The NADDC boss said the discussion with the CBN was aimed at working out a financing plan for Nigerians to own cars by spreading the payments over six years By Uzor Odigbo The National Automobile Design and Development Council has entered into discussions with the Central Bank of Nigeria (CBN) …
Read More »Rising credit costs, transaction prices slamming auto affordability, electric vehicle adoption
Lean inventory at a dealership in suburban Detroit, Michigan. Ed Garsten Monthly car loan repayments hit historic highs, transaction prices continue to climb and sticker prices lose relevance as car buyers‘ wallets are ravaged by the effects of the Covid-19 pandemic, including the low inventories, rising inflation and interest rates. …
Read More »Minnesota’s professional car buyers offer tips for buying at the worst possible time
Maybe you walked into a car dealership looking for a new car in the last year – and the dealership didn’t have one. Maybe you went online looking for a used truck and were shocked at the price. You are not alone. Buying a vehicle in 2022 is more expensive …
Read More »Nikola Stock: Enough punishment (NASDAQ:NKLA)
Nikola Stojadinovic/E+ via Getty Images Nikola Shares (NASDAQ: NKLA) fell back into a downtrend after a brief spike near $12 in late April, but the excitement has since faded due to a broader market selloff driven by macro growth headwinds. Nikola remains a potentially worthwhile EV investment in the heavy-duty …
Read More »Why ChargePoint shares fell 35% last month
What happened Anyone investing in the electric vehicle (EV) sector should expect volatility. Most of these businesses are building for the future and are not yet profitable. April was a bad month for the market in general, as the S&P500 fell 8.8%. But more volatile and risky growth names like …
Read More »Management’s Discussion and Analysis Ally Financial Inc. • Form 10-Q, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
Caution Regarding Forward-Looking Statements and Other Terms From time to time we have made, and in the future will make, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical …
Read More »You now invest as little as £5 in a municipal scheme to fund EV chargers and solar panels
A new investment scheme has been launched to tackle climate change by funding electric vehicle chargers and solar panels in Gloucestershire. Cotswold District Council launched the Cotswold Climate Investment this week which allows people to invest directly in a cleaner, greener and healthier future for all. People will be able …
Read More »Ford’s New Ford Pro Unit (F) Will Offer Premium Fleet Services – April 26, 2022
Ford engineit is (F Quick quoteF – Free Report), the new global company Ford Pro, recently rolled out its innovative digital solutions designed to increase uptime and reduce operating costs, which will usher in significant changes to the production of commercial vehicle fleets in Europe. Ford Pro would provide customers …
Read More »David Jarrell: Hillman Garage may be closing, but Annapolis remains open
On May 2, after the Annapolis Spring Sailboat Show closes, Hillman Garage will close for a 14-month rebuild. During construction of the new garage, we want residents, businesses and visitors to know that downtown Annapolis will remain open for business, with alternate parking and transportation options in place. Hillman Garage, …
Read More »Want to lease a Tesla with option to buy? What do you want to know
Tesla is offering the option to purchase one of its electric vehicles currently on lease, under certain circumstances. Here’s how. You’re here offers the option to lease its line of electric vehicles instead of outright purchase, but the company also offers the option to purchase a leased vehicle under certain …
Read More »NITI Aayog Releases Draft Battery Swap Policy to Promote Widespread Adoption of Electric Vehicles; Details here
Government think tank NITI Aayog released the draft Battery Swap Policy on Thursday, April 21 and invited comments and suggestions from all stakeholders. During the 2022-2023 budget, the central government had announced its intention to introduce a battery exchange policy and interoperability standards, with the aim of creating and improving …
Read More »Customer contact centers double down on AI
By turns mind-numbing and infuriating, call center experiences are refreshing, bringing a more human touch to wear, even as more automation is involved than ever. Rebranded as “contact centers” given negative associations with “call centers,” the customer service segment is embracing artificial intelligence (AI) at full speed as major players …
Read More »The smartest stocks to buy with $20 now and hold forever
JThe stock market slump of the past few months has been nerve wracking, but it has driven down the valuations of some strong, solid companies. You can find great deals on stocks under $20 per share. Investors may want to consider these two stocks that have fallen below $20 per …
Read More »Volkswagen launches online sales of ID.4 and ID.5 in Germany
Volkswagen Germany has launched online sales of its all-electric ID.4 and ID.5 models for local customers. Online sales for the ID.3 will follow soon. “Surveys show that around two thirds of our customers also want to be able to buy our vehicles online. We are now fulfilling that wish. Our …
Read More »LION ELECTRIC AND TRANSIT TRUCK BODIES ANNOUNCE THE LAUNCH OF AN ELECTRIC VEHICLE FOR MEDIUM AND HEAVY-DUTY LAST-MILE DELIVERY THAT WAS DEVELOPED IN PARTNERSHIP WITH DEVELOPMENT
MONTREAL, April 11, 2022 /PRNewswire/ – The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty utility vehicles and heavy-duty truck bodies. transit (“Transit”) today announced the launch of a new light, aerodynamic and 100% electric heavy-duty truck perfectly suited …
Read More »NO gas bill! Subscribe to Autonomy.com and drive a Tesla Model 3 for just $490 a month | VIDEO
*SANTA MONICA, Calif. – NextCar Holding Company (NXCR), the fintech and insurtech vehicle subscription platform founded by serial automotive retail, auto finance and insurtech entrepreneurs Scott Painter and George Bauerlaunched a subscription program for electric vehicles and zero-emission vehicles starting with the Tesla Model 3, and changed its name under …
Read More »After GM, Ford, FCA Abandoned Cars, Toyota, now No. 1 in the United States, publicly rubs shoulders with their monumental blunder
