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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.
Start-up Liquid Light, a developer of process technology to make major chemicals from low-cost, globally-abundant carbon dioxide ( earlier post ), has closed a $15-million Series B financing. The financing was completed at a significant increase in company valuation.
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.
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. This would help speed up the return on investment in VGV for the development costs of the energy transition. Diagram: Isabelle Plat.
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. Other findings of note include: Cars depreciate faster than light trucks.
The Electrification Roadmap calls for 75% of light-duty VMT in the US to be electric by 2040. Achieving this will require a minimum of 25% of new light-duty vehicles purchased in the US to be grid-enabled vehicles (GEV) by 2020. As a result, oil consumption in the light-duty fleet would be reduced to just 2.0 Click to enlarge.
A new report from the International Council on Clean Transportation (ICCT) estimates Consumer benefits of increased efficiency in 2025-2030 light-duty vehicles in the US. Those who finance their vehicles will see a net positive cash flow—again, specific to the additional cost of technology—starting immediately.
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. million EVs have now been sold worldwide and 2015 saw strong growth, they still represented less than 1% of light duty vehicle sales last year.
A new MIT report outlines a system-oriented set of coordinated policies to help the light-duty vehicle sector reduce petroleum-based consumption and its accompanying global warming emissions. per gallon ($0.0264 per liter) each year for at least the next 10 years, in order to reflect more accurately the full cost of fuel use and driving.
Pennsylvania has awarded more than $3 million in Fuel Incentive Grants (AFIG) to 33 companies, counties and organizations making the switch to compressed natural gas (CNG), liquefied natural gas (LNG), or propane for medium to light-weight fleet vehicles. This year, AFIG grants focused on medium- to light-weight vehicles.
The main focus will be on expanding the SUV range—in particular in the A/A0 class—as well as on modernizing part of the light commercial vehicle portfolio. These investments will be financed from the joint ventures’ own funds. In addition to spending on capex, the plans also include capitalized development costs of €21.9
Syzygy Plasmonics, a technology company developing a high-performance photocatalyst for the industrial gas, chemical and energy industries, announced a $23-million Series B financing led by Horizons Ventures with participation from new global investors including Equinor Ventures. Earlier post.). of global greenhouse gas (GHG) emissions.
With less hardware to purchase and less equipment to install, the multi-dispenser charging solution lowers the cost of infrastructure for customers. It also reduces space needed for charging systems, which is optimal for space-constrained depots and parking facilities. Proterra chargers are also vehicle-to-grid capable and smart-grid ready.
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. Annual global light duty vehicle sales.
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.
eNow’s patented roof-mounted solar modules store energy in auxiliary batteries used to power lift gates, in-cab HVAC, refrigeration, telematics and other loads such as appliances and lighting. XL Fleet will provide battery and power electronics systems for eNow’s innovative electrified refrigerated trailer solution.
The work plan financed by the EC is divided into two stages: modification of a light-weight two-seater airplane with an electric engine completely supplied by hydrogen; the test flights on this are aimed at identifying the technical advantages and improvements in performance obtained with the new generation electrical energy.
Element Energy used a component-based cost model to estimate the current and future costs of conventional and novel powertrains based on peer-reviewed data—e.g., on batteries and fuel cell costs trends and the costs of vehicle mass reduction. Fuel cell system cost projections over time and volume.
Global Bioenergies, a developer of one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, and Cristal Union, the 4 th largest European beet producer, have formed IBN-One, a joint venture to build and operate the first plant in France converting renewable resources into isobutene.
This has been due to two factors: the decline in upfront costs of the vehicles—driven by falling battery prices—and changes in predominant duty cycles of vehicles sold in developed economies (Europe, US). The year also saw the largest single solar park ever funded, the 2GW Al Dhafrah in the United Arab Emirates, at a cost of $1.1
The light commercial vehicle manufacturer, a subsidiary of China’s largest vehicle manufacturer SAIC Motor, is also announcing LeasePlan as its exclusive partner in Europe, as it prepares for its full brand launch in 2019. With the introduction of the Maxus light commercial vehicle brand, SAIC Mobility Europe starts its European activities.
Case study: Electric buses replace diesel bus fleet at JFK The Port Authority took a giant leap into electrification four years ago when it replaced numerous ICE buses that bring passengers to the terminal with the driverless light-rail JFK AirTrain, which uses electric power.
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 2020, 700,000 (26%) of the 2.7
Subject to development, regulatory approval and financing, once production commences, Workhorse expects the W-15 to have a $52,500 MSRP. The Workhorse W-15 light duty platform design is an extension of the E-Gen electric range extended technology used in Workhorse medium-duty delivery trucks.
million: ALD Technical Solutions is developing light-weight, easy-to-install, long-lasting, and cost-effective structural composite reinforcement system which will be installed and cured-in-place around existing Aluminum Conductor Steel Reinforced transmission lines to increase power capacity and power efficiency, and also decrease sag.
