Energy Exchange

New California law will make it easier to finance electric trucks, buses

By Michael Colvin and Lauren Navarro

Gov. Newsom signed a new law today that will help accelerate the much-needed transition to electric trucks and buses. In addition to transforming the California market and cleaning up the state’s air, this law can serve as a national model for other states interested in accelerating the adoption of clean trucks and buses.

The new law, Senate Bill 372, directs the California Air Resources Board and the state treasurer’s office to offer a suite of financial incentives to help owners of medium- and heavy-duty trucks and buses pay for the costs of replacing their diesel-fueled fleets with cleaner, zero-emission alternatives. Examples include a loan loss reserve, credit enhancements, performance warranties and sale guarantees.

What is particularly innovative about this new law is that it uses the public dollar to attract private capital in ways that traditional rebates do not. Research indicates that this leverage will be critical to getting clean trucks and buses on the road at scale.

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Posted in Air Quality, California, Electric Vehicles / Language: / Comments are closed

A new way to track truck pollution

By Timothy O’Connor and Aileen Nowlan

SunPower, a solar power and energy services provider, is starting to ship solar panels in electric heavy-duty trucks powered by — you guessed it — solar energy. The question that communities and investors are starting to ask is, why isn’t everybody?

How long can a company go without a plan to end goods transport powered by fossil fuels, and what are the health and climate consequences of the status quo?

Despite making up only about 4% of the vehicles on the road, diesel trucks are responsible for over half the smog-forming pollution from the transportation sector and a quarter of the climate emissions. This pollution is projected to grow, as demand for freight moved by trucks is on track to increase about 25% by 2030.

The local impact of this pollution is significant. Recent studies in places such as Oakland, California and Houston — two regions with large port operations and associated goods movement equipment located in or near environmental justice communities — have proven that diesel truck pollution leads to increases in childhood asthma rates and lower life expectancies in frontline communities.

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Posted in Air Quality, California, Electric Vehicles, Texas / Language: / Comments are closed

OGMP reporting framework offers investors a clear and credible standard to understand and track oil and gas methane emissions

By Andrew Baxter

Thanks to a decade of groundbreaking research, methane emissions from oil and gas operations have advanced from a relative afterthought among climate pollutants to an A-list issue in the global climate conversation, as well a widely acknowledged reputational, regulatory and financial liability for the industry.

Major investors are demanding responsible methane action from oil and gas companies. But assessing progress is challenging because of an overall lack of reliable data, and the fact that standards vary widely for the methane accounting that does exist.

Traditional estimates of methane from oil and gas production have been found to underestimate emissions by 60%. In certain oil and gas basins, studies have found emission rates to be more than 10 times higher than industry figures. Despite a growing number of voluntary reduction targets, reporting methods lack standards and transparency, making it virtually impossible to draw meaningful comparisons over time or across companies.

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Bipartisan Texas law smooths the path toward a more vibrant EV market

By Daniela de Souza

On September 1, a bill that helps businesses build a better, brighter future for electric vehicles in Texas will become state law.

SB 1202, makes it possible for companies or individuals that own or operate equipment used solely for electric vehicle charging services to avoid being regulated as electric utilities or electric retail providers.

The Texas Utilities Code requires electric utilities to provide continuous and reliable electricity service on a non-discriminatory and transparent basis. In a January 2021 report to the Texas Legislature, the Public Utility Commission of Texas explained that these safeguards protect customers at their homes and businesses, where uninterrupted electric service preserves lives and livelihoods.

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EDF analysis finds American fleets are embracing electric trucks

By Jason Mathers and Ellen Bell

Truck fleets across the country are enthusiastically embracing the emergence of electric medium- and heavy-duty trucks. This is the main finding of a new EDF analysis of public announcements and known deployments of leading fleets. EDF found nearly 500 existing electric deployments and pledges to deploy nearly 300 times more vehicles as additional models become available.

The analysis, which will be updated periodically to reflect new announcements and pledges, is available via a sortable Google Sheet.

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Posted in Air Quality, Electric Vehicles / Language: / Comments are closed

IKEA tests new model for accelerating electric delivery

By Harold Rickenbacker

Consumer preference for at-home delivery is on the rise, and with it, the need for more trucks on the road. Transportation is now the leading source of greenhouse gas emissions, and trucks — though making up only less than 5% of vehicles on the road — are responsible for over half of smog pollution. And yet, corporate progress on zero-emission shipping remains slow.

Electric Vehicle Sponsorship Models are a new, innovative opportunity that companies can use today to hit their climate goals. Through this mechanism, companies can ensure their items ship on EVs, even when they don’t own or manage their own delivery vehicles.

This past spring, IKEA piloted a first-ever sponsorship model to meet its goal of 100% zero emission home deliveries by 2025. Today, a fleet of 25 electric vehicles carrying IKEA products are servicing all five boroughs of the New York City market.

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Posted in Air Quality, Electric Vehicles, New Jersey, New York / Language: / Comments are closed