GM plans to profit from its electric vehicles by 2021

Electric Vehicles - Chevrolet Car - Steering Wheel

Automaker sees significant promise in electric vehicles General Motors is placing a great deal of faith in electric vehicles. The company sees great promise for these vehicles in the future, so much so that it believes it will begin generating profit from all of its clean cars by 2021. Many automakers have been slow to embrace clean technology due to potential losses. As technology has improved, however, the potential to generate revenue from the use of batteries and fuel cells has increased. GM’s new clean vehicle has found modest success…

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Majority of electric vehicles are acquired through leasing programs

Electric Vehicles Study - Charts and Graphs

Study shows most consumers lease their clean vehicles The penetration of electric vehicles in the United States is heavily reliant on leasing, according to a new study from Bloomberg New Energy Finance. In many cases, leasing allows consumers to avoid potentially high upfront costs. In the case of vehicles equipped with fuel cells, leasing programs also grant consumers guaranteed access to the hydrogen fuel they need to power these vehicles. The study shows that the vast majority of electric vehicles and hybrids in the United States are gained through leasing…

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Sale of fuel cell vehicles is on the rise worldwide

Sale of Fuel Cell Vehicles - Image of key

Report shows that some 6,000 fuel cell vehicles will have been sold by the end of 2017 Information Trends, a leading market research company, has released a new report concerning the growing market for fuel cell vehicles. The report suggests that as many as 6,000 of these vehicles will have been sold worldwide by the end of this year. Vehicles equipped with hydrogen fuel cells have been gaining momentum throughout the year, but still remain relatively rare among consumers in many countries. These cars have found the majority of their…

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Volkswagen to help build new charging stations for clean vehicles

Volkswagen Logo - Clean Vehicles

Automaker plans to install 2,800 charging stations throughout the US by 2019 Volkswagen is preparing to help develop an infrastructure capable of supporting clean vehicles in the United States. The company recently launched its Electrify America program, through which it is investing some $2 billion to build new electric charging stations. The program was formed as part of a settlement agreement regarding the company’s emissions cheating. Volkswagen expects to help build some 2,800 electric charging stations throughout the United States by June of 2019. Most of these new charging stations…

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Hydrogen fuel cells to gain more attention from South Korea and the US

Hydrogen Fuel Support - Hyundai Vehicle

Both countries seek to expand their cooperation concerning renewable energy South Korea and the United States are currently in talks to expand their cooperation in the energy space. Government officials will be meeting together this week in order to lay out plans to decommission old nuclear power facilities as well as replacing these facilities with clean power solutions. Notably, hydrogen fuel cells may be used in place of nuclear energy. These energy systems have become quite popular in South Korea, largely due to the government’s focus on clean power. South…

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New tax bill could disrupt the renewable energy market

Renewable Energy - New US Tax Bill

Senate passes tax bill that could have a major impact on the clean power sector The U.S. Senate has passed a new tax bill that could have a major impact on renewable energy throughout the country. Over the past few years, clean power has been growing relatively rapidly in the U.S. This growth is expected to slow significantly due to the provisions of the new tax bill. One of these provisions was introduced by the Senate finance committee just before the tax bill passed. This particular provision, called Base Erosion…

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Toyota to open a new hydrogen fuel facility in California

Toyota Hydrogen Fuel - California

New facility will generate hydrogen fuel using bio-waste Japanese automaker Toyota has announced plans to build a new hydrogen fuel generation facility in California’s Port of Long Beach. Called the Tri-Gen plant, the new facility will generate water, electricity, and hydrogen. This will be accomplished through the use of bio-waste from the state’s massive agriculture sector. The new facility could have a major impact on the clean transportation sector, where fuel cell vehicles are beginning to gain momentum. Tri-Gen facility to produce 1.2 tons of hydrogen daily Once fully operational,…

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GM looks to make electric vehicles cheaper with new batteries