There is a demand for cars, often cheaper. Dropping them was a foolish decision to please Wall Street which now haunts the big three US automakers. By Wolf Richter for WOLF STREET. To please Wall Street and focus on the most profitable trucks, SUVs and crossovers, GM, Ford and FCA …
Read More »Former owners of Algoma Steel sign agreement to help build lithium refinery in Thunder Bay
Essar Group and Avalon Advanced Materials partner to commission $500 million processing plant by 2025 to serve electric vehicle market Avalon Advanced Materials has found a global financial partner in India to help build a $500 million lithium refinery in Thunder Bay. After the withdrawal of its first development partnerAvalon, …
Read More »Why ChargePoint charged 37% more in March
What happened Many growth stocks in the electric vehicle (EV) sector have started 2022 poorly. Investors have moved from many aggressive names to cyclical and more value-oriented stocks. Shares in electric vehicle charging network company ChargePoint holdings ( CHPT -0.91% ) were not spared from this rotation. ChargePoint stock is …
Read More »The electric vehicle revolution in Africa
Picture: user6702303 via Freepik As the future of the global automotive industry looks increasingly electric, the combination of changing consumer perception and improving renewable technologies has ushered in a revolution in the automotive industry. By 2035, the US, China and EU are expected to have phased out the sale of …
Read More »Coral Gables mobility hub hits retail hurdle
Written by Abraham Galvan on March 29, 2022 Advertising The Coral Gables Transportation Advisory Board presented its suggestions for the ground floor of the mobility hub on Andalucía Avenue to the city commission on Tuesday. The current layout, which allows only minimal and inadequate parking for bicycles on the open …
Read More »Omega Seiki Mobility forms joint venture with Rabbit Express to tap African market, Auto News, ET Auto
The joint venture will see an investment of $10 million to start, and once the manufacturing plant is established, it is expected to be increased to $50 million. Mumbai: Faridabad-based electric vehicle manufacturer, part of Anglian Omega Group, Omega Seiki Mobility (OSM) has signed a joint venture pact with Egyptian …
Read More »Private credit funds take the page from the start-up book
Reuters Reuters NEW YORK (Reuters Breakingviews) – When Thoma Bravo agreed to acquire enterprise software company Anaplan for $10.7 billion, he had to find comfortable lenders to finance a company with no real track record of flows operating cash. Wall Street banks are struggling to fill that role, so Thoma …
Read More »Top New Motorcycles, Chicago EV Dealer Excited About Spring Sales
“Best New Motorcycles” Top New Motorcycles Has Electric Vehicle Spring Sales People looking for a Chicago EV dealership, should look no further than Top New Motorcycles. This company specializes in motorcycles, scooters and electric cars. Along with their affordable selection, they offer a variety of motorcycle accessories. They have equipment …
Read More »Solo Advanced Vehicle Technologies Announces $7 Million in Seed Funding to Build First Heavy-Duty Truck Platform for Autonomous Freight Transport
Led by Waymo, Tesla and BMW alumni, Solo will bring to market the safest, greenest and most efficient heavy-duty truck specifically designed for rapid deployment of autonomous software SAN FRANCISCO, March 16, 2022–(BUSINESS WIRE)–Solo Advanced Vehicle Technologies (Solo), the automotive hardware company revolutionizing the freight transportation industry, today announced $7 …
Read More »At a crossroads: European automotive borrowers in the face of change and the effects of events in Ukraine | White & Case srl
Vehicle sales have rebounded strongly from the shutdowns, but European automakers face a period of significant change as governments phase out combustion engines, supply chain constraints bite and the impacts of events in Ukraine are felt Automotive leveraged finance issuance in Europe has proven robust over the past two years, …
Read More »Automotive sector grows despite inflation
CARACHI: Despite rising inflation, rising commodity prices and shrinking public purchasing power, foreign auto brands are entering the Pakistani market to capitalize on the available opportunities. Peugeot, a European automaker, on Saturday announced the launch of car manufacturing in Pakistan in partnership with Lucky Motor Corporation. “The first stage of …
Read More »PACE 2022 is happening next weekend – RM100k PA free funding and coverage from RHB Bank!
Only one more weekend before paultan.org Premium Auto Car Expo (PACE) returns to Setia City Congress Center (SCCC) to March 19 and 20, 2022. As if the avalanche of offers from our partners and exhibitors were not enough, you can now have your car financed at attractive rates with our …
Read More »How it works: Kia Retail Advantage Financing
Following in the footsteps of sister company Hyundai, Kia is launching a new lease-like financing option on all new electric and plug-in hybrid vehicles. It’s called Kia Retail Advantage, a balloon finance option with some great benefits to know about if you’re unsure whether to buy or lease. Here’s an …
Read More »SolarEdge Technologies Stock: A Solid Growth Story (NASDAQ: SEDG)
lupmotion/iStock via Getty Images SolarEdge Technologies (SEDG) is a great growth story. But the title is currently consolidating in a range of 150 points. Only buy this if you can handle strong price fluctuations. SolarEdge is present solar activity: SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops and sells …
Read More »Inadequate Demand and Insufficient Funding Hamper Automotive Policy | The Guardian Nigeria News
• Capacity of over 400,000 underutilized vehicles The chief executive of the National Automotive Design and Development Council (NADDC), Jelani Aliyu, said the Nigerian automotive sector accounts for an assembly capacity of 400,000 vehicles a year, but demand and financing challenges allow to maximize potential. Aliyu, who spoke virtually at …
Read More »Lordstown Motors exhibits at NTEA Work Truck Week March 9-11
LORDSTOWN, Ohio, March 2, 2022 /PRNewswire/ — Lordstown Motors Corporation. (Nasdaq: RIDE), (“Lordstown Motors” or “LMC”), a provider of electric light-duty trucks focused on the commercial fleet market, will be at booth #409 at March 9-11 Work Truck Week in Indianapolis. Lordstown Motors Corp logo. (PRNewsfoto/Lordstown Motors Corp.) the Ohio …
Read More »PIEDMONT LITHIUM INC. – 10 KT OF OPERATIONS.
