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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

And magically, as more electricity comes from lower-carbon fuel sources, our cars will get cleaner as they get older! Retrofitters can partner with energy service companies to finance those costs, backed by federal loan guarantees. We’ll add targeted incentives to jump-start this successor to the $4,500 “Cash for Clunkers” program.

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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Furthermore, a BCG report from earlier this year even predicted EV sales to overtake internal combustion engine (ICE) car sales by 2030. Additionally, the European Investment Bank has doubled down on its commitment to the European EV battery industry to boost green recovery, committing more than €1B to financings in 2020.

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