Latest news with #zeroemission
Daily Mail
7 hours ago
- Automotive
- Daily Mail
8 states planning to ban the sale of gas-powered cars
At least eight states are planning to ban the sale of new gas-powered cars in the next decade - and others are considering joining them. Only zero-emission vehicles can be sold in participating states beginning from the 2035 model year, according to the Advanced Clean Cars II legislation. The rule, which was first adopted by California , means that automakers and dealerships would be banned from selling new gas cars in these states from that point onwards. Americans will not be forced to take their gas-powered cars off the road, however, and will still be able to buy used and secondhand gas vehicles. These states have gone further than the latest federal legislation announced in 2024, where the Biden administration released new rules to gradually phase out gas cars by 2032. The new federal legislation requires automakers to reduce the tailpipe emissions of new vehicles by around 50 percent from model year 2026 to 2032. In order to achieve this, the Environmental Protection Agency (EPA) is targeting 35 percent to 56 percent of vehicles needing to be EVs by 2032, and 13 percent to 36 percent needing to be plug-in hybrids by that date. It was initially proposed that two thirds of all cars sold by 2030 would need to be EVs, but the brakes were put on that plan last week, giving a concession to carmakers and giving them more ways to comply. But carmakers will eventually stop making full gas-powered successors to the beloved muscle cars of the 1960s and 1970s under the new edict. For the time being though, Dodge announced earlier this month that the 2024 Charger will be available as a gas-powered muscle car as well as a new all-electric vehicle. According to personal finance site Money , California was the first state to adopt the Advanced Clean Cars II rule, which will put a complete ban to new sales of gas-powered cars by 2035. Plans in the state, which is run by governor Gavin Newsom , specify that 35 percent of all new car sales will need to be zero-emission by 2026, rising to 68 percent by 2030. Rhode Island was the most recent state to join the list of states pledging to ban the sale of gas-powered cars, joining Maryland , Massachusetts , New Jersey , New York, Oregon and Washington. According to the site, the District of Columbia has also made the commitment. Other states have adopted versions of the legislation, but not yet pledged to ban gas-powered cars entirely by that date. For example, Delaware and Colorado last year finalized rules that would require 82 percent of new cars to be zero-emissions vehicles in 2032, but officials have not adopted 2035 bans. New Mexico , meanwhile, announced in July that it will set annual targets for the sale of zero-emission vehicles and may adopt parts of the Advanced Clean Cars II legislation. But it has not yet endorsed the 2035 ban. As states come out with new plans to ban the sale of gas-powered cars after a certain point, the idea is to pressure automakers to speed up their production of electric and hybrid vehicles. According to Kelley Blue Book, EVs made up 7.6 percent of new car sales in 2023. Although this is up from 3.2 percent in 2021, there is a clear disparity across the country as to who is switching to electric cars. Data earlier this year revealed how Americans in some areas are buying more than 10 times as many electric vehicles than in others. The West Coast - and particularly California - continued to dominate the market last year, according to figures from market research firm S&P Global Mobility. But other places, including the so-called 'Motor City' Detroit - the nation's auto capital - have barely any residents buying electric cars. However some major carmakers are ramping up production of electric cars. General Motors, for example, expects to have completed a full transition to electric vehicle sales by 2035. In San Jose, almost 40 percent of new car registrations last year were electric - the most of any major metro area. In Detroit, however, just 3 percent of registrations were for EVs.
CTV News
5 days ago
- Automotive
- CTV News
Car shoppers pessimistic about Canada's zero-emissions vehicle sales target: survey
An electric vehicle charger is seen in Ottawa on June 27, 2023. THE CANADIAN PRESS/Justin Tang A new survey has found that the majority of car buyers don't think the Canadian government can achieve its target of 100 per cent zero-emission vehicle sales by 2035, as interest in electric vehicle purchases remains largely unchanged from last year. The survey from consumer insights firm J.D. Power found that 75 per cent of new-vehicle shoppers are not confident the 2035 target will be reached. The survey also found that 28 per cent of respondents are 'very likely' or 'somewhat likely' to consider an EV for their next vehicle purchase, down from 29 per cent last year and 34 per cent in 2023. Canadian interest in EVs is much lower than in the United States, where 59 per cent of those surveyed said they are either 'very likely' or 'somewhat likely' to purchase an electric vehicle. The federal government paused an incentive program in January that offered Canadians rebates of up to $5,000 when buying or leasing electric vehicles. The online survey of nearly 4,000 potential new vehicle buyers found that pause had a negative effect on 42 per cent of those who were likely to consider getting an EV. The polling industry's professional body, the Canadian Research Insights Council, says online surveys cannot be assigned a margin of error because they do not randomly sample the population. This report by The Canadian Press was first published May 29, 2025. The Canadian Press
Globe and Mail
6 days ago
- Business
- Globe and Mail
GreenPower Closes Second Tranche of Term Loan Offering
VANCOUVER, BC , May 28, 2025 /CNW/ -- GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) ("GreenPower" and the "Company"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, announces the closing of the second tranche of its previously announced secured term loan offering for an aggregate principal amount of U.S. $500,000 (collectively the " Loans"). Please refer to the Company's news release dated May 13, 2025 for more details regarding the term loan offering. In connection with the Loans, the Company entered into respective loan agreements with companies controlled by the CEO and a Director of the Company (the " Lenders"). Management anticipates that the Company will allocate the net proceeds from the Loans towards production costs, supplier payments, payroll and working capital. The Loans are secured with a general security agreement on the assets of the Company subordinated to all senior debt with financial and other institutions and will bear interest of 12% per annum commencing on the date of closing (the " Closing Date") to and