The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our financial statements and related notes included elsewhere in our Transition Report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially …
Read More »BYD to showcase its line of battery electric coaches at UMA Motorcoach Expo
Los Angeles, California, February 26, 2022 –(PR.com)– BYD, the world’s largest electric vehicle manufacturer, will showcase a wide range of innovative battery-electric coaches at the 2022 United Motorcoach Association (UMA) Motorcoach Expo held through Feb. 26 at the Long Beach Convention Center. Coaches on display at the exhibition will include …
Read More »Finance your new electric vehicle with complete peace of mind with Drive
If you’re looking for a new electric car, chances are you need to research financing options. The process of researching your loan options and comparing lenders is usually long, confusing and stressful. Fortunately, there is a new service called Drive it’s here to help. Driveva is an online platform that …
Read More »2021 Almost Isle Economic Highlights
Almost Isle has concluded another exciting year of economic progress for 2021. The Almost Isle Department of Economic and Community Development would like to share a preview of the economic report which is meant to serve as a historical account of how the department will operate in 2021 and serve …
Read More »What role can Argentine industry have in electric mobility?
the transition to electric mobility has accelerated globally in recent years: sales of electric cars have exceeded from just 8,000 units in 2010 to almost 3 million in 2020. However, despite recent expansion, they still represent less than 5% of total sales. Unlike the growth that has occurred in developed …
Read More »Arrowhead’s Mercedes-Benz welcomes the Mercedes-Benz EQS to its inventory
The 2022 Mercedes-Benz EQS electric luxury sedan has arrived in Peoria, Arizona PEORIA, AZ (PRWEB) February 17, 2022 Arrowhead’s Mercedes-Benz recently welcomed the 2022 Mercedes-Benz EQS luxury electric sedan to its inventory. The dealership, which retails new and used vehicles, is located near Phoenix in Peoria, Arizona. There are …
Read More »InventChip completes its funding round with an investment from XPeng – Pandaily
Shanghai InventChip Technology Co., Ltd., a silicon carbide (SiC) semiconductor solutions provider, announced on Wednesday the completion of a strategic financing round with exclusive investment from XPeng Engines. The funds will primarily be used for market development, R&D, general operations and talent recruitment. In October last year, InventChip raised several …
Read More »Jones Lang LaSalle Incorporated: $64M in Secured Financing for Connecticut Multi-Dwelling Community
MIAMI, February 14, 2022 –JLL Capital Markets announced that it has arranged $64 million in acquisition financing for Summer House, a 227-unit high-rise apartment community located in downtown Stamford, Connecticut. JLL worked on behalf of the borrower, Beachwold Residential, to secure the 10-year, full-rate-only, fixed-rate loan through Freddie Mac Multifamily. …
Read More »A $32 million elementary school in New Atwater, Calif. breaks new ground
From left, Atwater Elementary School District Superintendent Dr. Sandra Schiber, Administrator Larry Whitney, Administrator Scott Lee, Assistant Superintendent of Business Services Aaron Delworth, Administrator Mary Ellen Arana and Administrator Jessica Reed attend the Juniper Elementary groundbreaking in Atwater, CA on February 11, 2022. Christopher Winterfeldt Merced Sun-Star picture The Atwater …
Read More »NatWest launches new subsidized loan to help SMEs go green – London Business News
NatWest today announced the launch of green loans and, through Lombard, green asset financing proposals for eligible SMEs, with no set-up fees, to help them achieve their sustainability ambitions. . Following the announcement of the bank’s ambition to provide £100bn of finance and climate and sustainable finance to its clients …
Read More »Pay per mile for California roads and infrastructure – Capitol Weekly | weekly capitol
Keeping the roads free of potholes has been a challenge in California for decades. But an unusual solution has emerged – a kilometer charge for motorists, called a road user charge, with the money going to build and maintain infrastructure, including roads and highways. Four years ago, the state authorized …
Read More »This van changes everything – The North State Journal
SONOMA, Calif. – The Ford Transit is one of those vehicles you see all the time but don’t really notice. Whether it’s a cable technician or locksmith, plumber, electrician, baker, flower delivery or Amazon, Transit is all over. They are almost all used for commercial purposes, making them prime candidates …
Read More »DEADLINE: Investors in Electric Last Mile Solutions, Inc. with Substantial Losses Have Opportunity to File Class Action
SAN DIEGO, February 5, 2022 /PRNewswire/ — The law firm of Robbins Geller Rudmann & Dowd LLP announces that the acquirers of Electric Last Mile Solutions, Inc. f/k/a Forum Merger III Corp. (NASDAQ: ELMS; ELMSW) traded securities between March 31, 2021 and February 1, 2022inclusively (the “Class Period”) have until …
Read More »Island Way Workshops | OPALCO wants you to be prepared
Submitted by Orcas Power and Light Cooperative. We are on the cusp of a major energy shift. Weather conditions are reaching both extremes due to climate change; legislative mandates to phase out fossil fuels require the development of new renewable resources; the race to electrify heating and transportation and the …
