article thumbnail

WHYY reports Philadelphia’s Proterra electric bus fleet sidelined due to cracked chassis and other defects

Green Car Congress

million federal grant, that she had doubts about “the future of electric vehicle procurement.”. “I BYD buses were removed from service in Indianapolis for upgrades due to range issues, while officials in Albuquerque, New Mexico, returned 15 BYD buses for similar reasons, Briggs reported.

Fleet 379
article thumbnail

Kimbal Musk exercises options to buy 25k of Tesla stock at $74.17 per share

Teslarati

As noted in a Benzinga report, Kimbal’s stock option award is a triennial award granted to the board member following the electric vehicle maker’s 2010 equity incentive plan and outside director compensation policy. . As of Wednesday’s closing price of $824.46, Kimbal’s total holdings on Tesla now amount to about $442.1

Buy 100
article thumbnail

Tesla is finally leaning on its vehicles’ American-made pedigree

Teslarati

Fortunately, it appears that Tesla is finally leaning into its vehicles’ domestic appeal. While Tesla is still evidently getting its feet wet when it comes to advertisements, it is nevertheless encouraging to see the electric vehicle maker finally highlighting some of its vehicles’ most desirable characteristics to the public.

Tesla 89
article thumbnail

EnerDel Plans to Invest $237M in New Indiana Lithium-Ion Battery Plant

Green Car Congress

Lithium-ion battery manufacturer EnerDel will invest $237 million in a new manufacturing plant near its Indianapolis headquarters in order to meet anticipated demand for advanced battery systems used in both automotive and stationary smart grid applications. The Indiana plant will be financed through a $118.5 Earlier post.) Earlier post.)

Indiana 186
article thumbnail

ENER1 Raises $65M in Capital Though Sale of Notes

Green Car Congress

Ener1 will use these funds along with its grant from the United States Department of Energy under the American Recovery and Reinvestment Act, for general operating expenditures and to help pursue its intended manufacturing plans to install 260 MW, or capacity for 11,000 electric. percent.

Sale 210
article thumbnail

US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development

Green Car Congress

Like the Recovery Act-funded projects, the annual Clean Cities projects include grants for vehicles, infrastructure, and education. The project will deploy 554 alternative fuel and hybrid electric vehicles and install 153 alternative fueling and electric vehicle charging stations throughout the Chicago region.

article thumbnail

ENER1 Receives Additional $20M from Principal Shareholder

Green Car Congress

Ener1 set out to raise $150 million at the start of 2010, to meet near-term manufacturing objectives.