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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.
Roy Hill , the largest single iron ore mine in Australia, has purchased Wabtec’s FLXdrive battery-electric locomotive, the world’s first 100% battery-electric, heavy-haul locomotive ( earlier post ) for the region and the mining industry. The ongoing use of the FLXdrive will also reduce ongoing operational costs through maintenance spend.
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. Overall, hybrid electric vehicles tend to be the lowest-cost powertrain.
Texas-based Nacero, a company seeking to produce low- and zero-lifecycle carbon footprint gasoline blendstock ( earlier post ) has awarded a subsidiary of NextEra Energy Resources, LLC a 20-year power purchase agreement to supply wind power to Nacero’s planned flagship manufacturing facility in Penwell, Texas.
The decisive factor for the switch to battery-electric vehicles is the energy cost advantage compared to hydrogen and diesel. They exceed the purchasecosts many times over. Overall, a typical heavy-duty e-truck in Europe is likely to be ahead of a conventional diesel truck in terms of total costs as early as 2025.
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 kg on a project breakeven basis. Given a hydrogen producer could receive the full subsidy of €4/kg, this would mean just €0.58/kg
DHL Express announced a partnership with Fiat Professional, purchasing the first 100 units of Fiat’s new E-Ducato, introduced to the public on Earth Day. With a range of more than 200 km, the E-Ducato is well-suited for last mile logistics.
ClearFlame Engine Technologies, a startup developing net-zero engine technology ( earlier post ), announced the publication of an independent study that finds ClearFlame’s technology could help fleet owners and other heavy-duty truck operators lower total costs while meeting sustainability goals sooner than currently available alternatives.
Union Pacific Railroad plans to purchase 20 battery-electric locomotives for testing in yard operations. The combined purchases and upgrades to yard infrastructure are expected to exceed $100 million, representing the largest investment in battery-electric technology by a US Class I railroad.
NIO BaaS users can purchase a car without the battery, making EVs more price competitive against existing powertrains, while also providing the flexibility to change battery capacity depending on their needs and pay accordingly. will purchase battery packs and commission NIO to provide battery subscription services to users.
The cost of Li-ion batteries has plunged some 97% since their introduction three decades ago—a rate similar to the drop in solar panel prices. Contributions of public and private research and development to cell-level cost decline between the late 1990s and early 2010s. The total change in cost is measured in units of USD W ?1
The analysis found lifetime ownership costs for the most popular EVs on the market under $50,000 are typically $6,000 to $10,000 less than the best gas-powered vehicles in their class (defined by vehicle style, size, interior volume, and cargo space). Lifetime savings of EVs versus comparable gasoline-powered vehicles.
Energy infrastructure developer Bakken Energy (Bakken) has reached agreement with Basin Electric Power Cooperative (Basin Electric) on key terms and conditions to purchase the assets of the Dakota Gasification Company (Dakota Gas), a subsidiary of Basin Electric, and the owner of the Great Plains Synfuels Plant.
These all-electric rentals are now available in 48 states, providing increased uptime and reduced costs. Orange EV is committed to being the one-stop source for all electric yard truck needs—purchases, leases, and rentals. Renting is also a great way to try before you buy to experience the Orange EV difference.
AJR Trucking , a leading carrier for the United States Postal Service (USPS) and a major drayage carrier operating in the Ports of Los Angeles and Long Beach, has executed a purchase order for 50 Nikola Tre hydrogen fuel cell electric vehicle (FCEV) trucks from Tom’s Truck Centers, a member of the Nikola Corporation sales and service dealer network.
Modesto City Schools in California has a{purchased} 30 Blue Bird All American Type D electric school buses. Modesto City Schools will benefit from significant cost saving opportunities by reducing or eliminating the fuel and maintenance costs tied to traditional diesel-powered vehicles.
Not only are tax credits important for geographic equity, but as EV drivers know, the reduced fuel and maintenance costs associated with driving electric can save households both time and money. Switching from a gas car to an EV can save drivers thousands of dollars in fuel costs each year. EV drivers love their cars.
108 Porsche 930,964,993 Purchased new from amprevolt.com for a conversion project that I am no longer able to work on. Prefer local pickup but will ship for cost. Stump/Stub shafts for Tesla LDU/SDU conversions.
GlobalData’s analysis suggests that low oil prices will lead to a longer waits for the reduced fuel costs offered by electric vehicles (EVs) to amortize their higher purchase prices. However, the amount of time taken to make up that price differential depends on the cost of fuel.
Globally, vehicle owners and those considering purchasing BEV agree the top benefits of going electric are improving the environment, adding convenience and reducing ownership costs. However, what drives someone to make the purchase is beyond these benefits.
