Tesla Motors announced yesterday, May 22, that it has paid off the entire loan awarded to the company by the Department of Energy in 2010. In addition to payments made in 2012 and Q1 2013, Tesla said May 22′s wire of almost half a billion dollars ($451.8M) repays the full loan facility with interest. According
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China has been pushing the production and adoption of electric vehicles and is set to continue doing so. By 2012, 25 pilot cities had promoted 27,432 new energy vehicles totally within two years after the subsidy policy was implemented, including 23,032 ones used in public services and 4,400 ones bought by individuals. In March, 2013,
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The 2013 Ford Fusion Energi has earned the highest possible “five-star” Overall Vehicle Score from the National Highway Traffic Safety Administration (NHTSA). The five-star rating is the U.S. Government’s highest-possible safety rating and is determined only after severe testing procedures as part of NHTSA’s New Car Assessment Program (NCAP), which combines vehicle performance in frontal
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Hyundai, Mercedes-Benz, Nissan and Toyota are uniting with the Energy Department on a new public-private partnership called H2USA, which will focus on advancing hydrogen infrastructure to support more transportation energy options for U.S. consumers, including fuel cell electric vehicles (FCEVs). Named after the chemical symbol for hydrogen, the H2USA partnership brings together government agencies, gas
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Thailand’s capital Bangkok joined last week the list of candidate cities bidding to host the new fully-electric FIA Formula E Championship. The announcement came during a special event held to demonstrate the innovation of racing technology in Thailand, attended by the Pol.Maj.Gen Lattasanya Piansomparn, Advisor to the Minister of Energy, Mr. Chiruit Israngkun Na Ayuthaya,
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Volvo’s V60 Plug-in Hybrid, the world’s first diesel plug-in hybrid, is proving successful sales-wise. Volvo Car Group (Volvo) is now ramping up production by 90 percent. It is doing so earlier than anticipated to keep up with the demand. The increased demand, especially in Holland, Belgium and Italy, means that the Plug-in Hybrid production at
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JNS Holdings Corporation announced this week that it has formed a new majority owned subsidiary, Evolve USA Charging Corporation, an Illinois domiciled and based company. Evolve USA Charging Corporation will be solely responsible for new sales, service and the development of electric vehicle charging Systems for both residential and commercial applications. Evolve will also be
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Auto West BMW was awarded “The Most Sustainable BMW Dealership in the World” title at this year’s prestigious BMW Sales Excellence Award Ceremony, held at the iconic BMW Museum in Munich, Germany. This highly esteemed award recognizes dealerships worldwide who are paving the way for a greener future, while supporting BMW AG’s worldwide commitment to
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Dana Holding Corporation announced that it has recently received two grants totaling $3 million from Natural Resources Canada (NRCan) to develop technology to improve thermal management systems for battery systems in electric, plug-in hybrid-electric, and hybrid-electric vehicles. “Through the ecoENERGY Innovation Initiative, our government is investing in innovative clean energy technologies that create jobs, generate
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The new 2013 Honda Civic Sedan has received the highest possible overall safety ratings from both the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS). This is good news for a car that is known to be one of the most popular small car among individual buyers The 2013
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