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a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. The remaining $25 million will function as a revolving credit facility from which Workhorse may draw down as necessary to meet existing and future purchase orders.
received a purchase order for 500 of its all-electric C-1000 delivery vehicles from Pritchard Companies. Inventory financing will be provided by Hitachi Capital America as part of Workhorse’s previously announced strategic partnership with HCA. Workhorse Group Inc.
Tesla has once again extended a promotion in China for zero-interest financing, following multiple extensions since the benefit first launched earlier this year. Tesla is currently offering the zero-interest financing on all Model 3 and Y trims with the exception of the performance variants. million deliveries to match its 2023 totals.
Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana.
A recent Kantar survey of 2,605 premium car buyers from Germany, the US and China on behalf of Mercedes-Benz Mobility has found that in all three markets, a large majority of respondents can imagine driving an electric car within the next five years. Direct purchase is much less popular with 44% in Germany and 45% in the US.
Volta, a builder of commerce-centric electric vehicle (EV) charging networks, announced an oversubscribed Series D financing of $125 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing.
a provider of cost-effective drone-integrated electric vehicles to the last-mile delivery sector, has entered into a note purchase agreement (NPA) under which it will sell $200 million aggregate principal amount of its 4.0% Workhorse Group Inc., Senior Secured Convertible Notes due 2024 to two institutional lenders.
Given the specific barriers, suggests author Andrea Beltramello, there is a role for government to support the development and diffusion of green vehicles, including through policies to strengthen the markets for green cars. It also reviews government policies in a number of OECD countries as well as a selection of non-OECD economies.
Global Bioenergies has received 13 letters of intent from French and international industrial leaders for purchases totaling 49,000 to 64,000 tons of isobutene and derivatives annually. This IRR would be even higher under optimistic scenarios, with greater demand from high-premium market segments.
The Showroom includes the State EV Policy Dashboard; EV Roadmap Roundup; EV Funding and Financing Guide; EV Tools and Calculators Clearinghouse; AchiEVe Toolkit; Freight Electrification Report; and ZEV State Scorecard. The State EV Policy Dashboard displays the status of 10 leading state EV policy strategies, updated monthly.
The aim of the project is to advance the international market ramp-up of green hydrogen and to use double-auction procedures for this purpose. This means that hydrogen or hydrogen derivatives are bought cheaply on the world market and sold at the highest bid in the EU. The contracts are processed via the intermediary HINT.CO.
START will help customers meet the demand from consumers for transparency on where and how the products they purchase are made. START is a significant step forward for the aluminum industry as the first offering of this kind, setting a new standard on transparency, traceability and responsible production from mine to market.
As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. Under the deal, MONTE will purchase up to 100 ZA600 powertrains to be installed on existing and new Cessna Caravan, DHC-6 Twin Otter, Dornier 228 and HAL-228 aircraft.
This figure includes investment in projects—such as renewables, storage, charging infrastructure, hydrogen production, nuclear, recycling and CCS—as well as end-user purchases of low-carbon energy devices, such as small-scale solar systems, heat pumps and zero-emission vehicles.
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. Tesla prepares for $1.8
The link to the Dutch gas market lays the foundation for a trans-European hydrogen market. The IPCEI program can finance the network construction in part. However, the financing of network operation requires a long-term solution to the charging issue in the EnWG.
Owning a plug-in electric vehicle today will save consumers thousands of dollars compared to owning a gas-powered vehicle, according to a new analysis by Consumer Reports comparing electrics to CR’s top-rated vehicles, as well as the best-selling, most efficient, and best-performing gasoline-powered vehicles on the market.
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 They should achieve reductions in Québec of about 6.1 megatonnes on the 11.7
From CarsDirect : Just as before, Stellantis Financing continues to offer a special financing rate of 1.9% percent] APR financing for 72 months could make the 2025 Dodge Charger Daytona EV a more appealing option to purchase than before. APR for 72 months, but the offers cant be combined.
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).
A new report from Frost & Sullivan, “Strategic Analysis of Inductive Charging for Global Electric Vehicles (EV) Market,” finds forecasts the total market for inductive (wireless) charging will experience a compound annual growth rate of 126.6% from 2012 to 2020, with approximately 351,900 units likely to be sold.
Eligible recipients are: State or local governmental entities responsible for providing school bus service to one or more public school systems; or for the purchase of school buses. Non-profit school transportation associations. Non-profit school transportation associations.
Most of them will be purchased with the funds from the green bonds. Moscow has entered the green bond market to implement the principles of sustainable development and environmental initiatives necessary for the capital. The funds received from the placement of green bonds were earlier used to purchase 400 electric buses.
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. Dealers and their financing partners, leasing and rental companies, or truck-as-a-service providers can serve as providers.
