtaining financing in the aftermath of the debt crisis; Technology scale-up difficulties at startup companies; and. Strategic corporate shifts because of increased availability of low-cost natural gas.
Global Bioenergies has just delivered the first batch of renewable gasoline produced using Global Bioenergies’ fermentative isobutene pathway to its partner Audi. IBN-One is expected to finance the cost of the engineering work with a financing round scheduled for 2016. Earlier post.).
Subject to development, regulatory approval and financing, once production commences, Workhorse expects the W-15 to have a $52,500 MSRP. If needed, the on-board gasoline generator will then operate after battery power has been depleted, extending the range.
With Federal fuel taxes included, the tax on gasoline in the state would be $0.609 per gallon, and the tax on diesel would be $0.669 per gallon. A 2007 report issued by the Transportation Finance Commission stated: “ The cost of this neglect will be felt in our regional economy and in our way of life. billion over 20 years.
Leverage increased private sector financing for deployment of “all of the above” energy technologies. DOE also will work with other agencies in addition to state and local governments to use existing authorities to remove barriers to increased financing for clean energy deployment.
candidate in economics with a specialization in international finance and environmental economics. The analysis in the paper relies on a network externality model focusing on relative prices, operating costs, and the network effects of battery switching stations.
By moving away from provincial and national averages, “Find Your EV Match” personalizes the EV buying process by providing total cost of ownership information, alongside greenhouse gas (GHG) emissions reduction insights, that are based on regional electricity pricing, gasoline pricing and electricity generation.
The Coskata process can produce more than 100 gallons of ethanol per ton of dry, ash-free biomass material at a cost competitive with expected gasoline prices—around $1.00 Actual production cost will vary, either below or above $1.00 We will have the lowest production cost of ethanol in the industry. Earlier post.). “We
Velocys is pursuing a USDA loan guarantee that could apply up to $200 million of debut as part of the total installed cost of the project. Velocys has engaged the global leading project finance bank, Sumitomo Mitsui Banking Corporation (SMBC), as the lender of record and as its financial advisor.
It highlights the declining cost of EV technologies but also persistent market uncertainties. The California ZEV program supports three broad statewide policy goals: reduce criteria pollutant and greenhouse gas emissions; reduce gasoline and diesel fuel demand; and maintain leadership in environmental technology policy and foster job growth.
Stationary Fuel Cells and Hybrid Transit Buses Incremental Costs: The purchase of diesel-electric hybrid transit buses and stationary fuel cells for use in the statewide bus system in Connecticut. Hybrid Electric Buses Incremental Costs: For the incremental cost of making transit buses hybrid electric.
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