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New report showcases innovative finance tools to electrify truck, bus fleets; TCE Toolkit

Green Car Congress

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”.

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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

Green Car Congress

Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. The 2Q figure, at $3.9 billion raised, is the lowest quarterly total since 2Q 2020.

Financing 243
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Greaves Finance partners with ElectricPe to make EV financing more accessible | Autocar Professional

Baua Electric

Greaves Finance Limited, a wholly owned subsidiary of Greaves Cotton Ltd, under its electric vehicle ownership platform evfin, has partnered with ElectricPe, to make EV buying more accessible via buyback programmes such as smart.fin and ride.fin in two-wheeler EV financing. Sandeep Divakaran, CEO, Greaves Finance Ltd.,

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Revamp Moto partners with loan providers for 2W financing solutions – ET Auto

Baua Electric

The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% and 15%, with a repayment period extending up to five years. and 15%, with a repayment period extending up to five years.

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Tesla implements subtle interest rate hike for financed vehicles

Teslarati

Tesla’s list prices for its vehicles have not experienced a notable rise recently, but the EV maker has initiated a more subtle price increase for its financed vehicles nonetheless. As could be seen in Tesla’s online payment calculator, the featured financing rate is now 3.74% APR, a 0.5%

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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

Green Car Congress

Construction is expected to begin in 2023, subject to permitting and project financing, with first production targeted for 2025. As part of the fluorinated solutions business group of Orbia, a publicly traded global corporation with total revenues of $8.7 Furthermore, the material degrades over time and is costly to import to the US.

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Elon Musk’s new financing efforts on hold amid Twitter deal uncertainties: report

Teslarati

Elon Musk’s efforts to secure new financing that will limit his cash contribution for his planned acquisition of social media platform Twitter has reportedly been put on hold. This financing is reportedly designed to further reduce Musk’s cash contribution for Twitter’s buyout.

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