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Obama was delivering a speech on energy policy at Georgetown University. Meeting the goal of cutting US oil dependence depends largely on two things, Obama said: finding and producing more oil at home, and reducing dependence on oil with cleaner alternative fuels and greater efficiency. —President Obama.
US President Barack Obama announced a new $1-billion National Community Deployment Challenge to spur deployment of advanced alternative fuel vehicles in communities around the country.
US President Barack Obama announced fuel efficiency and greenhouse gas emission standards for medium- and heavy-duty vehicles. Vocational vehicles undergo a complex build process, with an incomplete chassis often built with an engine and transmission purchased from different manufacturers, which is then sold to a body manufacturer.
In a statement livecast on the Internet by the White House, President Barack Obama said that neither of the restructuring plans submitted by GM and Chrysler “ goes far enough to warrant substantial new investment. ”. President Obama. President Obama. Earlier post.). The US government has no interest in running GM.
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 fuel economy standards for heavy-duty vehicles post-2018. Earlier post.). Providing a toolkit for climate resilience. Energy Efficiency.
The Defense Logistics Agency (DLA) has signed a contract to purchase 450,000 gallons of advanced drop-in biofuel for the US Navy from Dynamic Fuels, LLC, a joint venture between Tyson Foods, Inc. and Syntroleum Corporation. Solazyme, Inc., Solazyme, Inc., Earlier post.)
will pay US$500 million to purchase the UST’s 6% ownership interest in Chrysler. Following the consummation of the purchase of the interest held by UST and the. In addition, the holder has a right to purchase all of the membership interests retained. billion advanced by the Obama administration. Chrysler received $12.5
President Obama is making good on his promise to spearhead the EV revolution. It’s all part of the Obama administration’s plan get to 1 million plug in hybrids on the road by 2015. Obama At A Town Hall Meeting in Los Angeles, California - March 19, 2009. Tags: EV Economics Obama Energy. The new $2.4-billion
President Barack Obama announced that the US General Services Administration (GSA) will spend $285 million provided by the American Recovery and Reinvestment Act (ARRA) to buy about 17,600 new, fuel-efficient vehicles produced by US auto companies by 1 June. This includes the purchase of 2,500 hybrid sedans that will be ordered by 15 April.
The Obama Administration will expand oil and gas development and exploration on the US Outer Continental Shelf, while protecting fisheries, tourism, and places off US coasts that it says are not appropriate for development. President Obama is withdrawing Bristol Bay from consideration for oil and gas development through 2017.
President Obama announced 48 new advanced battery and electric drive projects that will receive $2.4 billion in funding under the American Recovery and Reinvestment Act. The new awards cover the following areas: $1.5
President Obama announced the award of $2.3 Aeroenvironment plans to purchase equipment for manufacturing 25 kWh LiTiO advanced battery packs and battery management systems. billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. Aerovironment, Inc.
President Obama used his last State-of-the-Union (SOTU) address of his term to outline four main elements of a blueprint for an “ economy that’s built to last: an economy built on American manufacturing, American energy, skills for American workers, and a renewal of American values. ”. —President Obama.
This program was signed into law by President Bush in 2008 and then awarded under the Obama administration in the years that followed. Elon Musk, Tesla’s Chief Executive Officer and cofounder, purchased $100 million of common equity, the least secure portion of the offering.
Barack Obama (D-Ill.) Barack Obama on Energy Independence Remarks of Senator Barack Obama Governor's Ethanol Coalition Washington, DC Feb. Second, Washington should lead the way on energy independency by making sure that every single automobile the government purchases is a flexible-fuel vehicle - starting today.
Plug-in vehicle (PEV) sales—comprising battery-electric (BEV) and plug-in hybrid electric vehicles (PHEV)—in the US by 2015 will fall far short of the 1-million unit target set by the Obama Administration, according to a new report from Pike Research. production and sales numbers. Positive word of mouth will slowly spread.
General Motors today will purchase 200 million shares of GM common stock held by the US Department of the Treasury for $5.5 Bush in 2008 and which was expanded by President Barack Obama in 2009. billion, or $27.50 Government ownership of GM stock was the result of the auto industry rescue that began under President George W.
The new Obama Administration proposal to increase fuel efficiency standards for cars and light trucks to an average 54.5 As new cars and light trucks are purchased in the future and old ones retired, average fuel economy will improve, reducing the 2009 forecast of gasoline sales and HTF revenues. mpg by 2016).
In 2010, AT&T and other large US fleet operators joined in the Department of Energy’s Clean Cities’ National Clean Fleets Partnership as part of a national challenge launched by President Obama to cut America’s petroleum imports by one-third by 2025.
Starting next year, the joint “Farm-to-Fleet” venture of the US Departments of Agriculture (USDA) and Navy will make biofuel blends part of regular, operational fuel purchase and use by the military. The Navy will seek to purchase JP-5 and F-76 advanced drop-in biofuels blended from 10 to 50 percent with conventional fuels.
The agreement also includes purchase rights for an additional 150 airplanes. Lion Air will also acquire purchase rights for an additional 150 airplanes valued at more than $14 billion if exercised at list prices. US President Barack Obama witnessed the announcement at a ceremony today at the East Asia Summit in Bali, Indonesia.
President Obama has proposed a credit equivalent of 50 percent of the extra cost of purchasing a natural gas-powered truck compared with one that runs on diesel or gasoline. Quantum says its composite tanks are the lightest in the industry, requiring less structure for mounting support, thereby increasing available payload.
