Tesla, a manufacturer of battery and electric vehicle (EV), has announced its plans to build a $5 billion EV gigafactory in Mexico. This makes the company the second in the country to launch large-scale battery production in pursuit of the US’s Clean Vehicle Credit scheme. The facility will be constructed near Monterrey.
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In Indonesia, transport is the single largest final energy-consuming sector, using imported oil and accounting for roughly a quarter of energy emissions. Legacy carmakers command a predominant, if not near-absolute, status in Indonesia’s market, but their electric plans remain lackluster. Bold fuel economy standards and other active government policies are required to restrain demand for internal combustion engine fuel and make legacy automakers work toward more efficient EVs.
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This paper explains the ESB Initiative’s equity framework including key concepts and definitions and relevant equity intersections. It outlines the process the ESB Initiative used to develop the initial framework and plans for future iterations based on ongoing foundational equity research. The paper also summarizes how the ESB Initiative is translating the framework into action to achieve the equity objectives.
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The ICCT’s European Vehicle Market Statistics 2022/23 Pocketbook provides an annual statistical portrait of the state of the EU car, van, truck, and bus markets in their transition to decarbonization. The report includes information from 2001 to 2021 on vehicle sales, fuel economy, greenhouse gases, and other air pollutants. This year’s analysis shows a continued decrease in vehicle sales in the EU market and a stagnation of the electric car market in early 2022 after a steep increase in previous years.
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Currently, most EVCSs operate on traditional grids. However, such uncoordinated charging with sudden peaks and troughs in demand can potentially cause fluctuations, leading to outages and deterioration of the grid. Hence, in the upcoming years, the growth of EVCS will be accompanied by the growth of smart grids and captive sources of power. It makes more business sense for an EVCS to have captive capacity, as this reduces the operational overheads related to power procurement.
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Can the addition of more electric vehicles (EVs) to the grid actually lower utility bills for all customers? A recently updated study shows just that, showing that EV drivers are not being subsidized by other customers and, in fact, they are putting downward pressure on rates. Between 2012 and 2021, in three of utility service territories with the most EVs in the United States, EV customers have contributed more than $1.7 billion in net-revenue to the body of utility customers.
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The Inflation Reduction Act (IRA) is the single largest action ever taken to mitigate the impacts of climate change in the United States. The federal government is deploying hundreds of billions of dollars to marshal economic and industrial policies in support of clean energy and to accelerate economy-wide decarbonization. But President Biden signing this bill into law is only the beginning.
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In India, deployment of electric buses has increased from zero in 2017 to 4,647 buses in 2021, reaching an estimated market size of around USD127 million. Around two-thirds of these are midi 9-metre buses and the remaining one-third are standard 12-metre buses. In terms of charging infrastructure, as of August 2022, state road transport corporations (SRTCs) have installed 2,826 public charging stations and oil marketing companies (OMCs) have set up 3,448 charging stations at their retail outlets.
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In June 2022, the Government of Paraguay sanctioned the bill “Incentives and promotion of electric transport in Paraguay” with the aim of establishing a regulatory framework to promote and incentivise the use of electric transport in the public sector. Currently, there are 1,400 diesel buses in operation, of which 50 per cent are conventional buses. The government plans to acquire an average of 200 electric buses each year over the next five years, that is approximately 1,000 buses, to replace the existing fleet.
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Last time we checked on new registrations of plug-in hybrid (PHEV) and battery-electric (BEV) passenger cars in early-2022, it was Europe that was in the lead, slightly ahead of China. Back then, the U.S. market was clearly falling behind the two other major regions. Now, six months later, the picture has changed quite a bit, once more illustrating how dynamic electric vehicle (EV) sales still are.
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LG Energy Solution and Honda Motor Co., Ltd. announced a joint venture (JV) company to manufacture lithium-ion batteries in the US to power Honda and Acura EV models for the North American market. LGES and Honda will invest a combined $4.4 billion in this agreement to build a new JV plant in the US. The project intends to have a production capacity of about 40 GWh per year.
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Many automakers have agreed that they can no longer step on the gas in building internal combustion engine (ICE) vehicles. For example, GM, Ford, and Stellantis have urged the federal government to lift the cap in the federal tax credit for EVs, which would help lower EV prices and benefit manufacturers and consumers alike. Several tax credit design changes can “enhance the effectiveness of the federal dollars” to advance automaker interests in producing more electric vehicles.
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The US Department of Energy (DOE) has announced a $96 million loan to increase the accessibility of electric vehicle (EV) charging stations and maximise EV efficiency and affordability in order to aid in the decarbonization of the domestic transportation sector. The agricultural, construction, railroad, maritime, and aviation sectors are the main targets of the decarbonisation drive. These industries produce the most carbon emissions in the US.
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The analysis found that new BEV registrations is not equally distributed across European regions. In intermediate regions, the average BEV market share of 6.7% was 0.5 percentage points higher than in urban and rural regions. Looking at the regions which experienced BEV registrations equal to or above the European average, their share was the highest in intermediate regions (45%), followed by rural regions (42%), and urban regions (38%).
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This publication is intended to serve as a resource primarily for school districts and transportation directors exploring school bus electrification and provide them with a better understanding of the state of the electric school bus market and available offerings. It aims to present the growing interest and investment in the sector along with key aspects of the current technology.
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The $7,500 federal EV tax credit has been a mainstay of U.S. electric vehicle policy for the past decade, stimulating EV sales by reducing the difference in purchase price compared to conventional vehicles. It could be even more important, and effective, in the coming years. By the end of this decade, 2030, the U.S. EV market has to expand from early adopters to the average vehicle buyer if we’re going to decarbonize road transport quickly enough to match either our climate or our manufacturing goals.
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The growing need to reduce reliance on conventional energy sources, mitigate GHG emissions and control pollution levels are the primary drivers of the Southeast Asian electric bus market. Growing public awareness of the nexus between climate change, pollution and personal consumption has resulted in a surge in demand for green transportation solutions, including electrified public transportation such as e-buses.
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Progression of variable renewable energy, electric vehicle, and smart microgrid among the ASEAN Member States is facilitated through policy mapping. AMS have concrete policies and targets for variable renewable energy as part of their existing renewables implementation frameworks; solar power is expected to be a significant contributor to the total renewables generation.
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The administration of the US President has announced that a $3.1 billion plan will be formulated to increase the manufacturing of domestic electric vehicle (EV) batteries, speeding up the country’s transition from gas-powered automobiles to EVs. Reportedly, the US emits the most greenhouse gases per capita in the world.
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The stage is set for significant electric vehicle (EV) growth in the coming decades, but even the most optimistic scenarios bring dramatic plot twists. The Biden administration has set a goal for the U.S. economy to achieve net-zero greenhouse gas (GHG) emissions by 2050. Achieving that goal will require a nationwide transition to EVs and clean energy. While EV adoption is surging, reaching many goals set by automakers and policymakers will require extensive changes that go far beyond just the vehicles on the road.
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