article thumbnail

California Governor Schwarzenegger Announces 244 Proposed Renewable Energy Projects Throughout State; Up to 69,925 MW of Capacity

Green Car Congress

These proposed projects throughout the state include solar, wind, geothermal, biomass and small hydro facilities and will help move California towards achieving the renewable energy goal of 33% by 2020. Currently California facilities produce just more than 8,000 MW of renewable energy annually.

Renewable 264
article thumbnail

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

Deutsche Bank’s China Auto analyst, Vincent Ha, continues to see robust light vehicle sales over the next few years, with a slow to about 11% YoY growth in 2011 (due to a high base from the 2010 surge, and reductions in government stimulus), followed by sustainable low double digit growth in 2012. He also believes that sub-1.6L

article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Is tax equity dead? Cap and Trade Disappointment.

Financing 150
article thumbnail

This is How the COVID-19 Pandemic Affect The Global EV Market

Get Electric Vehicle

One of the key drivers driving the market’s growth is favorable government policies and funding in the form of incentives and grants, tax rebates, and other non-financial advantages such as carpool lane access. billion in April 2020 to subsidise the installation of charging stations. #3. Government policies and regulations.

Market 52
article thumbnail

Boston-Power to supply Li-ion battery systems to Beijing Electric Vehicle Company for EVs, starting with Saab 9-5 based C70

Green Car Congress

The central government is targeting the production of 500,000 plug-in hybrid and electric vehicles by 2015, with output to grow to 2 million units of those types by 2020. China is targeting the cumulative production and sales of more than 5 million new energy vehicles, including fuel cell vehicles, by that time as well. Earlier post.).

Boston 265
article thumbnail

Honda May Develop Plug-In as Obama Alters U.S. Policy (Update2) - Bloomberg.com

Tony Karrer Delicious EVdriven

Tax Credits Instead, Obama backed tax credits of as much as $7,500 inthe stimulus package approved in February for buyers of plug-incars. are also developingfuel-cell cars, those companies, as well as Honda, don’t expecthydrogen to be competitive with gasoline autos until about 2020. millionthis year from $211.9

Obama 53
article thumbnail

Major study concludes achieving EU 2050 transport decarbonization goals will require portfolio of advanced powertrains; fuel cells, battery-electric and plug-in hybrids

Green Car Congress

The study focused on a portfolio of powertrains: BEVs, FCEVs, PHEVs and ICEs, taking into account significant advances in ICE technology between now and 2020. ICEs have the potential to reduce their CO 2 footprint significantly through an average 30% improvement in energy efficiency by 2020 and the additional blending of biofuels.

Plug-in 244