This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
ABB has increased its stake in InCharge Energy, a provider of fleet electrification services ( earlier post ), to 60%. The addition of InCharge Energy will strengthen ABB’s E-mobility Division in the North American market by broadening its customer base and expanding its fleet electrification software and digital services offering.
Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.
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.
Pennsylvania has awarded more than $3 million in Fuel Incentive Grants (AFIG) to 33 companies, counties and organizations making the switch to compressed natural gas (CNG), liquefied natural gas (LNG), or propane for medium to light-weight fleet vehicles. This year, AFIG grants focused on medium- to light-weight vehicles.
The ATN fleet order will increase the number of BYD electric buses the agency can deploy to serve one of the nation’s busiest tourism and employment regions. These new buses will provide ATN a 57 percent zero-emission fleet by 2020. The Anaheim Transportation Network has awarded an order for 40 battery-electric buses to BYD.
London has introduced its 300 th hybrid bus into its fleet; 1,000 hybrid buses are set to be introduced in the next four years as part of the Mayor of London Boris Johnson’s plans to improve air quality. The 300th hybrid bus is now in service on route 211 between Waterloo and Hammersmith. million) funding from the Department for Transport.
Pioneering methods to accelerate electric fleet adoption, AMPLY Power will demonstrate and document its Charging-as-a-Service approach for an all-electric school bus fleet in New York City. As the electric utility account holder for its fleet customers, AMPLY Power provides comprehensive end-to-end services to fleet operators.
AMPLY expects savings to increase as Tri Delta Transit expands its electric bus fleet in the future. Fleet operators work on a very rigorous timeline and must adhere to a strict operational dance to ensure their vehicles run on-schedule. As we expand our EV fleet, we look forward to working with AMPLY to realize even greater savings.
Park City Transit has deployed Utah’s first zero-emission, battery-electric mass transit fleet, which will include six Proterra Catalyst FC+ buses. buy the bus, lease the battery. Proterra is responsible for the performance of the batteries through the life of the lease, removing operator risk.
The Pennsylvania Department of Environmental Protection (PA DEP) awarded $516,637 in clean diesel grants to four organizations. Recent monitoring indicates these counties’ particulate matter levels are meeting the standards, but continuous compliance must occur before EPA will grant an attainment designation.
The up to €400-million order is the result of a consultation launched in January 2018, the aim of which was to accelerate the renewal of the RATP bus fleet. The RATP fleet, consisting of 4700 bus, already includes 950 hybrid, 140 bio-methane and 83 electric buses. — Catherine Guillouard, President and CEO of RATP.
The battery-electric freight trucks will be deployed in NFI’s Ontario, California fleet throughout 2022 and 2023, in support of its goal of operating the first 100% zero-emission freight logistics fleet in the nation. —Bill Bliem, senior vice president of fleet services at NFI. Earlier post.) emission heavy?duty
announced that 17 local governments and transit agencies will receive more than $236 million in grants from the Department of Transportation (DOT) to aid the transition to zero-emission buses. billion in new funding for Buses and Bus Facilities formula and competitive grants over five years. ZEB Transition: On-Route Charging Pilot.
InCharge Energy is one of the industry’s leading developers of commercial EV charging systems, providing solutions tailored to commercial fleets. Customers can receive quotes from both InCharge Energy and Gilbarco Veeder-Root to support their charging needs and decide which way to move forward for a one-stop-shop solution.
With the high costs and operational complexities surrounding electric vehicle (EV) deployments within commercial fleets, EV manufacturer BYD announced a preferred partnership with charging infrastructure provider AMPLY Power. The company assumes the full financial responsibility of utility account and provides the fleet with flat usage rates.
Hyundai will leverage insights gained from these public projects to develop it’s zero-emission commercial fleet business in the US and establish local partnerships across the value chain. Glovis America, a logistics service provider, will be the fleet operator of these trucks.
Additional state grants, combined with the Honda financing, could enable FirstElement to add at least 12 stations to its California hydrogen network. FirstElement received grants totaling nearly $27 million from the California Energy Commission earlier this year to build a network of 19 stations around the state.
million for emerging technologies projects as part of a summer-long roll-out of $120 million in clean diesel grants. Most clean diesel grants involve widely used strategies such as retrofits or replacements. Grants included under DERA, in addition to the emerging technologies grants, are: SmartWay Finance Program grants.
Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. million grant ($17-million) to deliver a breakthrough 19-seat hydrogen-electric powered aircraft that is market-ready by 2023. The program kick-off is supported by a new raise of $24.3
In addition, truck fleetsfinanced or purchased through Zero Now will be able to purchase Redeem fuel with a fixed discount to diesel at a significant spread. Among the first fleets taking delivery is Kenan Advantage Group, the US’ largest leading bulk carrier, which has added 24 new near-zero trucks to its fleet through Zero Now.
Conducted by Georgia Tech, the project is financed by a $50,000 Ford College Community Challenge Grant, one of five given annually for a student-led project that matches university resources with an urgent community need related to sustainability. Atlanta Public Schools (APS) donated the bus for the project.
Carbon Zero renewable jet and diesel fuel may be used in today’s airplane, truck, and ship fleets without changes to fueling infrastructure or engines.
The main purpose of the Low-No Program is to support the transition of the US transit fleet to the lowest polluting and most energy efficient transit vehicles. awarded for the Low-No Program will finance the purchase or lease of. funds for the Section 5339(b) Grants for Buses and Bus Facilities.
