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In a study published in the journal Energy Economics , MIT researchers have found that a fueleconomy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050).
The new fueleconomy label also notes consumption of 34 kWh per 100 miles. EPA fueleconomy label for the LEAF. The label also puts the LEAF as best in the mid-size car class in terms of fueleconomy, greenhouse gas emissions, and emissions of criteria pollutants. Click to enlarge.
Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fueleconomy standards for heavy-duty vehicles post-2018. Climate Change Emissions Fuel Efficiency Fuels Heavy-duty Policy'
million) was provided by IP Group which was matched by Finance Yorkshire. In 2012 Magnomatics secured £2.5 million (US$4.1 million) funding to develop magnetically geared motors and generators for the hybrid and electric vehicle market. million (US$1.7 Fusion IP also invested £366,000 (US$602,000) in the technology.
The Advanced Technology Vehicles Manufacturing Loan Program, first appropriated in the fall of 2008, was to provide about $25 billion in loans to companies making cars and components in US factories that increase fueleconomy at least 25% above 2005 fueleconomy levels.
According to BNEF, developed countries and multilateral institutions should include electric vehicle investments, incentives and charging infrastructure deployments in their international climate finance plans, making capital available to emerging economies that have credible plans to develop this sector.
The technology improves a vehicle’s US Environmental Protection Agency (EPA) city fueleconomy by 25%, providing a three-year payback in heavy use fleet applications, or immediate savings when combined with vehicle financing, according to XL.
In a new report, the Congressional Budget Office (CBO) finds that the fueleconomy standards proposed for model years 2017 through 2025 would eventually reduce revenues from the gasoline tax by 21% in 2040. How Would Proposed FuelEconomy Standards. Affect the Highway Trust Fund? CBO, May 2012).
version of the vehicle but with fueleconomy and CO 2 emissions approaching those of a Prius. CPT was advised on the transaction by Turquoise International (corporate finance) and Matthew Arnold Baldwin (legal & tax). HyBoost shows comparable performance to the conventional 2.0L Earlier post.). —CPT CEO Nick Pascoe“.
The study considers five different powertrains (internal combustion engine, hybrid-electric, plug-in hybrid-electric, fuel-cell-electric, and battery-electric) and 12 cost components (purchase cost, depreciation, financing, fuel, insurance, maintenance, repair, taxes, registration fees, tolls and parking, payload capacity and labor).
The US Department of Energy’s (DOE) Loan Programs Office (LPO) announced a conditional commitment for an $850-million loan to help finance the construction of KORE Power ’s advanced battery cell manufacturing facility in Buckeye, Arizona. million gallons of gasoline per year.
The macro results for four scenarios showed that economic growth and employment rise with the degree and scope of transport fuel efficiency standards. In all case, the study found, direct and induced fuel savings translated into significant emissions reductions and new demand for more job-intensive goods and services. Click to enlarge.
a company focused on developing a supercritical fuel injection system for internal combustion engines ( earlier post ), closed a $32-million Series D Round of funding. Using engine test data, Transonic simulated vehicle fuel consumption for a vehicle over the NEDC drive cycle using a 4-cylinder, 1.6L Transonic Combustion Inc.,
However, the document not only provides a detailed look at the finances of the company, it also provides a quick recap of recent technology developments and some insight into the company’s immediate research priorities. Chrysler is also seeking to reduce electrical loads through application of higher efficiency fans and fuel pumps.
The software reflash does not affect average fueleconomy, drivability, durability or refinement of the vehicles. In addition, FCA US will pay $19 million to the State of California for emissions mitigation initiatives, while also financing the upgrade of 200,000 high-efficiency catalytic converters through the aftermarket.
billion by Congress to support up to $25 billion in loans to companies making cars and components in US factories that increase fueleconomy at least 25 percent above 2005 fueleconomy levels. The loan for Ford Motor Company is the first to be finalized since the program was appropriated in the fall of 2008.
One of the largest automotive component conglomerates in China, Zhongding will finance and construct the first opoc plant in the Anhui Province. p> Zhongding Power and EcoMotors have entered an agreement for the production of the opoc (opposed-piston, opposed cylinder) engine ( earlier post ).
Plug-in vehicle sales in Europe reached 408,000 units in 2018, 33% higher year on year, with predictions that Europe will quickly pull ahead of the US as the number two EV market behind China in the 2020s, driven by tightening fueleconomy regulations and growing commitments from domestic automakers.
By law, these excises are the primary revenue source for financing road, bridge and transit projects. The less motor fuel used by drivers, the less revenue generated for improvements financed through the HTF. Summary of the analysis. Click to enlarge. mpg by 2016).
We look at why fuel-economy standards don't need be loosened to keep cars safer, and we ask followers for their back-to-school thoughts in our latest Twitter poll. We get our first chance to ride in Audi's new electric e-tron SUV. Chinese electric carmaker NIO plans to start its expansion in the U.S. by raising money.
Furthermore, the study shows the potential for a 30% improvement in fueleconomy over the equivalent performance Cummins ATLAS Tier 2 Bin 2 engine ( earlier post ) as well as a significant improvement in NO x and PM (42-74%, depending upon drive cycle and pollutant). Fueleconomy (mpg). Fueleconomy (mpg).
In an independent report on flywheel hybrid technologies, commissioned by Torotrak, Ricardo Strategic Consulting also concluded that pure mechanical flywheel hybrids promise similar fueleconomy and CO 2 benefits to electric hybrids but at around one third the cost. Earlier post.). Torotrak has conditionally raised funds of £16.0
Without a change in current transport development patterns in Asia, global carbon dioxide emissions and fuel prices will keep rising, with consequences for climate change, energy security, and economic growth. —Bindu Lohani, Vice President for Knowledge Management and Sustainable Development at the Asian Development Bank (ADB).
