Tag: funding

Sep 2, 2021 - 04:41 pm

South Korea earmarks $10Bn for e-mobility

South Korea has passed a bill aiming for carbon-neutrality by 2050 as well as a large zero-emission transport budget for 2022. The National Assembly accelerated the targets for carbon reduction with the bill while the state aims to spent twelve trillion won ($10.3Bn) in 2022 on e-mobility.

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Aug 24, 2021 - 04:46 pm

Russia set to subsidise EV and battery manufacturing

The Russian government is to offer subsidies to manufacturers of electric vehicles and batteries to co-finance the costs associated with the construction of plants and to special investment contracts. Electric cars are also to be allowed to drive free of charge on toll roads from next year on a trial basis.

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Aug 5, 2021 - 05:58 pm

Canadian government funds charging infrastructure

This week, the Canadian government announced a total investment of over $32 million (CAD) to install 853 electric vehicle charging points across the country. The initiative should also raise public awareness about zero-emission vehicles and advance green transportation initiatives.

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Aug 4, 2021 - 03:55 pm

Australian state of Tasmania boosts charging

In Australia, the Tasmanian Government has launched a second Electric Vehicle ChargeSmart Grants program, providing $600,000 (AUS) for fast and destination charging stations for electric cars in regional Tasmania and at key tourism destinations.

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Mar 31, 2021 - 03:54 pm

Electric buses coming to Aberdeen, Perth and Kilmarnock

Following the launch of Scotland’s e-bus funding SUBLEBS, Stagecoach has released further information in its current order. They ordered 46 electric buses from BYD ADL for use in three Scottish cities. The 24 electric single-deck and 22 double-deck buses will be deployed in Aberdeen, Perth and Kilmarnock.

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Feb 17, 2021 - 09:10 pm

New Jersey prioritises decarbonisation projects

In the USA, New Jersey Governor Phil Murphy has just announced an investment of more than $100 million in clean transportation projects that range from the decarbonisation of cargo port handling to charging structure, ride-hailing and electrifying garbage and delivery trucks.

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Jan 11, 2021 - 04:58 pm

California to boost zero-emission economy

California’s Governor Newsom has proposed a 4.5-billion-dollar budget for economic stimulus in 2021. This includes $1.5Bn earmarked to help people and businesses purchase electric or hydrogen vehicles and equipment as well as funds for relevant charging and refilling infrastructure.

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Dec 17, 2020 - 03:57 pm

ZeroAvia granted millions

ZeroAvia, a company specialising in electric aircraft propulsion systems, has raised the equivalent of 17.5 million euros in a Series A financing round and, in parallel, received a commitment for a million-euro grant from the British government.

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Dec 16, 2020 - 05:59 pm

UK: Advanced Propulsion Centre puts out funding call

In the UK, the Advanced Propulsion Centre (APC), has put out a call for a new round of applications for projects that aim to scale-up the industrialisation of low-carbon emission vehicle technologies and their relevant upstream supply chains.

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Dec 14, 2020 - 05:12 pm

Hydrogen fuel cell aircraft takes off in Stuttgart

The latest generation of the world’s first four-seater hydrogen fuel cell aircraft, the Hy4, has now been unveiled at Stuttgart Airport. The latest generation of the Hy4’s propulsion system recently received test flight permission, which means that the model can now take off at Stuttgart Airport.

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Nov 26, 2020 - 09:41 pm

£3.5m for 150 new charge points in Cornwall

England’s southwestern tip, Cornwall, will see the installation of 150 charge points. It is like a last goodbye from Europe as the Council secured £2.9m through the European Regional Development Fund (ERDF) and the Council is committing the remaining £725,000.

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Nov 18, 2020 - 03:15 pm

CA utilities and CARB offer extra premiums for EVs

To increase the uptake of zero- and low-emission vehicles on Californian roads, California electric utilities are teaming up with the California Air Resources Board (CARB) to offer up to $1,500 for purchase or lease of electric vehicles. The offer began on the 17 November.

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Jul 30, 2020 - 06:35 pm

BMW is awarded millions in battery research funding

BMW has received a grant of 60 million euros from the German federal government and the state of Bavaria for battery research. BMW apparently plans to use the money to establish its own pilot battery cell production in Parsdorf near Munich.

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Feb 27, 2020 - 05:54 pm

Enel X secures funding through AMBRA-E

Enel X has secured funding for the AMBRA-Electrify Europe project (AMBRA-E for short) that it coordinates. This project involves investments of 70.75 million euros and includes the construction of more than 3,000 charging stations in Italy, Spain and Romania by 2022.

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Feb 19, 2020 - 07:59 am

EV companies raised $17Bn in 2019

Dutch consultancy EVBoosters has released its latest funding report for 2019, with some of the trending developments reported here. Expect number-crunching covering Q4 in e-mobility funding and investment insights.

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Nov 5, 2019 - 02:49 pm

Germany to increase electric car sales with subsidies

At the “car summit” held at the Chancellery in Berlin, the German federal government and industry representatives have agreed on measures to boost electric cars sales. Purchase premiums and the number of charging stations will increase, while some questions remain unanswered.

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Nov 4, 2019 - 01:31 pm

Magna working on next gen electric motor

In the USA, Magna is now working with the Illinois Institute of Technology and the University of Wisconsin-Madison to develop an electric motor with a significantly higher power density and lower costs. The project is funded by the U.S. Department of Energy.

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Oct 13, 2019 - 02:58 pm

Electric truck start-up Einride to expand to USA

The self-driving electric truck startup Einride has raised $25M in a Series A financing round and says it is to help the expansion into the US. The Sweden-based business already partners with DB Schenker for the so-called pods.

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Oct 10, 2019 - 02:19 pm

Germany ready to sign 2030 climate package into law

The German government has now approved the country’s 2030 climate plan, first outlaid during the global climate strike initiated by the Fridays for Future movement. Activists call the package weak, yet it carries over measures for e-mobility at least.

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Jul 30, 2019 - 01:38 pm

BMW loses appeal for more government funding

BMW is to receive fewer German government subsidies for the construction of the i3 and i8 at its Leipzig plant than it had applied for. The federal German government originally considered paying BMW 45 million euros, but the EU Commission only approved 17 million.

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Jul 22, 2019 - 03:35 pm

Seoul to increase electric city bus fleet

The number of battery-powered city buses on the streets of the South Korean capital Seoul is expected to rise to 143 this year. Private bus companies are being promoted by the city government to ensure that the switch to electric buses is successful.

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Jul 14, 2019 - 11:49 pm

Canada awards millions to charging network at pit stops

The Government of Canada is awarding $4.6-million to Suncor’s Petro-Canada subsidiary for building 92 electric vehicle fast-chargers. Suncor that specialises in synthetic crude from oil sands thus becomes part of Canada’s effort to install a coast-to-coast charging network.

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Jun 19, 2019 - 12:48 pm

Germany: 3 battery consortia will be funded

To stimulate domestic battery cell production, the German Federal Ministry of Economics will most likely fund three consortia a total of 1 billion euros ($1.12 billion USD). Of these, only the project of Peugeot, Opel and the battery manufacturer Saft has been confirmed by name.

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May 31, 2019 - 04:52 pm

Barcelona is acquiring new electric and hybrid buses

The Catalan metropolis wants to reduce the emissions of its public transport system. To this end, Transports Metropolitans de Barcelona aims to purchase 254 environmentally friendly buses. The project is financed with a loan from the European Investment Bank.

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Found on electrive.com
https://www.electrive.com/2021/09/02/south-korea-earmarks-10bn-for-e-mobility-in-state-budget/
02.09.2021 16:13