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King County Metro (Metro)—the public transit authority of King County, Washington, which includes the city of Seattle—has agreed to purchase 40 sixty-foot battery-electric Xcelsior CHARGE heavy-duty transit buses from New Flyer, with plans to order an additional 80 battery-electric buses in the coming year.
VIA Motors, a provider of electric drive technology and sustainable mobility solutions for a wide variety of Class 2 – 5 electric commercial vehicles applications, has received a purchase order for 2,000 Class 3 VIA electric cutaway chassis cabs from Pegasus Specialty Vehicles.
Gevo announced a new fuel sales agreement with American Airlines for the sale of 100 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations. The Agreement with American Airlines is the single, largest fuel sales agreement ever entered into by Gevo with a customer.
Honda last week announced key targets for sales of electrified vehicles in North America, with a plan to make battery-electric and fuel cell electric vehicles (BEVs and FCEVs) to represent 100% of its vehicle sales by 2040, progressing from sales of 40% by 2030 and 80% by 2035. Honda SUV e:prototype shown at Shanghai 2021.
GlobalData’s analysis suggests that low oil prices will lead to a longer waits for the reduced fuel costs offered by electric vehicles (EVs) to amortize their higher purchase prices. Higher prices at the pumps mean EVs make up their extra purchase cost sooner, while lower fuel prices see ICE cars remain cheaper than EVs for longer.
The arrangement would provide NetJets with the right to purchase up to 150 Lilium aircraft, introducing more options to NetJets owners to complement their existing flight patterns. NetJets also anticipates supporting Lilium with a private sales campaign for individuals to purchase Lilium aircraft. NetJets Inc.,
These core business aims include: Accelerating electrification and achieving annual sales of 1.2 Starting with an annual global sales goal of 3.15 The company will make the sales of these vehicles the focus of future business growth. million BEV sales in 2030. Kia also announced its four key business targets for 2030.
The New York City Department of Sanitation (DSNY) plans to purchase seven Mack LR Electric refuse models, which will operate in each of the city’s boroughs. Mack has long been the number one choice of refuse customers, and we are now well-positioned to be the industry leader in e-mobility as well.
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.
START will help customers meet the demand from consumers for transparency on where and how the products they purchase are made. Sample START Sustainability Label to be provided upon request with each sales order. The START sustainability label is now available for aluminum purchased from Rio Tinto’s managed operations globally.
The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 We have to remember that the industry was already operating in a challenging environment, especially towards the end of last year.
Optimal Electric Vehicles and Olathe Ford, one of the nation’s largest Ford Commercial Vehicle Centers (CVCs), announced a new partnership in the sales and distribution of Optimal-EV’s E1 series battery-electric cutaway chassis platform.
Designed to meet increased demand for retail e-bikes globally, a market projected to reach $23 billion by 2023 (source: Deloitte) and that grew 157% year over year in sales in the US in 2020 (source: QYResearch), the Bird Bike provides consumers with an electric vehicle to reduce reliance on gas-powered vehicles.
As we are witnessing in the passenger EV market, higher sales volumes are translating into lower prices. Lightning Systems’ electric commercial vehicles are built on familiar industry-leading chassis such as the Ford Transit 350HD, Ford E-450, Ford F-550 and Chevrolet 6500XD. —Tim Reeser, CEO of Lightning Systems.
Increasing future sales for BEVs will rely on companies improving awareness of their product. The auto industry has seen this need to improve familiarity in the past, with some advanced driver assist features such as ACC and even autonomous driving. However, what drives someone to make the purchase is beyond these benefits.
November sales of plug-in hybrids passenger vehicles hit 7,333, up by 2.9% Sales of pure-electric vehicles and plug-in hybrids January-November 2020 were 139,246 and 69,390, respectively, down by 19.9% China’s NEV industry was hit by the Covid-19 outbreak in this year’s first quarter. from October and by 127.8% on the year.
Plug-in vehicles—including battery-electric cars, plug-in hybrids, and hydrogen fuel-cell cars—are nearing one in 10 new-car sales in California, according to a periodic update from industry group Veloz, referring to the latest data from the state.
IDTechEx expects electric motorcycle sales in Europe to have grown at least 50% year-on-year in 2020, building on the momentum of recent years. Indeed, notes IDTechEx, young people are less inclined to buy a motorcycle in general, which is an existential problem with which the overall industry is grappling.
Carmakers will also have to ensure that zero- and low- emission vehicles—ZLEVs (electric cars or vehicles which emit less than 50g CO2/km)—have a 35% market share of sales of new cars and vans by 2030, and 20% by 2025. It would essentially force the industry into a dramatic transformation in record time.
A new study by a team from Aarhus University in Denmark has found that car dealerships pose a significant barrier to electric vehicle adoption at the point of sale due to a perceived lack of business case viability in relation to gasoline and diesel vehicles. Their study is published in the journal Nature.
The index—now in its tenth year—facilitates a comparison of competitive positions of the relevant automotive nations (the US, Germany, China, France, Italy, Japan and South Korea) in the field of e-mobility, based on an objective assessment of those countries in three key areas: technology, market and industry.
Power, EV adoption in the US is growing increasingly divided, with the most active states for EV adoption already on the path to parity with internal combustion engine (ICE) vehicles and consumers steadily pulling back on EV purchases in the least-active states. Industry-wide, Tesla currently accounts for 63% of all EV sales year to date.