To counter this trend triggered by China’s rapid motorization, the Chinese government is adopting a broad range of policies, including improvements in the fueleconomy of new vehicles and the promotion of alternative-fuel vehicles, EIA notes. China vehicle sales and gasoline consumption. Source: EIA. Click to enlarge.
The company says that its hybrid powertrain increases the EPA city fueleconomy by 25%, which can provide a three year payback without government incentives, or immediate savings when combined with vehicle financing.
The Advanced Technology Vehicles Manufacturing Loan Program, first appropriated in the fall of 2008, will provide about $25 billion in loans to companies making cars and components in US factories that increase fueleconomy at least 25% above 2005 fueleconomy levels. Ford Motor Company will receive $5.9
The US has up to now adhered to the user-fee principle in financing transportation infrastructure—i.e., users pay for the construction and maintenance of roads via a federal fuel tax. In the meantime, cars and trucks have become more fuel-efficient. Changing policies is difficult, especially while the economy is weak.
“Improve” policies can reduce energy consumption and emissions of all travel modes through the introduction of efficient fuels and vehicles. Improve” policies include tightened fuel-economy standards and increased advanced-vehicle technology sales (e.g. clean diesel trucks and hybrid and plug-in electric cars).
Measured fueleconomy improvements cannot factor in a hybrid system. Projects under this funding opportunity ( DE-FOA-0000079 ) will be financed, in whole or in part, with funds appropriated by the American Recovery and Reinvestment Act of 2009. Funding for the hybrid system will not be considered for this area of interest.
Those who finance their vehicles will see a net positive cash flow—again, specific to the additional cost of technology—starting immediately. Consumer benefits would be more than 3 times the costs of the standards. The analysis found that consumer benefits are available across vehicle types, from cars to light trucks.
GM Ventures joined lead shareholders EnerTech Capital and Fairhaven Capital Partners and five existing investors to complete the Series C financing round. Over the next several years, light-weighting of vehicles will be a major focus area to improve fueleconomy. Terms of the GM Ventures investment were not disclosed.
The financing included new investors Lear Corporation, a leading automotive seating systems and electrical systems supplier, and SPDG, a single family office based in Brussels, in addition to the company’s existing major shareholders. Commercial-scale qualification of NanoSteel AHSS began in North America in 2016.
In 2011, the new Buick LaCrosse Hybrid, which will have 20% better fueleconomy than the standard model, and the Chevrolet Volt electric vehicle with extended range capability will be introduced. These products offer improved fuel efficiency of between 8% and 13%. all have class-leading fueleconomy. liter and 1.4-liter
One of the largest automotive component conglomerates in China, Zhongding will finance and construct the first opoc plant in the Anhui province. When compared to a state-of-the-art, conventional turbo-diesel engine, the opoc engine has the potential to deliver an improvement of more than 15 percent in fueleconomy.
Making loans and financing more accessible for PEV buyers. Although early adopters may be willing to pay more for PEVs to realize fuel savings or environmental benefits, their ability to pay can be hindered by the current financing process.
Vehicle fuel consumption depends on the combination of powertrain and fuel used, as well as how the vehicle is driven. We emphasize that this policy portfolio is not a substitute for an economy-wide carbon management policy (such as a carbon tax or cap-and-trade system).
To increase overall automobile fueleconomy substantially, the government calls for a focus on hybrid technology; the development of a dedicated hybrid engine and the electromechanical coupling devices; and support for the implementation of efficient internal combustion engines. Electric drive system power density of 2.5
Reducing the environmental impact of freight transportation in the face of increasing trade and economic growth in North America requires much more than continued progress on fueleconomy and transport technology. It is estimated that the North American economy will grow by 70–130% between the years 2005 and 2030.
The plug-and-play modular units, which are designed to rapidly liquefy natural gas while minimizing a site’s physical footprint, will support fueling stations along major transportation corridors that run across the US. The new system will help reduce a fleet operator’s fuel costs by more than 25% compared to diesel fuel.
The study cautions, however, that the availability of financing, total cost of ownership and the unfolding events in Japan will impact vehicle sales in both markets. The remaining 23 million units will sell in the used-car market. Behind the forecast, four key macroeconomic factors were measured. consumer confidence. —Dan Cheng.
GM also reaffirmed its commitment to improve the fuel efficiency of its vehicle fleet, meet or exceed new federal fueleconomy and emissions regulations, and push ahead with advanced propulsion technology. The Chevy Equinox and GMC Terrain, midsize crossovers with highway fueleconomy of 32 mpg. The Chevy Volt.
The combined business will offer a robust portfolio of products and systems solutions from the engine to the tailpipe to improve engine performance and meet tightening criteria pollutant regulations and fueleconomy standards. Under the agreement, Tenneco can reduce the number of shares of Class B Non-Voting common stock by up to 7.3
The investment was part of Pivotal’s $253-million Series C financing round; the round was led by new investor Ford, in conjunction with Microsoft and all previous investors GE, EMC and VMware. Ford is investing $182.2 The deal is expected to close in May 2016, subject to customary conditions, including receipt of required regulatory approval.
It also reviews government policies in a number of OECD countries as well as a selection of non-OECD economies. Governments can design fueleconomy regulations so that they are technology neutral, and that they foster continuous innovation by allowing flexibility in achieving the outcomes rather than supporting specific solutions.
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