Amid an expanding market, new policies and regulations, and frequent announcements of public and private investments, the transportation electrification space is in constant motion. We’re always adding new data and tools to EV Hub to enhance the user experience and track these dynamic issues. As part of this effort, we’re rolling out a new [...]
After a slow start to the year where first quarter growth slowed to 11 percent, the U.S. EV market posted stronger growth in May. EV sales were 16 percent higher than this time a year ago. This is double the year-over-year (YOY) growth seen in April, and the strongest since January. The new Audi E-tron enjoyed an [...]
Colorado took its EV leadership to the next level last week, enacting seven new bills that encourage clean energy and four that address clean transportation goals. The new laws require electric utilities to account for the social cost of carbon and take action to reduce emissions in order to accelerate the transition to 100 percent renewable [...]
Three years following the finalization of the settlement agreement, less than 10 percent of the roughly $2.5 billion total in state mitigation funds has been awarded, according to the EV Hub VW Settlement Funding Awards dashboard. The story is mostly positive for transportation electrification with 42 percent of total funds awarded going to EV charging and electric [...]
At the beginning of 2019, Reuters estimated that automakers had invested more than $300 billion in electrification. The EV Hub is now tracking this information, and our new Global Private Investment Dashboard has recorded almost $350 billion in total EV investment across the globe. This data confirms China’s dominance in the market with almost 40 percent of investments recorded from [...]
EV fees have been a focus in state legislatures around the country in 2019 and new legislation in Illinois proposes the highest EV fee yet. The $1,000 annual registration fee for all-electric vehicles would be a significant increase from the state’s current reduced annual registration fee for EVs of $17.50. It would also far exceed [...]
Slowing national EV sales and regulatory uncertainty have dominated the start of 2019. With the Trump administration advancing plans to weaken Obama-era emissions regulations, states like California are charting their own course and maintain tougher standards. As federal policy wavers, utilities continue to invest in expanding the charging network with more than $98 million of [...]
On April 24, Ford announced plans to invest $500 million in Rivian. The investment is a validation of the Michigan-based startup’s approach to EV design and a needed cash infusion as they plan to begin commercial production of their flagship pickup and SUV models by the end of next year. The Ford investment follows a $700 million [...]
Proterra plans to invest over $200 million to expand their battery leasing program. First piloted in Park City, Utah in 2017, the program reduces the upfront cost to bring electric transit bus prices closer to diesel and natural gas alternatives. The American electric bus manufacturer is partnering with Japanese investment firm Mitsui to expand the program and [...]
Progress towards rolling back Obama-era fuel economy standards has generated uncertainty across the auto industry. Issued in 2012, the standards require an increase in overall fuel efficiency for light-duty vehicles to around 50 mpg by model year 2025. A rollback would freeze progress, lowering the requirement to 37 mpg. California has already indicated it intends to stand by the tougher [...]