Read More »Rare flower to get protected area near ioneer nevada lithium mine
The Tiehm buckwheat plant is seen in this undated photo provided by the US Fish and Wildlife Service. Courtesy of USFWS/Sarah Kulpa/Handout via REUTERS Join now for FREE unlimited access to Reuters.com Register Feb 2 (Reuters) – The U.S. Fish and Wildlife Service will permanently mark off 910 acres (368 …
Read More »Decarbonisation strategies – how EU countries are investing their recovery budget
The European Commission has responded to the COVID-19 emergency with its Recovery and Resilience Facility (RRF). This instrument makes more than €723.8 billion available to EU member states – in grants and loans – to help their economies not just restart, but do so in a greener way. and more …
Read More »Tata Motors Ltd Tata Motors Lim – Consensus indicates 9.8% upside potential
Tata Motors Ltd Tata Motors Lim with ticker code (TTM) now have 2 analysts covering the stock. Analyst consensus points to a buy rating. The range between the target price high and the target price low is between 36.83 and 35 calculating the middle target price we see 35.91. Given …
Read More »Pre-orders are going mainstream, consumer interest in electric vehicles is doubling and buying digital cars is accelerating amid continued inventory shortages
Consumers are responding to culture shifts by seeking more control in the car buying process and doubling down on an electric future CHICAGO, January 28, 2022 /PRNewswire/ — The work-from-anywhere culture, inventory shortages and expanding technology in both the car buying process and the cars themselves — these are the …
Read More »Business News | Stock and Equity Market News | Financial News
Search mutual fund quotes, news, net asset values Zomato INE758T01015, ZOMATO, 543320 CDS INE467B01029, SDC, 532540 Wipro INE075A01022, WIPRO, 507685 ICICI Bank INE090A01021, ICICIBANK, 532174 Addiction INE002A01018, TRUST, 500325 Presenting partner Technology partner Search mutual fund quotes, news, net asset values Zomato INE758T01015, ZOMATO, 543320 CDS INE467B01029, SDC, 532540 Wipro …
Read More »Kohl’s Receives $9 Billion Offer Backed by Activist Investor
Department store Kohl’s has received an offer of about $9 billion to go private in a deal with an investment consortium backed by activist hedge fund Starboard Value, according to two people familiar with the matter. The offering highlights the renewed interest activist investors are showing in department stores, as …
Read More »Security Concerns Spark Multiple Supply Chain Initiatives | Skadden, Arps, Slate, Meagher & Flom LLP
Take away food As a national and economic security initiative, the Biden administration is developing policies to protect several critical supply chains. The Commerce Department should take new steps to regulate imports of information and communications technology and services from countries deemed adversarial. A wide ban on imports from China’s …
Read More »Nikola and Corcentric Ink reach agreement to boost financing for sales of zero-emission vehicles
(RTTNews) – Nikola Corp. (NKLA), a maker of battery electric heavy-duty vehicles, and Corcentric Fleet Funding Solutions, a provider of leasing and financing solutions, announced on Thursday that they have signed an agreement to facilitate sales of the battery electric vehicles or BEVs. Class 8 Nikola Tre and Nikola Tre …
Read More »Are you planning to buy an electric vehicle in 2022? We address your top 5 concerns | Macquarie: Birthplace of electric vehicles
Buying an electric vehicle (EV) has clear advantages: EVs are better for the environment and have lower lifetime running costs than internal combustion engine (ICE) cars, and offer some of the best safety ratings and embedded technologies on the market. But if you’re still feeling cautious, you’re not alone. We …
Read More »Ten predictions for 2022: Cox Automotive looks ahead to the year ahead | national news
ATLANTE, January 13, 2022 /PRNewswire/ — At the start of 2022, the Cox Automotive Industry Insights team presents 10 trends that will shape the automotive industry in the year ahead. Overall, the Cox Automotive team is optimistic for the industry. Sales of new vehicles are expected to reach 16.0 million, …
Read More »EMobility at CES 2022: BEVs are big this year
The Ottobot Autonomous Delivery Robot at Cincinnati / Northern Kentucky International Airport. There was a crowd of BEVs at CES. Just a few years ago, the parking lots around the Las Vegas Convention Center were filled with self-driving car demonstrations, but this year was the year of battery-electric vehicles (BEVs) …
Read More »The 8 things you need to do when buying a new car
The illusion of buying a car is something that can often confuse our common sense a little and end up making decisions that are not the most correct. And let’s face it, it’s an expense that can’t be taken at random. We must be fully aware that no matter how …
Read More »Wharton Industrial acquires 101 acres to develop industrial project
Closing an extraordinarily productive year, New York-based Wharton Industrial today announced the acquisition of a 101-acre parcel of land in Mesa, Arizona. The company plans to invest more than $ 200 million in the site to develop an 11-building, 1.5 million square foot Class A industrial park, which will be …
Read More »Want low stress stocks in 2022? Relax With These Renewable Energy Dividend Stocks
