A new $3 million program will help Michigan businesses switch their fleets to electric vehicles. The “PowerMIFleet” program from Consumers Energy will offer rebates of up to $50,000 each to companies that install EV charging stations. Brian Wheeler, Consumers Energy’s media-relations manager, said any size operation can take part. “It could be just a business […]
Only Volkswagen, Volvo Doing Enough to Electrify in Europe: Study
Sales of battery electric vehicles and plug-in hybrids almost tripled last year, boosted by tighter emission standards and government subsidies. Among the major carmakers, Volkswagen and Volvo are doing enough to electrify their vehicle line-ups in Europe and the EU needs to set tougher CO2 emission limits if it wants to meet Green Deal targets, […]
GM and Wabtec Agree to Make Electric and Hydrogen-Powered Trains
General Motors Co. and Wabtec Corp. have signed a nonbinding agreement to build locomotive engines using the automaker’s Ultium electric battery and its Hydrotec hydrogen fuel-cell system, the companies said Tuesday. The two companies will jointly develop the clean-powered locomotives for heavy-haul trains, they said in a statement. They didn’t say when the technology would […]
Ford-Backed Battery Maker Solid Power to Go Public Via $1.2 Billion SPAC Deal
The company, which produces rechargeable batteries for automobiles as well as mobile power markets, will have $600 million in cash after completing the merger with Decarbonization Plus Acquisition Corp III. Solid Power Inc, an electric-vehicle battery maker backed by Ford Motor Co and BMW, said on Tuesday it would go public by merging with a […]
Exclusive: German Battery Group BMZ Plans September IPO, Sources Say
BMZ is working with Citi, JP Morgan and Berenberg on the initial public offering (IPO), which will sell shares worth about 500 million euros, the sources said. FRANKFURT: German battery group BMZ is preparing for a Frankfurt stock market listing as early as September with a targeted valuation of about 2 billion euros ($2.4 billion), […]
Concessional Tariff of 5 Per Unit For Battery Charging Stations to Continue in Karnataka
This energy charge is applicable to both HT and LT categories To encourage use of clean energy, the Karnataka Electricity Regulatory Commission (KERC) has continued the existing concessional tariff of ₹5 per unit for FY22 for electric vehicle charging stations. The concessional tariff was introduced in tariff order in 2018, now in view of issue […]
Five Things to Know Before Considering an Electric Vehicle For Family
Battery type and capacity is a key factor any EV buyer should check before deciding on a particular vehicle. Brand and model should be given a priority as there are a host of new EV brands but reliability remains an issue. Electric mobility is one of the four megatrends that are shaping the global mobility […]
New Aluminum-Ion Battery that Charges 60 Times Faster than Lithium Batteries to Drastically Increase Driving Range for Electric Vehicles
Electric vehicles have been in hot demand for nearly a decade, though consumers are still concerned about the existing battery technology in terms of the driving range and charging speed. Australia-based Graphene Manufacturing Group (GMG) has managed to develop a new graphene-conductive aluminum battery, and claims that the new battery is able to charge 60 […]
Solarwatt and BMW cooperate on home batteries
The German battery market is currently led by Solarwatt rival Sonnen, part of Shell. FRANKFURT: Solarwatt and BMW cooperate on home batteries Solarwatt will start selling storage batteries from this autumn in cooperation with carmaker BMW amid an ongoing convergence of renewable power and electric mobility, the German photovolatic firm announced on Wednesday. Under the […]
Volkswagen invests $620 million in Northvolt to secure battery supply
The investment, part of a $2.75 billion funding round launched by the maker of lithium-ion batteries, will keep Volkswagen’s stake stable at around 20% and follows an initial 900 million euro investment in 2019. Volkswagen said on Wednesday it was investing a further $620 million in Swedish battery maker Northvolt, in a bid to secure […]