Ryder Awarded First-of-Its-Kind Natural Gas Heavy Duty Truck Rental and Leasing Project Using $19.3M in Stimulus Funding

Green Car Congress

In addition to reducing emissions, with natural gas fuel prices significantly and consistently lower than diesel fuel, Ryder customers who incorporate natural gas vehicles in their fleet have the opportunity to realize additional cost savings. The San Bernardino Associated Governments (SANBAG) Board has selected Ryder System, Inc. as its fleet partner in a groundbreaking heavy-duty natural gas truck rental and leasing project in Southern California. Ryder will use $19.3

Even with $8,000 tax credit extended, fuel-cell lease prices won't change, automakers say

Green Car Reports

An $8,000 federal tax credit on qualifying hydrogen fuel-cell passenger vehicles has been extended through January 2022 though the latest economic stimulus bill passed by the U.S.

2020 102
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Argus: China’s Southern Rare Earth ups Tb, Ho, Gd, Dy prices; rising magnet demand

Green Car Congress

Chinese medium and heavy rare earths producer Southern Rare Earth has continued to raise its weekly prices for terbium, holmium, gadolinium and dysprosium, supported by a shortage of spot supplies and firmer magnet demand, according to Argus. Rapid developments in China’s new energy vehicle (NEV) industry has fueled consumption of rare earth permanent magnets and bolstered rare earth feedstock prices, such as praseodymium-neodymium, dysprosium, terbium, gadolinium and holmium.

2020 159

Study Concludes Cash for Clunkers Program Is an Expensive Way to Reduce Carbon; Paying Nearly 10x the Projected Price of Carbon Credits

Green Car Congress

program is paying nearly 10 times the projected price of carbon credits per ton in the best-case scenario, according to an analysis of the implied cost of carbon dioxide reductions under the program by UC Davis transportation economist Christopher Knittel. While carbon credits are projected to sell in the US for about $28 per ton (current price in Europe is about $20), Knittel found that the best-case estimates of the cost of the clunkers rebate is $237 per ton.

EGEB: Global megacities call for a ‘green recovery’ for public transport

Electrek

In today’s Electrek Green Energy Brief (EGEB): C40 mayors, transport workers, and unions call for stimulus funding for public transport. Tesla now offers price matching, so it’s important to shop for the best quotes.

Germany and Namibia form partnership for green hydrogen

Green Car Congress

The Federal Research Ministry will provide up to 40 million euros in funding from the economic stimulus package for cooperation within the framework of this partnership. This would be the most competitive price in the world which would be a huge locational advantage for hydrogen ‘made in Namibia’. Previous analyses have shown that desalination only has a very minor effect on the price of hydrogen as it accounts for only about 1% of production costs.

IEA: global carbon dioxide emissions have rebounded strongly

Green Car Congress

In March 2020, the IEA urged governments to put clean energy at the heart of their economic stimulus plans to ensure a sustainable recovery.

Continental Mobility Study 2020 finds many people still have doubts about EVs

Green Car Congress

Only in France is the price the most discouraging factor. In Germany, these have been increased as part of the stimulus package to alleviate the impact of the coronavirus pandemic on the economy; in China, the premiums that were set to expire have also been extended.

2020 226

ITF: worldwide transport activity to double by 2050, emissions to rise 16% compared to 2015

Green Car Congress

Gearing stimulus packages towards decarbonization. Implementation of climate policies, especially those that involve pricing mechanisms, should account for the specific impacts on different groups of society.

2015 234

Opinion: Saudi Arabia Continues To Turn Screws On US Shale

Green Car Congress

The resulting crash in oil prices is forcing some production out of the market, and Saudi Arabia intends for the brunt of that to be borne by others. There is a lag between movements in the oil price and corresponding changes in production. But the effects of the oil price crash are now being felt. Despite Saudi Arabia producing at its highest level in more than 30 years, oil prices have climbed back from their lows. by James Stafford of Oilprice.com.

RFF papers explore differing outcomes of higher gasoline taxes on public transit and rural areas

Green Car Congress

negative welfare impacts of higher gasoline prices, note Resources for the Future (RFF) post-doc researcher Elisheba Spiller and her colleagues in a pair of discussion papers exploring two different outcomes of higher gasoline taxes. The first paper, “Does the Substitutability of Public Transit Affect Commuters’ Response to Gasoline Price Changes?” This, in turn, allows them to measure the effect of public transportation on commuters’ sensitivity to gasoline prices.