The LAWA purchase qualified for a $120,000 rebate via the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project. The truck is expected to have significantly reduced maintenance and fuel costs compared with a similarly equipped internal combustion unit.
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.
The scope of the proposed alliance includes a range of vehicles to be sold under each company’s distinct brands, as well as cooperation in purchasing, research and development, and connected services. GM and Honda also plan to share R&D and engineering costs for select future co-developed vehicle and propulsion platforms.
The solar PV and battery energy storage system will give VTA operational flexibility on when to purchase the utility power needed to charge its vehicle fleet, saving the agency on its electricity costs and further reducing its total operating costs compared to continued diesel bus operations.
Given a positive outcome of the project and upon completion of the Dash 8 conversions of the Icelandair domestic fleet, Universal Hydrogen and Icelandair would enter into a long-term fuel services contract to provide cost-effective green hydrogen for Icelandair’s fleet at scale. Air Nostrum.
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
Under this program, purchasers of new all-electric transit buses are eligible to have 100% of the incremental vehicle cost covered on the condition that these buses are housed at bus depots or operate on routes located within a half-mile of a disadvantaged community. Additionally, another $2.5 million for the program comprises $53.4
Werner Enterprises, a premier transportation and logistics provider, has signed a letter of intent to purchase 500 Cummins’ 15-liter hydrogen internal combustion engines upon availability. Earlier post.) Earlier post.). —Jim Nebergall, General Manager, Cummins Hydrogen Engine Business.
The city of Moscow, Russia is halting the purchase of diesel buses for its passenger transport fleet. These operations are the most expensive and account for about 60% of the total cost of producing an electric bus. The production of electric buses in Moscow will significantly reduce their cost. Only electric buses.
Continuing cost reductions bode well for the future of electric vehicles; however, the impact of rising commodity prices and increased costs for key materials such as electrolytes has put pressure on the industry in the second half of the year. Packs in the US and Europe cost 40% and 60% higher, respectively.
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.
Proterra announced that Broward County Transit (BCT) has agreed to purchase 12 40-foot Proterra ZX5 battery-electric transit buses with 660 kWh of onboard energy and the DuoPower drivetrain. With Broward County’s purchase, Proterra has now sold more than 1,000 battery-electric transit buses in North America.
Nikola Corporation, which is making its public-trading debut on the NASDAQ today (NKLA), signed a purchase order with Nel ASA for 85-megawatt alkaline electrolyzers to support five of the world’s first 8-tonne-per-day hydrogen fueling stations. Together, these electrolyzers may produce more than 40,000 kgs of hydrogen each day.
In response, Air Liquide, Groupe PSA, Schneider Electric and Valeo have set up a Task Force composed of about 30 purchasing and industrialization experts in order to define an action plan to increase the production of Air Liquide Medical Systems respirators.
Orange EV electric trucks are proven to deliver 98-99% average uptime and a lower total cost of ownership, with many customers experiencing a 3- to 4-year payback on a 10-year expected life. Available now for purchase, lease, or rent; custom builds delivered in 90-120 days. million hours of operation. Charge Rate: Up to 70 kW.
To help gauge potential purchase and operating cost savings, Ford commercial customers have exclusive access to a new Ford digital fleet planning tool that calculates a variety of factors including purchase and lease costs, federal and regional tax incentives, and regional fuel and energy costs.
of those that discontinued BEV ownership are unlikely to purchase a BEV in the future; 10.5% are likely to purchase one. This suggests households may not permanently discontinue BEV ownership; however, they are considerably less likely to purchase a BEV than households who continue with BEV ownership (83.7% Of those: 24.3%
However, Germany is now financing 80% of the higher purchasecost of e-buses. Italy, Poland, Germany, the UK, Spain and France, which buy 70% of the urban buses sold in Europe, lag behind. In 2019, less than 10% of their newly-registered urban buses were electric or hydrogen.
Electrify America entered into a 15-year virtual power purchase agreement (VPPA) with developer Terra-Gen to build a solar photovoltaic renewable energy generation project in San Bernardino County, California called Electrify America Solar Glow 1.
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. The EV Funding and Financing Guide details programs and policies from a variety of sources that fleets and consumers can use to overcome cost barriers.
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. The voucher program can reduce the upfront cost of advanced zero-emission fleet vehicles by 30 to 70 percent.
The contract also has options to be extended for up to four years to purchase up to 150 40-foot zero-emission buses (ZEBs). NFI Group subsidiary New Flyer Industries Canada ULC has received new firm orders for 16 battery-electric and fuel cell-electric transit buses from Winnipeg Transit.
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