The Clean Energy Credit Union (CECU) is now taking savings account deposits and making clean energy loans. CECU received its federal charter from the National Credit Union Administration in September 2017, and completed a soft launch in May, during which it beta-tested its online banking services. CECU is an online-only financial institution that focuses exclusively… Read more »
Search Results Found For: "EV tax credit"
Argonne reviews 40 EV market analyses from 16 countries
A team of researchers at the DOE’s Argonne National Laboratory has conducted a review of 40 automotive market studies from 16 countries, including the US, Germany, China, South Korea, the UK and Ireland. These studies modeled the decision factors that drive consumers to buy plug-in vehicles (PEVs). The study addressed such issues as: projected market… Read more »
GM wants Congress to fund EVSE, Toyota wants hydrogen fueling infrastructure
At the recent Washington Auto Show, the Senate Energy and Natural Resources Committee held a field hearing to solicit input from stakeholders on public policy that affects the auto industry. GM spokesperson Britta Gross thanked the committee for helping to retain the $7,500 EV tax credit, which was on the chopping block in the recent… Read more »
Connecticut approves $2 million to continue innovative EV rebate program
The state of Connecticut has allocated $2 million in additional funding to continue its popular EV rebate program. The Connecticut Hydrogen and Electric Automobile Purchase Rebate Program (CHEAPR), created in 2015, provides a cash rebate for residents who purchase or lease an EV, PHEV or fuel cell vehicle. Plug-in vehicles are eligible for incentives of… Read more »
New report: Returns on EV infrastructure investment far outweigh costs
A new analysis from the nonprofit organization Ceres and M.J. Bradley & Associates finds that the benefits of increased investment in EV charging infrastructure outweigh the costs by more than 3 to 1. “Accelerating Investment in Electric Vehicle Charging Infrastructure” evaluates the need for charging infrastructure – including both private and public chargers – in… Read more »
Teardown of Chevy Bolt points to massive disruption ahead
It’s not unheard-of for financial analysts to tear down a vehicle to get an accurate estimate of what it costs to produce. Back in 2015, a consulting firm took apart and reverse-engineered a BMW i3. More recently, a team from UBS disassembled a Chevy Bolt and published a cost analysis of the new EV. However,… Read more »
Elon Musk: GM is in it for the CARB credits, will produce only 25,000 Chevy Bolts per year
As a plethora of pundits pontificate about Tesla and the hypothetical competition for its upcoming Model 3, many fall into error because they don’t understand the dynamic between Tesla, which exists to sell EVs, and the legacy automakers, which grudgingly sell a few in order to comply with government regulations. Elon Musk is happy to… Read more »
Hyundai launches Ioniq with three distinct powertrain choices: EV, PHEV and hybrid
In the short history of the modern EV industry, it’s been common for automakers to launch plug-in cars under a new brand or model – particularly those companies who are serious about selling EVs at scale. Or, at least the ones that want to appear serious about selling a lot of EVs. Even though Hyundai… Read more »
2017 Chevrolet Bolt EV: The era of long-range, mid-priced EVs is here
The 2017 Chevrolet Bolt EV will surely be remembered as a milestone model in automotive history – and hopefully for more than just the hype that heralded it. For several years, the punditocracy has been saying that the “killer app” that would bring electromobility to a “tipping point” and build that all-important “critical mass” would… Read more »
New wave of state legislation aims to penalize EV drivers
Several US states impose a yearly fee on owners of electrified vehicles, and the state-level anti-EV movement is now shifting into high gear, with financial backing from oil industry groups. As Gina Coplon-Newfield, Director of the Sierra Club’s Electric Vehicles Initiative and co-author Maggie Newshan write in a recent article, Wyoming, Colorado, Virginia, Nebraska, Missouri,… Read more »