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This rapid growth in demand has been further amplified with the passage of the “Inflation Reduction Act” (IRA) in the Fall of 2022, which includes mechanisms to incentivize electric vehicle manufacturers and consumers to purchase electric vehicles (EVs) that source battery metals from domestic manufacturers.
Highland will purchase buses manufactured in North Carolina by Thomas Built Buses, which will be supplied and serviced by American Bus. The project was awarded an $817,000 grant from Maryland Energy Association (MEA), which helps offset the purchasecost of vehicles that is critical at this early stage of mass deployment.
Created by AECOM, a fully integrated infrastructure firm, the Consortium intends to accelerate the deployment of automated transit technologies and will combine the purchasing power and collaborative decision-making of these founding transit agencies nationwide.
China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 Chinese Auto Industry Development Report. —Energy-saving and new energy vehicle plan. L/100km (40 mpg US) or less.
Industry could assist by exploring new business models such as vehicle leasing, which already makes up a share of US and UK vehicle markets. At present, BEVs are sold as a complete purchase, purchase of vehicle and lease of battery, and combined lease of vehicle and battery.
Through this agreement, Hyundai aims to foster an EV ecosystem by alleviating the initial cost burden of EV purchases and by providing innovative services that enable eco-friendly reuse of batteries. As a result, KST Mobility is able to have lower initial investment for EV purchases.
UPS plans to deploy 50 plug-in electric delivery trucks that will be comparable in acquisition cost to conventional-fueled trucks without any subsidies—an industry first that would breaki a key barrier to large scale adoption of electric fleets. The company is collaborating with Workhorse Group, Inc. in 2016.
The US Department of Energy (DOE) Energy Department (DOE) released a new report showing continued momentum and growth in the fuel cell industry. In addition to transportation applications, hydrogen has the potential to decarbonize multiple sectors by enabling renewable, energy storage, and low carbon industrial applications.
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.
The ranges of the levelized cost of driving (LCD) and cost of avoided carbon are narrower for the future technology pathways, reflecting the expected economic competitiveness of these alternative vehicles and fuels. automotive and energy industries. automotive and energy industries. transportation sector.
We look forward to collaborating with Proterra, which is expected to bring industry-leading heavy-duty EV battery solutions to Nikola’s battery-electric and fuel cell electric vehicle platforms. —Mark Russell, Nikola CEO.
Electricity and hydrogen are the two key energy carriers for a low-carbon future, and hydrogen will play a vital role in industry, shipping and synthetic aviation fuels. The demand from European industry alone, for example steel mills, massively exceeds the total green hydrogen production capacity currently planned for the EU for 2030.
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 electric vehicles and charging infrastructure. Screenshot from EV Policy Dashboard.
According to a recent report examining batteries for electric vehicles from Pike Research, as manufacturing efficiencies improve and access to lithium expands, the installed cost of Li-ion batteries will fall by more than one-third by the end of 2017. In terms of revenue, the market for Li-ion batteries for transportation will grow from $2.0
Tesla’s 10-year maintenance and repair costs are the most affordable in the automotive industry, as shown in a new data analysis publicized last week. The total 10-year cost of maintaining and repairing a Tesla is the cheapest in the industry, according to a data analysis shared by Consumer Reports on Friday.
As part of this commitment, Metro will purchase up to 73 battery buses from Burlingame, Calif.-based Maintenance costs of all-electric buses are expected to decline versus hybrid-diesels, primarily because they have fewer moving parts. Federal funding often helps pay for Metro’s new bus purchases. based Proterra. million to $6.6
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%. However, the deployment of swap stations will remain very low unless major support or interest is shown by consumers, OEMs, and government bodies.
Amyris, Inc., , a company which converts plant-sourced sugars into renewable hydrocarbons, reports achieving a record low manufacturing cost of $1.75 Myralene is a higher-performance industrial solvent compared to equivalent products on the market and a lower cost alternative to limonene at current prices. per liter (US$6.63/gallon)
The company also noted that its $500 million in year-over-year cost improvements were offset by pricing pressure across the industry, though it continues toward profitability with almost $1 billion in cost improvements thus far this year. The company also highlights $1.2 billion in Model e revenue, up 33 percent year-over-year.
A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.
For the procurement of batteries, Honda will strive to realize a “local production and local procurement” approach in Japan, which also will contribute to the growth of domestic industries in Japan. Honda further commits to supplying its operations with 100% renewable energy and has begun taking steps to achieving this goal.
Attaining environmental benefits and lower cost of ownership are driving more commercial fleets to electrify, according to a new study by UPS and GreenBiz. A lower total cost of ownership—factoring in both direct and indirect costs and savings over the life of the vehicle—is the second biggest driver, cited by 64% of respondents.
million continuation of an award from the US Department of Energy’s Advanced Manufacturing Office to showcase the tri-generation capabilities of a Direct FuelCell (DFC) power plant for industrial applications. billion for our tri-generation DFC-H2 fuel cell power plants serving the industrial and mobility markets in the United States alone.
TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% We are not naïve to the potential risks of pioneering new industries such as deepsea minerals and we are closely following NORI’s ongoing assessment of environmental and social impacts of their offshore operations.
