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Forth and Mobility Development partner to launch national EV carsharing program; affordable model for underserved communities

Green Car Congress

Forth and Mobility Development Group are creating a national partnership to launch the Affordable Mobility Platform (AMP), which will establish electric vehicle (EV) carsharing based at affordable housing sites in at least five states over the next two years. —Creighton Randall, CEO of Mobility Development.

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IRENA report says tripling renewables investment required to reach 2050 climate goal

Green Car Congress

Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8

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Tesla Semi will be incredibly affordable with US’ revamped EV tax credit

Teslarati

That’s higher than the cost of a comparable diesel-powered Class 8 truck, so the Tesla Semi would have to be very compelling to convince drivers and fleet owners to make the switch to electric. With the Inflation Reduction Act of 2022’s $40,000 incentive, the Tesla Semi would be more than affordable in states like California.

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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

What Californians pay is much higher than the true marginal cost of using electricity. This puts an unnecessary cost burden on low- and middle-income households as we transition to using clean electricity. En Banc White Paper (Utility Costs and Affordability of the Grid of the Future, Feb. —En Banc White Paper.

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Why EVs Aren't a Climate Change Panacea

Cars That Think

“Electric cars will not save the climate. According to Birol, “IEA analysis shows that about half the reductions to get to net zero emissions in 2050 will need to come from technologies that are not yet ready for market.” The cost of doing each is daunting, and the total cost goes up as you concatenate them.”

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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

Green Car Congress

The report underlines concerns about the stability of global energy markets in the wake of the COVID-19 pandemic and follows a decision by several countries including the United States, Japan and India to release strategic petroleum reserves to cool prices. —Joseph McMonigle, secretary general, IEF.

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Lyft commits to 100% EVs by 2030

Green Car Congress

Percent of total miles completed on the Lyft platform in EVs and business-as-usual projection for California, the US leader in EV market share. Although the upfront cost of EVs today is higher than gas-powered cars, EVs have lower fuel and maintenance costs that mean lower costs for drivers over the life of the vehicle.

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