The Lion Electric Company has launched a new division called LionCapital Solutions. The new division will provide Lion Electric customers with flexible financing as they look to electrify their fleets of medium- to heavy-duty commercial vehicles such as school buses and trucks.

Electrification of school busses and fleets requires a huge upfront cost but lower total cost of ownership over the life of the vehicle. By helping spread out the purchase price of fleets over their lifetimes, Lion is allowing operators to keep in place their current financial structures.

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Elon Musk’s Boring Company has submitted a proposal for a new 6-mile long Loop tunnel project in Miami. If approved, it would be the second of such full-scale commercial deployment of transportation system.

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The post Elon Musk’s Boring Company submit proposal for new 6-mile long Loop tunnel project with Tesla vehicles in Miami appeared first on Electrek.

Remember that time 14 months ago when French company Valeo announced the development of a new electric bicycle mid-drive system that included a built-in automatic transmission? Electrek remembers.

And now that drive unit is ready for production. It will soon be available on several e-bike models thanks to partnerships with over a dozen electric bicycle companies.

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Tesla has updated their smartphone app to version 4.6 adding some useful new features including actionable notifications and charging stats, and data-miners have found plans for an upcoming cheaper annual subscription to their Full Self-Driving and Premium Connectivity services.

But even with this upcoming cheaper subscription scheme, Tesla has so far shown no interest in ending their practice of charging owners $1k for hardware they already paid for.

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The post Tesla app update adds actionable notifications, charge stats, plans for annual FSD/connectivity subscriptions appeared first on Electrek.

Australia’s largest coal-fired power plant will close seven years earlier than originally planned. That’s because its operator, Origin Energy, says it’s unable to compete with renewables.

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The post Why Australia’s largest coal-fired plant will close seven years early appeared first on Electrek.