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The $787-billion stimulus bill (HR 1, the American Recovery and Reinvestment Act) that emerged from the joint House-Senate conference committee this week provides funds for a large range of transportation-related projects. The credit generally is available for vehicles purchased after 2005. Funds under this heading include: $2.5
Automotive lithium-ion battery maker EnerDel will be using a portion of its recent federal stimulusgrant to purchase eight AeroVironment (AV) advanced electric vehicle power cycling and test systems. In August EnerDel was awarded a $118.5
The FOA modifies a much smaller and earlier-issued FOA by incorporating a supplemental $300 million appropriated by the American Recovery and Reinvestment Act (ARRA) of 2009 (the stimulus bill) for the Energy Policy Act (EPACT) of 2005 Section 721 to fund a competitive grant pilot program to be administered through the Clean Cities Program.
billion transit stimulus money to states and local communities. grants totaling more than $6.7 grants totaling more than $6.7 The majority of these grants will be used to purchase new vehicles, increase safety and security initiatives and construct, rehabilitate, and maintain the various transit systems.
The utility is participating in a national consortium that recently was awarded a federal stimulusgrant to purchase plug-in hybrid electric vehicles (PHEVs), and the company is buying more trucks to run on compressed natural gas (CNG) as well. The matching stimulusgrant will provide up to $2.5
This latter development is due as much to the fact that developed bus markets may experience a general slowdown, due to austerity measures and the end of stimulus funding, as to any changes in demand for electric drive. would purchase 500 battery electric buses. Europe is behind on hybrid bus deployments, although stimulus.
But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations.
Purchase and investment incentives should be based on similar criteria across Europe, drawing on both national and EU funding. Demand stimulus will boost the utilization of our manufacturing capacity, safeguarding jobs and investments. Grant uniform exemptions for cross-border commuting and necessary travel.
In addition, a Notice of Intent (NOI) was issued by the DOE on 18 February 2009 to provide grants based on $2 billion in stimulus funding under the Advanced Battery Manufacturing Initiative (ABMI), a cost share grant program for the manufacture of advanced battery systems in the United States. Ener1 purchased $21.3
Separately, Proterra announced it has been selected by the Washington State Department of Transportation (WSDOT) and the Department of Enterprise Services (DES) in a significant RFP solicitation for a statewide master contract for Heavy-duty Transit Vehicles and a multi-vendor contract for the purchase of multiple public transportation vehicles.
We closed the first quarter of the year with a significant increase of 14%, which was also affected by the 15,025 cars that have been purchased to replace those damaged by the DANA in the province of Valencia [at the end of last year], commented director of communication and marketing at ANFAC, Flix Garca.
If you listen to US President Barack Obama it has been a long time coming – his decision to pour $2.4billion of stimulus money to make America a global leader in electric and hybrid car development comes as the country plays catch up to the likes of Japan and even China in the green car race (see article ). “I Who will benefit? Our verdict.
The main reasons for global automotive sales drop are, The purchasing power of consumers decreased. One of the key drivers driving the market’s growth is favorable government policies and funding in the form of incentives and grants, tax rebates, and other non-financial advantages such as carpool lane access.
Now there are more than 40 locations that have applied for Texas Commission on Environmental Quality VEMP Level 2 grants , and I know of a few more that are still discussing plans in committee. When I launched our chapter 19 months ago, you could count the number of networked EV charging stations in the area on one hand.
The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Grant Davis is a Managing Director at New York Life Investments.
From the article: ‘The New York study anticipates that by 2015, electric vehicle prices should decline because of reduced battery costs, that there will be a sufficient supply of electric vehicles to purchase, and that consumers will take advantage of the existing federal tax credit of $7,500 for new electric cars. Or No Cars?
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