Utilities Look To Electric Cars As Savior Amid Decline In Demand
"The U.S. electricity sector is eyeing the developing electric car market as a remedy for an unprecedented decline in demand for electricity."
"The U.S. electricity sector is eyeing the developing electric car market as a remedy for an unprecedented decline in demand for electricity."
"Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show."
"The final text of the Republican tax bill made public Friday largely preserves key tax credits for wind and solar power and electric vehicles, reversing language in earlier versions that could have slowed the growth of renewable energy across the United States."
"House Republicans proposed eliminating a $7,500 electric vehicle tax credit that automakers have depended on to prop up early sales."
"With China now planning to phase out gas-powered cars, automakers are talking about an all-electric future. It could mean a big drop in emissions."
"A group of large corporations, including utilities and an international delivery company, launched a global campaign today to accelerate the shift to electric vehicles and away from gas- and diesel-powered transportation—which generates almost a quarter of energy-related greenhouse gas emissions worldwide and has been the fastest growing emissions source."
"The Energy Department is closing an office that works with other countries to develop clean energy technology, another sign of the Trump administration’s retreat on climate-related activities after its withdrawal from the Paris agreement this month."
"President Trump’s budget proposal for 2018 envisions a flurry of changes to domestic energy policy, reaping billions of dollars in one-time revenue from oil and gas resources while cutting research into future energy technologies that could pay long-term dividends."
"When Georgia repealed its generous $5,000 tax credit on electric vehicles in July 2015, and instead slapped a $200 registration fee on electric cars, sales quickly tumbled."
"The Consumer Electronics Show, or CES, held annually in the first week of January in Las Vegas, is becoming the place to unveil exciting electric cars, upstaging the Detroit Auto Show held a week later, the usual venue for automakers to reveal new models."