We humans are, at least in theory, proceeding with a broad range of measures to slow climate change —deploying renewable energy sources, protecting forests, cleaning up industrial emissions, etc. According to a recent study by the World Resources Institute, only a single one of these projects is currently on track to meet the goals set… Read more »
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Rivian launches leasing for R1T electric pickup truck in 14 states
Rivian has launched a leasing program for its R1T electric pickup truck for customers in selected US states. Customers in Arizona, California, Colorado, Florida, Georgia, Massachusetts, Michigan, Missouri, New Jersey, New York, Nevada, Pennsylvania, Texas and Washington can now sign up to lease an R1T pickup from the automaker’s existing inventory. The $7,500 federal tax… Read more »
Tenet raises $30 million for its EV financing and charging platform
New York-headquartered vehicle financing company Tenet Energy has closed a funding round of more than $30 million. The financing includes more than $10 million in Series A investment, led by venture capital firm Nyca Partners, as well as a $20-million warehouse debt facility provided by Silicon Valley Bank. Other investors participating in the round include… Read more »
Exxon Mobil plans to produce lithium in Arkansas
When a new technology is in the process of replacing an old one, it’s not uncommon for industry incumbents to experiment with the new tech. When the incumbents in question have barrels of cash lying around, it’s easy for them to do so by means of acquisitions—and that’s exactly what some of the oil majors… Read more »
Ryder deploys its first BrightDrop electric vans
Ryder has introduced its first BrightDrop Zevo 600 electric vans to its rental fleets at four strategic Ryder facilities in California, Texas and New York. Earlier this year, Ryder announced plans to add 4,000 of the vans to its inventory through 2025. The first 200 were ordered this year. “Ryder’s aim is to continue to… Read more »
IRS Commercial Clean Vehicle Credit plus other incentives can make a commercial EV “nearly free”
The IRS Commercial Clean Vehicle Credit offers a tax credit of up to $40,000 for US businesses and tax-exempt organizations that buy a qualified commercial clean vehicle (an EV, PHEV or fuel cell vehicle). The IRS’s list of eligible manufacturers includes some 60 vehicle brands. But wait, there’s more. As Lightning eMotors, whose medium-duty commercial… Read more »
As 2023 wanes, legacy automakers fall farther behind Tesla and BYD
Ever since Tesla’s 2003 founding, industry observers (and even the company’s own execs) have been predicting that the giant global automakers would respond to the new company’s challenge, produce their own compelling EVs, and surpass (or perhaps even acquire) the upstart. Two decades later, that scenario seems more unlikely than ever. As Tom Randall writes… Read more »
The lowly refuse truck offers the perfect use case for electrification
Q&A with Mack Trucks’ Scott Barraclough Most followers of tech trends probably think of electric vehicles as luxury performance cars, but here at Charged, we get just as excited about commercial vehicles. As regular readers know, the electrification of trucks and other heavy-duty vehicles is quickly picking up, driven by both regulation and technological developments…. Read more »
Li-Cycle starts operations in Germany at its first battery recycling facility outside North America
Toronto-based battery recycling company Li-Cycle has begun operation of the first main processing line at its new Spoke recycling facility in Magdeburg, Germany. The second main line is expected to begin running later this year. The facility, including its two main lines and planned ancillary capacity, is expected to have a total annual processing capacity… Read more »
Senator Schumer takes Revel’s millionth electric ride in NYC
New York-based Revel leverages the synergies between urban public charging and ridesharing. The company operates two public EV fast charging Superhubs, and plans to add at least 130 more plugs by the end of 2023. The company launched its electric rideshare service in 2021, and currently has a fleet of about 300 EVs, including Tesla… Read more »