2012 214

3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

Green Car Congress

It might be that we see quite a dramatic reduction in replacing the capacity and of course that will have an impact, eventually, on price.”. That will prevent any short-term price spike even if depletion surpasses new production. A sharp rise in oil prices would spur new investment and new drilling. The price acts as a self-correcting mechanism. Supply overshot demand, crashed prices, and in response, supplies will undershoot demand in the next few years.

2016 163

Study finds solo hybrid drivers in California HOV lanes amplify congestion, create up to $4,500 per car in adverse social costs annually

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However, two-thirds of the sticker registrants had hybrid cars already on the road, the authors noted; in other words, the stimulus effect was lower than expected. Policymakers could ration HOV access via congestion pricing, which could relieve congestion and improve air pollution.

2014 237

Pike forecasts 26.4% CAGR for electric-drive buses to 2018; hybrid, battery-electric and fuel cell

Green Car Congress

This latter development is due as much to the fact that developed bus markets may experience a general slowdown, due to austerity measures and the end of stimulus funding, as to any changes in demand for electric drive. Europe is behind on hybrid bus deployments, although stimulus. grants to offset the price premium. been the cost premium over a conventional diesel bus or a CNG bus.The price premium is even more considerable for fuel cells and battery electric buses.

2012 231

Oil sands growth to push Canadian crude production to about 4.7M bpd in 2025, up 67% from 2010; in situ production takes lead in 2016

Green Car Congress

Expanding access to existing markets in the US and diversifying into Asian markets are important to enable this production growth and to ensure Canadian producers receive competitive prices for their products. While the economic downturn in 2009 saw many oil sands projects deferred, an improved investment climate, more robust commodity prices and market demand for Canadian crude provided the stimulus for several projects to return to active development in 2010.

This is How the COVID-19 Pandemic Affect The Global EV Market

Get Electric Vehicle

CO2-emission restrictions have a big impact on market conditions because they challenge automakers to make more fuel-efficient cars and the incentives from the state, such as buying price discounts and tax cuts, have a significant impact on market demand.

IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

Green Car Congress

March appears to have been solid, on preliminary data, and April may even reach prior-year volumes thanks to strong government stimulus, but we do not see all of the lost volume being made up. Meanwhile, in Russia, the combined negative impact of historically low crude oil prices and pandemic-induced lockdowns will undermine the country’s already weak growth, which will disrupt truck demand.

2020 172

Pike Research forecasts 37% CAGR for EV charging equipment, with 2.4 million units sold in 2020; wireless charging to show strong growth

Green Car Congress

The market will be limited initially by the high price tag, but Pike expects this to drop steadily throughout the forecast period. Although EVSE sales have been driven by federal stimulus dollars in 2011–2012, these projects are winding down, so sales will shift to non-publicly funded units. Currently, it seems likely that “all you can eat” subscription plans and single price per charge models will be.

2012 228

Worldwatch Institute report finds global energy intensity increased in 2010 for second year in a row

Green Car Congress

In addition to technological advances, price developments play a key role in determining overall energy usage, Worldwatch notes. World crude oil prices more than tripled between 2004 and 2008—the fastest rise since the oil crisis of the late 1970s—contributing to the sharp decline in energy intensity during that period. But after the second half of 2008, when international oil prices dropped 75%, global energy intensity started rising.

2011 205

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel.

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. The DB team attributed the reduction to less concern about gasoline prices, and therefore fuel efficiency, as well as fewer government subsidies for hybrids. Aggressive near-term OEM lease pricing.

2011 212

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Biofuel projects are going to have trouble getting financing from Wall Street this year because all of them have questions about the long term pricing of petroleum; most of them have concerns about the pricing stability of their feedstocks; and many of the cellulosic projects have concerns about the conversion technologies. As another panelist pointed out, “ The New York Times is well-equipped to write the article about how Stimulus Funds have been wasted ”. Post-Stimulus.

