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Researchers at Argonne National Laboratory, with colleagues from Lawrence Berkeley, Oak Ridge, and National Renewable Energy labs, and the University of Tennessee, have published a comprehensive analysis of the total cost of ownership (TCO) for 12 sizes of vehicles ranging from compact sedans up to Class 8 tractors with sleeper cabs.
Plug-in electricvehicles, including plug-in hybrids and battery electricvehicles, have the potential to make up 9% of US auto sales in 2020 and 22% in 2030 (1.6 million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). Last week, J.D.
National ElectricVehicle Sweden (NEVS), the company resurrecting the Saab brand ( earlier post ), has halted production of its vehicles (currently at 6 units per day) while it sorts through financing issues and aligns its strategy with new OEM partners. NEVS also cut back on its hired consultants.
Commercial electricvehicle manufacturer Smith ElectricVehicles Corp. We have instead elected to pursue private financing opportunities to support the execution of our business plan. has decided not to pursue its planned initial public offering. —Bryan Hansel, Smith’s CEO.
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Workhorse Group Inc., —Workhorse CEO Steve Burns. In addition to closing the Marathon loan facility, Workhorse continues working in partnership with Duke Energy Corporation.
Sales of plug-in vehicles (PEVs) in 2013 will continue to outpace the first years of hybrid vehicle sales as more than 210,000 PEVs will be sold globally and more than three dozen PEV models will debut, according to a year-end free whitepaper published by Pike Research, that makes 10 specific predictions about electricvehicles in 2013.
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”.
Consumers who purchase an electricvehicle will find that lifetime costs to own the vehicle are competitive with conventional and hybrid vehicles, according to an analysis conducted by the Electric Power Research Institute (EPRI). —“Total Cost of Ownership for Current Plug-in ElectricVehicles”.
Owning a plug-in electricvehicle today will save consumers thousands of dollars compared to owning a gas-powered vehicle, according to a new analysis by Consumer Reports comparing electrics to CR’s top-rated vehicles, as well as the best-selling, most efficient, and best-performing gasoline-powered vehicles on the market.
Fuji Electric Corp. to offer Financing Programs on their DC Quick Charging Stations for ElectricVehicles. The program offers zero-down, zero-interest financing in an effort to offset the cost of equipment and encourage small businesses to install charging stations at their sites. Earlier post.)
Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. One barrier is the cost of owning an electricvehicle versus a cheaper, comparable gasoline-engine vehicle.
A new study published by US Department of Energy’s (DOE) Argonne National Laboratory offers the most complete understanding yet of the costs of owning and operating a vehicle, and how those costs vary by powertrain, from the conventional to the cutting-edge. Our analysis helped fill those data gaps. —David Gohlke.
The Electrification Coalition has introduced its EV Policy Showroom, offering policymakers, EV advocates, industry partners and other stakeholders online access to easily navigable data and policy information on the deployment and adoption of electricvehicles and charging infrastructure.
Reducing the cost of electricvehicles. The demand incentive for electric two-wheelers has been increased to Rs. 10,000/KWh with an increase in cap from 20% to 40% of the cost of the vehicle from 11th June 2021, thus enabling the cost of Electric two-wheelers at par with that of ICE two-wheeler vehicles.
SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The companies have also collaborated on advanced projects that demonstrate the full potential of distributed renewables combined with plug-in electricvehicles, including Honda Smart Home US. Earlier post.)
are partnering to make solar power more affordable and available to Honda and Acura customers in the US, providing a cleaner source of electricity at a lower cost than utility-supplied power. SolarCity and American Honda Motor Co.,
Bank of America made a drastic step forward today to make at-home residential electricvehicle chargers an easier purchase for car buyers. BoA said it would allow consumers the option to finance residential electricvehicle chargers alongside their auto loans through the bank. I’d love to hear from you!
The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term ElectricVehicle Outlook (EVO). million sold in 2021 to 21 million in 2025.
Electric bus manufacturer Proterra has introduced a multi-dispenser charging solution which enables Proterra charging systems to have multiple low-profile charging dispensers paired with a single Power Control System (PCS). The multi-dispenser charging solution enables automated, sequential vehicle charging with up to four dispensers per PCS.
3442 , which has been referred to the Committee on Finance. 5442 , the “ElectricVehicle Deployment Act of 2010,” which has been referred to the Committee on Energy and Commerce, and in addition to the Committees on Oversight and Government Reform; Science and Technology; Ways and Means; and Transportation and Infrastructure.
Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021.
The program is designed to ensure that fleets feel prepared to make the switch from vehicles powered by internal combustion engines to electricvehicles. Ultimately, this will allow Octillion to build market cases for traditional financing groups eager to get into battery leasing but concerned by the technology.
Electricvehicles (EVs) have become a political lightning rod. Tip #1: Lease an electricvehicle New cars on any fuel type are a big investment, and committing to a new technology can be daunting. Another reason to lease an EV is that some automakers are passing along the federal clean vehicle tax credit through leases.