It also includes working with automakers and dealers to identify, evaluate, and implement creative financing approaches and other effective strategies to reduce vehicle purchase price and increase ZEV sales. Assessment of creative vehicle financing innovations. Provide consumer incentives to enhance the ZEV ownership experience.
Calculated on the basis of today’s cost of diesel fuel and electricity in Portugal, the trial produced savings in operating costs of up to 64% compared with a conventional diesel truck. The amount of savings will therefore differ depending on the costs of diesel and electricity in a particular country.
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.
Convergence Energy Services Limited (CESL) has invited expressions of interest (EoI) to empanel financial institutions for financing electric vehicles (EVs) across India. The eligible and qualified financial institutions will be empanelled with CESL to provide the users with a financing solution for the electric vehicles.
These leases will deliver on the pLAn’s commitment to ensure that 50% of the City’s annual light-duty vehicle purchases are EVs by 2017. The change in vehicle procurement policy will: Cut operating costs of the vehicles by an estimated 41% ($0.21 The LADWP will lease 44 BEVs and 113 of the PHEVs. per mile for EVs vs. $0.37
and China markets, while the Russian Finance Ministry recently backed away from a tax proposal which Russian crude producers said would reduce their output. The Finance Ministry sought a change in the mineral extraction tax formula to generate an additional 609 billion rubles in 2015 and 1.6
The report, which focuses on road and rail transport, finds that while emissions from light-duty vehicles are expected to drop by 12% by 2030, freight truck emissions are projected to increase by 20%. But, the report identifies clear opportunities, especially in light of infrastructure-related stimulus investment, to get this right.
4 has to offer, compare available trims, and take a look at how you can save money with EV incentives by financing through EV Life. The crossover SUV also has black body cladding, oval taillights with a horizontal light bar, and a small rear spoiler. But there’s a better way to finance your Volkswagen ID.4. Volkswagen ID.4
Dayton Power & Light Company. Florida Power and Light Company. Hawai`i Electric Light. Indianapolis Power & Light Company. Kansas City Power & Light. Charging infrastructure financing: Unlocking Up $4.5 Among the actions announced are: Unlocking up to $4.5 Duke Energy. Edison Electric Institute.
More light hydrocarbons like LPG and Naphtha are produced in the renewable jet than renewable diesel process. Additional process steps needed to cleave the hydrocarbons into jet range could amount to as much as 30-40 percent higher cost of production for renewable jet compared to. renewable diesel.
The Democratic Republic of the Congo (DRC) can leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials, according to a new study on a unified African supply chain by BloombergNEF (BNEF). Adesina.
GtCO 2 e per year by improving the efficiency of heating, cooling, lighting and appliances, and other measures. The total emission reduction potential adds up to about 17 GtCO 2 e, plus/minus 3 GtCO 2 e, with marginal costs of up to $US50-100 per tonne of GtCO 2 e. Aviation and shipping: 0.3-0.5 Buildings: 1.4 Forestry: 1.3
We’ll also show you how to save money by financing your purchase through EV Life. Other standard and optional features include customizable ambient interior lighting, heated front seats, a heated steering wheel, a panoramic sunroof, wireless device charger, and a spacious front trunk. kWh or an extended-range 91.0-kWh
Here, a steel deck is used for strength and steel ribs are used to keep the structure ‘light’, instead of solid steel beams. From Japan with Love The bridge was constructed from special steel sections imported from Japan (Japan also provided the finance for the bridge). The cost of the temporary bridges alone was Rs 500 crore.
But then, just as it seemed I had reached my darkest hour I was suddenly flooded by the light of an epiphany so bright it blinded me for a stunning moment. So I need to do something to cut the cost of my system even more than the rebates and tax credits are going to do. All at once it seemed so clear to me.
But while you’ll see plenty of people espousing the supposed advantages of electric bikes, it’s important to keep in mind some of the hidden costs of owning and using these two-wheeled electric vehicles. The post The hidden costs of using an electric bike appeared first on Bauaelectric Auto News.
We’ve now got some Mo going with: California solar loan financing that will eliminate the big up front cost of solar. SOLAR FINANCING – WHO GETS IT AND WHO DOESN’T. The loans are financed through the sale of assessment district bonds. It’s a slam dunk.
The research group forecasts that the cost of TaaS will be driven down by several factors, including utilization rates that are 10 times higher; electric vehicle lifetimes exceeding 500,000 miles; and far lower maintenance, energy, finance and insurance costs.
For the past few years, our company has actually been warning that that freedom of mobility is now actually being threatened particularly in light of four megatrends that are affecting the future of transportation. —Mark Fields. Those four megatrends are: Urbanization and exploding urban populations.
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