Lightsource bp financed, owns and operates Bighorn Solar and sells the electricity it generates to Xcel Energy under a 20-year power purchase agreement. The Bighorn Solar project is currently generating electricity into the grid and is expected to come fully online in November 2021.
According to the terms of the Cooperation Agreement, Guangzhou GET Investment agrees to provide RMB 4 billion (US$586 million) in financing to help fuel XPeng’s growth as well as support the construction of a new smart EV manufacturing base for XPeng in the Guangzhou Economic and Technological Development Zone.
PACCAR is collaborating with Faith Technologies and Schneider Electric to provide a charging infrastructure package solution for customers that purchase battery electric Kenworth and Peterbilt heavy- and medium-duty trucks in the United States and Canada. PACCAR electric charger with Kenworth K270E and Peterbilt Model 220EV trucks.
This includes more than $2 billion for zero-emission trucks and buses and off-road equipment including school buses, transit buses, and drayage trucks, $33 million for financing for small truck fleets transitioning to cleaner technologies, and $135 million for demonstration and pilot projects, including commercial harbor craft.
Octillion Power Systems, a global provider of advanced lithium-ion storage systems for electric mobility ( earlier post ), announced a new demonstrator program for battery-leasing that allows batteries to be leased to fleet customers when they purchase vehicles. Access to the program will be on a first-come, first-served basis.
The consultation is divided into 3 lots giving rise to a framework agreement (market) of two years and a maximum amount of €133 million each. RATP plans to launch soon a new consultation for the bulk purchase of electric buses in order to continue the rapid conversion of its bus fleet.
The Lux analysts ran scenarios associated with operation and ownership, broken out into fuel cost alone; fuel cost plus operation, but excluding purchase or lease; and fuel cost plus operation, including purchase or lease (total ownership cost). There is no guarantee to OEMs that such a risky bet would work out, Lux cautions.
In response, Air Liquide, Groupe PSA, Schneider Electric and Valeo have set up a Task Force composed of about 30 purchasing and industrialization experts in order to define an action plan to increase the production of Air Liquide Medical Systems respirators.
to finance the development and production of low-carbon fuels and energy transition metals. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% This transaction also offers TMC shareholders exposure to a royalty company that I am confident under Brian’s leadership will become a market leader.
Spinny’s Q1 2025 report highlights a shift in India’s used car market with a preference for automatic and electric vehicles. …Read More The used car market of India has shown a highlighted focus on digital payments, electric vehicles and vehicles with automatic transmission.
The new “sale&care model” offers customers an opportunity to buy, finance or lease the vehicle and to rent the battery for a monthly fee. Purchase, financing or leasing of the vehicle including the battery is also possible. Prices in Germany (including 19% VAT). smart fortwo electric drive. Battery-rent. €65/month.
Emerging markets and developing countries are central to the “decarb” and electrification push, and are themselves maneuvering to attain advanced country status and a higher quality of life for their citizens.
America’s dependence on oil ties our national and economic security to a highly-unpredictable, cartel-influenced global oil market. Each gasoline powered sedan in Indy’s fleet would have cost taxpayers approximately $9,000 per year over the next decade, including purchase, fuel, maintenance and insurance.
The acquisition of the two mines was financed through US$36 million in debt, royalty and stream financing provided by funds managed by Sprott Resource Streaming and Royalty Corp. The balance of the financing proceeds will be used to fund the restart of operations in Namibia and for working capital purposes.
Volkswagen, Stellantis and Glencore are supporting the purchase of the Atlantic Nickel nickel sulfide and the Mineraçao Vale Verde copper mine in Brazil by ACG , a London-listed special purpose acquisition company (SPAC), for US$ 1 billion. Both Stellantis and La Mancha will have the right to nominate one director each to the Board of ACG.
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%
To negotiate the best price at a car dealership, do your homework: research the cars invoice price, get pre-approved for financing and avoid focusing on monthly payments. Fair Price: A reasonable market value based on demand, season and trim level. Check the Current Market Is there a shortage of new cars? Not sure what to check?
for electric vehicle financing. India’s leading non-banking finance company for electric vehicle financing. Akihiro Ueda, CEO, Terra Motors said, “This partnership between Pooja Finelease and Terra Motors will give access to a larger audience and will take care of our North, East and North-Eastern region financing.
Tesla brought its Roadster sports car to market with a 30% gross margin, designed electric powertrains for Daimler (Mercedes) and had done preliminary design of the Model S all before receiving a government loan. Tesla and other US manufacturers are in a strong position to compete for this growing global market.
This is the highest CARB dynamometer-certified efficiency rating for any Class 3 vehicle currently in the market. Lightning eMotors Credit and Ford Motor Credit financing is available along with electric vehicle vouchers and incentives, which are accessible in many states. Last week, Lightning eMotors and GigCapital3, Inc.,
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