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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

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Self Financial, a fintech company, has compared the running costs of electric and non-electric vehicles in each state. Across the US the average annual cost of running an electric vehicle is $2,721.96, while gasoline vehicles cost an average of $3,355.90 per year to run—a difference of $633.94

Purchase 321
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ABC Companies partners with Lightning eMotors to launch first electric repowered motorcoach

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ABC Companies, a leading provider to the motorcoach, transit and specialty passenger transportation market in the United States and Canada, will soon be the first to offer a motorcoach-diesel-to-electric-repower program for North American operators. —Roman Cornell, president and chief commercial officer of ABC Companies.

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Deep-sea battery metal developer DeepGreen going public with SPAC to become $2.9B (equity value) The Metals Company

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billion (assuming no redemptions) for the combined company, which will be renamed “TMC the metals company Inc.” and operate as The Metals Company upon closing. Rising raw materials prices risk undermining EV manufacturers’ efforts to drive down the cost of EV batteries necessary for mass adoption; and.

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HaaS company Hydra Energy delivers first converted hydrogen-diesel co-combustion heavy-duty truck; up to 40% hydrogen

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Lodgewood Enterprises, a full service short- and long-haul trucking company based out of Prince George, British Columbia, received the initial truck marking the first of 12 semi-trucks to be converted with Hydra’s fully reversible, hydrogen-diesel conversion kit at no cost to Lodgewood.

Hydrogen 397
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Companies form H2Bus consortium to deploy 1,000 hydrogen fuel cell buses and infrastructure in Europe

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The partners says that this hydrogen fuel cell electric bus solution will be the most cost-effective truly zero-emission option available, with a single-decker bus price below €375,000 after funding, a hydrogen price between €5 and €7 per kilogram and a service cost of €0.30 per kilometer.

Hydrogen 363
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Hydra Energy partners with Chemtrade to provide commercial truck fleets with green hydrogen below the cost of diesel

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Initially, both companies are focused on one of Chemtrade’s plants in British Columbia with the potential to expand across the country. Commercial truck fleet operators with Hydra-converted semi-trucks can access green hydrogen at a fixed price, five percent below the price they typically pay for diesel.

Hydrogen 301
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BNEF: cost of new renewables rises as inflation starts to bite

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The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.

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