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Lithium-ion battery recycler ABTC expands operations and capacity with newly purchased facility

Green Car Congress

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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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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Tesla maintenance and repair costs are lowest in the auto industry: data

Teslarati

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.

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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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Is the Depreciation Cost of Electric Vehicles the Same as Conventional Vehicles?

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  In this, we will explore whether the depreciation cost of EVs is the same as that of conventional vehicles and the basics of the factors involved in depreciation for any type of vehicle. For instance, a car with a residual value (RV) of 40% would have lost 60% of its worth in three years or 36,000 miles (Industry standard).

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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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Niti Aayog gives proposal to RBI for electric vehicles purchase loans 

Electric Vehicles India

Niti Aayog gives proposal to RBI for electric vehicles purchase loans . For the faster adoption of electric vehicles in the country, the Reserve Bank of India is considering a proposal from the government’s policy think tank Niti Aayog to categorise loans to purchase electric vehicles under the priority sector lending (PSL) segment.