article thumbnail

Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

Green Car Congress

Bloomberg New Energy Finance estimates battery cost will decline by almost 10% until 2025, when ZEVs will reach price parity with ICE vehicles. Public Policy: National governments including China, the UK, France, the Netherlands and India have stated the intention to phase out the internal combustion engine.

article thumbnail

Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

The Department of Agriculture’s Rural Utilities Service will finalize a proposed update to its Energy Efficiency and Conservation Loan Program to provide up to $250 million for rural utilities to finance efficiency investments by businesses and homeowners across rural America.

Obama 249