2021 has been a great year for the market, but when looking at stocks in the market today, it’s hard not to feel like values ââare stretched. Fortunately, there are still relatively stable companies with long-term cash flow and stable dividends available to patient investors. Three Motley Fool contributors have …
Read More »Stretch codes threaten energy choice
Every member of the National Association of Home Builders (NAHB) as well as NPGA. National Propane Gas Association (NPGA) have a common goal for a halt to the Electrify All movement which is expanding across the country. Builders, buyers, renovations builders and builders all want to safeguard and protect their …
Read More »Four C’s that will shape the year
The year 2021 has been an important year, as we have seen the trends and changes in behavior – which were initiated in 2020 – consolidate both at the organizational and individual level. It has been a year of resilience, innovation and trend setting for the decade to come, as …
Read More »Geely and Waymo cooperate to develop Robotaxi; QCraft partners with Dongfeng Motor to share a bus – China Money Network
Geely and Waymo cooperate to develop the robotaxi Zeekr, Geely’s premium electric vehicle brand, will cooperate with Waymo, Google’s self-driving car unit, to develop the robotaxi in the United States. The robotaxi is designed and developed by the Zeekr factory in Sweden, incorporating Waymo’s unmanned driving technology. Waymo already launched …
Read More »Quirk Automotive Partners with American Red Cross in Blood Drive Amid Nationwide Blood Shortage
Logan Russell is Deputy Service Manager at Quirk Chevy in Manchester. Courtesy photo MANCHESTER, NH – As the nation grapples with what the American Red Cross describes as “the worst blood shortage in more than a decade,” Quirk Car Dealers is partnering with the non-profit organization to organize their first …
Read More »Actor of the news 2021: N Chandrasekaran
The Tata group literally pulls on all cylinders. President N Chandra’s âOne Tata Strategyâ has played a crucial role in creating synergies within the group. Earlier this year, Tata Motors became the toast of the city with the infusion of billion dollars (Rs 7,500 crore) by TPG Rise Climate. A …
Read More »New Clean Energy Office Targets Rural Areas: Watch Out, Joe Manchin
The US Department of Energy has apparently had enough of West Virginia Senator Joe Manchin and his love affair with fossil fuels. The agency has just established a new $ 20 billion office for clean energy demonstrations, aimed at scaling up big solutions to climate problems with a focus on …
Read More »General Motors Company – Consensus Says Potential Rise of 35.3%
General Motors Company with ticker code (GM) now have 23 analysts covering the stock. Analyst consensus indicates a “Buy” rating. The range between the high target price and the low target price is between 99 and 27 and has an average target of 73.1. Now, with the previous closing price …
Read More »Auto financing slows down
KARACHI: Auto finance in Pakistan is growing slowly due to skyrocketing car prices, shrinking consumer purchasing power and discouragement of auto finance policies put in place to alleviate the trade deficit. As auto financing increased in November 2021, according to data from the State Bank of Pakistan, the overall credit …
Read More »Trudeau’s tenure for natural resources minister fails to mention pipelines
Canada is the world’s fourth largest producer of oil and natural gas. (Photo by Alex Wong / Getty Images) Prime Minister Justin Trudeau’s mandate letter to Natural Resources Minister Jonathan Wilkinson is laden with directives to move the Canadian economy to net zero emissions. Absent are direct references to the …
Read More »Hyundai maintains IONIQ 5 EV tax credit on leases
Hyundai has decided to reserve a $ 7,500 federal tax credit on the 2022 IONIQ 5 when consumers choose to lease rather than buy. Although the purchase of the new electric vehicle already offers a financing incentive and connection discounts, our analysis reveals that the IONIQ 5 presents a significant …
Read More »The electric bus unites all stakeholders, Energy News, ET EnergyWorld
New Delhi: Last month, the government of Maharashtra announced that half of Mumbai’s bus fleet will be electric by 2023. In this regard, city authorities have issued tenders to purchase 1,900 electric buses . Raising the bar even higher in India’s efforts to switch to electric vehicles, the city aims …
Read More »Biden orders US to stop funding overseas carbon-intensive fuel projects, Auto News, ET Auto
WASHINGTON: The Biden administration has ordered U.S. government agencies to immediately stop funding carbon-intensive fossil fuel projects overseas and prioritize international collaborations to deploy clean energy technology, diplomatic cables say Americans. The cables, seen by Reuters, indicate that the U.S. government’s commitments should reflect targets set in an executive order …
Read More »Government cuts tenure of NHPC personnel director, NK Jain, Energy News, ET EnergyWorld by 2 months
New Delhi: NHPC’s (staff) director Nikhil Kumar Jain was relieved of his post two months before the end of his tenure in the performance field, sources said on Tuesday. On December 2, 2021, the Department of Energy informed NHPC of its decision to reduce Jain’s tenure. As directed by the …
Read More »SBI, Tata Power, Jet Airways, Vedanta