including the date all of the Company's indebtedness pursuant to the Loans is paid in full. The term of the Loans will be two years from the Closing Date. As an inducement for the Loan, the Company issued 568,181 non-transferable share purchase warrants (each, a " Loan Bonus Warrant") to one of the Lenders. Each Loan Bonus Warrant entitles the holder to purchase one common share of the Company (each, a " Share") at an exercise price of U.S. $0.44 per Share for a period of twenty-four (24) months from the closing date of the Loan. In addition, two Lenders will be issued an aggregate of 113,635 Shares (each a " Loan Bonus Share"). The Lenders are each considered to be a "related party" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (" MI 61-101") and each of the Loans and issuance of Loan Bonus Warrants and Loan Bonus Shares, as applicable, is considered to be a "related party transaction" within the meaning of MI 61-101 but each is exempt from the formal valuation requirement and minority approval requirements of MI 61-101 by virtue of the exemptions contained in section 5.5(a) and 5.7(a) as the fair market value, in each case, of the Loans, the Loan Bonus Warrants, and the Loan Bonus Shares, as applicable, is not more than 25% of the Company's market capitalization. All securities issued in connection with the Loans will be subject to a statutory hold period of four months plus a day from the closing of the Initial Loan in accordance with applicable securities legislation. For further information contact: Fraser Atkinson , CEO (604) 220-8048 Brendan Riley , President (510) 910-3377 Michael Sieffert , CFO (604) 563-4144 About GreenPower Motor Company Inc. GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California . Listed on the Toronto exchange since November 2015 , GreenPower completed its U.S. IPO and NASDAQ listing in August 2020 . For further information go to Forward-Looking Statements This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "upon", "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the use of proceeds of the Loan. Although the Company believes that and the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that the proceeds of the Loan may not be used as stated in this news release, and those additional risks set out in the Company's public documents filed on SEDAR+ at and with the United States Securities and Exchange Commission filed on EDGAR at Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ©2025 GreenPower Motor Company Inc. All rights reserved.
The Verge
23-05-2025
- Automotive
- The Verge
California says it'll sue after Congress revoked its plans to mandate more EV sales.
GOP lawmakers passed resolutions rescinding federal approval of California's plans to require that all car sales be zero-emission by 2035, as well as policies limiting nitrogen oxide emissions and other pollutants from trucks. Republicans fast-tracked passage of the resolutions using a maneuver that nonpartisan watchdogs said should be barred, and that Governor Gavin Newsom calls illegal. The Clean Air Act gives California authority to set state pollution limits that are more stringent than federal regulation.
BBC News
21-05-2025
- Business
- BBC News
Electric plane tech centre to be built near Glasgow Airport
A new manufacturing centre for zero-emission aircraft technology is to built near Glasgow Airport. ZeroAvia said a facility to develop and manufacture hydrogen fuel cells for small electric planes could be in operation by 2028, creating around 350 jobs. The US-based start-up has previously conducted test flights in England with a 19-seater aircraft which was powered by a hydrogen/electric system. The firm has received millions of pounds of backing from the UK and Scottish governments, and Scotland's National Investment Bank. The new Hydrogen Centre of Excellence and manufacturing facility with be located within the Advanced Manufacturing Innovation District near the airport in will focus on developing the hydrogen fuel cells, while the electric motors will be built in the US and the planes tested at Cotswold Airport in Gloucestershire. First Minister John Swinney and Scottish Secretary Ian Murray both attended an event at Glasgow Airport to launch the firm's plans. Swinney said: "ZeroAvia's decision to establish a base in Scotland – creating 350 highly-skilled jobs in the process - is the perfect illustration of Scotland's growing reputation in the global transition to net zero."Murray said millions of pounds of UK government investment would create and support hundreds of Scottish jobs. "It is a perfect example of the UK and Scottish governments working together to drive innovation and manufacturing in Scotland," he said. The firm has received £32m of investment from the UK's National Wealth Fund and £18.5m of research funding since 2019. Scottish Enterprise has also provided £9m of grant funding while the Scottish National Investment Bank has invested £20m. The aviation industry is thought to account for 2-3% of global carbon emissions, and decarbonising the sector is a major technical weight of batteries limits their potential for electric aircraft, and a number of firms are instead looking to use hydrogen to generate electricity on board the plan itself, using hydrogen fuel cells on board the plane. The only emissions from this process would be water. In 2023 ZeroAvia successfully tested a twin-engined Dornier 228 aircraft, normally powered by kerosene, with one motor powered by a hydrogen electric system. The firm has submitted its first full engine for up to 20 seat planes for certification from aviation regulators, and is working on a larger system for 40-80 seat aircraft. A spokesperson said it was hoping to get its first regulatory approvals next year, and it had received advanced orders for nearly 3,000 power systems and components. Hydrogen economy The founder and chief executive of ZeroAvia, Val Miftakhov, said Scotland had been chosen for the new facility because of its strong aerospace and engineering skills and "burgeoning" hydrogen sector. "The aviation industry is on the cusp of the biggest transformation since the advent of the jet age, with entirely new propulsion systems set to power the next era of aviation – cleaner flights, better economics and better experiences for all," he said."With this new facility, Scotland has a big role to play in driving this transformation."The environmental credentials of hydrogen depend on how it is produced. "Green hydrogen" produced from wind or solar power is considered environmentally friendly but "grey hydrogen" produced from fossil fuels can lead to significant greenhouse gas emissions. Scotland is hoping to become a major producer of hydrogen. Glasgow Airport recently hosted a summit on plans for it to become a "hydrogen hub" by 2027 to support zero-emission currently employs about 100 people in the UK and 200 at sites in the UK.