PwC industry survey provides check-up on determining factors for EV success

Green Car Congress

hybrids and plug-in hybrids vs. battery EVs); pricing; power generation investment and capacity; funding and developing an infrastructure; and energy sources for electricity. This is already a reality as governments around the world have offered billions of dollars in the form of loans, grants, and rebates through various stimulus programs. However, as fuel prices escalate, the demand for an EV or hybrid vehicle will likely increase in the near-term.

2011 174

Pike Research forecasts global biofuels market to double by 2012 to $185.3B

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Ultimately, widespread commercialization will depend on whether these ventures can reach price. Although growth is expected to climb steadily through 2016, more robust growth is expected between 2017 and 2021, as a combination of higher oil prices, emerging mandate obligations, availability of new feedstocks, and the scaling up of advanced technologies drive increased investment in the industry. Governments are expected to retreat from stimulus investment highs, shifting financing.

2012 215

Feds Offer Free Chargers

Revenge of the Electric Car

Nine United States regions will receive 4,600 free chargers for public and private use through the ChargePoint America program, funded in part by $15 million in stimulus funds administered by the Energy Department. Early adopters who buy an electric car, already set back by the cost of the vehicle, may have their mood further soured by the need to also buy a home charger, with an average price of about $2,000.

2010 118

Chipping away at the ICE

Electric Auto Association

For example, when a historic downtown area is undergoing a revitalization, I make sure it’s widely known that EV charging stations bring more tourism to town and provide economic stimulus.

Auto 65

Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

Green Car Congress

The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. Without the CAFE standard and stimulus monies to promote green vehicle tech, the industry would not be headed toward a greener horizon. In examining the latest EIA data for average retail prices of electricity, it shows the average retail price in the USA is 9.74

2011 188

CMU study explores optimizing PHEV design and allocation to minimize life cycle cost, petroleum consumption, and GHG emissions

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Under our base case assumptions, life cycle costs and GHGs of HEVs and PHEVs are comparable, particularly for drivers who charge frequently, and the least-cost solution is sensitive to the discount rate and the price of gasoline, electricity, and batteries. Consumers are often observed to use discount rates above 10% in practice, so battery pack costs significantly below $400/ kWh may be needed to drive mass consumer adoption unless gasoline prices rise.

2010 167

Smith Electric Vehicles US Partners with Clean Fuels Ohio Program To Target $10M in Federal Funding

Green Car Congress

We’re involved in this initiative to help our customers with fleet operations in Ohio take full advantage of the benefits the ARRA federal stimulus plan has to offer for the adoption of zero-emission all-electric commercial vehicles. With funding anticipated at 50 percent of the incremental vehicle purchase price, this program is key to making electric vehicles a viable option for fleet operators.

2009 150

IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

Green Car Congress

IRENA’s macroeconomic analysis suggests that such investment creates a stimulus that, together with other pro-growth policies, will: boost global GDP by 0.8% An ambitious set of policy measures, including the rapid phase out of fossil fuel subsidies, CO 2 prices rising to unprecedented levels, extensive energy market reforms, and stringent low-carbon and energy efficiency mandates would be needed to achieve this transition.

2017 183

Pike Research forecasts global biofuels market value to double to $185B by 2021

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between 2017 and 2021, as a combination of higher oil prices, emerging mandate. Ultimately, widespread commercialization will depend on whether these ventures can reach price. But with conventional biofuels constrained by social and environmental concerns, and price parity and access to financing a persistent obstacle to advanced biofuels scale-up, a number of difficult challenges must be overcome if the industry is to keep pace with emerging mandates.

2011 191

The Summit On Clean Tech Law & The New Energy Policy

Creative Greenius

And Leslie tells me the price includes a spectacular wine reception with fine wines from hosted by Sweeney Canyon Vineyard, of Santa Ynez. Stimulus Package allocated for renewables? My friend, attorney Leslie Williams, of Shaub and Williams , has been busy for the past few months putting together a big Renewable Energy Law Summit at the Southwestern Law School in L.A. and it takes place next week, on Sept 18.

2009 183

CEC report sets out North American plan for change and investment to achieve sustainable freight transportation

Green Car Congress

But, the report identifies clear opportunities, especially in light of infrastructure-related stimulus investment, to get this right. Ensuring that the freight system is environmentally sustainable in the future also requires implementing a broad set of cooperative policies and actions to optimize demand, invest in infrastructure, set a price for carbon, ensure an optimal modal mix (e.g., Funding transportation infrastructure and pricing its use.

