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Virginia plans Electrification of Public School Buses

Asia News - Sat, 09/07/2019 - 14:28

In a recent announcement underscoring an environment-friendly move, the US state of Virginia has said that it is planning the electrification its public school bus fleets.

According to the announcement made by Virginia’s Governor Ralph Northam, the state has planned five-year initiatives for making a switch over to electric mobility. Under the planned initiatives, the electrification of public transport in the state will be undertaken in three stages.

Going by the details shard by Governor Northam, the first phase of school-bus electrification in Virginia will mark the transition of the first 50 school buses to electric by 2020. Subsequently, in the second phase, another 1,000 electric school buses will be electrified over the next five years. In the third phase, the state is “aiming for all electric by 2030.”

The initial investment cost for electrifying the public school bus fleets has apparently been ascertained by Virginia. In addition, the state has also calculated that the operating cost of the school buses will be reduced by nearly 60% in the long term, after the electrification.

To materialize the plans of electrifying the school bus fleets, the state of Virginia wants to ensure that the education system is not burdened with the bus-electrification costs. Hence, to facilitate the school-bus electrification move, the state will provide electric-bus charging stations and infrastructure to schools, free of cost.

Region: VirginiaBusiness: Auto SectorGeneral: FeaturedTNMCleanTech
Categories: Asia News

Hyundai plans 17 electric vehicles by 2025 in commercial vehicle segment

New Zealand News - Fri, 09/06/2019 - 17:29

South Korean automaker Hyundai has announced its plans with regard to the electrification of commercial vehicles in the coming years.

The automaker has revealed that it is planning to produce as many as 17 models of electric commercial vehicles, which will be made market-ready by the year 2025. By the mentioned timeline, Hyundai is aiming at the expansion of its commercial-vehicle line-up to include seven battery-electric models and ten fuel cell models.

However, Hyundai has not disclosed the total investment involved in the planned electrification of commercial vehicles.

Going by some of the details announced by Hyundai, the 17 electric commercial vehicles which will become market-ready by 2025 will include a few models planned for use specifically in the country’s capital city Seoul. More explicitly, the models that will become operational in Seoul will include at least one battery-powered bus and one fuel cell-powered bus.

However, in announcing its plans to launch 17 electric commercial models, Hyundai has not shared any information about the specific number of different-sized electric buses, electric trucks, and electric vans that it will develop. The drive technology to be used for the various segments of commercial vehicles has also not been revealed. Nonetheless, against the backdrop of the recent model announcements made by Hyundai, it is projected that the automaker will apparently launch the battery variants on the market.

Business: Auto SectorCompanies: HyundaiRegion: South KoreaGeneral: Product LaunchTNMFeatured

Charter Plane Start-up Quantum Air will purchase 26 small electric aircraft

Company News India - Fri, 09/06/2019 - 17:25

In a recent announcement, Los Angeles-based charter start-up Quantum Air has revealed that it has signed an agreement with Denver-based Bye Aerospace, for the purchase of 26 small electrically-powered aircraft.

According to the announcement, the 26 electric aircraft that Quantum Air has ordered from Bye Aerospace include 22 units of fixed-wing four-seat eFlyer 4 aircraft, and four units of two-seat eFlyer 2. In addition, the agreement also underscores Quantum Air’s commitment to purchase two other new electric aircraft that are currently being developed by Bye Aerospace.

The purchase of the Bye Aerospace eFlyers will enable Quantum Air to launch an air taxi service in Los Angeles.

About the imminent arrival of electric aircraft, Quantum Air CEO Tony Thompson said that electric aircraft will herald “a new Golden Age in aviation.” Further adding that, “Since the dawn of flight, point to point air travel has been a luxury available only to a privileged few,” Thompson said: “Quantum’s groundbreaking air taxi service will finally make point to point air travel widely available.”

As of now, the excepted timeline for the delivery of the 26 electric aircraft by Bye Aerospace to Quantum Air has not yet been officially announced. Bye Aerospace is presently completing the critical design review, and is hopeful of obtaining FAA FAR 23 type certification for the eFlyer 2 in 2021, and for eFlyer 4 in 2022.

Business: Aviation SectorCompanies: Bye AerospaceQuantum AirRegion: CaliforniaGeneral: FeaturedTNM

Charter Plane Start-up Quantum Air will purchase 26 small electric aircraft

Asia News - Fri, 09/06/2019 - 17:25

In a recent announcement, Los Angeles-based charter start-up Quantum Air has revealed that it has signed an agreement with Denver-based Bye Aerospace, for the purchase of 26 small electrically-powered aircraft.