Establishment of a biofuel industry in China is therefore an attractive solution to manage the problems of environmental pollution, energy independence and rural development within the transport sector. In its development of biofuel policy, China’s 10 th five-year plan (2001–2005) proposed a biofuel industry to utilize surplus grain stocks.
The cost of Li-ion batteries has plunged some 97% since their introduction three decades ago—a rate similar to the drop in solar panel prices. Economies of scale comprises cost changes that result from increasing plant sizes and purchasing volumes. Ziegler et al.
To meet the projected demand for cells, Tesla will continue to purchase battery cells produced in Panasonic’s factories in Japan. Not only does the Gigafactory enable capacity needed for the Model 3 but it sets the path for a dramatic reduction in the cost of energy storage across a broad range of applications.
An analysis of the expected emissions performance and total cost of ownership for the ClearFlame business model versus diesel, CNG, BEV, and FCV options in the over-the-road heavy-duty truck market presented in this paper indicates that: The TCO of ClearFlame-based trucks could be, on average, $0.08 EGR and air flow component modifications.
Reducing the cost of electric drive systems from $30/kW to $8/kW. The targets are “stretch goals” established with consultation with stakeholders across the industry. When these goals are met, the levelized cost of an all-electric vehicle with a 280-mile range will be comparable to that of an ICE vehicle of similar size.
Part of the WA Recovery Plan, the accelerated targets and nine studies and projects will boost the State’s renewable hydrogen industry and position WA as a major producer, user and exporter of renewable hydrogen. The McGowan Government has committed $5.7
project development with a new cooperative agreement between the FutureGen Industrial Alliance and DOE for a carbon capture and storage (CCS) project in Illinois. project’s output under its power purchasing plans. The Department of Energy is committed to the demonstration of carbon capture and storage technologies.
The Fisker app offers a flexible lease program, maintenance and repair on demand, insurance purchase to easy finance options. As an industry first, a customer can return the vehicle in one month, eight months, 22 months or several years. The $250 reservation may also be applied to the purchase of the vehicle.
Supply chain disruption and rising material costs are causing the global automotive industry to re-evaluate lean manufacturing principles, according to a new survey commissioned by ABB Robotics. The survey highlighted how the rising cost of raw materials (62%) had already overtaken energy costs (59%) as the industry’s chief concern.
Alstom’s hydrogen technology has also been purchased by SNCF (France) and FNM (Italy). This agreement is aimed at optimizing hydrogen systems, including improving the reliability and durability of fuel cells, increasing their power density and reducing the cost of such solutions.
has reached agreement with trucking firms to lease or purchase more than 250 new heavy-duty trucks, fueled by its Redeem RNG (renewable natural gas). In addition, truck fleets financed or purchased through Zero Now will be able to purchase Redeem fuel with a fixed discount to diesel at a significant spread. Earlier post.).
The EVs—projected to be 64 Ford Focus sedans, 23 Nissan LEAF sedans and 3 Zenith vans—were purchased with $2.8 million in funding support from MTC, which offset the incremental cost of the EVs and charging infrastructure. Sonoma County and the Sonoma County Water Agency purchased 27 vehicles through the program.
5G has cemented its place in the cellular world, even as the industry looks towards 6G. How the Huawei Fight is Changing the Face of 5G There was a time when Huawei was ascendant in the wireless world, and the common consensus in the industry was that the equipment vendor was the one to beat when it came to 5G. government or elsewhere.
Developed by Shell and Accenture, with the support of the Energy Web Foundation (EWF), Avelia includes Amex GBT’s travel management services to aggregate global business demand for SAF, which will increase SAF supply and use and help accelerate the aviation industry’s pathway towards net-zero emissions.
Total purchase price is a small fraction of the tangible asset value. Products from this captive plant will now be expanded to broader markets including utilities, energy storage of wind and solar, aerospace, micro-grids, marine and automotive industries while maintaining supply to its present customer.
The two centers would allow for economies of scale sufficient to achieve 2016 DOE/DOT targets and begin to overcome the primary barriers to market: the capital cost of the vehicles and the cost of fuel, CaFCP suggests. In addition to the capital cost of the FCEBs, hydrogen fuel cost is an issue as well. Click to enlarge.
Besides the low cost of ownership, electric motorcycles improve the riding experience, taking away the noise, fumes, vibration, shifting, and clutching from the user experience, alongside the environmental benefits of low emissions. 2020 is an IDTechEx estimate based on Q1 - Q3 2020 data. Source: ACEM, IDTechEx.
The Responsible Battery Coalition, in partnership with the University of Michigan Center for Sustainable Systems, launched a comprehensive research project to compare the total cost of ownership of gas and electric vehicles (EVs). Gregory Keoleian, Director of the Center for Sustainable Systems at the University of Michigan.
During this decade, we will witness the largest and fastest transformation of a global industry that’s ever been seen, and the decisions made today will determine which car makers come out on top of a market poised to bring in over $6 trillion between 2025 and 2030 alone. Seamless Integration with Increased Performance.
Despite offering one of the industrys most robust warranties, Hyundai is doing away with its free maintenance program starting with the 2026 model year. Its a program similar to the ones offered by Toyota, Honda, and others, but Hyundai said it can no longer sustain the costs. Images: Hyundai] Become aTTAC insider.
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