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Self Financial, a fintech company, has compared the running costs of electric and non-electric vehicles in each state. Across the US the average annual cost of running an electric vehicle is $2,721.96, while gasoline vehicles cost an average of $3,355.90 per year to run—a difference of $633.94
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.
This rapid growth in demand has been further amplified with the passage of the “Inflation Reduction Act” (IRA) in the Fall of 2022, which includes mechanisms to incentivize electric vehicle manufacturers and consumers to purchase electric vehicles (EVs) that source battery metals from domestic manufacturers.
Communities throughout California can now purchase all-electric shuttle buses and ADA-equipped vans from Lightning Systems on a new California Association for Coordinated Transportation (CALACT) cooperative purchasing contract. Nonprofits or government agencies can use the new agreement to purchase electric buses once they join CALACT.
A team from the National Renewable Energy Laboratory (NREL) and the Idaho National Laboratory has produced a detailed assessment of the current levelized cost of light-duty electric-vehicle charging (LCOC) in the United States, considering when, where, and how EVs are charged. kWh); however, costs vary considerably (e.g., from $0.08/kWh
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 new report, “ Battery Swapping for Electric Vehicles 2022-2032: Technology, Players and Forecasts ”, market research firm IDTechEx concludes that battery-swapping technology currently appears to be a winner in the two- and three-wheeler markets of the Asia-Pacific regions.
Highland will purchase buses manufactured in North Carolina by Thomas Built Buses, which will be supplied and serviced by American Bus. The project was awarded an $817,000 grant from Maryland Energy Association (MEA), which helps offset the purchasecost of vehicles that is critical at this early stage of mass deployment.
Given the specific barriers, suggests author Andrea Beltramello, there is a role for government to support the development and diffusion of green vehicles, including through policies to strengthen the markets for green cars. It also reviews government policies in a number of OECD countries as well as a selection of non-OECD economies.
Among the early adopters who own an EV, 82% say they “definitely will” consider purchasing another in the future, according to the inaugural J.D. However, satisfaction with the current ownership experience is a key influencer for whether owners will purchase the same brand of EV again.
The proceeds will be used for current working capital, parts acquisitions to fulfill existing and future customer purchase orders and contracts as well as to satisfy full repayment of the senior secured notes incurred in July 2018. Workhorse Group Inc., The facility has a three-year term secured by a first priority lien on all assets.
The Power Max, which offers Level 2 240V charging in 16 or 30 amp models, will retail for roughly half the cost of current EV charging stations. Bosch also offers professional guidance for customers purchasing a Power Max or other EV charging station. Power Max 16A / 12’ cord entry level model. Click to enlarge.
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. United States: N. doi: 10.2172/1780970.
GlobalData research shows that lower oil prices as a result of the COVID-19 crisis could reduce electric vehicle demand and impair EU efforts to significantly reduce average new vehicle CO 2 emissions in the European car market. However, the amount of time taken to make up that price differential depends on the cost of fuel.
A study by a team from the International Council on Clean Transportation (ICCT) shows that state electric vehicle incentives are playing a significant early role in reducing the effective cost of ownership and driving electric vehicle sales. Source: ICCT. Click to enlarge. —Jin et al. per year in recent years.
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.
ICIS assessment data from 4 April shows that renewable hydrogen produced using a 10-year renewable power purchase agreement (PPA) starting in 2026 in the Netherlands would cost €4.58/kg Market development. By utilizing a fixed premium, there is no need for a market reference price, the document outlined. 1/kg hydrogen.
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.
Total EV market share has now reached 8.5%, nearly double the share of a year ago. In California, for example, which currently has an adoption score of 45 (highest in the nation), state tax credits on the purchase or lease of a new EV is $2,000 for cars and $4,500 for trucks, SUVs and vans. As this trend continues, J.D.
Through Autonomy’s subscription model, customers pay a monthly fee and start fee that covers the cost of the vehicle subscription plus routine maintenance costs, roadside assistance and soon auto insurance. Autonomy will soon expand geographically with subscriptions to other in-demand electric vehicles.
Juniper Research’s Urban Mobility Survey found that 41% of respondents ranked the cost of transport as being the most important factor when it comes to transportation. Furthermore, the report predicts that CO 2 reduction from private car journeys displaced is also fueling the growth of MaaS.
In a new report produced at the request of Senator Chuck Schumer (D-NY) and Senator Sherrod Brown (D-OH), the Center for Transportation and the Environment (CTE) concluded that a the entire US transit fleet could transition to zero-emission vehicles (ZEVs) by 2035 at a cost of between $56.22 billion and $88.91 billion on the low end and $60.02
This is the highest CARB dynamometer-certified efficiency rating for any Class 3 vehicle currently in the market. Lightning eMotors offers comprehensive leasing plans, which allow fleets to see total-cost-of-ownership savings from lower energy and maintenance costs, starting on day one of the lease.
Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. However, the incentive does not apply to the purchase of PHEVs. Georgia offers a zero emissions vehicle (ZEV) tax credit of 20% of the cost, up to $5,000. These ten states represent close to one-quarter of the US light-duty vehicle market.
Honda plans to introduce these models to the North American market as model year 2024 vehicles, one from Honda brand and the other from the Acura brand. These EV models will first be introduced to the North American market, and then to other regions of the world.
Users can search by state and/or policy category, such as charging incentives, EV purchase incentives, Zero Emission Vehicle programs and EV-ready building codes, and monitor EV fees. It also discusses strategies to reduce the upfront costs of EVs and EV infrastructure by pooling demand and promoting competition.
A new report from Frost & Sullivan, “Strategic Analysis of Inductive Charging for Global Electric Vehicles (EV) Market,” finds forecasts the total market for inductive (wireless) charging will experience a compound annual growth rate of 126.6% from 2012 to 2020, with approximately 351,900 units likely to be sold.
To help reduce the cost of retrofitting the diesel powered TRU, PLM applied for and received vouchers on UNFI’s behalf through CARB’s Clean Off Road Equipment (CORE) Voucher Incentive Project. —Jeff Wismans, national director of fleet operations at UNFI.
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.
Eligible recipients are: State or local governmental entities responsible for providing school bus service to one or more public school systems; or for the purchase of school buses.
The report provides a detailed ten-year outlook for the uptake of electric light commercial vehicles across key regions (China, Europe, North America and the rest of the world) outlining, eLCV production, penetration, market revenue and battery requirements. Forecast eLCV share of total global LCV market revenue.
The overall EVX ownership index score measures electric vehicle owner satisfaction in both premium and mass-market segments. We know from our research that many consumers have concerns during the purchase consideration process with aspects like battery range and vehicle charging. PP100) and squeaks and rattles (13.4
This is a landmark step in revitalizing our aging fleet and replacing expensive internal combustion engine vehicles with cutting-edge EV technology, all while reducing our dependence on oil and saving Indianapolis taxpayers thousands in fuel costs each year. Indianapolis Mayor Greg Ballard.
million purchase order for membrane electrode assemblies (MEAs) for use in manufacturing FCvelocity-9SSL fuel cell stacks from Guangdong Synergy Ballard Hydrogen Power Co., Ballard Power Systems has received a $7.7-million Synergy-Ballard JVCo), a joint venture in which Ballard holds a 10% ownership interest.
While cobalt prices have shown positive signs of late, there are nuances within the market which highlight the key fundamentals that will likely decide cobalt’s future price trend—which is taking its cues less and less from the industrial metal supply chain, according to a new report from Benchmark Mineral Intelligence.
The NGDV program calls for the purchase of up to 165,000 new mail delivery trucks over the next decade. In February, the agency announced it had completed the environmental review for its Next Generation Delivery Vehicle program and was moving ahead with plans to start purchasing the new trucks. —Maxwell Woody, lead author.
Volkswagen, Stellantis and Glencore are supporting the purchase of the Atlantic Nickel nickel sulfide and the Mineraçao Vale Verde copper mine in Brazil by ACG , a London-listed special purpose acquisition company (SPAC), for US$ 1 billion. 20ktpa over a 12-year life of mine, at an average C1 cash cost of $1.37/lb
However, the cost of the two powertrains will converge quickly, and by 2040, FCEVs will be less expensive than BEVs per mile in approximately 71-88% of the LDV fleet, according to the analysis. Additionally, FCEVs will offer notable cost advantages within larger vehicle size classes and for long distances. —Morrison et al.
More broadly, Pike envisions PEV sales in California—the leading market for such in the US—expanding into smaller urban and suburban regions with more dealers beginning to offer the vehicles. The lack of funding opportunities will force some companies to exit the market or be acquired on less than generous terms.
An analysis of the expected emissions performance and total cost of ownership for the ClearFlame business model versus diesel, CNG, BEV, and FCV options in the over-the-road heavy-duty truck market presented in this paper indicates that: The TCO of ClearFlame-based trucks could be, on average, $0.08
A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.
Aemetis announced that its Universal Biofuels subsidiary in India, owner and operator of a biodiesel plant located near the Port of Kakinada on India’s east coast, was selected by the three government-controlled oil marketing companies (OMCs) and a major oil refiner to supply approximately 8,000,000 gallons of biodiesel over the next two months.
To meet the projected demand for cells, Tesla will continue to purchase battery cells produced in Panasonic’s factories in Japan. Not only does the Gigafactory enable capacity needed for the Model 3 but it sets the path for a dramatic reduction in the cost of energy storage across a broad range of applications.
It will also be more economical than conventional turbine engines, or even the battery-based systems, on the total cost basis. ZeroAvia is initially targeting 500-mile flights to serve the short-haul and commuter air travel markets, which make up nearly half the commercial flights worldwide.
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