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Plug-in electric vehicles, including plug-in hybrids and battery electric vehicles, have the potential to make up 9% of US auto sales in 2020 and 22% in 2030 (1.6 million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). Last week, J.D. million units in 2020, or some 7.3%
Experian Automotive released findings from an analysis of the US hybrid vehicle segment showing that market share of hybrid vehicles has increased by 40.9% Snapshot of a typical hybrid owner. As part of the analysis, Experian Automotive also reviewed some of the financial attributes of hybrid vehicle loans. lease and 78.6%
Tesla Motors, in partnership with Wells Fargo and US Bank, has created an automotive financing product that combines elements of ownership and leasing for Model S customers. Elements of the new program include: US Bank and Wells Fargo have agreed to provide 10% down financing for purchase of a Model S (on approved credit.).
GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. CDF already provides inventory financing for other brands of alternative fuel and hybrid motorsports products.
a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. Echo Automotive, Inc.,
The study considers five different powertrains (internal combustion engine, hybrid-electric, plug-in hybrid-electric, fuel-cell-electric, and battery-electric) and 12 cost components (purchase cost, depreciation, financing, fuel, insurance, maintenance, repair, taxes, registration fees, tolls and parking, payload capacity and labor).
launched a dealer program that provides turnkey residential charging packages to consumers purchasing new electric vehicles (EVs) or plug-in hybrids (PHEVs) and allows them to finance the charger in combination with the vehicle at the time of sale. AeroVironment, Inc.
(collectively, Fisker Automotive) have entered into an asset purchase agreement with Hybrid Tech Holdings, LLC (Hybrid) for the sale of substantially all Fisker assets. Hybrid is the lender under an approximately $170-million loan secured by first liens on substantially all of Fisker Automotive’s assets. Earlier post.).
Coca-Cola is converting all of its newly purchased 2014 Chevrolet Express service vans into fuel-efficient hybrid-electric vehicles using XL Hybrids’ powertrain technology. The latest version of the XL Hybrids system features an inline traction motor delivering 40 kW, along with a 1.8 Earlier post.)
DOE plans ( DE-FOA-0001236 ) to issue in the February 2015 timeframe a funding opportunity (DE-FOA-0001237) to develop and to implement effective purchasing/procurement processes designed to coordinate and consolidate bulk alternative fuel vehicle and advanced vehicle orders and thus reduce the per-unit prices of commercially-available vehicles.
The partnership establishes an investment fund to finance $65 million in solar projects to assist Honda and Acura customers with the initial cost of solar power installation. A 20-year lease or power purchase agreement term applies. SolarCity and American Honda Motor Co., No down payment or security deposit is required.
The study looked at several powertrains: internal combustion engine, hybrid electric vehicle, plug-in hybrid electric vehicle, fuel cell electric vehicle and battery electric vehicle. Overall, hybrid electric vehicles tend to be the lowest-cost powertrain.
million to help California consumers purchase plug-in hybrid and zero-emission cars and light trucks. Funding for this year’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project was increased by $10 million to $15 million. Funding was approved for three specific programs.
These will include flexible financing, short-term rentals, and full-service leases, such as all-inclusive truck-as-a-service options with enhanced incentives and fueling support. The pilot is within the larger Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP).
has signed a purchase agreement with Textron Aviation for up to 150 Cessna Grand Caravan EX single-engine turboprop aircraft, with an initial fleet order of 100 aircraft and an option for 50 more. Hybrid electric Grand Caravan. Hybrid electric Grand Caravan. Surf Air Mobility Inc., a Textron company.
ALTe Powertrain Technologies, developer of a range-extended plug-in electric hybrid powertrain for light commercial fleet vehicle applications, has created a Commitment to Action to spur adoption of hybrid electric technology in the worldwide fleet industry as part of the Clinton Global Initiative America (CGI America) meeting.
Based on an analysis of various cost of ownership scenarios for various drivetrains, including internal combustion engine (ICE) gasoline and diesel; hybrid (HEV); battery-electric (EV); plug-in hybrid electric (PHEV); and fuel cell vehicles, Lux Research concludes that fuel cell vehicles (FCVs) are “ solidly in a laggard position. ”.
The PACC 2020 is self-financed from the carbon market and the extension until 2014 of the fuel levy and fossil fuels. The action plan and strategy adaptation represent a total investment of nearly C$2.7 billion (US$2.6 Almost 63% (C$1.7 Almost 63% (C$1.7 GHG emissions in Québec reached their historic peak in 2003 to 6.8%
Americans are much less likely than consumers in other major industrialized countries to purchase an electric vehicle or hybrid, largely because of concerns over access to charging stations away from home, according to a survey by global consulting firm OC&C Strategy Consultants.
The Commonwealth Bank of Australia (CBA) has partnered with Tesla to offer low-interest financing on electric vehicle (EV) purchases. The CBA says that the lowered interest rates are available for eligible customers who finance sustainable products, such as EVs and hybrids. percent who do today. Tesla prepares for $1.8
The City of Indianapolis will upgrade 425 non-police-pursuit sedans in its muncipal fleet to plug-in hybrid and battery electric vehicles by early 2016, cut the size of the fleet by 100 vehicles, and save $8.7 million over ten years. The Indy fleet would be the largest municipal fleet of electrified vehicles in the US.
This purchase represents an order potential of nearly 800 buses (of which about 200 are in firm order), financed 100% by île-de-France Mobilités (in direct grant or via the contract île-de-France Mobilités – RATP). The RATP fleet, consisting of 4700 bus, already includes 950 hybrid, 140 bio-methane and 83 electric buses.
