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President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

billion in grants to US-based manufacturers to produce batteries and their components and to expand battery recycling capacity; $500 million in grants to US-based manufacturers to produce electric drive components for vehicles, including electric motors, power electronics, and other drive train components; and. Indianapolis, IN.

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WHYY reports Philadelphia’s Proterra electric bus fleet sidelined due to cracked chassis and other defects

Green Car Congress

In a March 2021 email, SEPTA General Manager Leslie Richards said she planned to tell Federal Transit Administration officials, who helped underwrite the initial purchase of Proterra buses with a $2.6 million federal grant, that she had doubts about “the future of electric vehicle procurement.”. “I

Fleet 379
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USDOT awarding $55M to support purchase of Low-No buses; electric buses and infrastructure

Green Car Congress

The US Department of Transportation’s Federal Transit Administration (FTA) announced $55 million in grant selections through the Low or No Emission (Low-No) Vehicle program, which funds the development of transit buses and infrastructure that use advanced fuel technologies. Fifty-one projects in 39 states will receive a share of the funding.

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US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development

Green Car Congress

Like the Recovery Act-funded projects, the annual Clean Cities projects include grants for vehicles, infrastructure, and education. Team partners will purchase a total of 191 commercially available light- to heavy-duty alternative-fuel and advanced-technology vehicles. Last week, the Department of Energy also announced that.

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ENER1 Receives Additional $20M from Principal Shareholder

Green Car Congress

has executed a securities purchase agreement with its principal shareholder, Ener1 Group, for the purchase of common stock and warrants for $20 million. Ener1 Group has purchased 5,665,723 shares of common stock and 2,426,670 million warrants. Li-ion maker ENER1, Inc. The financing is expected to close next week.

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Ener1 Outlines Automotive Programs Underway for Li-ion Packs

Green Car Congress

Overall, Ener1’s 92,000 ft 2 facility in Indianapolis has current capacity to produce 300 million watt hours of electrodes; an additional $50 million spent on equipment would double capacity to 600 million watt hours of electrodes for battery pack and cell production capacity of $450 million value in sales. Ener1 purchased $21.3

Li-ion 150
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Kimbal Musk exercises options to buy 25k of Tesla stock at $74.17 per share

Teslarati

On Wednesday, Tesla board member Kimbal Musk purchased 25,000 TSLA shares. Musk’s recent purchase of TSLA stock was listed in a Form-4 filing. million on his purchase. Musk had exercised a call option to buy TSLA shares at a discounted price of $74.17 Considering the shares’ discounted price, Kimbal Musk spent just about $1.85

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