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The proceeds of the bond will be used to fund the design, development and manufacturing of fullyelectric cars in line with the company’s recently established Green Finance Framework. In this respect, it’s very encouraging to see so much investor interest in helping us electrify our fleet and deliver on our climate ambitions.
The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.
XL Fleet Corp. a provider of solar and battery power systems that enable fully-electric Transport Refrigeration Units (eTRUs) for Class 8 commercial trailers. XL Fleet will provide battery and power electronics systems for eNow’s innovative electrified refrigerated trailer solution.
Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). The combined entity will trade on the NASDAQ exchange under the ticker symbol “RIDE.”.
Proterra charging systems utilize standard J1772-CCS plug-in and SAE J3105 overhead pantograph technology, which enables fleet operators to charge a variety of heavy-duty and light-duty electric vehicles with the same chargers. Proterra chargers are also vehicle-to-grid capable and smart-grid ready.
This new battery technology and other upgrades give them the range, power and features at the price they need to scale up their electricfleets. The latest Lightning Electric Transit powertrain offers peak power of 160 kW (equivalent 215 horsepower), and a torque rating of 994 N·m (733 lb-ft).
BC Transit in British Columbia, Canada has approved a $20-million contract to purchase ten 40-foot Proterra ZX5 electric transit buses and one Proterra Energy megawatt-scale EV fleet charger as part of the agency’s transition to a fullyelectric bus fleet.
The New York City Council passed a bill mandating that the city’s school bus fleet be fullyelectric by 1 September 2035. The bill passed with 44 votes in favor and one vote against. Mayor Bill de Blasio is expected to sign the bill into law. The legislation was introduced to the Council as Intro.
Under the new agreement with SAIC Maxus, LeasePlan will offer operational leasing solutions for the fully-electric EV80 large panel van to business customers across continental Europe. Maxus is continuing to establish partnerships with large businesses looking to reduce their fleet emissions and vehicle operating costs.
Applications for the loan program have included vehicles running on electricity, biofuels, and advanced combustion engines, and were submitted by both car and component makers, US automakers, US manufacturing subsidiaries of non-US-based companies, major US auto parts suppliers, and startups. Ford Motor Company will receive $5.9
The global merchant fleet currently consumes around 330 million tonnes of fuel annually, 80-85 per cent of which is residual fuel with high sulfur content. That is, owners will not start using new fuels if infrastructure is not available, and energy providers will not finance expensive infrastructure without first securing customers.
It accounts for 20 to 30 percent of value-added for fullyelectric vehicles. We will need 150 gigawatt hours of battery capacity by 2025 for our own e-fleet alone— which would make for a massive procurement volume. This policy decision has already been made. After all, battery technology is the key to e-mobility.
At the Vibrant Gujarat Global Summit 2024, Switch Mobility Ltd, a next-generation manufacturer of carbon-neutral electric buses and light commercial vehicles, and part of the Hinduja Group, flagged-off of its double-decker bus, Switch EiV 22. The inauguration was conducted by Shri.
Kirsten has a long standing commitment to the electrification of mobility, co-founding Zilch, Carbn Asset Management and Sustainable FleetFinance. Outgoing chair Mark Gilbert says, “I am delighted that the board has unanimously voted to appoint Kirsten as chair of the board of Drive Electric, and Eric as her deputy.
Kirsten has a long standing commitment to the electrification of mobility, co-founding Zilch, Carbn Asset Management and Sustainable FleetFinance. Outgoing chair Mark Gilbert says, “I am delighted that the board has unanimously voted to appoint Kirsten as chair of the board of Drive Electric, and Eric as her deputy.
Not long ago, the idea that major corporations around the world would make the bold move of switching to all-electric vehicle fleets would have seemed far-fetched, if not inconceivable. The initiative, led by Ceres, aims to push more corporations toward fleet electrification and help expand the demand for electric vehicles.
Audi CEO Markus Duesmann is pushing against politicians in Europe who oppose the bans internal combustion engine ban in 2035 while resolidifying his company’s plans to only offer fully-electric vehicles from 2026 on. “From 2026, Audi will only be launching purely electric models.”
bound fullyelectric luxury convertible will come from Italy. Tesla is recalling nearly 4,000 Cybertrucks for the issue but acted quickly, with a reengineered component already introduced. In the meantime, Toyota is advising Prius owners to lock those doors while driving. It’s looking increasingly likely that the first U.S.-bound
This past week was a whirlwind of EV news and developments from FedEx’s plans to electrify its fleet by 2040, VW saying it expects 50% of its US sales to be from EVs, to GM’s likely plans to build a second battery factory with LG Chem, and much more … Automaker/EV Models. VW expects half of U.S. – March 5, via CNBC.
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