Please invest in Our Daily Planet today, by making a one time or monthly contribution.
We do not charge our readers a subscription fee for our content. We want to continue to grow our readership, particularly among millennials and public servants. Voluntary contributions from readers will help us employ interns and freelance journalists, expand our content, and reach a larger audience.
Why This Matters: Electric vehicles are a rapidly growing market, with many competitors. Wood Mackenzie, an energy research and consulting firm, suggests that electric vehicles will make up 18 percent of new car sales by 2030, and many companies are fighting to get a slice of this market. In total, U.S. automakers have committed $65 billion to the EV race.
The luxury EV market is particularly competitive. Lincoln’s EV targets fall short of its largest American rival, Cadillac. The General Motors luxury brand has plans to offer only EVs by 2030. Neither Lincoln nor Cadillac offers a fully electric vehicle in their current lineups as they attempt to catch up to EV leader Tesla.
Ramping Up EV Production: President Biden has included $174 billion in his American Jobs plan to help spur the uptake of EVs, including $100 billion in new EV rebates and a goal to install 500,000 charging stations. Meanwhile, at the end of May, a Senate committee greenlit legislation that would increase tax credits to as much as $12,500 for EVs assembled by union workers in the United States.
These incentives have pushed GM to take action on increasing EV production in the U.S.GM promised to debut two new U.S. battery plants, each costing over $2 billion, though it’s still unclear where those plants will be. GM Chief Executive Mary Barra plans to meet on Wednesday with U.S. House Speaker Nancy Pelosi and other key Democrats to discuss EVs and vehicle emissions, as well, according to Reuters.
Researchers recently conducted an analysis of how trying to meet the Paris Agreement targets would affect energy jobs in 50 countries. They found that action to reach the targets would increase net jobs by about 8 million by 2050, primarily due to gains in the solar and wind industries. Why This Matters: An estimated 18 […]
After years of devastating fire seasons, California utility Pacific Gas and Electric (PG&E) announced that it aims to move about 10,000 miles of power lines underground to avoid accidental sparks. Why This Matters: Wildfires have continued to become increasingly catastrophic as a result of climate change. Last year’s wildfire season broke records— NIFC reported that […]
by Natasha Lasky, ODP Staff Writer For years there’s been a false narrative perpetuated by special interest groups that electric vehicles actually produce more greenhouse gases than the average internal combustion vehicle. However, a new study shows that this is not true — over the entirety of its life cycle, an EV will release fewer […]
Our Daily Planet is your daily dose of the stories shaping our world and the ways that you can take action. From the climate crisis to the protection of biodiversity, if these issues matter to you then please subscribe & stay informed!
Your privacy is Important! We promise never to use your email address to send you spam or advertisements.