Remove Cost Of Remove Industrial Remove Purchase
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Lithium-ion battery recycler ABTC expands operations and capacity with newly purchased facility

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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.

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Maryland school board approves purchase of 326 electric school buses; Thomas Built e-buses powered by Proterra

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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 purchase cost of vehicles that is critical at this early stage of mass deployment.

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Transit and transportation agencies form national Automated Bus Consortium; initial purchase of 75-100 automated buses

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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.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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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.

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Oxford team suggests realizing EV revolution will require much better understanding of consumer behavior, policy and industry support

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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.

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Hyundai signs MOU with South Korean government and industry partners to demo EV battery leasing business

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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.

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UPS collaborating with Workhorse to deploy 50 electric trucks; rivaling acquisition cost of conventional; no subsidies

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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.

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