Here is the list of the top 10 actions likely to be in the spotlight on Friday: Maruti Suzuki India: India’s leading automaker, Maruti Suzuki, said on Thursday that the company will raise prices in January 2022 due to increases in various input costs. The company said the price hike …
Read More »India’s Largest Auto Dealer Popular Plans $ 100 Million List, Auto News, ET Auto
These funds were used to acquire small cash-strapped dealers in India and to expand the repair and service business of Popular, Naveen Philip, a shareholder and founding family member of Popular. Popular Vehicles & Services, India’s largest car dealership, is forecasting a $ 100 million listing next year, a source …
Read More »USA Solar Networks targets poultry farms with solar deal
By Chris Crowell November 29, 2021 View profileSolar grids in the United States launched a new sales program targeting American poultry farmers to switch to solar power solutions for their energy-intensive operations. The announcement of USA Solar Networks, a subsidiary of Solar Integrated Roofing Corp. (SIRC), comes after a successful …
Read More »StanChart Hosts Nation’s First Green Bond
Standard Chartered Bangladesh organized the very first green bond in Bangladesh by raising Tk 150 crore for Pran Agro Ltd, a company of the Pran-RFL group. The proceeds from the bond will be used to fund the conglomerate’s green and energy-efficient initiatives, the bank said in a press release yesterday. …
Read More »Bike-Sharing Giant Hello Inc. subsidiary cooperates with EV Link to promote green energy platform
On Friday, Xiaoha Power Exchange, a brand owned by Chinese bike-sharing giant Hello Inc., and Southern Power Grid Electric Vehicle Service Co., Ltd. (EV Link) announced that they have recently signed a formal cooperation agreement. According to the agreement, the two companies will cooperate in the field of electric two-wheeler …
Read More »Canada Infrastructure Bank to Fund 4,000 Electric School Buses in Quebec
The $ 400 million loan to provincial bus operators is the latest investment in the Canada Infrastructure Bank’s $ 1.5 billion zero emission bus initiative to help with transportation transition common to diesel in Canada. The Canada Infrastructure Bank (CIB) and the Quebec Federation of Bus Transporters have announced an …
Read More »Union Minister Mahendra Pandey, Energy News, ET EnergyWorld
New Delhi: The government has chosen nine highways where 6,000 charging stations have been authorized and around 3,000 will soon be installed, said Union Heavy Industries Minister Dr Mahendra Nath Pandey. Referring to the challenges of adopting electric vehicles, including the time it takes to charge the vehicles, he said …
Read More »Tevva granted $ 57 million for the development of electric trucks
British electric truck maker Tevva has just raised US $ 57 million through an oversubscribed private placement from new and existing investors. The company says it will use the funding to outfit its new London-based production plant and quickly expand manufacturing. Last month, Tevva Motors secured a £ 4.2million (just …
Read More »California start-up that created world’s smartest tractor gets $ 61 million boost
The Monarch Tractor, a company based in Livermore, Calif., Caught everyone’s attention when it presented the most futuristic vehicle ever imagined in the agricultural industry. At the end of 2020, this electric and autonomous tractor was ready to make farming more efficient. Almost a year later, a considerable financial boost …
Read More »Rising demand for renewable energies pushes Empower Energies to promote four leaders
BETHESDA, MD., November 16, 2021 / PRNewswire / – Empower Energies today announced the promotion of four executives as part of a larger investment to support the company’s rapid business growth and continued expansion into the renewable energy market. Renewable energy is now the fastest growing energy source in the …
Read More »The best ways to finance a car in Australia
What’s the best way to finance a car purchase in Australia? Canstar Odds Manager Joshua Sale shares some options to consider before getting behind the wheel. Whether you are looking to buy a cheap and reliable used car, need a work vehicle, want to upgrade to a hybrid or electric …
Read More »Amazon and other big winners from Rivian’s supercharged IPO – crunchbase news
In an already record year for public offers, the electric vehicle manufacturer Rivien ‘The initial public offering is expected to be the largest IPO of 2021. Subscribe to Daily Crunchbase While Rivian is more or less a pre-income company, the size of its IPO shows that investors are betting big …
Read More »Tata Motors Partners with Equitas SFB for Financial Solutions for SCV, Auto News, ET Auto
Tata Motors, India’s largest commercial vehicle manufacturer, on Monday signed a five-year memorandum of understanding with Equitas SFB, one of the country’s largest small financial banks, to provide financial solutions to its customers. New Delhi: Tata Motors, India’s largest commercial vehicle manufacturer, on Monday signed a five-year memorandum of understanding …
Read More »Electric Vehicle Tax Credits on the Dawn of Change: Price Cap Rises for Qualifying Trucks and SUVs
Ford As the U.S. House of Representatives draws closer to passing President Biden’s Build Back Better bill, Democrats made some last-minute changes to the electric vehicle tax credit this week. The $ 5,000 credit increase remains, but now more expensive trucks, vans and SUVs will qualify, if the bill passes …
Read More »What do they mean and what is their scope?
