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Electric vehicles in California got a major boost on Monday when EV infrastructure company EVgo announced a deal with Chevron to install fast chargers at select gas stations in California. Forbes Magazine recently reported that homes that are located close to electric-vehicle charging stations, according to a new analysis by realtor.com, sell at a premium — 1.5 times higher than their surrounding metro areas and 2.6 times higher than the rest of the country.
An EVgo fast charger provides about 90 miles of range in 30 minutes, which makes gas stations a good place to site them, particularly for highway travelers, because they offer food and bathrooms that customers can use while their vehicle charges up.
EVgo is the largest public fast-charging network, and it already has 1,000 chargers in 34 states offering 50 kW or greater service at a cost of $1.50/hr or $7.99/month.
Why This Matters: Pollution from cars, trucks, and busses is a huge source of carbon emissions. Dual purposing traditional gasoline “filling” stations with EV charging stations seems like a no-brainer given that they are in convenient locations for auto users. And since buses provide more mass transit trips than light rail or other transit sources in the U.S. but are also facing declining ridership, it is important to implement policies that will help to make electric buses the backbone of the U.S. mass transit system. And it is clear from the realtor study that the public values having access to EV charging stations, so let’s get on with building more.
Investment in electric vehicles and their components and infrastructure continue to grow in spite of the pandemic and economic downturn, not to mention the infancy of the market.According to MarketWatch.com, there is “sky high” investor interest in clean energy and electric vehicle companies.
President Trump trumpeted his trade deal with China, but so far it has been a bust, according to The Wall Street Journal — the Chinese have not purchased nearly the amount of energy (in terms of total dollars) as they promised — only $2B in oil and gas purchases against a commitment of $25B for this year.
A federal judge in Washington, DC ruled yesterday that the Dakota Access Pipeline must shut down and empty all its oil until the government completes an environmental review of the pipeline’s impacts, giving the Standing Rock Sioux Tribe, whose reservation lies downstream, a huge victory. Similarly, late in the day, the Supreme Court refused to overturn the order of a district judge that shut down construction of parts of the Keystone XL pipeline so it is also blocked for now.
Why It Matters: The Dakota and Keystone XL news is greatly tempered by the fact that numerous other pipeline projects can go ahead despite their inadequate permit unless they are individually challenged in court and blocked.
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