article thumbnail

The US Needs 20 Times More EV Charging Stations by 2030… Or Else

Blink Charging

To facilitate this goal, the federal government’s Bipartisan Infrastructure Law (BIL) , also referred to as the Infrastructure Investment and Jobs Act (IIJA), provides $7.5 The Alternative Fuel Infrastructure Tax Credit provides eligible businesses with a tax credit up to 30% of the cost of equipment.

article thumbnail

California Air Resources Board releases proposed Advanced Clean Car package: LEV III, GHG and ZEV rules to transform the California fleet; ZEVs and TZEVs to be 15+% of new vehicle sales by 2025

Green Car Congress

When fully implemented, annual fuel costs to operate a car will be reduced by an average of 25%, with an overall cumulative savings of $22 billion by 2025, according to ARB calculations. This will reduce the monthly cost of a new car by $12, even when considering the higher cost of the loan or lease.

article thumbnail

National Research Council Report Recommends Setting a US Carbon Budget Through 2050; Concludes Known Technologies Not Sufficient to Meet Budget Goals

Green Car Congress

The exact value of the reference budget is uncertain, but regardless, illustrates a clear need for a major departure from business-as-usual. These opportunities can be realized at a relatively low marginal cost, thus leading to an overall lowering of the cost of meeting the 2050 emissions budget. Source: NRC. Click to enlarge.