If you’re a Californian, this Thanksgiving season brought a lot to be thankful for, notwithstanding both the Rams and Chargers getting shellacked on the road nor the average 24% price increase of frozen turkeys. No, rather we’re referring to the three-year $1.4 billion funding initiative that was quietly approved by the California Energy Commission the week before the feast-filled holiday kicked off. The goal? Close the Golden State’s 2025 infrastructure funding gap and speed up the push toward Governor Newsom’s plan for a zero-emission “autopia.”
Tag Archive: infrastructure
Rarely has the progress of a fledgling new industry been so predicated upon passage of legislation as was the clean energy transportation sector with the $1.2 trillion once-in-a-lifetime infrastructure bill that Joe Biden signed into law on Monday. In addition to money for roads, bridges, ports, public transit – you know, all the usual stuff – the Build Back Better bill provides bold new incentives for drivers to go electric, including a $7,500 tax credit for EV buyers through 2026. Cars costing $50,000 or less and trucks, vans and SUVs costing $80,000 or less will qualify.
President Biden finally held his first official press conference last Thursday, March 25th, wherein he addressed his $2.2 trillion infrastructure bill, albeit from a high level that was light on details. What we do know is that the legislation will include $174 billion dedicated specifically to incentivizing EV manufacturing, the building of charging networks, tax credits for EV purchasers, and the development of alternative fuel technologies. The goal, Biden says, is to have a minimum of 500,000 EV charging stations installed across the country by 2030. While the cause is noble, CNBC reporter Michael Wayland notes that government support alone may be insufficient to build the infrastructure necessary to spur such an electric revolution, especially in less than a decade.... Read More
It can sometimes be difficult to wade through the flurry of sustainable energy bills being proposed in Congress. Several of them are in various stages of the legislative process at any one time, and many never make it out of committee. However, the recently announced Build GREEN Act seems destined for the President’s desk at some point soon, as it comes during a time when crumbling infrastructure and the need to create jobs has become a priority for the current administration. It also has the backing of five powerful progressives in Congress – Senators Elizabeth Warren (D-MA) and Ed Markey (D-MA) along with House Reps Alexandria Ocasio-Cortez (D-NY), Rashida Tlaib (D-MI) and Andrew Levin (D-MI). What is the Build GREEN... Read More