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President’s Budget for FY 2013 boosts discretionary funds for DOE, cuts fossil fuel subsidies

Green Car Congress

The President’s Budget for FY 2013 provides $27.2 Total outlays for FY 2013 are estimated to be $34,963 billion, compared to the estimated $40,561 billion in outlays for FY 2012. priorities in clean energy and advanced manufacturing, through grants, financing assistance, and tax incentives that accelerate fundamental.

2013 261
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Summary of decisions from Durban climate conference

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Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. Governments, including 35 industrialized countries, also agreed to a second commitment period of the Kyoto Protocol—due to expire next year— from 1 January 2013. as possible, but not later than 2015.

Climate 294
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EPA delays issuing 2014 RVO standards for RFS until sometime in 2015

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Because of the delay in issuing the 2014 RFS standards, EPA is moving the compliance demonstration deadline for the 2013 RFS standards to 2015. Accordingly, in the November 2013 notice, EPA proposed a total renewable fuel target of 15.21 billion gallons; the final 2013 overall volumes and standards required 16.55 Background.

2014 225
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Avis Budget group to acquire car-sharing company Zipcar in cash deal for approximately $500 million

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The transaction is subject to approval by Zipcar shareholders and other customary closing conditions, and is expected to be completed in the spring of 2013. Citigroup is acting as financial advisor, and Kirkland & Ellis LLP is acting as legal counsel, to Avis Budget Group. Source: Avis Budget. Click to enlarge.

Companies 218
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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

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However, current cash is anticipated to be sufficient for expected operations during the Chapter 11 proceeding, and therefore the Company is not expected to require third-party debtor-in-possession financing. million in outstanding 3% Convertible Senior Notes due 2013. Sale of United Solar.

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

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Navigant suggests that, since the automakers have already designed the vehicles that they will be selling in 2018, they will become more vocal in 2014 to push for changes; the firm expects the dispute to escalate, perhaps resulting in legal action. Tesla Motors will have a bumpy year. Earlier post.).

2014 346
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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

Green Car Congress

Power 2013 Sales Satisfaction Index (SSI) study data on customer satisfaction with new car dealerships and Tesla stores. These expose dealers to legal liability for misstatements or for communicating misleading information to customers. They also analyzed national and state-level J.D. Other incentive-related uncertainties abound.

Davis 290