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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Earlier post.). A proposal for existing plants is due in 2014, with targeted file rule in 2015.

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Australian Government establishes A$300M fund to support hydrogen projects

Green Car Congress

The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). Hydrogen has the potential to make a substantial contribution to our clean energy transition, reducing emissions across the economy while underpinning the development of an important domestic and export industry.

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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

Green Car Congress

But after the COVID-19 crisis brought large swathes of the world economy to a standstill in a matter of months, global investment is now expected to plummet by 20%, or almost $400 billion, compared with last year, according to the IEA’s World Energy Investment 2020 report. —Dr Fatih Birol, the IEA’s Executive Director. —Dr Birol.

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Rio Tinto makes US$10M strategic equity investment in Nano One; strategic partnership on cathode materials

Green Car Congress

This partnership and funding will accelerate Nano One’s multi-cathode (multi-CAM) commercialization strategy and support cathode active materials (CAM) manufacturing in Canada for a cleaner and more efficient battery supply chain for North American and overseas markets.

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BluSmart raises INR 200 crore in Pre-Series B funding round to expand EV operations – ET Auto

Baua Electric

Sumant Sinha, founder of India’s leading decarbonisation solutions company and an iconic global leader in the Renewable Energy sector, shared, “The future of mobility is electric, and eMobility is a crucial step in making the shift to cleaner, emissions-free transportation. I am excited to partner with BluSmart in their growth journey.”

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Toyota introduces second-generation Mirai fuel cell electric vehicle as design and technology flagship

Green Car Congress

The new Mirai is one part of an electrification strategy that also includes Toyota’s current and future hybrids and upcoming battery electric vehicles (BEVs). The inlet design and sound-absorbing material in the air cleaner prevent air column resonance. The resulting air released from the system is cleaner than the intake air.

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EIB to Contribute Up to €300M in Financing to Valeo for €645M Fuel Consumption and Emissions Reduction Projects

Green Car Congress

The European Investment Bank (EIB) will grant financing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. billion) in loans for cleaner vehicles, thereof €3.4 billion (US$4.8

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