Business, Fuel

Volvo Counting on Hybrid Cars to Pay Hefty CO2 Fines

The Volvo XC40 Recharge electric SUV is displayed during an event in Los Angeles in October 2019. The Volvo XC40 Recharge electric SUV is displayed during an event in Los Angeles in October 2019. (Patrick T. Fallon/Bloomberg News)

Volvo Car AB is counting on tripling sales of plug-in hybrid models this year as a way to avoid paying what could amount to hundreds of millions of euros in European penalties for the sale of its more polluting yet popular combustion-engine SUVs.

Niclas Rolander | Bloomberg News
January 27, 2020
Business, Technology, Fuel

Toyota Having Trouble Keeping Hybrid Car Models in Stock

Toyota RAV4 Prime The 2021 Toyota RAV4 Prime is shown at the AutoMobility L.A. auto show Nov. 21, 2019, in Los Angeles. (Marcio Jose Sanchez/Associated Press)

Toyota Motor Corp. has a problem with selling its hybrids — it can’t get enough of them.

Chester Dawson | Bloomberg News
December 5, 2019
Business, Technology, Equipment, Fuel

Hybrid Truck Startup XL Gets $22 Million From Exelon, Ikea

XL Hybrids Inc.

XL Hybrids Inc. won $22 million in venture capital funding led by units of Exelon Corp. and Ikea Group to accelerate sales of its hybrid-electric delivery trucks.

Chris Martin | Bloomberg News
October 12, 2017
Business, Fuel

ConMet, Protean Electric to Develop Hybrid Wheel End

Consolidated Metco Inc. announced it is partnering with Protean Electric to develop an electric in-wheel drive system to provide hybrid-electric solutions for the medium- and heavy-duty commercial vehicle markets.

Dan Ronan | Senior Reporter
March 14, 2017
Business, Fuel

Odyne Debuts Plug-In Hybrid Fuel Tanker

John Sommers II for TT

INDIANAPOLIS — Odyne Systems showcased a fuel tanker truck equipped with a plug-in hybrid system at the Work Truck Show here and revealed the identity of a customer for the technology.

Joe Howard | Executive Editor
March 4, 2015
Business, Fuel

Wal-Mart Unveils Concept Design for Rig With Hybrid Power, Lightweight Materials

Wal-Mart Stores Inc. has unveiled a concept tractor-trailer that includes a hybrid-electric powertrain and the first-ever trailer made from a solid sheet of lightweight carbon fiber.

February 24, 2014
Business, Fuel

UPS to Deploy 40 Hydraulic Hybrid Vehicles

UPS Inc. announced the deployment of 40 new hydraulic hybrid package cars.

Dan Ronan | Senior Reporter
October 4, 2012
Business, Fuel

Eaton Supports Calif. Hybrid Vehicle Voucher Program

Eaton Corp. said Monday it has aligned with the California Hybrid Truck and Bus Voucher Incentive Project to help California-based fleets purchase medium and heavy-duty hybrid trucks.

Dan Ronan | Senior Reporter
September 17, 2012
Business, Fuel

Hybrid Truck Sales Seen Nearly Doubling

Sales of hybrid and battery electric heavy- and medium-duty trucks will nearly double worldwide this year, and more than 100,000 will be on roadways by 2017, a research group said.

Dan Ronan | Senior Reporter
January 24, 2012
Business, Fuel

Senate Bill Offers Tax Credits for Hybrid, Electric Trucks

WASHINGTON — Legislation introduced in the Senate would provide tax credits of up to $24,000 to defray the cost of purchasing hybrid and electric heavy- and medium-duty trucks.

July 18, 2011