Electric Vehicles
The FY 2015 budget plan proposes $27.9B in DOE funding, reiterating President Obama’s commitment to a low-carbon future and energy infrastructure resilience. President Barack Obama’s FY 2015 budget plan released on March 4, 2014 allocates $27.9B for the Department of Energy (DOE), a 2.6 percent increase from the 2014 enacted level. It reflects DOE reorganization…...
To date, the 2009 Advanced Research Projects Agency-Energy has invested $900M for innovative projects leveraging $625M in private funding. On February 25, 2014, the Department of Energy’s (DOE) Advanced Research Projects Agency – Energy (ARPA-E) announced that it has advanced 22 innovative projects over the past five years, leveraging approximately $625M private funding following its…...
On January 21, Kilowatt Financial announced $100 million debt facility with Citi to support residential energy efficiency upgrades. One day later, Joule Assets announced a $100 million fund to aggregate energy efficiency and demand response projects for private equity investors. Overview Although creative energy efficiency financing has existed for decades, new mechanisms are emerging to…...
Fueled by technological innovation and favorable state policies, the plug-in electric vehicle market surged in 2013, with year-over-year sales increasing 83%. In its first full year on the market, Tesla Motors reported global Model S sales of 22,300 units for 2013. Most recently, Tesla beat fourth quarter sales estimates of under 6,000 by delivering 6,900…...
DOE has announced $49M in funding for critical vehicle technologies alongside its 2012 EV Everywhere Grand Challenge progress report release. On January 22, 2014, the Department of Energy (DOE) announced $49M in funding to support new vehicle technologies including its EV Everywhere Grand Challenge, a 2012 program which aims to make plug-in electric vehicles (PEVs)…...
DOE reports the U.S. at the forefront of the global fuel cell industry with significant advancements in the fuel cell and hydrogen technologies market. On December 19, 2013, the Department of Energy (DOE) released three reports highlighting strong progress in the U.S. fuel cell and hydrogen technologies market. The U.S. remains at the forefront of…...
The Senate Finance Committee’s latest energy tax reform proposal focuses on technology-neutral and performance-based energy tax credits. On December 18, 2013, Senate Finance Committee Chairman Max Baucus (D-MT) released an energy tax reform draft that would overhaul federal energy-related tax incentives and consolidate provisions supporting renewable energy. Notably, the proposal focuses on establishing tax credits…...
EIA’s latest Annual Energy Outlook (AEO) projects a 56 percent increase in natural gas production by 2040, overtaking coal as the largest share of U.S. electric power generation. On December 16, 2013, the Energy Information Administration (EIA) released the AEO 2014 Early Release Overview presenting updated projections for U.S. energy markets through 2040. The AEO…...
EPA’s annual report on average fuel economy shows that MY 2012 vehicles achieved record-high fuel economy and record-low carbon emissions. On December 12, 2013, the Environmental Protection Agency (EPA) issued its annual report on average fuel economy, emissions, and powertrain technology of new U.S. personal vehicles, including passenger cars, sport utility vehicles, minivans, pickup…...
The 2014 Fuel Economy Guide provides fuel economy and annual fuel cost data, fuel-efficiency rating, and GHG rating for vehicles. On December 3, 2013, the Environmental Protection Agency (EPA) and the Department of Energy (DOE) announced the release of the 2014 Fuel Economy Guide, which provides fuel economy and annual fuel cost data to help…...
Development of clean energy and energy efficiency solutions are confronted by challenges including federal policy uncertainties jeopardizing grants and tax credits, state budget constraints, and insufficient capital markets. Several states are exploring ways to leverage public resources with innovative banking and financial mechanisms to facilitate large-scale deployment of low-carbon technologies. Overview Many federal energy subsidies…...
On October 24, multiple states set goals to increase sales of zero-emission vehicles to 3.3 million by 2025. The policies will likely lead to an increase in state-level subsidies and other financial incentives for electric vehicles and electric vehicle infrastructure. Overview On October 24, the governors of eight states, including California, Connecticut, New York, Massachusetts,…...