article thumbnail

Massachusetts announces additional $2M for electric vehicle rebate program

Green Car Congress

An additional $2 million will be allocated to the Massachusetts Offers Rebates for Electric Vehicles (MOR-EV) program. The electric vehicle rebate program, administered by the Department of Energy Resources’ (DOER), offers rebates of up to $2,500 to Massachusetts residents who buy or lease electric vehicles.

article thumbnail

PGE and SunRun Create $100M Home Solar Financing Fund

Green Car Congress

a provider of home solar financing, announced a $100-million tax equity project financing agreement to fund SunRun’s installation of more than 3,500 new home solar installations across the nation. SunRun offers home solar power without high upfront costs through power purchase agreements (PPAs) and solar leases.

Financing 170
article thumbnail

Abandoned History: Oldsmobile's Guidestar Navigation System and Other Cartography (Part VI)

The Truth About Cars

But behind the layers of finance and paperwork, Guidestar GPS was developed. & In case you were curious, in 1996 Guidestar worked in California, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Maryland, Maine, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Rhode Island, Vermont, and Virginia. Let me know.

Parts 115
article thumbnail

A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

Green Car Congress

companies, so we also believe that we will continue to expand on our strong manufacturing and systems engineering capabilities in Michigan and Massachusetts. Pursuant to the terms of the definitive agreements, Wanxiang would provide A123 with up to $75 million in initial debt financing under a Senior Secured Bridge Facility.

Convert 231
article thumbnail

8-state alliance releases action plan to put 3.3M ZEVs on their roads by 2025

Green Car Congress

The partner states are California, Connecticut, Maryland, Massachusetts, New York, Oregon, Rhode Island and Vermont. It also includes working with automakers and dealers to identify, evaluate, and implement creative financing approaches and other effective strategies to reduce vehicle purchase price and increase ZEV sales.

Plug-in 244
article thumbnail

Avis Budget group to acquire car-sharing company Zipcar in cash deal for approximately $500 million

Green Car Congress

In particular, Avis Budget expects significant cost reductions across the fleet life cycle (from procurement to operations and maintenance to disposition, as well as financing), in addition to savings from eliminating Zipcar’s public-company costs. The companies expect substantial synergies in fleet utilization. Source: Avis Budget.

Companies 218
article thumbnail

US DOT Awards $100M in Recovery Act Funds to 43 Transit Projects to Reduce Energy Consumption and Greenhouse Gas Emissions

Green Car Congress

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.

Emissions 256