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ARTBA says new 54.5 mpg fuel efficiency standard would result in $65+ billion in lost revenue for highway and transit projects

Green Car Congress

By law, these excises are the primary revenue source for financing road, bridge and transit projects. The less motor fuel used by drivers, the less revenue generated for improvements financed through the HTF. mpg by 2016). mpg by 2016). Summary of the analysis. Click to enlarge.

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US EPA rates Nissan LEAF fuel economy as 99 mpg-equivalent (combined); 73-mile range

Green Car Congress

After completion of five-cycle testing, the US Environmental Protection Agency (EPA) has rated the battery-electric Nissan LEAF with an mpg-equivalent rating of 106 city, 92 highway for a combined 99 mpge. —Scott Becker, senior vice president, Finance and Administration, Nissan Americas. EPA fuel economy label for the LEAF.

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ICCT calculates consumer benefits of increased efficiency in 2025-2030 light-duty vehicles in the US

Green Car Congress

According to the analysis, under current standards, buyers of model year 2025 vehicles would fully recoup the extra cost for technology in the vehicle in the third year of ownership under a cash-purchase scenario. These results are shown assuming a 3% discount rate, AEO Reference fuel prices, and cash purchase. Source: The ICCT.

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Lightning eMotors introduces new generation 4 Lightning Electric Transit Class 3 Van; battery-electric and fuel cell electric variants

Green Car Congress

The Gen 4 model achieves 61 MPGe on certified dyno testing, compared to 13 MPG for the gasoline version. 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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Toyota Financial Services issues first Euro-denominated Green Bond allocated specifically to the sales of low-emission vehicles; €600M

Green Car Congress

The €600-million (US$704-million) bond will be used to fund the acquisition of new retail finance contracts and beneficial interests in lease contracts for Toyota and Lexus vehicles that meet specific clean air criteria, including powertrain, fuel efficiency and emissions. Qualifying Lexus vehicles include the CT 200h and ES 300h.

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Mayor of Indianapolis announces plan to modernize city fleet to plug-ins and CNG by 2025

Green Car Congress

Calling it a vital national security issue, Indianapolis Mayor Greg Ballard (a retired Marine officer and Gulf War veteran) signed Executive Order #6, 2012 making Indianapolis the first city in the nation to require the purchase of either electric or plug-in hybrid vehicles for the city’s non-police fleet, and the use of CNG in heavy-duty vehicles.

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Elio Motors launches crowdfunding investment opportunity

Green Car Congress

More than 43,000 people have reserved a place in line to purchase the Elio when it enters production. Elio Motors expects to sell the anticipated 84 mpg vehicle for $6,800. Initial funds from that effort were used to finance the build of Elio Motors next generation prototype, the P5.

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