However, the document not only provides a detailed look at the finances of the company, it also provides a quick recap of recent technology developments and some insight into the company’s immediate research priorities. Hybrid propulsion and alternative fuel vehicles. Details of the offering—i.e., Vehicle energy use.
The overall out-of-pocket-costs for many consumers who finance will be lower in their very first year of ownership, despite the fact that the upfront cost of electric vehicles remains higher today than their gas-powered counterparts. Lifetime savings of EVs versus comparable gasoline-powered vehicles.
The program commits city departments to the leasing of pure battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) to replace aging city vehicles, including those with conventional internal combustion engines. The announcement came on the eve of the US-China Climate Leaders Summit to be hosted in L.A. this week.
China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. Focus on supporting the development of the electric traction motor, power electronics, and electric ancillaries. Fuel cell stack research.
Consumers who purchase an electric vehicle will find that lifetime costs to own the vehicle are competitive with conventional and hybrid vehicles, according to an analysis conducted by the Electric Power Research Institute (EPRI). The study is based on pricing for the automotive products for the 2013 model year.
Lightning eMotors Credit and Ford Motor Credit financing is available along with electric vehicle vouchers and incentives, which are accessible in many states. Over the past 10 years, HVIP has committed to supporting the purchase of more than 4,000 zero-emission trucks and buses with vouchers requested by California fleets.
It is available to both private and business customers and can be purchased either independently when a vehicle is purchased or in combination with a leasing or financing agreement. Customers can purchase the insurance directly from their Mercedes-Benz dealer. kWh/100 km) in the future.
One such program is the popular Clean Cars 4 All, which provides up to $9,500 to help income-qualified Californians upgrade an older, dirty car to a new or used zero-emission plug-in electric car, plug-in hybrid or hybrid car. 843 million for heavy-duty and off-road equipment investments.
The company is building on nearly two decades of battery expertise by centralizing a cross-functional team of 150 experts in battery technology development, research, manufacturing, planning, purchasing, quality and finance to help Ford develop and manufacture battery cells and batteries more quickly.
Stationary Fuel Cells and Hybrid Transit Buses Incremental Costs: The purchase of diesel-electric hybrid transit buses and stationary fuel cells for use in the statewide bus system in Connecticut. Statewide Paratransit Bus Hybrid Program: Purchase 31 paratransit hybrid buses to replace 31 gas and diesel vehicles.
XL Hybrids’ retrofit/upfit XL3 Hybrid Electric Drive System is now available for the GM 3500/4500 Cutaway/Cab Chassis beginning with MY2011 vehicles. For fleets that use FTA funding, the XL3 can be purchased by transit agencies for less than $5,000, and is the lowest cost hybrid system offering a payback in less than two years.
The board also approved the purchase of charging infrastructure for e-buses and e-hybrids with two suppliers, Spie-Ekoenergetyka and Heliox. Both suppliers will install half of the order that will enable De Lijn to charge the initial e-buses and e-hybrids at their depots.
Sales of plug-in vehicles (PEVs) in 2013 will continue to outpace the first years of hybrid vehicle sales as more than 210,000 PEVs will be sold globally and more than three dozen PEV models will debut, according to a year-end free whitepaper published by Pike Research, that makes 10 specific predictions about electric vehicles in 2013.
The individual configuration will no longer be set through the hardware when the vehicle is purchased. Volkswagen has earmarked around €16 billion for investment in the future trends of e-mobility, hybridization and digitalization up to 2025. Future vehicle generations will be produced with a much small number of versions.
The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler. With the latest round of financing secured, Sila Nano has begun ramping up production volume and plans to supply its first commercial customers in consumer electronics within the next year.
California accounts for 11% of the national market of annual new car sales, and well as more than 20% of conventional hybrid vehicle (i.e., At stake, the paper argues, is the future of the electric vehicle market. non-plug-in) in the US. Plan for and facilitate deployment of a well-planned and easy-to-use charging infrastructure network.
We are already making measurable progress, which will continue to have a noticeably positive impact on earnings—whether in terms of sales, the cost of materials or indirect purchasing. —Nicolas Peter, Member of the Board of Management of BMW AG, Finance.
Our experience with the Volvo LIGHTS project was a major factor in NFI’s decision to purchase VNR Electric trucks for our drayage operations. Thirty of the trucks will be deployed with funding support from California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). Earlier post.). emission heavy?
Automakers can meet the goals by manufacturing hybrids, plug-in hybrids, fuel-efficient gas cars, or any other viable technology that reduces tailpipe pollution. If they dont manufacture cleaner vehicles, they can meet the standards by purchasing credits from manufacturers who do.
Although sales of plug-in vehicles (plug-in hybrid-electric and battery-electric vehicles, collectively PEVs) in the US climbed more than 80% in 2013 to more than 96,000 units (Tesla has not yet released its final figures) from 52,835 units in 2012 EDTA ), the 2013 results still reflect a meagre new light-duty vehicle market share of ~0.6%
Each of the four recipients will match a percentage of the grant amount with their own funds to purchase compressed natural gas-powered vehicles; retrofit diesel engines with cleaner technology; replace older, more polluting diesel buses with cleaner diesel buses; or purchasehybrid electric-powered buses.
Included in the purchase is a residential monitoring system, which includes the ability to track the performance of their solar system on the web or through an iPhone application. Affordable financing options for the solar system are available through SunPower. This price point does not include local sales tax.
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