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PHEV conversion company Echo Automotive completes $3M financing, joins CALSTART

Green Car Congress

a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. Echo Automotive, Inc., The terms of this note include conversion features at $0.55

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California ARB approves ACC II rule; 100% of LDVs to be PHEVS, ZEV by 2035; LEV IV emissions requirements

Green Car Congress

The rule establishes a year-by-year roadmap so that by 2035 100% of new cars and light trucks sold in California will be zero-emission vehicles (ZEVs) and plug-in hybrid electric vehicles (PHEVs). Sales of new ZEVs and PHEVs will start with 35% that year, build to 68% in 2030, and reach 100% in 2035. grams per mile down to 0.01

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Argonne study finds BEVs can have lowest scheduled maintenance costs, but highest cost of driving

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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).

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AeroVironment EV dealer program bundles home charger, installation, and warranty with car purchase

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launched a dealer program that provides turnkey residential charging packages to consumers purchasing new electric vehicles (EVs) or plug-in hybrids (PHEVs) and allows them to finance the charger in combination with the vehicle at the time of sale. EVs and PHEVs typically come equipped with a Level 1 120 Volt charger.

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Consumer Reports: most popular electric vehicles cost less to own than the best-selling gas-powered vehicles in their class

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The overall out-of-pocket-costs for many consumers who finance will be lower in their very first year of ownership, despite the fact that the upfront cost of electric vehicles remains higher today than their gas-powered counterparts. Lifetime savings of EVs versus comparable gasoline-powered vehicles.

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Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016

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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. Freedom Fleet vehicles will cost approximately $7,400 per year over that period; saving taxpayers approximately $1,600 per year per vehicle.

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Bloomberg New Energy Finance forecasts plug-in electric vehicles could account for up to 9% of US auto sales in 2020 and 22% in 2030

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million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). The second step models the proportion of consumers within the addressable market that might actually purchase such a vehicle. —Glen Walker, lead transportation analyst at Bloomberg New Energy Finance.

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