According to the announcement, the 26 electric aircraft that Quantum Air has ordered from Bye Aerospace include 22 units of fixed-wing four-seat eFlyer 4 aircraft, and four units of two-seat eFlyer 2. In addition, the agreement also underscores Quantum Air’s commitment to purchase two other new electric aircraft that are currently being developed by Bye Aerospace.

The purchase of the Bye Aerospace eFlyers will enable Quantum Air to launch an air taxi service in Los Angeles.

About the imminent arrival of electric aircraft, Quantum Air CEO Tony Thompson said that electric aircraft will herald “a new Golden Age in aviation.” Further adding that, “Since the dawn of flight, point to point air travel has been a luxury available only to a privileged few,” Thompson said: “Quantum’s groundbreaking air taxi service will finally make point to point air travel widely available.”

As of now, the excepted timeline for the delivery of the 26 electric aircraft by Bye Aerospace to Quantum Air has not yet been officially announced. Bye Aerospace is presently completing the critical design review, and is hopeful of obtaining FAA FAR 23 type certification for the eFlyer 2 in 2021, and for eFlyer 4 in 2022.

Business: Aviation SectorCompanies: Bye AerospaceQuantum AirRegion: CaliforniaGeneral: FeaturedTNM
Categories: Asia News

Hamburger Hochbahn floats tender for purchase of 530 electric buses

Company News India - Fri, 09/06/2019 - 17:21

German public transport provider Hamburger Hochbahn is planning to purchase 530 units of electric buses between 2021 and 2025. The purchase will mark the next generation of the electric buses to be used by the company which plans to order only emission-free vehicles from 2020 onwards.

For the purchase of the electric buses, Hamburger Hochbahn has launched a Europe-wide tender, seeking proposals from interested electric bus suppliers. The company has also announced the details related to the technical specifications of the electric buses it requires.

According to the tender published by Hamburger Hochbahn, one of the most crucial aspects affecting the selection of the new electric bus models is the expected driving range of the buses. The company is looking for a 200 km range, though it will initially consider a 150 km range for the first 50 articulated buses because of higher weight.

In its specifications for electric buses, Hamburger Hochbahn has left open the tactical option of procuring buses that are pure hydrogen vehicles or the buses with fuel cells as range extenders.

Nonetheless, in the invitation to the electric-bus tender, Hamburger Hochbahn has clearly specified that the electric buses should have the capability to avail overnight charging in the depot. The company has also added alongside that “offers are also welcome which, in addition to the depot shop, also allow ‘opportunity charging’ (charging at the terminal stops) in order to increase the range.”

Region: GermanyBusiness: Auto SectorGeneral: FeaturedTNM

Hamburger Hochbahn floats tender for purchase of 530 electric buses

Asia News - Fri, 09/06/2019 - 17:21

German public transport provider Hamburger Hochbahn is planning to purchase 530 units of electric buses between 2021 and 2025. The purchase will mark the next generation of the electric buses to be used by the company which plans to order only emission-free vehicles from 2020 onwards.

For the purchase of the electric buses, Hamburger Hochbahn has launched a Europe-wide tender, seeking proposals from interested electric bus suppliers. The company has also announced the details related to the technical specifications of the electric buses it requires.

According to the tender published by Hamburger Hochbahn, one of the most crucial aspects affecting the selection of the new electric bus models is the expected driving range of the buses. The company is looking for a 200 km range, though it will initially consider a 150 km range for the first 50 articulated buses because of higher weight.

In its specifications for electric buses, Hamburger Hochbahn has left open the tactical option of procuring buses that are pure hydrogen vehicles or the buses with fuel cells as range extenders.

Nonetheless, in the invitation to the electric-bus tender, Hamburger Hochbahn has clearly specified that the electric buses should have the capability to avail overnight charging in the depot. The company has also added alongside that “offers are also welcome which, in addition to the depot shop, also allow ‘opportunity charging’ (charging at the terminal stops) in order to increase the range.”

Region: GermanyBusiness: Auto SectorGeneral: FeaturedTNM
Categories: Asia News

NRI Investors can use Indian Housing investments as hedge during troubled times: Shajai Jacob

UAE News - Fri, 09/06/2019 - 05:49

The Indian real estate market right now stands in equilibrium as prices are stable across most cities in India. However, this is slated to change in the medium to long term as demand should outweigh supply over the next few years, primarily due to decline in residential launches. Sales have, in fact, overshadowed new launches in the past 4-5 quarters - signalling the revival of the sector.

 

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Categories: UAE News

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