Remove Cost Of Remove Industry Remove Maintenance Remove Transportation
article thumbnail

Alstom and MOL to explore use of hydrogen technologies for rail transport in Hungary

Green Car Congress

Alstom and MOL, Hungary’s leading oil and gas company, have signed a Memorandum of Understanding to structure cooperation in examining the use of hydrogen technology in rail transportation. As part of its National Hydrogen Strategy, Hungary has been investigating the feasibility of introducing hydrogen technology to rail transportation.

Hungary 334
article thumbnail

First 35 State plans to build out EV charging infrastructure approved; more than $900M in FY22 and FY23 funding

Green Car Congress

Prior to approval, State Departments of Transportation (DOTs) were able to begin staffing and activities directly related to the development of their plans. The NEVI formula funding, which makes $5 billion available over five years, is expected to help build a convenient, reliable, and affordable EV charging network across the country.

article thumbnail

UPS collaborating with Workhorse to deploy 50 electric trucks; rivaling acquisition cost of conventional; no subsidies

Green Car Congress

UPS plans to deploy 50 plug-in electric delivery trucks that will be comparable in acquisition cost to conventional-fueled trucks without any subsidies—an industry first that would breaki a key barrier to large scale adoption of electric fleets. —Carlton Rose, President, Global Fleet Maintenance and Engineering for UPS.

Cost Of 223
article thumbnail

Electrification gaining momentum in fleet vehicle industry – Charged EVs

Baua Electric

According to GreenBiz , the share of electric fleet vehicles is projected to grow from less than 1 percent to 12 percent by 2030, thanks to lower battery costs, industry partnerships and government incentives. Lower Total Cost of Ownership Driving Adoption The shift toward EVs is also influencing ownership costs.

Fleet 52
article thumbnail

The Next Oil Price Spike May Cripple The Industry

Green Car Congress

On the one hand, there is the view that the price of oil will be “ lower for longer ”, or even “ lower forever ”, as the electrification of transport will eat away at oil demand more and more while, at the same time, technological innovation ( shale in particular ) will greatly increase economically recoverable resources. We will explain.

article thumbnail

Xcel Energy launches EV smart charging pilot in Colorado; Transportation Electrification Plan for New Mexico approved

Green Car Congress

Xcel Energy has actively participated in research and demonstrations with the Electric Power Research Institute (EPRI) to advance electric transportation for many years. These programs and offerings make up the company’s New Mexico Transportation Electrification Plan. From 2022 through 2024, Xcel Energy will invest more than $3.1

article thumbnail

Responsible Battery Coalition and U Michigan launch study to compare electric and gas vehicle lifetime costs

Green Car Congress

The Responsible Battery Coalition, in partnership with the University of Michigan Center for Sustainable Systems, launched a comprehensive research project to compare the total cost of ownership of gas and electric vehicles (EVs). —Steve Christensen, Executive Director of RBC. Projections of future gasoline and electricity prices.

Michigan 199