Electricity and hydrogen are the two key energy carriers for a low-carbon future, and hydrogen will play a vital role in industry, shipping and synthetic aviation fuels. The demand from European industry alone, for example steel mills, massively exceeds the total green hydrogen production capacity currently planned for the EU for 2030.
The LR Electric features the same industry-leading ergonomics and visibility as the diesel-powered LR model. TEC Equipment Fontana, California, and Northwest Equipment Sales in Boise, Idaho, were the first two Mack dealers to achieve Certified Electric Vehicle Dealer status.
The Electrification Coalition has introduced its EV Policy Showroom, offering policymakers, EV advocates, industry partners and other stakeholders online access to easily navigable data and policy information on the deployment and adoption of electric vehicles and charging infrastructure. Screenshot from EV Policy Dashboard.
While there are always going to be exceptions to the rule, that has been the general trend within the industry over the last fifteen years. Negative vehicle equity is presently averaging at an all time high of roughly $7,000 in the United States and about 25 percent of trade-ins toward new-car purchases had negative equity.
The taxes fall into three broad categories: vehicle acquisition (VAT, sales tax, registration tax); ownership (annual circulation tax, road tax); and motoring (fuel tax). This just goes to show the sheer scale of the importance of the automobile industry to Europe. —Eric-Mark Huitema, ACEA Director General.
By contrast, in Canada, a majority (66%) say they are either “very unlikely” or “somewhat unlikely” to consider an EV for their next vehicle purchase. It is followed by purchase price (59%) and lack of charging station availability (55%). Power Canada Electric Vehicle Consideration (EVC) Study. —J.D.
Portfolio upgrades, enhancing efficiency, increasing renewable energy purchases, reducing throughput and sales of fossil refinery products, and increasing the share of recycled and sustainable feedstocks will be the key levers in achieving these targets. Chemicals & Materials. The share of gas will increase to more than 60%.
Rapidly declining battery costs, low-cost electricity, and federal purchase incentives mean these vehicles will be cheaper to own and operate than diesel trucks before the end of this decade. This equates to around 1% of the total national electricity retail sales in 2021. Earlier post.)
Almost half of global consumers (46%) are considering purchasing a car in the next 12 months, an increase from 35% in April 2020. This shift is likely to translate into vehicle sales, with almost 72% of consumers stating that they value constant access to a private vehicle more than before the pandemic.
The regulations mandate that a certain percentage of the vehicles delivered for sale in a state are ZEV vehicles. Each year, manufacturers must meet a ZEV credit amount that is based on average annual sales. In states already in the program, the automobile industry has successfully met the required percentage.
GM is expanding its efforts to educate public safety, fire and emergency service providers throughout the United States and Canada as EV sales grow. A yellow sticker provides guidance on where to disable a vehicle’s standard 12-volt circuit and is a new industry practice to aid first responders.
Sunseeker has always led the industry by innovating and being first to market so it is entirely appropriate that we are the first luxury performance yacht manufacturer to partner with MTU Hybrid Power which will revolutionize how all customers power their boats over the coming years.
Specifically, the regulations require parties upstream of retailers and wholesale purchaser-consumers to turn over their storage tanks to low volatility summer gasoline and stop selling higher volatility winter gasoline by 1 May so that retailers and wholesale purchaser-consumers can meet the applicable low volatility gasoline standards by 1 June.
China’s “zero-COVID” policy could slow sales of electric vehicles this month as consumers in the country’s biggest city remain at home. Consultancy Rho Motion now forecasts Chinese EV sales of 5.6 Still, battery producers including CATL and LGES said this week they were confident about global sales this year.
Experts in the auto industry believe affordability is the remaining hurdle preventing electric vehicle (EV) sales from rising. The biggest issue in our industry is affordability,” Katarski said during the Automotive News Congress in Pontiac, Michigan. We’re seeing a ton of people flock to them—when they can afford them.
Sales are expected to begin in the 2024 model year in Honda’s United States and Canadian markets. This expanded partnership will unlock economies of scale to accelerate our electrification roadmap and advance our industry-leading efforts to reduce greenhouse gas emissions.
After years of consistent growth, the connected vehicle industry will face a 15% decline in shipments and flat revenues in 2020, according to projections by ABI Research, a global tech market advisory firm. The connected car industry will resume consistent growth from 2021 and achieve a market value of US$75 billion in 2023.
China's new energy vehicle (NEV) sales in March were 653,000 units, up 34.8 The CAAM released data on wholesale sales by automakers, where NEVs include battery electric vehicles (BEVs), plug-in hybrid vehicles (PHEVs) and fuel cell vehicles. China saw BEV sales of 490,000 units in March, up 23.8 percent year-on-year and up 24.4
lithium carbonate product from its industrial-scale pilot plant operations at the Rincon Lithium Project in Salta Province, Argentina. Argosy has executed a sales agreement with Mitsubishi RtM for up to 100 tonnes LCE product. Australia-based Argosy Minerals Limited confirmed the successful export shipment of five tonnes of >99.5%
Toyota Motor Corporation and Subaru Corporation disclosed today that they have agreed jointly to develop a platform dedicated to battery electric vehicles (BEVs) for midsize and large passenger vehicles and jointly to develop a C-segment-class BEV SUV model for sale under each company’s own brand.
Reports of an electric vehicle (EV) sales slowdown this year have been a major focus for many automakers, but new data suggests that the downturn may not last as long as previously expected—and may not be as bad as many thought. In a report on Tuesday, Bloomberg said that Q1 sales data makes the supposed EV slowdown in the U.S.
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