This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
This rapid growth in demand has been further amplified with the passage of the “Inflation Reduction Act” (IRA) in the Fall of 2022, which includes mechanisms to incentivize electric vehicle manufacturers and consumers to purchase electric vehicles (EVs) that source battery metals from domestic manufacturers.
This is an extension of the Plug-In Car Grant which offers 25%—up to £5,000 (US$7,700)—to motorists buying a new plug-in car. Ministers have also re-confirmed there is funding secured for this grant until 2015. The consumer will also benefit from lower running costs over the lifetime of the vehicle.
New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. The top 5 countries with the highest motor tax revenues are: Germany ? United Kingdom ?
The purchase, supported by the Center for Transportation and the Environment, continues to support MTD’s 2014 strategic plan which includes a goal to deliver high quality traditional and innovative transportation services that are safe, reliable, environmentally responsible, and user friendly. Testing at Altoona. Credit: Penn State.
The Texas Commission on Environmental Quality (TCEQ) is accepting applications for the Texas Natural Gas Vehicle Grant Program (TNGVGP) to improve air quality. These Texas Emissions Reduction Plan (TERP) grants provide up to $37.8 Grant applicants must go through a participating dealer under contract with the TCEQ in order to apply.
billion in grants to US-based manufacturers to produce batteries and their components and to expand battery recycling capacity; $500 million in grants to US-based manufacturers to produce electric drive components for vehicles, including electric motors, power electronics, and other drive train components; and. General Motors.
We’re proud to have helped secure over $10 million for our customers through last year’s Low-No grant program. Having experts with a successful track record to assist transit agencies can make all the difference with these competitive grants. BYD bus and motor coach models meet all Buy America and FMVSS Rolling Stock requirements.
The purchase of the eco-friendly vehicle was subsidized by the NFO?iGW The “Kangaroo” program is a fund established under the aegis of the Green Investment Scheme, which provides numerous Polish cities and towns with funding to purchase electric school buses. This financial support was also granted to the commune of Gr?boszów.
After receiving a $10-million grant from the GO! The DuoPower drivetrain features two electric motors that deliver 510 horsepower, accelerating a Catalyst bus from 0-20 mph in about five seconds, while also achieving an industry-leading 24.6
American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). Earlier post.) Earlier post.)
Under this Agreement, SAIG purchased the Balqon electric drive system for integration into a 22-foot bus chassis. The agreement includes purchase of Balqon’s proven electric drive system, featuring its proprietary ZEVQON Flux Vector AC controller ( earlier post ), and HIQAP high-energy lithium-ion battery packs ( earlier post ).
Following a competitive grant solicitation, the California Air Resources Board has chosen San Diego-based nonprofit organization Pedal Ahead as the administrator to implement California’s statewide Electric Bicycle Incentive Project. The equity-focused program is expected to launch officially in the first quarter of 2023.
The Port of Los Angeles has awarded Vision Motor Corp a contract in an amount not to exceed $1,400,000 to retrofit up to 15 Port-owned electric trucks with Vision’s range-extending hydrogen fuel cell electric hybrid system. The Port will initially issue a purchase order for six retrofits. Earlier post.) Earlier post.).
The airplane, nicknamed Lightning McClean, took off at 8:41am PST from Grant County International Airport (KMWH) and flew for 15 minutes, reaching an altitude of 3,500 MSL. The powertrain does not use a battery—the fuel cells drive the electric motor directly—reducing weight and cost significantly.
The credit generally is available for vehicles purchased after 2005. The alternative motor vehicle credit is not allowed against the alternative minimum tax. The base amount of the plug-in electric drive motor vehicle credit is $2,500, plus another $417 for each kWh of battery capacity in excess of four kilowatt-hours.
million in grants to eligible individuals, businesses, governmental entities, and school districts, to replace older diesel vehicles with new alternative fuel and hybrid vehicles. The eligible reimbursement amounts range between 50% and 80% of the purchase costs depending on the model year of the vehicle and engine being replaced.
Like the Recovery Act-funded projects, the annual Clean Cities projects include grants for vehicles, infrastructure, and education. Team partners will purchase a total of 191 commercially available light- to heavy-duty alternative-fuel and advanced-technology vehicles. Last week, the Department of Energy also announced that.
million in tax credits and up to $200,000 in training grants to Electric Motors Corporation (EMC), based on the company’s plans to establish an electric vehicle industrial development park the state. This is the State’s first such grant under its incentive program to a company in the electric drive systems category.
Mitsubishi Corporation (MC) will provide 507 units of the i-MiEV electric vehicle manufactured by Mitsubishi Motors (MMC)—the largest single provision since sales of the EV started—to the Estonian Government. subsidy programs for consumers who purchase electric vehicles, to be introduced by the end of 2012.
Canada-based GreenPower Motor Company ( earlier post ) and its California factory direct dealer, School Bus Sales of California, have secured commitments for eleven batteery-electric Synapse 72 school buses from six different school districts in South Coast and North Coast California districts. Synapse Shuttle.
Tesla Motors, Inc. In addition, the company has granted the underwriter a 30-day option to purchase up to an additional 795,000 shares of common stock. Tesla Motors intends to use a portion of the net proceeds from this offering and the concurrent private placement to fund the development of its Model X crossover vehicle.
The contract stems from a Federal Transit Administration (FTA) grant received by StarMetro to pursue fast-charge, electric transit buses and charging stations. Six other urban transit agencies received similar FTA grants. General Motors Ventures LLC invested $6 million in Proterra earlier this year. Earlier post.)
