EV Industry Assessment Specialist @ CALSTART | Innovative finance for zero-emission transportation [Views are my own]
Next in my clean transportation finance series as part of New York Climate Week 2024 is a unique method I developed to overcome a critical barrier facing Battery-Electric Truck (BET) financing: residual value benchmarking. A historic lack of BET-resale price data has resulted in lenders making the conservative assumption that a BET’s residual value (RV) will fall to nearly zero early in its financing term, making financing unaffordable. Instead of looking at used vehicle resale prices, I assessed BET residual values by modeling used component valuation. When applied to a typical Class 8 BET, my model shows a strong RV outlook competitive with the RV outlook that lenders make when financing diesel trucks. https://lnkd.in/ezeEDzPz Are you an investor, lender or equipment finance broker looking to learn more about the clean transportation sector? Are you a zero-emissions vehicle company or dealership with unique data to share to amplify market acceleration efforts? Let's get in touch. [Post 2 of a 3-part series] Benjamin Mandel Mary Jo W. Bill Van Amburg Julia Grinshpun Richard Burr Tweedy Kaitlin Butler Cara Merriman Jacqueline (Bruns) Torres Jon Stafford, CMA, CAFM Vincent Riscica Bruce Tuter Patrick Toppin Nadia El Mallakh #newyorkclimateweek #cleantransportation #sustainablefinance #greenfinance #zeroemissionstrucks #equipmentfinance [Views expressed on social media are my own and do not represent any organization]
