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GlobalData’s analysis suggests that low oil prices will lead to a longer waits for the reduced fuel costs offered by electric vehicles (EVs) to amortize their higher purchase prices. However, the amount of time taken to make up that price differential depends on the cost of fuel. —Mike Vousden, Automotive Analyst at GlobalData.
Natural gas is about 41% the cost of gasoline, Navigant says, noting that compressed natural gas (CNG) equipment adds between 10% to 40% to the cost of the vehicle due to the CNG cylinders and engine equipment, while liquefied natural gas (LNG) adds 60% to 80% due to the more expensive storage tanks. million sales expected in 2013.
A study by a team from the International Council on Clean Transportation (ICCT) shows that state electric vehicle incentives are playing a significant early role in reducing the effective cost of ownership and driving electric vehicle sales. Source: ICCT. Click to enlarge. —Jin et al. Earlier post.).
BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 57% of the global passenger car sales by 2040—slightly higher than it forecast a year ago—and electric buses with 81% of municipal bus sales by the same date. Their use case will mostly be in shorter-distance applications.
A report published by Cambridge Econometrics and Ricardo-AEA concludes that overall, the cost of technologies required to meet proposed European 2020 CO 2 regulations for vehicles (95 g/km for cars and 147 g/km for vans) will be more than offset by the resultant fuel savings. Source: Cambridge Econometrics.Click to enlarge.
Passenger electric vehicle (EV) sales are set to grow rapidly in the next few years, rising from 6.6 The fleet of EVs on the road hits 77 million by 2025 and 229 million by 2030, based on BNEF’s Economic Transition Scenario. Most of this is from electric two- and three-wheelers in Asia, but rising passenger EV sales push this to 2.5
By 2040, hybrids are expected to account for about 35% of the global light-duty vehicle fleet, up from less than 1% in 2010. Hybrids are expected to account for about half of global new-car sales by 2040. However, looking ahead, about 80% of the growth in the global fleet will come from non-OECD countries. Source: ExxonMobil.
Personal cars and taxi fleets in China are now adopting this technology as well with ambitious targets set by companies for rolling out their own swap station networks. IDTechEx research suggests that on average, decoupling the cost of the battery from the electric vehicle can reduce the purchase price of EVs by 20%. Commercial fleets.
TDI clean diesel represents almost 25% of Audi and Volkswagen US sales. Are these sales incentivized? During his presentation at the TDI Efficiency Rally, UMTRI researcher Bruce Belzowski first presented a summary of his analysis of the total cost of ownership of diesels with a comparison to that of their gas vehicle counterparts.
BloombergNEF (BNEF) forecasts that sales of electric passenger vehicles will fall 18% in 2020 to 1.7 However, sales of combustion engine cars are set to drop even faster this year (by 23%), and the long-term electrification of transport is projected to accelerate in the years ahead. of heavy-duty commercial vehicle sales and 6.5%
The EV Funding and Financing Guide details programs and policies from a variety of sources that fleets and consumers can use to overcome cost barriers. It also discusses strategies to reduce the upfront costs of EVs and EV infrastructure by pooling demand and promoting competition.
The voucher program can reduce the upfront cost of advanced zero emissions fleet vehicles by 40 to 70 percent. HVIP was formed by CARB to respond to a key market challenge by making clean trucks and buses more affordable for fleets. Since 2009, the program has helped more than 1,100 California fleets buy cleaner vehicles.
All sales are made through one of several dealers that offer vehicles equipped with Lightning Systems’ electric powertrains. The voucher program can reduce the upfront cost of advanced zero emissions fleet vehicles by 40 to 70%.
GtCO 2 (28% of the projected 2015–2050 light-duty vehicle fleet emissions). 2015–2050 US light-duty fleet cumulative CO 2 emissions versus CO 2 budget under prospective future developments. As a test market, they chose the United States, which is second only to China in terms of passenger vehicle sales. C global warming.
Sales are expected to commence in the first quarter of 2015, and Integrated Energy will place an initial order of 300 vehicles at the signing of the dealer agreement. Detroit Electric’s first production car, the SP:01, is targeted to go on sale in Asia, Europe and the US, starting in early 2015.
The cost of the deal is $1.9 million; it will cover the fleet’s activity, and includes 30 buses. In addition, Electra Afikim will bear the cost of the electricity. The previous, with Dan bus company in October 2021, included the sale of wireless charging services for 200 buses.
The voucher program reduces the upfront cost of advanced zero-emission fleet vehicles and requires manufacturers to have CARB and HVIP certification to participate. The City of Porterville offers its on-demand curb-to-curb, ride-hailing service for only $3 to its residents.
Our role as scientists is to provide the evidence for how best to move towards a zero-carbon economy—society needs to understand that there is a raw material cost of going green and that both new research and investment is urgently needed for us to evaluate new ways to source these. million cars that requires 22.5
The professionals targeted tend to be small and medium-sized fleets. With worldwide sales of nearly 1,900,000 since its launch in 1996, Citroën Berlingo Van occupies second place in the small van segment in Europe with a market share of 17% in 2020, and is continuing its rise by adapting to changing customer needs.
The Montgomery County Public Schools (MCPS) (Maryland) Board of Education approved a contract on Tuesday evening with Highland Electric Transportation, a provider of turnkey electric fleet solutions, to convert the MCPS school bus fleet to all-electric, starting with 326 school buses over the next four years.
T&E performed a total cost of ownership calculation that includes external costs on health (air quality and noise) and climate (GHG emissions), including inputs from CE Delft. When these estimated externalities are factored in, electric buses show a lower 8-year total cost of ownership than diesel, T&E said. VDL: 500 units.
