Topic: Funding

Image: Volkswagen AG

VW Plans Europe’s Biggest Battery Push in Electric Offensive

March 15, 2021Volkswagen AG is stepping up its game to become the world’s biggest electric car maker with a plan to build six battery factories in Europe and global investments in charging stations.

via Transport Topics

Image: Proterra

Fleet solution provider Highland Electric Transportation raises $253 million in new funding

March 15, 2021Highland Electric Transportation, a provider of turnkey fleet solutions to school districts and fleet managers, has raised $253 million in a financing round led by Vision Ridge Partners.

via Charged EVs

Image: Plus

Are SPACs redirecting blank check love to self-driving truck startups?

March 11, 2021As the special purpose acquisition companies’ (SPACs) love affair with electric vehicle startups cools, infatuation backed by blank check-writing investors may blossom for self-driving truck startups.

via Freightwaves

Image: Okosh

A Federal Bill Would Give USPS $6 Billion For A Larger EV Fleet

March 10, 2021According to Reuters, 17 House Democrats are introducing legislation that would give USPS $6 billion to purchase between 50,000 and 165,000 vehicles over the next 10 years

via Inside EVs

SoCalGas Funding Clean Fleet Transition through Carl Moyer Program

March 10, 2021Southern California Gas Co. has opened its annual initiative to assist fleet owners operating within the South Coast Air Quality Management District (SCAQMD) apply for incentive funding to replace diesel trucks with new near-zero emissions natural gas trucks through the Carl Moyer Program.

via NGT News

Image: NGT News

Canada Sets Sights on Electrifying Public Transit System

March 9, 2021Infrastructure and Communities Minister Catherine McKenna and the Minister of Innovation, Science and Industry Francois-Philippe Champagne say the Canadian government is providing $2.75 billion in funding over five years.

via NGT News

Image: ELMS

List Of EV Companies, Battery Makers, And Tech Providers Going Public This Year

March 8, 2021As governments and corporations are pushing to meet electric vehicle mandates, the EV industry is booming with new manufacturers, services, and companies hoping to capture a slice of the market. Most of the investments so far are being generated via SPAC deals, spurring a slew of startups, according to a Yahoo Finance report.

via Fleet Forward

Image: AMPLY Power

Anaheim Transportation Network Lands $5M Clean Energy Grant

February 26, 2021The Anaheim Transportation Network was awarded a $5 million grant to advance its effort to become California’s first all-electric transit operator. The grant, awarded by the California Energy Commission, will be used to acquire charging stations, batteries, and the other solar infrastructure required to support ATN’s MicroGrid and zero-emission vehicle fleet.

via Metro Magazine

Image: NGT News

Maryland’s Clean Fuels Incentive Program Funds Five Alternative Fuel Projects

February 26, 2021Maryland’s Clean Fuels Incentive Program (CFIP) has awarded $1.3 million to five organizations to expand the state’s alternative fueling infrastructure.

via NGT News

Image: Kenworth

Kenworth T680E Eligible for CARB Incentives

February 25, 2021Qualifying California purchasers of the new Kenworth T680E battery-electric vehicle are eligible for a $120,000 incentive voucher from the California Air Resources Board, Kenworth Truck Co. announced.

via Transport Topics

Image: Transportation Today News / Shutterstock

Pennsylvania targets statewide electric vehicle use

February 24, 2021Pennsylvania state officials said $936,000 in grant funding through the Commonwealth’s national settlement share with Volkswagen Group of America would be used to help expand statewide electric vehicle use.

via Transportation Today News

Image: Transport Topics

Xos to Go Public and Expand Battery-Electric Vehicle Production

February 22, 2021Xos Inc., a 5-year-old truck maker focused on delivering battery-electric commercial vehicles in Classes 5-8, announced a definitive agreement to go public through a business combination with NextGen Acquisition Corp., a publicly traded special purpose acquisition company based in Boca Raton, Fla.

via Transport Topics

Image: NGT News

Virginia Votes to Establish LEV, ZEV Clean Car Standards Programs

February 22, 2021The Virginia senate has voted to establish advanced clean car standards. The bill, HB 1965, creates a low-emission vehicle (LEV) and zero-emissions vehicle (ZEV) program. The LEV rule will strengthen regulations on tailpipe emissions for newly sold vehicles in an effort to reduce air pollution.

via NGT News

Image: NGT News

Baker-Polito Expands MOR-EV Rebate Program to Include Electric Trucks

February 17, 2021Continuing efforts to reduce air pollution and increase access to clean transportation options across Massachusetts, the Baker-Polito administration has expanded the state’s EV rebate program, Massachusetts Offers Rebates for Electric Vehicles to include light-, medium- and heavy-duty EVs.

via NGT News

Image: Transportation Today News / Shutterstock

USDOT announces $180M in funding for low or no emission transit vehicles, facilities

February 16, 2021The U.S. Department of Transportation’s Federal Transit Administration (FTA) announced it will provide $180 million in grant funding for low- or no-emission vehicles and facilities via a Notice of Funding Opportunity (NOFO).

via Transportation Today News

Image: Charged EVs

Proposed legislation would restore federal EV tax credit to GM and Tesla

February 15, 2021Democrats in the House of Representatives have reintroduced the GREEN Act (Growing Renewable Energy and Efficiency Now), which among many other tax code revisions would once again allow Tesla and GM customers to claim federal EV tax credits.

via Charged EVs