The Office of Federal Sustainability is inviting State, county and municipal government fleets to join forces with Federal agencies to maximize their collective buying power, and aggregate their EV and charging infrastructure purchases. Municipal fleet electrification.
In December 2011, the Defense Logistics Agency announced the single largest purchase of biofuel in US history, using a blend of algae and waste cooking oil. President Obama spoke about the potential of algae biomass to displace 17% of our current consumption of petroleum.
A new economic analysis in an issue brief from the Consumer Federation of America (CFA) is recommending that the Obama Administration set a fleet-wide car and light truck fuel economy standard of 60 mpg (3.92 The Obama Administration will release a Notice of Intent for 2017-2025 light duty fuel economy standards on 30 September.
Those cities, which don’t include Guangzhou, are supposed to provide subsidies for purchases of all-electric battery cars, plug-in hybrids and hydrogen-fuel-cell cars. They are expected to collectively put 60,000 new-energy vehicles in service in four years. Earlier post.)
President Obama announced in his weekly video address on 3 July that DOE has offered a conditional commitment for a $1.45 Abengoa Solar signed a power purchase agreement with APS, the state’s largest electric utility, to sell the energy produced by Solana for a period of 30 years. billion loan guarantee to Abengoa Solar, Inc.
President Obama announced the DOE “Clean Energy Grand Challenge” in March 2012 with the goal of enabling US companies to be the first in the world to produce plug-in electric vehicles (PEVs) that are as affordable and convenient for the average American family as today’s gasoline-powered vehicles within the next 10 years.
Since President Obama signed ARRA into law in February, grants totaling more than $7.2 Stationary Fuel Cells and Hybrid Transit Buses Incremental Costs: The purchase of diesel-electric hybrid transit buses and stationary fuel cells for use in the statewide bus system in Connecticut. The DOT is making $48.1
In 2009, the Obama administration launched the Car Allowance Rebate System, a program that was intended to not only stimulate spending, but also to improve energy efficiency and safety by encouraging people to upgrade to new cars. Three professors in the W. Carey School of Business analyzed a unique data set. and of the new vehicles, 24.9.
Strong income tax credits for the purchase of new diesel, hybrid, and plug-in hybrid vehicles are very expensive and essentially ineffective at reducing GHG emissions from transportation. Purchase tax credits are an expensive way to reduce oil consumption and GHG emissions from transportation. —Morrow et al.
Dr. Ann Marie Sastry with President Obama at White House Demo Day, August 2015 Click to enlarge. Dyson’s purchase of Sakti3 comes shortly after Bosch purchased another solid-state battery start-up, Seeo. Our first market will be consumer electronics, and after that, we’ll move to other sectors. Earlier post.).
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?
A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the auto industry, federal government, the scientific community, and consumers—to be realized. —John D.
of vehicle sales), far below levels required to meet the Obama administration’s goal of one million PEVs on the road by 2015. Thus, the majority of PEV tax credits will subsidize purchases that would have happened anyway without the tax credit and will have little-to-no effect on petroleum displacement and emissions reductions.
The US Department of Energy (DOE) has released One Million Electric Vehicles by 2015 , a short status report on advances in deployment and progress to date in meeting President Obama’s goal of putting one million plug-in electric vehicles (PEV) on the road by 2015. Earlier post.). —One Million Electric Vehicles by 2015.
The program will be authorized for up to one year and provide for approximately one million new car or truck purchases. Consumers can also “trade down,” receiving a $3,500 voucher for trading in an older work truck and purchasing a smaller light-duty truck weighing from 6,000 – 8,500 pounds.
favored, despite an emphasis on this technology by the Obama administration. Although the environmental benefits of AFVs are often touted by the media, this characteristic does not seem to be a determinant for consumers when making large purchases, like motor vehicles. Except among a small group of respondents, EVs are not.
The CNG fueling stations and vehicle purchases totaling $100 million are part of UPS’ ongoing commitment to diversify its fuel sources and reduce its environmental impact. UPS operates one of the largest private alternative fuel and advanced technology fleets in the U.S.
of total gas and diesel purchased was displaced by using these alternative fuels. UPS was one of the initial 13 leading companies to take the Obama Administration’s American Business Act on Climate Pledge, committing to reduce greenhouse gas emission intensity 20% by 2020. In 2014, 5.4%
Here's part of Obama's plan thanks to Politico : Obama calls for 'clean energy' nation By MIKE ALLEN Sen. Barack Obama on Monday called reducing the nation’s energy consumption “the great test of our time” and proposed billions of dollars in subsidies for business and consumers to encourage a “ clean energy “ future. “If
We know that Secretary of Energy Moniz recently admitted that the Obama administration’s ambitious and encouraging goal of one million EVs on American roads by 2015 is unattainable. Federal and state commitment to cleaner fleets by purchasing EVs and PHEVs. As a market, we are not where some predicted we would be. This should be a U.S.
It all started with President Barack Obama and as DEED begins, we’re taking the opportunity to briefly revisit the tale, with a related nod to the mother of climate change policy, as former Sen. When Obama took office in 2009, while it may seem inconceivable today, consumers could purchase only one mass-produced EV, a Tesla Roadster.
As one of the outcomes of the “Three Amigos” meeting in Ottawa, Canada Prime Minister Justin Trudeau, US President Barack Obama, and Mexico President Enrique Peña Nieto committed to an “ambitious and enduring” North American Climate, Clean Energy, and Environment Partnership.
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