• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 18 hours Could Venezuela become a net oil importer?
  • 10 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 21 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 3 hours Oil prices going Up? NO!
  • 18 hours Gazprom Exports to EU Hit Record
  • 19 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 17 hours Could oil demand collapse rapidly? Yup, sure could.
  • 11 hours Oil prices going down
  • 21 hours Why is permian oil "locked in" when refineries abound?
  • 17 hours Oil Buyers Club
  • 21 hours EVs Could Help Coal Demand
  • 9 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 1 day China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 1 day Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 4 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 15 hours Saudi Arabia turns to solar
Global Energy Consumption Soars To New Heights

Global Energy Consumption Soars To New Heights

The new BP Statistical Review…

The Next Stage In Perovskite Solar Development

The Next Stage In Perovskite Solar Development

Perovskite photovoltaic cells have long…

California’s Electric Car Law Binge Promotes Market

California passes six new laws to support electric and low-carbon car drivers and boost the electric vehicle market, making the state the definitive front-runner in this “clean” sector.

Six laws and a dozen other regulations have been passed recently, representing a more than $2 billion financial commitment to clean transportation—more than any other state to date.

The new laws and regulations address various issues, from extending existing sticker programs that allow vehicles meeting certain low-emission standards to guaranteeing access to carpool lanes to making it easier for drivers to use charging stations.

Related article: GM Seeks to Burst Tesla’s Bubble

California’s efforts to lead a surge in the number of electric vehicles on the road also include an executive order that sets a target of 1.5 million zero-emission vehicles in the state by 2025, in comparison to the 28 million cars and trucks already licensed to use the roads in the state.

The wider adoption of electric vehicles has been severely sidetracked by several road blocks, including high sticker prices, expensive batteries, and a limited number of charging stations. The new regulations minimize these costs, among other things, by extending the validation of carpool lane stickers validation to 2019.

At the same time, the state is laying the groundwork to include charging platforms in the parking areas of apartment houses and commercial buildings.

In the meantime, everyone is eyeing the electric car battery market at a time when batteries are going for about $12,000 a piece, but with analysts predicting a 50% price reduction within the next seven years.

Related article: Charging Electric Cars from Old Pay Phones

Elsewhere—both in the US and Europe--authorities are also passing or considering new regulations to boost the EV market.  

The British government has given the EV sector a major nod of approval by allowing drivers and car insurance policy holders who buy an electric vehicle to drive tax-free until 2020.

Tax concessions are a cornerstone of the government’s goal of rendering the internal combustion engine irrelevant by 2050. Currently, in addition to a free tax disc, drivers are also offered a $8,000 grant towards an electric car.

Drivers of company EVs are also offered considerable concessions and these are likely to remain in place until the end of the decade.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News