This new battery technology and other upgrades give them the range, power and features at the price they need to scale up their electric fleets. With an 11,000-pound gross vehicle weight rating (GVWR), the vehicle has a payload capacity of up to 4,840 pounds, depending on the selected battery configuration option and other equipment.
Unlike passenger cars, full electrification of heavy vehicles is still at a nascent stage. However, with improving maturity of technology, total cost of ownership, government incentives and regulations, there will be more than four million zero emission heavy vehicles deployed by 2030.
GE and Better Place have formed a technology and financing partnership to accelerate the global deployment of electricvehicle infrastructure through collaboration in four key areas: standards-based technology development; battery financing; joint fleet electrification programs; and consumer awareness. Click to enlarge.
FiSyPAC is a collaborative fuel cell reliability project, initiated in 2006, led by PSA Peugeot Citroën, and financed by the French National Research Agency (ANR). This fully electricvehicle, based on a Peugeot 307 coupe cabriolet, has a driving range of 500 kilometers (311 miles), with 75 km (47 miles) in charge depleting mode.
A new report from Frost & Sullivan, “Strategic Analysis of Inductive Charging for Global ElectricVehicles (EV) Market,” finds forecasts the total market for inductive (wireless) charging will experience a compound annual growth rate of 126.6% from 2012 to 2020, with approximately 351,900 units likely to be sold.
The City of Indianapolis will upgrade 425 non-police-pursuit sedans in its muncipal fleet to plug-in hybrid and battery electricvehicles by early 2016, cut the size of the fleet by 100 vehicles, and save $8.7 The Indy fleet would be the largest municipal fleet of electrified vehicles in the US. million over ten years.
Electreon, a provider of wireless and in-road electricvehicle (EV) charging technology, signed an agreement of cooperation with Israel public transportation company Electra Afikim. The cost of the deal is $1.9 In addition, Electra Afikim will bear the cost of the electricity.
Vehicle scrappage policy to reduce cost of EVs says Nitin Gadkari . The newly launched Voluntary Vehicle Fleet Modernisation Programme or the vehicle scrappage policy will help to reduce the cost of manufacturing electricvehicles in India. It will also help to phase out unfit and polluting vehicles.
A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electricvehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. This would be almost 90 times the equivalent figure for 2015, when EV sales are estimated to have been 462,000, some 60% up on 2014.
The federal government has moved to make the purchase of new and used electricvehicles more affordable. It is being backed to the tune of $150 million by the Clean Energy Finance Corporation. Most of the growth in electrified vehicle sales in Australia in 2024 have come from PHEVs off a low base and hybrids.
The total worldwide manufacturing capacity of lithium-ion batteries for electricvehicles will greatly exceed supply unless demand by automakers increases significantly in the short-term, according to new research by Bloomberg New Energy Finance (BNEF). As a result of the overcapacity, battery prices are poised to fall.
Enedym, a switched reluctance motor (SRM) spinout from McMaster University, closed a $15-million financing round from an international group of strategic investors within the US, Canada, Europe, and India, including P&A Paletta Giving Inc., TRIO Capital Group Inc., Napino Group, KWG Capital Inc., Earlier post.).
The cost of Level 3 DC fast chargers is declining almost as fast as the cost of batteries for electric cars. The post The Cost Of Level 3 Fast Chargers Is Declining appeared first on CleanTechnica.
The zero-emission commitment from the school significantly lowers operating and fuel costs for the district to 50% of what it paid previously when charging its electric buses, as well as reducing the exposure of students and the local community to diesel particulate pollution. a gallon to power its vehicles.
BNEF includes equity raising by specialist electricvehicle companies in its clean energy investment totals, and this element was a conspicuous bright spot in the latest quarter. Colin McKerracher, head of advanced transport analysis at BNEF, said that there is a growing amount of money chasing China’s electricvehicle boom.
This innovative potential partnership leverages state-of-the-art BYD and Nuvve technologies and will provide access to Stonepeak’s financing, which will lower the cost of medium- and heavy-duty battery electricvehicle adoption for fleets of all types including mass transit, municipalities, last mile delivery and school districts.
Tesla’s electricvehicles are premium-priced, but their financing deals make them quite compelling against their rivals in the EV market. In a way, Tesla’s financing deals involve interest rates that could end up undercutting the costs of rival EVs by a notable degree. It’s not just Toyota either.
The Vittangi project will use 100% renewable electricity to extract graphite, an EU defined critical material, and refine it into coated anode for Li-ion batteries. BurnVoir Corporate Finance acted as financial adviser to the company.
Rockwell Automation, a leading solutions and services provider to the automotive industry, opened a new 8,000 square-foot electricvehicle (EV) Innovation Center at 111 North Market Street in San Jose, California, within its Information Solutions development facility. Batteries currently represent a third of the cost of an EV.
Proterra launched Proterra Energy fleet solutions , a full suite of options that enable turnkey delivery of a complete energy ecosystem for heavy-duty electric fleets, including design, build, financing, operations, maintenance and energy optimization. —Proterra CEO Ryan Popple.
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