2011 186

California Goes To Hell In A Handbasket But Greenius Says AB 811 is Our Route To Green Heaven

Creative Greenius

The treasure chest was cleverly disguised in the form of Federal stimulus money from the ARRA, the American Recovery and Reinvestment Act. As the Greenius learned in early June, when I was at the EcoMotion Palm Desert AB 811 conference, programs like the Greenius’ favorite, AB 811, were tailor-made to score great big bagfuls of bucks from this stimulus. So is the $500 million in Green Jobs funding that’s also part of the ARRA stimulus package.

2009 163

EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

Green Car Congress

EIA forecasts that regular-grade motor gasoline retail prices will average $2.92 The forecast has the annual average regular grade retail gasoline price increasing from $2.35 in 2011, primarily because of projected rising crude oil prices. Average US pump prices for regular gasoline are likely to exceed $3 per gallon at times during the driving season, according to EIA, and already exceed $3 per gallon in some areas such as California.

2010 167

Why we’re launching our EV Climate Loan during the COVID recession

EV Life

We’ve learned a lot from talking with hundreds of customers during a pandemic: – “Electric cars are too expensive.” – “Gas prices are going to kill electric car sales.” – “Don’t expect a green stimulus as long as Trump is President.”.

2020 52

When Will EVs Hit Primetime?

Revenge of the Electric Car

Yet in the United States and China, automakers’ caution, weak price. Yet in the United States and China, automakers’ caution, weak price incentives, and concerns over the electrical grid are slowing the electric car’s introduction. The firm eTec got $100 million in funding from the US Department of Energy through the stimulus bill. This Christian Science Monitor article takes an in-depth look at an age.

2010 122

Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

Green Car Congress

On the other hand, the market for energy storage is being driven by inherent instability in the grid; instability due to renewables integration; high transmission and distribution costs coupled with pressure for expansion; strict power quality obligations; moderated feed-in tariffs for renewables; legal requirements; and pricing that favors baseload generation or baseload generation equivalents. Installed revenue by ESG technology, worldwide. Click to enlarge.

2011 196

NYC Goes EV

Revenge of the Electric Car

From the article: ‘The New York study anticipates that by 2015, electric vehicle prices should decline because of reduced battery costs, that there will be a sufficient supply of electric vehicles to purchase, and that consumers will take advantage of the existing federal tax credit of $7,500 for new electric cars. billion in stimulus grants to the industry. “If gas prices increase, the savings from using electric cars will be higher,&# the report said.

2010 144

NSF Awards NCSU Team $2M For Research on Deriving Drop-in Renewable Hydrocarbon Fuels from Algae

Green Car Congress

It’s easy to be cost-competitive when oil is at $300 a barrel, but it’s harder when the price of oil drops. The $2 million grant is part of the federal stimulus package and comes from NSF’s Emerging Frontiers in Research and Innovation program. Dunaliella. Source: Texas A&M. Click to enlarge.

2009 186

J.D. Power, LMC: new vehicle sales in US slide again, 6th time this year

Green Car Congress

Although we are forecasting another decline in retail sales, it is important to note that in absolute terms vehicle sales remain close to record levels while transaction prices are at record highs. The average new-vehicle retail transaction price thus far in November is $31,645, a record for the month surpassing the previous high of $31,397 set in November 2015. With high absolute retail sales volumes and record transaction prices for the month, consumers are on pace to spend $35.7

2016 180

Coming Soon – The Electric City

Revenge of the Electric Car

The first wave of electric car buying is expected to begin around December, when Nissan introduces the Leaf, a five-passenger electric car that will have a range of 100 miles on a fully charged battery and be priced for middle-class families. Price and tax incentives need to be worked out. Photo by Jim Wilson, New York Times. The New York Times looks at how EVs are going to shake up our cities. Cities Prepare for Life With the Electric Car.

2010 100

Plug-in cars: Moving Forward

Plugs and Cars

Nissan appears intent on opening up a market for mid-price range electric cars within two years. In addition to the California funds there is federal stimulus money, $41 million by mid-April, being doled out to their projects, many of zero environmental benefit. I write a column for the Electric Auto Association newsletter, Current EVents. Here's my June column. The trajectory remains clear, and the pace has quickened. Plug-in cars are inevitable.

2009 100