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Electric commercial vehicle company SEA Electric raises $42M; partnership with Exro

Green Car Congress

recently closed initial private placement equity financing for total gross proceeds of approximately US$42 million. SEA Electric was founded in Australia in 2012, with a proprietary electric power-system technology (known as SEA-Drive) for the world’s urban delivery and distribution fleets. SEA Electric Holdings Pty Ltd.

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Next 10 report says widespread EV adoption in California could deliver significant economic benefits to the state by 2030 and 2050

Green Car Congress

BEAR considered four scenarios to illustrate the consequences of different pathways for large-scale electrification of the light vehicle fleet, with two key factors informing the variations between each scenario: (1) electric vehicle adoption patterns and (2) Incremental Vehicle Costs (IVC). charging) and component technology subsidies.

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Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

Green Car Congress

The report shows that projected global ZEV adoption from 2015 to 2039 (based on the BNEF 2017 forecast) may follow an s-curve, similar to that of smartphone adoption in the US from 2005 to 2015. Bloomberg New Energy Finance estimates battery cost will decline by almost 10% until 2025, when ZEVs will reach price parity with ICE vehicles.