article thumbnail

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”.

Financing 221
article thumbnail

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

Green Car Congress

American Battery Technology Company , Large-Scale Demonstration of Domestic Manufacturing of Low-Cost and Low- Environmental Impact Battery-Grade Lithium Hydroxide from Unconventional Domestic Sedimentary Resources, $57,744,831. Most of the world’s lithium resources are found in naturally occurring salt solutions, known as brines.

Parts 459
article thumbnail

Senate passes sustainable chemistry act as part of military spending bill

Green Car Congress

Sustainable chemistry, also known as green chemistry, is focused on conserving resources and minimizing the generation and use of hazardous substances in chemical processes. identify other opportunities for expanding Federal efforts in support of sustainable chemistry.

Parts 341
article thumbnail

National Electric Vehicle Sweden halts production while it sorts out financing

Green Car Congress

National Electric Vehicle Sweden (NEVS), the company resurrecting the Saab brand ( earlier post ), has halted production of its vehicles (currently at 6 units per day) while it sorts through financing issues and aligns its strategy with new OEM partners. Ltd, has not fulfilled its contractual obligation to finance the operations, NEVS said.

Financing 225
article thumbnail

POSCO begins construction of S Korea’s first lithium hydroxide plant

Green Car Congress

We will enhance our global competitiveness in lithium and other mineral resources and contribute to the development of domestic industries, including the secondary battery sector, by leading the localization of materials. Earlier post.) The subsequent production of lithium hydroxide will take place in South Korea.

Argentina 369
article thumbnail

CARB launches $25M pilot program to help small trucking fleets transition to zero-emission technologies

Green Car Congress

The California Air Resources Board will launch a new pilot program that aims to help small trucking fleets make the transition to zero-emission technologies. 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.

Fleet 334
article thumbnail

SK On secures US$2B for battery business in Europe

Green Car Congress

SK On has secured a total of US$2 billion as its investment resource for its European battery business with the aid of Euler Hermes, a trade credit insurance institution of Germany, Korea Trade Insurance Corporation, and the Export-Import Bank of Korea. SK On plans to use the secured resources to invest in Plant No.3 trillion (US$2.5

Europe 210