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Electric vehicles are an important part of meeting climate change action goals in addition to their potential to clean up air pollution, yet Americans have traditionally been apprehensive about purchasing them. That is until now. As Ben Geman wrote for Axios this week, “Even as gasoline-powered sales return from the pandemic, cars with plugs are going faster, albeit from a much smaller base.”
By The Numbers:
Over 181,000 fully electric vehicles were sold worldwide in February, which is up 138% compared to February 2020, per Morgan Stanley and data partner EV-Volumes. And January’s numbers were even higher.
Several major automakers saw increases, including Ford, thanks to the initial deliveries of its new Mustang Mach-E.
Ford said in a separate release that it sold 6,614 in the U.S. despite what amounts to a cameo on dealer lots so far.
Why This Matters: Americans need a nudge to get over range anxiety as well as a financial incentive to purchase EVs. The Biden administration is attuned to these issues and in its $174 billion proposal to boost electric vehicles calls for $100 billion in new consumer rebates and $15 billion to build 500,000 new electric vehicle charging stations, Reuters reported. Automakers predict that half the cars sold in the U.S. by 2030 will be electric, and the Biden administration is throwing its weight behind this vision.
By Amy Lupica, ODP Daily Editor A new report has found that since the 2015 signing of the Paris agreement, more than 75% of the world’s planned coal plant projects have been scrapped, and 44 countries have no future coal plans whatsoever. The report’s authors hope this trend will continue as the COP26 conference in […]
By Amy Lupica, ODP Daily Editor The House Ways and Means Committee has released their portion of the reconciliation for the Democrats’ $3.5 trillion spending package. The plan follows through on many promises made by the Biden administration, including clean energy tax credits and credits for electric vehicle owners. The plan, announced on the heels […]
By Amy Lupica, ODP Daily Editor On Tuesday, the Biden administration announced that it would “revise” regulations regarding renewable energy on public lands, a move that may ease the development of solar and wind projects. The Bureau of Land Management (BLM) said that it would be seeking input for a new proposal, which it plans to issue early next year. […]
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