SHENZHEN, China: A year ago, when D.C. Metro officials unveiled 14 electric buses — a purchase that made the capital one of the largest electric-fleet operators in the United States — this southern Chinese metropolis was already in the middle of a full-blown electric revolution. Today, more than 16,000 buses and 12,000 taxis whir along […]
Govt tells EV makers to localize manufacturing to qualify for subsidies
Despite the scheme’s accent on localization, the guidelines allow imports of key battery parts to manage costs All electric vehicle and hybrid manufacturers must localize manufacturing of wheel rims integrated with hub motor from 1 October 2019 Control units, chargers and AC units are among a slew of components that electric and hybrid vehicle manufacturers […]
China says to cut subsidies for some solar power generation from July 1
For distributed solar plants that generate power mostly for consumption by targeted industries and commercial users, the subsidy level will be lowered to 0.10 yuan ($0.0148) per kilowatt hour (kWh), the state planner said BEIJING: * China will cut subsidies to some of newly installed solar power generators from July 1, the National Development and […]
Sluggish Uptake From Renewables Sector as Clock Ticks on US ‘Opportunity Zones’
Only 11 funds focused on renewable energy have been established to take advantage of “money fire hose” from the Opportunity Zones incentive program. The clock is ticking for renewables developers to grab a bonus handed out in the Trump administration’s 2017 tax reform, celebrated by the Treasury this week. The Tax Cuts and Jobs Act […]
‘Obvious benefits’ of ITC for energy storage could even meet Trump’s energy resiliency aims
A push to establish an Investment Tax Credit (ITC) for energy storage has not only been welcomed by clean energy advocates and the industry, but might also meet the some stated aims of the Trump administration’s energy policies, an analyst has said. Michael Doyle, a Democrat, has proposed in the US House of Representatives the […]
Total Global EV Sales to Hit 4 Million This Week
Adding the next million electric vehicles will take just over six months, according to Bloomberg NEF. Buckle up. Electric vehicle sales are shifting into high gear. Cumulative passenger EV sales worldwide are set to hit 4 million this week, according to Bloomberg New Energy Finance. The next million EV mark could be reached slightly later if Tesla […]