There is quite a bit to get to this week, so let’s charge forward.
Email me at kirsten.korosec@techcrunch.com to share thoughts, criticisms, opinions or tips. You also can send a direct message to me at Twitter @kirstenkorosec.
Micromobbin’
The spike in electric bike sales was one of the rosier outcomes of the COVID-19 pandemic. Now, new legislation introduced this past week by U.S. representatives Jimmy Panetta (D-CA) and Earl Blumenauer (D-OR) could push sales even higher. The Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act proposes creating a consumer tax credit that would cover 30% of the cost of an electric bicycle up to a $1,500 credit. The proposed bill applies to new electric bicycles that cost less than $8,000 and is fully refundable, allowing lower-income workers to claim the credit, according to Panetta’s announcement.
The Station: Archer Aviation s two big scores, a boost for e-bikes and how Uber defines adjusted EBITDA
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February 15, 2021, 9:09 AM·17 min read
There is quite a bit to get to this week, so let s charge forward.
Email me at kirsten.korosec@techcrunch.com to share thoughts, criticisms, opinions or tips. You also can send a direct message to me at Twitter @kirstenkorosec.
Micromobbin
the station scooter1a
The spike in electric bike sales was one of the rosier outcomes of the COVID-19 pandemic. Now, new legislation introduced this past week by U.S. representatives Jimmy Panetta (D-CA) and Earl Blumenauer (D-OR) could push sales even higher. The Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act proposes creating a consumer tax credit that would cover 30% of the cost of an electric bicycle up to a $1,500 credit. The proposed bill applies to new electric bicycles that cost less than $8,000 and is fully refundable, allowing lower-income workers
The port of Long Beach on the US west coast
Available capacity in ocean freight is currently very tight in certain regions. The surge in cargo movements that followed the first wave of the coronavirus lockdowns in China has met with restricted capacity in the distribution network. That has been caused by a displacement of containers and tighter capacity at inland warehouses and distribution centres. Added to that are ongoing restrictions on international travel caused by the pandemic, which have reduced aircraft hold capacity.
As previously reported, the aftermath of the first wave of the coronavirus disrupted ocean container shipping, especially between Asia and North America. As global production of non-essential items ground to a halt, shipping capacity was cut. However, when demand rebounded as lockdowns were eased the industry was unprepared for the demand in capacity. The recovery in consumer demand coincided with increases in manufacturing, notably a stronger than expect
Toyota ended 2020 on a high.
Now that 2020 is over, car manufacturers have a much clearer picture of how the global pandemic affected auto sales. Toyota Motor North America has released its final US sales figures for 2020, ending the year on a high with 249,601 vehicles sold in America in December across the Toyota and Lexus brands. Impressively, that s a 20.4 percent volume increase compared to December 2019.
However, the automaker s 2020 calendar year sales decreased by 11.3 percent with a combined 2,112,941 vehicles sold by Toyota and Lexus. Despite this, Toyota remained the number one retail brand in the US for the ninth consecutive year.
The Toyota division sold 211,378 vehicles in the US in December 2020, up by 22.9 percent compared to December 2019, and 1,837,900 vehicles in all of 2020, down by 11.9 percent.
Every Step Counts - Toyota Releases its 2020 North American Environmental Report marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.