Tesla Motors announced its initial public offering of 13,300,000 shares of its common stock—an increase of 20% over the planned offering—at a price to the public of $17.00 per share—above its earlier indicated range of $14 to $16 a share. The shares will begin trading today on the NASDAQ Global Select Market under the ticker symbol “TSLA.”.
The economic impact of a General Motors or Chrysler bankruptcy is being debated across the country. But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Laura Marcero.
If indicators remain positive, Goodyear expects consumers will be able to purchase tires made with soybean oil as early as 2015. The United Soybean Board (USB) is helping fund the Goodyear project with a grant of $500,000 over two years.
Providing basic information on electric vehicles increases interest in the vehicles—the study showed 21% of consumers were more likely to purchase an electric vehicle after being educated about the facts on the vehicles. Only 30% of New Yorkers are knowledgeable about the specific benefits and limitations of electric vehicles.
Toyota Motor Sales, Inc. The CVRP program offers rebates to individuals, business owners, non-profit groups, and government entities that purchase or lease new eligible zero-emission or plug-in hybrid electric vehicles. These grants are available when a vehicle is either purchased or leased for 36 months or longer.
Ford Motor Company has entered into a definitive agreement to sell Volvo Car Corporation and related assets to Zhejiang Geely Holding Group Company Limited. The purchase price for Volvo Cars and related assets (primarily intellectual property) is US$1.8 Click to enlarge. Volvo is Volvo and Geely is Geely.
Meanwhile, the Royal Automobile Club’s (RAC) latest Report on Motoring 2011 suggests that nearly 50% of drivers think that the price of greener vehicles is prohibitive. Our AA/Populus panel reflects the views of motorists.The cost of fuel is top of drivers’ concerns.
Earlier in July, ZENN Motor Company Inc. The new investment represents the exercise of the maximum additional investment option available to ZMC which was to acquire 117,757 shares at the same price-per-share as the original equity investment granted to ZMC pursuant to the share purchase agreement between ZMC and EEStor dated 30 April 2007.
Manufactured by GreenPower Motor Company and expected to arrive by early 2018, the ten new GreenPower EV350 40-foot electric transit buses and the charging infrastructure will service all nine of the Porterville Transit routes in the disadvantaged communities of Porterville, East Porterville, Strathmore and the Tule River Indian Reservation.
Zhongshan Broad-Ocean Motor Co., Founded in 1994, Broad-Ocean is a global manufacturer of motors that power small and specialized electric machinery for electric vehicles (EVs), including buses, commercial vehicles and passenger vehicles, and for heating, ventilation and air conditioning (HVAC). ownership interest.
A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.
Azure Dynamics Corporation and Ford Motor Company announced that New York Power Authority (NYPA), the nation’s largest state public power organization, has been added to the LEAD customer program for the Ford Transit Connect Electric van.
Transit agencies began submitting their proposals after the FTA announced rules for the Transit Investments for Greenhouse Gas and Energy Reduction (TIGGER) grant program as part of the Recovery Act last March. Since President Obama signed ARRA into law in February, grants totaling more than $7.2 The DOT is making $48.1
Ford Transit Connect Electric is a collaborative effort between Ford Motor Company and Azure. The company will also provide $20,000 grants from its Chairman’s Fund to support the purchase of 11 additional Ford Transit Connect Electric vans for its project partners. The city of Saint Paul, Minn.,
Effective immediately, the United Kingdom has announced it will no longer supply EV grants for most consumer purchases. The grant system, launched in 2011 as part of a system to kick start the EV sector in the UK, has ended for most consumers, only leaving grants available for vehicles in niche and commercial uses.
DeepRoute.ai , an international autonomous driving technology company, announced a leading-edge Robotaxi fleet comprising 30 SAIC Motor MARVEL R SUVs equipped with DeepRoute’s proprietary L4 Driver 2.0 will begin in 2024 and be available for consumer purchase afterward. DeepRoute.ai DeepRoute.ai DeepRoute.ai
Our project to purchase 130 electric articulated buses, supported by European funds, is one of the largest e-mobility investments in Europe. The drive unit of the electric articulated buses for Warsaw will consist of an axle with two 110 kW electric motors. ski, CEO of Miejskie Zak?ady ady Autobusowe.
Currently, Wisconsin is just one of many states in which Tesla buyers must drive out of state to purchase and pick up one of the company’s vehicles, due to laws requiring automakers to sell vehicles through a dealership. READ MORE ON DIRECT SALES LAWS: Tesla granted license for direct vehicle sales in Kentucky Across the U.S.,
Green Commuter, an LA-based startup introducing a vanpool and car share service there with a fleet of Tesla Model X vehicles ( earlier post ), has received a $750,000 grant from the Chattanooga Area Regional Transportation Authority (CARTA) to launch an electric car sharing service in the Tennessee city.
Jeep has confirmed that the next Compass can only be had with all-wheel drive if youre willing to purchase the top electric variant at least insofar as the European market is concerned. From Motor1 : Jeep claims the all-wheel-drive variant uses a rear motor not shared with other Stellantis group models.
Canadaa-based GreenPower Motor Company has entered into a sales contract to supply 10 GreenPower EV350 40-foot zero-emission all-electric transit buses with the City of Porterville in California for deployment on all nine Porterville Transit routes.
The amount consumers receive depends on the model and year of their Toyota, and the state in which the car was purchased. The agreement also provides $30 million in education grants to independent academic institutions to further the study of auto safety and to enhance driver education. In a statement , Christopher P.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content