The work to enable this market access and grid support during the heatwave was made possible by the Nuvve-led INVENT project, funded by an EPIC grant from the California Energy Commission (CEC). Leap operates a leading marketplace for grid flexibility focused on Distributed Energy Resources.
This is consistent with previous studies on the impact of the EU fleet target for passenger cars, which suggests that the 95 g/km target in 2020 can be met without the need for plug-in or hydrogen vehicles, the report noted. This is sensitive to assumptions on fuel price inflation and servicing costs.). beyond small-scale trials).
Developed in partnership with Commercial FleetFinancing, the shuttle bus is projected to be delivered in early 2018. The HVIP grant allowed the purchase of the batteries and electric powertrain, providing UCLA an electric shuttle for the same cost as its fossil-fuel counterparts.
Orange EV, a manufacturer of battery-electric heavy-duty trucks, announced that fleets in the state of New York can now save up to $150,000 per T-Series pure electric terminal truck (the 160 kWh model; the 80 kWh model is approved for a $123,960 voucher). In this way the total fleet capital outlay is directly reduced.
The passenger vehicle fleet doubles to almost 1.7 Renewables increase from 13% of the mix today to 18% in 2035; the growth in renewables is underpinned by subsidies that rise from $64 billion in 2010 to $250 billion in 2035, support that in some cases cannot be taken for granted in an age of increasing fiscal austerity.
StormMQ’s innovative machine-to-machine message queuing was designed for banks and finance houses as a secure and cost-effective method of collating and conveying confidential data. In fleets of conventional diesel or gasoline vehicles, telematics is used primarily as a vehicle tracking device.
Vouchers and grants are available in some regions for zero-emissions vehicles. Ford’s vehicle warranty covers the base chassis for vehicles with the LightningElectric upfit, and Ford Motor Credit financing is available. Deliveries will begin in early 2018. Installation can be completed in just hours by certified installers.
The JU publishes annual calls for proposals (from 2008-2013), on the basis of which funding is granted for research, technological development and demonstration projects. Second, development of financing models for reusable or recyclable components of hydrogen and fuel cell technologies. million (US$110 million). Earlier post.).
The main purpose of the Low-No Program is to support the transition of the US transit fleet to the lowest polluting and most energy efficient transit vehicles. Eligible applicants are designated recipients of FTA grants, states, local governmental authorities and Indian Tribes.
Transit agencies began submitting their proposals after the FTA announced rules for the Transit Investments for Greenhouse Gas and Energy Reduction (TIGGER) grant program as part of the Recovery Act last March. Since President Obama signed ARRA into law in February, grants totaling more than $7.2 The DOT is making $48.1
In the complex logistical ballet of modern commerce, fleet vehicles serve as the lifeblood of countless enterprises, ranging from the acrobatics of urban delivery services to the steadfast endurance of long-haul transport. What are the daily demands of your fleet operation?
The Softbank investment proceeds will therefore be an important component of the equity portion of the project financing as Nemaska continues to work on various complementary financing alternatives, including a USD 300-350 million debt financing and a USD 150-million streaming facility. of the outstanding shares.
The EPA emissions standards require automakers to meet tailpipe emissions limits across their entire fleet using a technology-neutral approach. Because of unique air-quality challenges, California has been granted permission to set more stringent air-quality regulations than the federal governments for over 50 years.
GM also reaffirmed its commitment to improve the fuel efficiency of its vehicle fleet, meet or exceed new federal fuel economy and emissions regulations, and push ahead with advanced propulsion technology. Warrants granted to the New VEBA to acquire newly issued shares in the New GM equal to 2.5% Common equity, 60.8% Earlier post.)
The Equinox EV is an impressive addition to Chevy’s growing fleet of electric vehicles and will be offered in two forms, the LT and RS. We’ll also show you how to save a ton of money by financing your purchase through EV Life. Taking Advantage of Your EV Incentives The only problem with all these incentives, rebates, and grants?
In coming months, the plan notes, the Department of Transportation will work with other agencies to further explore strategies for integrating alternative fuel vessels into the US flag fleet. It will also work in the Trade in Services Agreement negotiations towards achieving free trade in environmental services.
The decision to purchase or lease electric vehicles (EVs) for your commercial fleet depends on several factors, such as whether you want to own your capital assets versus maintaining a more flexible cash flow. In this blog, we will explore the advantages of both owning and leasing a commercial electric fleet.
Significant tax incentives encourage the conversion of trucks and heavy-duty fleets to natural gas vehicles. Also, extends and doubles the credit for vehicles of weight less than 8,500 pounds for commercial fleet vehicles of at least ten cars and purchases of at least three natural gas vehicles. Investing in clean vehicles.
Post Office will be converting a sizeable portion of its fleet of electric vans. Jim O’Leary, NFI vice president of fleet services, said the “enthusiasm and commitment (of the partners) have been indispensable and together, we are revolutionizing the trucking industry and paving the way towards a cleaner, more sustainable future.”
Chevy’s new crossover is an impressive addition to its growing fleet of electric vehicles and will be offered in two forms: the LT and RS. We’ll also show you how to save a ton of money by financing your purchase through EV Life. Enter the Chevrolet Equinox EV. Clean Vehicle Assistance Program. No missed savings.
Running a business in the UK involves careful financial planning, and one aspect that often requires consideration is your company’s vehicle fleet. You’ll know exactly how much you need to budget for your Cupra Formentor lease deal each month, making it easier to manage your finances.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content