Range Energy announced that its 53-foot electric trailer, the RA, is now eligible for point-of-sale incentives up to $80,000/unit through the California Air Resources Board Clean Off-Road Equipment (CORE) Voucher Program. The RA platform is the first trailer electrification platform to be eligible for the CORE incentive.
The Mercedes-Benz eActros heavy-duty electric truck, with a range of up to 200 km, is in intensive use by customers in Germany and Switzerland as part of the eActros “innovation fleet”. This can only be achieved if competitive conditions for CO 2 -neutral transport are created for our customers in terms of costs and infrastructure.
Cumulative light-duty NGV sales by segment. In a new report , Navigant Research forecasts that light-duty natural gas vehicle (LD NGV) sales will grow 119% between 2014 and 2024, culminating in 42.1 between 2014 and 2024, with the number of passenger car sales growing at a slightly slower rate (5.3% Source: Navigant.
The use of their own infrastructure usually offers advantages in terms of total cost of ownership (TCO), as no additional operator is involved. The charging processes of electric fleet vehicles are another key that must be integrated into the operating process.
Together they represent about a quarter of the nation’s new car sales. Sales have doubled over the past year alone, with more than half of those sales occurring in the MOU signatory states. Lead by example through increasing ZEVs in state, municipal, and other public fleets. Earlier post.) Promote workplace charging.
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 electric vehicles in 2013.
Ricardo has won two UK Government-backed innovation competitions to develop novel solutions for heavy-duty vehicles focusing on improving efficiency and performance and reducing the cost of future electric trucks. Ricardo will be partnering with the University of Bath for both projects. of these are using cleaner propulsion.
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 electric vehicles in India. He also said that this policy will also help to increase sales of new vehicles.
Through a California Public Utilities Commission approved program, the utility is able to offer a reduced price by returning revenue generated from the sale of Low Carbon Fuel Standard (LCFS) credits to customers. Natural gas costs significantly less than gasoline or diesel per GGE. per gallon, and the average cost of diesel was $3.73
Transit bus replacements are targeted at New York State government entity-owned bus fleets that have bus depots located within Potential Environmental Justice Areas (PEJAs), or operate routes that serve PEJA areas. commercial trucks and buses).
At an event in the GM Tech Center campus in Warren, Michigan, General Motors unveiled the core of its new strategy to grow the company’s EV sales quickly, efficiently and profitably. New Sources of Revenue: By vertically integrating the manufacture of battery cells, the company can reach beyond its own fleet and license technology to others.
The electrification of road transport will move into top gear in the second half of the 2020s, due to tumbling battery costs and larger-scale manufacturing, with sales of electric cars surging to 28%, and those of electric buses to 84%, of their respective global markets by 2030. Annual global light duty vehicle sales.
Complementary product lines between Hyzon and ORTEN, in combination with ORTEN’s body and powertrain kits, provide a comprehensive solution for customers transitioning their fleets to zero emissions: vehicles up to 26 tons can be transitioned to ORTEN’s existing offering of battery-electric vehicles, while the operational requirements of medium- and (..)
At the same time, the transportation sector in Finland is relying more and more on electric vehicles, this applies particularly to the light-duty fleets. —Tuomas Kulola, Head of Sales, Marketing & Services at Neste. We want to contribute to this development.
While the economy appears to have hit a speed bump, electric vehicle sales continue to soar as more vehicles enter the market and automakers are trying to keep up with demand. Pure EV sales set a record–for the first half of 2022 are up 66% compared to last year in a market that overall is down 20%. Where Do We Go From Here?
Penske Truck Leasing announced today it would add a series of Orange EV electric terminal trucks to its fleet of rentable electric vehicles in the United States. The company wanted more electric options for various commercial activities, as it recently added a fleet of E-Transit vans from Ford to its fleet.
areas of inquiry: The potential impact of climate change policies on global fleet composition, fuel consumption, fuel prices, and economic output. The model represents households at an aggregate level and generates estimates of LDV fleet composition. Armstrong, a professor of chemical engineering at MIT.
It is an ideal fun hatch which offers premium, safety and technology features, eco-friendly footprint, spirited performance, all made even more desirable with the added advantage of a low cost of ownership.
European Light Commercial Vehicle Sales 2018. Source: IDTechEx Electric Vans 2020-2030, ACEA. IDTechEx says that the light commercial vehicle market is uniquely positioned to rapidly transition to electric vehicles. Forecast eLCV share of total global LCV market revenue.
At the same time, sales growth of new light-duty vehicles will slow substantially. Market share for cars primarily powered by gasoline and diesel will still account for 62% of new cars in 2040 in the four major key markets (down from 98% in 2016) with a total of 54 million new vehicle sales in 2040, according to the study’s baseline scenario.
These incentives help to pay the difference between the cost of alternative-fuel vehicles and conventional vehicles. Workplace, fleet and multi-unit dwelling projects will be given priority. $5 A-Z Bus Sales, Inc. This will reduce county fleet operating costs and facilitate the county’s purchase of new CNG buses and vehicles.
We are already making measurable progress, which will continue to have a noticeably positive impact on earnings—whether in terms of sales, the cost of materials or indirect purchasing. The BMW Group is continuously working to reduce the CO 2 emissions of its new car fleet. Commitment to achieving CO 2 -targets.
The battery leasing credit facility, the first of its kind in the North American public transit industry, is expected to lower the upfront costs of zero-emission buses and put Proterra electric buses at roughly the same price as a diesel bus. We’re seeing innovation both in technology and in businesses around the mobility sector.
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