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Fisker Lands Additional $85M for Karma Plug-in

Green Car Congress

The financing is expected to be completed this month and will be the fourth and largest investment round since the company’s inception in August 2007. liter gasoline engine runs a generator that can power the car’s electric motors for another 250 miles before refueling. After 50 miles, a 2.0 Future plans include a lower cost vehicle.

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Opinion: Alternatives to the RFS

Green Car Congress

The expansion of the RFS in 2007 goes far beyond just replacing MTBE with ethanol as the required fuel oxygenate (and avoiding lawsuits ). There’s no way to get gasoline (CI score: 95) to hit the 86 level without severe cannibalization of their gasoline business. No mandates, but blend credits. The oil industry responded.

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Tesla to deliver Electric Smart batteries

Plugs and Cars

In 2007 Tesla pulled out of an agreement with Th!nk Daimler needlessly procrastinated on bringing the gasoline Smart Car to the US. The electric Smart is eligible today for $7500 in federal tax credits. This would mean returning to a business Tesla had previously considered but abandoned.

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Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Green Car Congress

Instead of the 950 million liters required initially under the 2007 Energy Independence and Security Act, the final target will be a much smaller 25 million liters. Proposed legislation in the US Senate would cut current ethanol production subsidies while maintaining tax credits for related infrastructure such as refilling stations.

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60% of $18B in US clean energy tax credits 2006-2012 went to top 20% by income; 90% in the plug-in program

Green Car Congress

A working paper by a team at the Energy Institute at Haas, University of California, Berkeley, has found that 60% of the $18 billion in US federal income clean energy tax credits issued between 2006 and 2012—e.g., Electric Vehicle Credit. Average credit per tax return, by income level. billion (19.3%).

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National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

Green Car Congress

In 2005, Congress enacted the Renewable Fuel Standard as part of the Energy Policy Act (EPAct) and amended it in the 2007 Energy Independence and Security Act (EISA). As of 2010, biofuel production was contingent on subsidies, tax credits, the import tariff, loan guarantees, RFS2, and similar policies.

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NYC Goes EV

Revenge of the Electric Car

From the article: ‘The New York study anticipates that by 2015, electric vehicle prices should decline because of reduced battery costs, that there will be a sufficient supply of electric vehicles to purchase, and that consumers will take advantage of the existing federal tax credit of $7,500 for new electric cars. If by 2015, 2.5