BBVA, in collaboration with the Katowice banks and the 2dii think tank, set up the PACTA (Paris Agreement Capital Transition Assessment) to measure the alignment of its loan portfolio with the Paris objectives, covering the coal, power generation, automotive, steel and cement sectors. In addition, it will continue to work …
Read More »Management’s Discussion and Analysis Ally Financial Inc. • Form 10-Q
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Cautionary Notice about Forward-Looking Statements and Other Terms From time to time we have made, and in the future will make, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements …
Read More »5 Ways to Invest in Clean Tech That Win for Customers
What would you like to know Global energy-related emissions are estimated to fall 30% from 2019 levels by 2030. Advisors can tap into decarbonization investments for solid returns and positive social and environmental impact. Private capital funds innovations that seek to improve the reliability of renewable energy, such as smart …
Read More »European battery strategy for electric vehicles threatened by gaps in supply chain, according to Eramet
Europe is still not investing enough in the electric vehicle battery supply chain and this could leave its planned giga-factories running out of coveted minerals, French mining group Eramet said. Eramet is struggling to attract investment from its region of origin to transform its nickel, lithium and cobalt reserves abroad …
Read More »What is the best state to own an electric car
Car manufacturers have embarked on the electric vehicle market as nations around the world aim to cut emissions and tackle climate change. In the United States, President Joe Biden called on manufacturers to stop making gasoline cars and trucks by 2030. But America’s development of the financial and physical infrastructure …
Read More »Lear acquires Interior Comfort Systems division of Kongsberg Automotive
SOUTHFIELD, Michigan., 28 October 2021 / PRNewswire / – Lear Corporation (NYSE: LEA), a global automotive technology leader in seating and electronic systems, today announced that it has entered into a definitive agreement to acquire substantially all of the unit Kongsberg Automotive Interior Comfort Systems (ICS) sales office. . Kongsberg …
Read More »Tesla-Hertz deal is great news for Carvana Stock
Text size The car rental industry is responsible for buying and selling millions of used vehicles each year. Cole Burston / Getty Images The passage through Hertz Global expand its global rental fleet with 100,000 electric vehicles from You’re here is great news for Carvana , who will work with …
Read More »Future projections of critical fossil fuels for the long-term oil tanker market
TAnker owners seek information on the degree and pace of the global economy’s transition to cleaner fuels, in order to make informed strategic decisions. As such, the forthcoming United Nations climate summit is of considerable importance. In its latest weekly report, shipping broker Gibsons said that âthe International Energy Agency …
Read More »Funding and acquisitions in Indian startups this week (18 Oct-23 Oct)
This week, 31 Indian startups raised funds, of which 29 received a total of $ 790 million. PharmEasy raised the highest funding of around $ 350 million, followed by CRED which raised $ 251 million. Meanwhile, funding for two of the total funded startups has not been disclosed. Below is …
Read More »SA gets closer to obtaining funding for a just transition – Creecy
Minister of Environment, Forests and Fisheries, Barbara Creecy. Sharon Seretlo / Gallo Images South Africa and three other countries will participate in the Climate Investment Fund’s Coal Transition Acceleration Program. The country will have to develop an investment plan, whereby it should obtain financing from an allocation set aside by …
Read More »Global Automotive Blockchain Market Snapshot To 2026 – Advances In Autonomous Vehicles Present Opportunities
Dublin, October 21, 2021 (GLOBE NEWSWIRE) – The “Global Automotive Blockchain Market (2021-2026) by Type, Application, Supplier, Vehicle Type, Propulsion, Geography, Competitive Analysis and Impact of COVID-19 with Ansoff Analysis” report was added to ResearchAndMarkets.com offer. The global automotive blockchain market is estimated to be worth US $ 0.41 billion …
Read More »Ukiah residents can cut carbon emissions at home – The Ukiah Daily Journal
Eileen Mitro is at the forefront of efforts by citizens of Mendocino County to fight climate change. She drives an electric car, installed a solar system and a car charger years ago, and runs her home in northeast Ukiah with 100% EverGreen electricity from solar and geothermal renewables. local through …
Read More »NEVS looking for new owners, company owns Saab assets
It’s been a few years since the Saab brand hit the headlines, although real estate issues in China tend to spread around the world and shake things up. One of these things is Saab, the now defunct Swedish car brand whose assets have been transferred to various wide-eyed corporations and …
Read More »Climate finance is an area of concern, says Finance Minister Sitharaman, Energy News, ET EnergyWorld
Minister of Finance Nirmala Sitharaman Washington: Finance Minister Nirmala Sitharaman said climate finance continued to be a concern as she pointed out India’s concerns about the finance mechanism and technology transfer. His remarks preceded the upcoming COP26 summit to be held in Glasgow, UK. Leaders from nearly 200 countries, including …
Read More »Dussehra registrations for cars 3% more than pre-Covid days, Auto News, ET Auto
In Dussehra, most car and bicycle registrations were in the island city (765 cars and 1,522 bikes), while the fewest car registrations were in Wadala (604) and the fewest bicycles in Borivli RTO (995), according to statistics from the state Department of Transportation. Bombay: Up to 2,818 cars and 5,034 …
Read More »mPhase Announces Company’s First Profitable Fiscal Year
Gaithersburg, MD, October 13, 2021 (GLOBE NEWSWIRE) – mPhase Technologies, Inc. (OTC Pink: XDSL) (âmPhaseâ or the âCompanyâ), a technology company developing the enhanced mPower 5G electric vehicle (EV) charging network and consumer engagement platform , today announced financial results for its two fourth quarter of fiscal 2021 and fiscal …
Read More »Quantron launches 12-meter electric bus at a price comparable to diesels
