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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”.
million in funding for state programs that will improve public health by helping to clean up California’s fleet of cars, trucks and buses. This program provides vouchers of up to $55,000 to help California fleets purchase cleaner, advanced technology trucks and buses.
Supported projects range from incentives for cleaner trucks and buses, and mobility options such as bike- and car-sharing, to consumer rebates for clean cars. Support for commercial harbor craft: Dedicates $60 million for cleaner commercial harbor craft. 381 million for clean transportation equity projects.
In coming months, the plan notes, the Department of Transportation will work with other agencies to further explore strategies for integrating alternative fuel vessels into the US flag fleet. In terms of investment in innovation for cleaner energy, the plan calls for: Investment in advanced fossil energy projects.
The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. The transition from coal toward cleaner sources in developing nations is underway. After peaking at 84GW of new capacity added in 2015, coal project completions plummeted to 39GW in 2018.
This funding comes from DOT’s Buses and Bus Facilities Program and Low or No Emission Vehicle (Low-No) Program, helping transit agencies purchase and lease new, cleaner vehicles and renovate and construct the infrastructure needed for zero-emission transit vehicles. FAST Forward with Fairfield: The FAST Bus Fleet Electrification Project.
billion investment plan that will increase access to clean vehicles and clean mobility options through a wide variety of projects that support the transformation of California’s vehicle and equipment fleet to zero-emission. Supported projects range from consumer rebates for clean cars to incentives for cleaner trucks, and mobility options.
The amendments are designed to provide new flexibility to truckers working to clean up their aging diesel fleets while still protecting the emission benefits the regulation provides. Recognition of fleet owners who took action to comply by providing additional “useable life” for retrofit trucks and reducing near-term compliance requirements.
With this new financing, Motiv aims to scale further its manufacturing operations, as well as fund technology and geographic expansion. The funding will be made by means of convertible notes that are expected to be converted into a Series C funding round, which Motiv is in the process of raising.
Conducted by Georgia Tech, the project is financed by a $50,000 Ford College Community Challenge Grant, one of five given annually for a student-led project that matches university resources with an urgent community need related to sustainability. Atlanta Public Schools (APS) donated the bus for the project.
Further underscoring GE’s commitment to expanding natural gas transportation infrastructure, GE Energy Financial Services is providing up to $200 million in financing for the two GE MicroLNG plants. The new system will help reduce a fleet operator’s fuel costs by more than 25% compared to diesel fuel.
California continues growth at levels forecast y the Department of Finance. Key findings of the study include: A cleaner, more efficient passenger vehicle fleet creates significant consumer savings. By reducing fuel use, cleaner, more efficient vehicles save families and businesses money. Click to enlarge.
Each of the four recipients will match a percentage of the grant amount with their own funds to purchase compressed natural gas-powered vehicles; retrofit diesel engines with cleaner technology; replace older, more polluting diesel buses with cleaner diesel buses; or purchase hybrid electric-powered buses. Jennings Transportation Corp.:
They include: Clean Cars 4 All provides up to $9,500 to low-income drivers who scrap their older vehicles and want to purchase something that runs cleaner. The Clean Vehicle Assistance Program provides low-income car buyers with special financing and up to $5,000 in down-payment assistance.
Canadian Environment Minister Leona Aglukkaq announced developments on three new regulatory initiatives to further support Canada’s efforts to curb greenhouse gas (GHG) emissions and to provide cleaner air through lower air pollutant emissions from cars and trucks. GHG regulations. billion and cumulative net benefits for Canadians of $4.7
This could be particularly detrimental to the outlook in some developing countries, where financing options and the range of investors can be more limited. Although decisions to go ahead with new coal-fired plants have come down by more than 80% since 2015, the global coal fleet continues to grow. —Dr Birol.
At the same time, there are few signs of the substantial reallocation of capital towards energy efficiency and cleaner supply sources that is needed to bring investments in line with the Paris Agreement and other sustainable development goals. Whichever way you look, we are storing up risks for the future.
Projects in the FY 2018-19 plan prioritize environmental justice by addressing specific community needs and increasing awareness of, and access to, cleaner transportation and mobility options exceeding the requirements called for under Senate Bill 350.
In the complex logistical ballet of modern commerce, fleet vehicles serve as the lifeblood of countless enterprises, ranging from the acrobatics of urban delivery services to the steadfast endurance of long-haul transport. What are the daily demands of your fleet operation?
Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040.
Post Office will be converting a sizeable portion of its fleet of electric vans. It will take time, investment and forward-thinking politicians and trucking companies, but every diesel burning truck that can be removed from the roadways will aid in cleaner air. Even the U.S.
The new Citroën ë-C3 – all-electric compact SUV will augment BluSmart’s growing fleet of 7,000 EVs. The new Citroën ë-C3 – all-electric compact SUV will augment BluSmart’s growing fleet of 7,000 EVs. Through Assure, institutions can finance the purchase of electric cars and lease them to BluSmart against fixed rentals.”
And magically, as more electricity comes from lower-carbon fuel sources, our cars will get cleaner as they get older! Retrofitters can partner with energy service companies to finance those costs, backed by federal loan guarantees. We have cleaner, cheaper, safer ways to drive everywhere. Yes, we can take the first step!
Federal and state commitment to cleanerfleets by purchasing EVs and PHEVs. As the Greenhouse Gas regulations are not limited to domestic automakers, neither should the purchase of EVs and PHEVs be limited to domestic brands for government fleets.”. This should be a U.S.
