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DOE announces $14M to optimize production of affordable biofuels and biochemicals

Green Car Congress

The Department of Energy announced $14 million in funding ( DE-FOA-0002946 ) to support and to optimize the production of affordable biofuels and biochemicals while significantly reducing carbon emissions. R&D on microbial conversion of renewable resources into chemical products, with an emphasis on processes with commercialization potential.

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ExxonMobil makes three new discoveries offshore Guyana; increases Stabroek resource estimate to nearly 11B barrels

Green Car Congress

ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. Earlier post.). The three discoveries are southeast of the Liza and Payara developments and bring to five the discoveries made by ExxonMobil in Guyana in 2022.

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Nissan and Toyota EV tax credit, Stellantis-LG battery plant, cobalt and EV affordability: Today’s Car News

Green Car Reports

decisions over resource control—may lead to EV-affordability issues. The parent company of Jeep, Ram, Dodge, and Chrysler teams up with LG for a battery plant in Canada. We look at how cobalt prices—and some bad U.S. Toyota and Nissan are introducing more EVs just in time for buyers to claim the full EV tax credit.

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Next 10-UC Berkeley study suggests additional tax revenue or income-based rate structure to make electricity more affordable for Californians

Green Car Congress

Income-based fixed charge: A potentially more politically feasible option could be rate reform—moving utilities to an income-based fixed charge that would allow recovery of long-term capital costs, while ensuring all those who use the system contribute to it and also keeping costs affordable for all families. —En Banc White Paper.

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Rough road for EV industry

Green Car Congress

Even Tesla, despite its substantial efforts to hold the line on affordability, has suffered from the effects of war, supply chain disruptions and the rising costs of raw materials. They are forming joint ventures with battery material manufacturers to build factories that will ensure future battery deliveries will be reliable and affordable.

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California cap-and-trade spending doubles to $1.4 billion in 2018; xEV rebates, affordable housing, wildfire prevention, public transit

Green Car Congress

An annual ' tracking the progress of California Climate Investments, released by the California Air Resources Board and the California Department of Finance, finds that nearly $1.4 billion in new funding last year went to projects across all of California’s 58 counties—almost double the $720 million spent in 2017.

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Lightyear zeroes out 0 production to focus on more affordable Lightyear 2 solar EV, following encouraging wait list registrations

Electrek

Instead, the Dutch company says it will shift all focus and resources on the development and production of its second model – the Lightyear 2. more… The post Lightyear zeroes out 0 production to focus on more affordable Lightyear 2 solar EV, following encouraging wait list registrations appeared first on Electrek.