German e-mobility specialist Quantron has announced that it will launch its own vehicle, a 12-meter low-floor bus available in battery-electric and hydrogen fuel cell variants, which will be priced on par. conventional diesel buses. Coming from the high-tech Haller NFZ Group, founded in 1882, Quantron is a leading supplier of …
Read More »Electric vehicle sales: Electric vehicle sales more than tripled in the first half of FY22
The thousand-kilometer journey begins with a small step. This Chinese proverb, probably dating as far back as the 6th century BC, accurately captures the genesis of momentous change – in any field. This year India’s electric vehicle industry appears to have taken this crucial step. Of course, the industry base …
Read More »European fleet orders 100 Volvo electric trucks – Fuel Smarts
With a single fleet order of 100 FM Electric trucks in Europe and several recent orders in the United States for VNR Electric, Volvo says the adoption of electric trucks is increasing. Photo: Volvo Volvo Trucks reports progress in the adoption of electric trucks in Europe and North America, including …
Read More »Ola launches the Ola Cars platform for the purchase, sale and financing of vehicles. Details here
Ola announced Ola Cars, a new vehicle trading platform that will provide assistance to car buyers when purchasing a new vehicle. Ola Cars will allow consumers to purchase new and used vehicles through the Ola app. It will offer services ranging from the purchase, financing and insurance of the vehicle, …
Read More »General Motors aims to double sales by 2030 with electric vehicles
General Motors plans to double revenues to $ 280 billion by 2030 while increasing profit margins as the company moves away from manufacturing gasoline cars to electric vehicles. America’s largest automaker said it would achieve sales growth by building electric vehicles using common parts and its Ultium battery to produce …
Read More »Elon Musk’s idea of the San Antonio tunnel is gaining ground; the transport agency is looking for proposals
When it surfaced two months ago, the idea of ââTeslas spinning through the underground tunnels between San Antonio International Airport and downtown seemed fanciful. Now, there is a sign that the idea may have gained traction. The Boring Co., a tunneling company backed by billionaire Elon Musk, spoke with local …
Read More »UPDATE 1-Ford partner JV SK sees US battery shortage persist through 2025
(Add a financing plan in the last paragraph) SAN FRANCISCO, Oct.4 (Reuters) – Ford Motor Co’s battery joint venture partner, Korea-based SK Innovation, expects the U.S. auto industry to face a shortage of batteries through 2025 in due to the long delays in the construction of production facilities, senior SK …
Read More »Volvo Cars completes Stockholm IPO plans
Volvo Cars, the Swedish automaker owned by Zhejiang Geely Holding Group Co. of China, is completing plans for an initial public offering and is expected to announce listing details as early as Monday, in a deal that could boost the automaker’s value. automobile to up to $ 25 billion, according …
Read More »Supreme Court, Auto News, ET Auto
An insurance claim can be denied if a vehicle does not have a valid registration, the Supreme Court said Thursday while dismissing a claim for theft of a car that had a temporary registration. A bench led by Judge UU Lalit said the insurance amount claim would be dismissed if …
Read More »Ola Electric raises $ 200 million in funding round, valued at $ 3 billion
Life funding will help Ola develop her electric motorcycle, her consumer scooter and her electric car Ola co-founder Bhavish Aggarwal believes the funding would also boost Ola’s âElectric Missionâ and encourage buyers to switch completely to electric two-wheelers after 2025. Indian electric vehicle maker Ola Electric said it raised more …
Read More »Solar Integrated Roofing Corp. engages Dutchess strategic advisors to help with business development strategy and go-to-sale
EL CAJON, CA / ACCESSWIRE / October 1, 2021 / Solar Integrated Roofing Corp. (the âCompanyâ) (OTC PINK: SIRC), a single-source integrated solar energy installation and roofing systems company, today announced that it has engaged Dutchess Strategic Advisors (âDutchess ») To help the Company with its development and business strategies, …
Read More »Lordstown Motors provides production and finance update
LORDSTOWN, Ohio, September 30, 2021 (GLOBE NEWSWIRE) – Lordstown Motors Corp. (Nasdaq: RIDE), (âLordstown Motorsâ or the âCompanyâ), a supplier of electric light trucks focused on the commercial fleet market, today announced that the Company and Hon Hai Technology Group (âFoxconnâ) (TWSE: 2317) have reached an agreement in principle to …
Read More »South Africa tells Western envoys it needs funds to switch from coal
Steam rises at sunrise from Lethabo Power Station, a coal-fired power plant owned by state-owned electricity company ESKOM near Sasolburg, South Africa, March 2, 2016. REUTERS / Siphiwe Sibeko / File Photo JOHANNESBURG, Sept.29 (Reuters) – South Africa told visiting U.S., British, German and French climate emissaries that it needed …
Read More »Michigan to test electric vehicle charging route – GCN
Michigan to test electric vehicle charging route By Shourjya Mookerjee Sep 29, 2021 Michigan has become the latest state to explore powering electric vehicles with an induction charging pavement, a technology that transmits energy from coils embedded in the road to vehicles as they travel on it. A pilot project …
Read More »Road test: the 2022 Rivian R1T electric pickup is a game-changing truck
Test drive: 2022 Rivian R1T The 2022 Rivian R1T is the first all-electric pickup and is packed with tons of smart technology and features. Fox News Autos editor-in-chief Gary Gastelu traveled to Breckenridge, Colo. To test it on and off-road. Pop Car Quiz: What Do Ford, General Motors, Ram and …
Read More »Ford creates 10,800 jobs to manufacture electric cars, batteries | Works
Glendale, Ky. (AP) âFord and partners say they plan to build three large battery and electric car assembly plants by 2025. Shift the future manufacturing footprint of automakers south. The plant, which will be built at the Kentucky and Tennessee sites, will manufacture batteries for the next generation of Ford …
Read More »Getting a car under $ 10,000 with bad credit
When you have bad credit, getting an affordable vehicle is often essential to getting a car. These days, the availability of these vehicles is declining – cars under $ 10,000 have been the hardest to find since July. The supply of used vehicles is up 7% since 2020, but still …
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