This year, sustainability reporting and sustainable finance are among the top trends in international businesses. Investing in EV vehicles , controlling fuel costs and fleet downsizing are other green means that benefit this industry. Your company can switch to a cleaner transportation policy with some strategic planning.
With this comprehensive EV asset management, the company aims to address critical challenges faced by the commercial EV industry, including financing, data analytics, charging infrastructure, and energy efficiency. The launch of Nexmile A battery pack specifically designed for commercial EVs, was also announced.
Amphion addresses critical challenges faced by the commercial electric vehicle (EV) industry, including financing, data analytics, charging infrastructure, and energy efficiency. I’m thrilled about the transformative opportunities Amphion will offer fleet operators.
The new Citroën ë-C3 – all-electric compact SUV will augment BluSmart’s growing fleet of over 7,000 EVs, the press release noted. ” The onboarding of these EVs was facilitated through Assure by BluSmart, a unique opportunity for retail and institutional investors with access to capital to help finance the transition to eMobility.
Bhupendrabhai Patel, Hon’ble Chief Minister of the Government of Gujarat, at Gujarat International Finance Tec-City (GIFT City), signifying a significant stride toward shaping the future of sustainable urban mobility. The brand’s mission is to enhance lives through green mobility, delivering cleaner, smarter journeys accessible to all.
Ease of Financing: Financing options for electric two-wheelers have become more readily available, making it easier for consumers to make the initial investment in an electric vehicle. The improvement in battery energy density and reduction in costs contribute to the overall growth of the electric vehicle market.
of the entire vehicle fleet. The changes to the Clean Car Discount appear designed to encourage even cleaner vehicles entering our fleet; this will mean more PHEVs and BEVs coming in and over time fewer petrol and diesel vehicles. This is still just 1.5% There’s more to do.
From its inception with 70 EVs in January 2019, the EV fleet has expanded to 7,500 BluSmart EVs operating across Delhi NCR and Bangalore. Our latest fundraise of USD 24 million is an important step in our journey to scale the eMobility fleet and EV Charging Infrastructure.”
In common with many other industries and sectors the push towards cleaner forms of urban mobility has its jargon. Where private or fleet vehicle use is necessary, zero-emission vehicles (such as EVs). It needs political commitment to real change, financing and great innovation. Much greater use of public transport.
The GSRTC fleet aims to provide cleaner, smarter intra-city travel, with Switch Mobility handling the supply, operation, and maintenance of these five electric buses. Mahesh Babu, Chief Executive Officer, Switch Mobility Automotive Ltd., The Switch EiV 22 represents a paradigm shift in sustainable urban transportation.
This initiative aims to provide environmentally friendly transportation solutions while reducing carbon emissions and promoting cleaner mobility options. Uber, the global ride-hailing giant, has taken another significant stride towards sustainability with the launch of Uber Green in India.
If we do not prepare ourselves, we risk becoming the dumping ground for the world’s dirtiest right hand drive vehicles, instead of a quick adopter of better, cleaner technologies. . Do you support the target to make 30 per cent of the light vehicle fleet zero-emissions vehicles by 2035, and the associated actions? . There are 3.5
The passenger vehicle fleet doubles to almost 1.7 PLDV demand for oil is based on four factors, according to WEO 2011: the rate of expansion of the fleet; average fuel economy; average vehicle usage; and. Key challenges for Russia are to finance a new generation of higher-cost oil and gas fields and to improve its energy efficiency.
GE Capital’s Transportation Finance business and Clean Energy Fuels Corp., the largest provider of natural gas fuel for transportation in North America, have entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets from diesel to cleaner-burning, less-expensive natural gas.
—Henriette Hallberg Thygesen, CEO of Fleet & Strategic Brands, A.P. The purpose is to strengthen the integration of technology and finance, to accelerate the transformation and industrialization of technological achievements, to drive the realization of 2030 sustainable development goals, and explore for a green development model.
Vancouvers trolley bus fleet operates at 600 volts and god knows how many amps. Beware of businessmen trying to make a fortune with the wish to shift to cleaner propulsion! Automotive.coms auto loan locator can help you get a lower new car finance rate. Progress in technology will allow to retrofit step by step.
This could include changing road layouts, removing traffic lights and speed humps, or upgrading bus fleets. Today we commit £100 million [US$130 million] towards new low emission buses and retrofitting older buses with cleaner engines. —Transport Secretary Chris Grayling. More details will be announced later this year.
The Virginia Office of Fleet Management Services oversees approximately 4,000 passenger-type vehicles, used by more than 175 state agencies and institutions. Virginia Governor Bob McDonnell has signed two pieces of legislation that promote the use of natural gas, electric or other alternative-fueled vehicles in the Commonwealth.
The ships will join the fleet of Royal Caribbean International. Use of the new technologies will result in much cleaner emissions, as they produce no sulfur and significantly reduce the production of NO x and particulates. The company is also expanding its fleet with new Oasis- and Quantum-class ships for Royal Caribbean International.
The technology is ready and available to make this transition in the light vehicle fleet. Improve safety of the fleet; and/or. ? New Zealand has a proposed target to reach 30% of the light vehicle fleet as electric by 2035 in the Government’s Emissions Reduction Plan Discussion Document. PO Box 3899, Auckland 1140.
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