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March 9, 2020
GM Moves to Lead U.S. Investment in EVs
Source: The Verge
GM shot from third to first in terms of commitment to transportation electrification from automakers in the United States after revealing their new EV strategy last week. On March 4, 2020, the automaker pledged $20 billion to company-wide electrification through 2025 with 20 new EV models expected by the end of 2023. This more than doubles earlier commitments to invest $8 billion in transportation electrification and gives GM the edge on Ford, which has committed more than $10.5 billion. While GM now leads American autos in terms of publicly announced investments, Tesla can claim more than half of yearly EV sales.

Automakers and charging service providers are betting heavily on a growing global EV market and have pledged more than $374 billion to electrify the auto industry over the next 10 years. More than 85 percent of this is expected to fall outside of the United States with China and Germany accounting for the lion’s share of investment.

Of the $53.5 billion planned to finance EV and EV charging production in the United States, American companies account for roughly 78 percent. These companies are also pledging a total of $53 billion in global transportation electrification investment, at least 34 percent of which falls in foreign countries. GM has not indicated how much of their EV investment is destined for foreign markets, and their new announcement would increase the value of domestic investment from American companies by 40 percent if it all falls in the United States.

GM’s announcement comes as the company is facing pressure from electrification advocates for working closely with the Trump administration on emissions regulations. They are not alone and have been joined by Fiat-Chrysler and Toyota in support of the administration’s regulatory rollback. Conversely, Ford has joined Volkswagen, BMW, and Honda in support of California’s efforts to maintain tougher standards. Tesla leads a separate group of manufacturers which have aligned in support of California’s actions.

Divisions in the regulatory landscape could complicate the rollout of electrification strategies and deepen inequalities in regional EV markets. A mixed market does not send strong signals to investors on Wall Street or foreign companies like Volkswagen and Daimler who have committed to investing in EV battery production facilities in the United States. Before the coronavirus-induced market crash, Tesla shocked investors as stock prices soared more than 114 percent in the first several weeks of 2020. GM’s stock prices increased by only 3.3 percent following their new EV commitment, providing some evidence that investors are still uncertain how the move to an electric future will affect the company’s bottom line.

It is still to be seen whether U.S. EV sales can recover in 2020 following the nine percent annual decline in 2019. GM’s new EV strategy prioritizes delivering their flagship all-electric pickup outlined in a $3 billion investment commitment announced in January. GM will face tough competition as an armada of automakers big and small are vying for the top spots in the as of yet untapped electric pickup market. Early offerings are not expected to hit the market until 2021 and the size of this market is yet to be determined, even as Tesla has reported hundreds of thousands of preorders for its futuristic Cybertruck. As automakers have moved to quarterly EV sales reporting, market trends in 2020 remain unclear. Stay tuned as we update our National EV Sales Dashboard at the end of the month.
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See Our Report on Truck Fleet Electrification 

The transportation sector is now the largest source of greenhouse gas emissions in the United States and medium- and heavy-duty vehicles account for a disproportionate share of those emissions. The Retail Industry Leaders Association (RILA) has partnered with the Center for Climate and Energy Solutions (C2ES), David Gardiner and Associates (DGA), and Atlas Public Policy to explore the landscape and outlook for electric trucks for freight movement.

This report includes an independent total cost of ownership analysis for electric trucks to help retailer shippers better understand options available to them, or to their transportation providers. The results of this analysis indicate that medium- and heavy-duty EVs are cost competitive in some use cases under current market conditions and the most important factors are the cost of charging and availability of upfront vehicle incentives.

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NYSERDA Adds $5 million to the Charge Ready NY Program

The New York State Energy Research and Development Authority (NYSERDA) has added $5 million to the Charge Ready NY program which offers $4,000 rebates to public and private organizations that install Level 2 EV charging stations at public parking facilities, workplaces, and multifamily apartment buildings. This announcement brings the program’s total budget to $12 million. Since launching in September 2018, the program has supported more than 1,800 charging ports, of which over 1,000 have already been installed. Read More Here

National Grid and Oregon DOT Seeking Vendors for EV Charging Programs

In Massachusetts, the electric utility National Grid in Massachusetts has issued an RFI in order to execute residential off-peak charging rebate program. The survey seeks vendors that could provide charging data from varying technologies. The Off-Peak Rebate will pay customers a fixed per-kWh rate for charging their EV during the hours of 9 p.m. to 1 p.m. Monday through Friday. The survey will be open until February 28th and an RFP will be issued afterwards. 

In Oregon, the Department of Transportation is hosting a pre-proposal webinar to provide an overview of a new funding opportunity. Public agencies in the state are providing funding to upgrade and enhance Oregon’s network of 44 charging stations available as a part of the West Coast Electric Highway Initiative with new, dual-protocol, DC fast charging capability. The upgrades will allow fast charging using CHAdeMO or CCS connectors at each of the 44 sites. The pre-proposal webinar will be held on April 20th at 10:30 a.m. PST. Read More Here

2020 Federal Low or No Emission Program Funding Available

On January 17, 2020, the Federal Transit Adminsitration (FTA) announced the opening of the 2020 Low or No Emission (Low-No) Program. Under this cycle. approximately $130 million will be available for transit agencies in all states to go towards the purchase or lease of low or no emission vehicles as well as related equipment or facilities.

The main purpose of the Low-No Program is to support the transition of the nation’s transit fleet to the lowest polluting and most energy efficient transit vehicles. The Low-No Program provides funding to State and local governmental authorities for the purchase or lease of zero-emission and low-emission transit buses, including acquisition, construction, and leasing of required supporting facilities. Since 2015, the Low-No Program has awarded almost $350 million for ZEV transit buses and supporting equipment. This year’s allocation will be the largest amount of yearly funding to date. Proposals are due by March 17, 2020. Read More Here

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Below are current job openings in transportation electrification: If you have a job posting you would like to share with EV Hub users, please send them to us in an email at info@atlasevhub.com.
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The fourth Annual 3 Revolutions Policy Conference has a cross-cutting theme of Climate and Equity. Key issues include data sharing, micromobility adoption, automated vehicle governance, ridehailing emission policy, and the evolution of public transit. The conference will tackle these challenges, and more, by highlighting strategies and innovative solutions. This year’s conference will engage voices from a diverse set of stakeholders, including members of disadvantaged communities, commercial drivers, land-use experts, energy utilities, tech companies, and elected officials. Read More Here.

March 24-25th @ UC Davis in Davis, CA 

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