Electric Veghicles - GM Logo

Affordable batteries could lower the price of electric vehicles Automaker General Motors hopes to see profits from its electric vehicles largely because they are equipped with less expensive batteries. The company is currently working to develop batteries that are approximately one-third less expensive than the batteries it currently uses. These batteries are expected to be used to power the 20 new electric vehicles that GM plans to introduce by 2023. Clean vehicles are still fighting for a place in the market GM has been struggling to sell its clean vehicles…

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Automakers seek to save tax credit that benefits electric vehicles

Electric Vehicles - Electric cars charging

Clean vehicle tax credit may be in jeopardy The auto industry has mobilized in the United States to combat a proposal that would put an end to a tax credit that supports electric vehicles. Currently, the tax credit provides as much as $7,500 to those interested in purchasing plug-in electric vehicles. The tax credit applies to the first 200,000 of these vehicles that are produced by automakers. After this limit is reached, the tax credit is phased out over time. Clean vehicles may not appeal to consumers without the tax…

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New report sheds more light on climate change

Climate Change Report

Human activity is affecting global climate Government agencies in the United States have released their latest National Climate Assessment. This is the fourth heavily peer-reviewed report concerning climate change that has been released by these agencies. These agencies include NASA, the Department of Energy, the Environmental Protection Agency, and the U.S. Global Change Research Program, as well as others. The report notes that climate change is real and that human activity has made the phenomenon significantly more potent. A changing climate is having a major impact on many countries The…

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Port complex seeks to use fuel cells to power vehicles

Fuel Cells to Power Vehicles

Largest port complex will make use of hydrogen fuel cells to cut emissions The largest port complex in the United States has approved a plan to make significant cuts to emissions by adopting clean energy systems. Notably, hydrogen fuel cells have been chosen as the way to accomplish this endeavor. Through the newly adopted Clean Air Action Plan, the port complex intends to use fuel cells to reduce air pollution, eventually replacing older energy systems with clean technology. The port complex aims to accomplish this task over the next two…

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Researchers develop new material that could help set up a hydrogen society

Hydrogen Society - Hydrogen Storage

New material may pave the way for a hydrogen society Researchers from the UC Davis College of Letters and Science have overcome a major technical challenge concerning the use of hydrogen fuel. This new advancement may open up the way to establishing a hydrogen society, something that Japan has been working to achieve in recent years. The research team has developed new nanofoams that can be used to store hydrogen in an efficient manner. These nanofoams could help solve the storage problem that has faced hydrogen for many years. Hydrogen…

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Solar energy sector faces new tariff recommendations

Solar Energy Generation - Solar Panels

International Trade Commission is recommending revised tariffs The U.S. International Trade Commission has issued new recommendations concerning applying trade tariffs on imported silicon-based solar cells and panels. One of the recommendations involved imposing a licensing fee on some solar energy equipment. This particular concept was first developed by the Solar Energy Industries Association. The new recommended tariffs coming from the International Trade Commission are somewhat more modest than the tariffs the organization had considered previously. New tariffs could help domestic companies become more competitive The commission is recommending that a…

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St. Louis has new plans for renewable energy and its future

Rnewable Energy Plans - St. Louis, Missouri

City embraces new measure to aggressively adopt renewable energy The City of St. Louis, Missouri, has revealed ambitious plans concerning renewable energy. City officials have approved a measure that would require the city to be completely powered by renewable sources by 2035. The majority of this electricity is expected to come from wind and solar farms. The measure was introduced last month and won unanimous approval by the city’s legislative body. Now, St. Louis officials are tasked with developing a comprehensive renewable energy adoption plan by December 2018. Only 5%…

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Report highlights the growth of wind energy in the United States

Wind Energy - Graph

New report shows that more than 29,000 MW of wind energy capacity is being developed The American Wind Energy Association has released a new report that highlights the progress of wind projects throughout the United States. According to the report, approximately 29,634 megawatts of wind energy capacity is currently in development throughout the country. This is a 27% increase over the projects that were in development last year. Once completed, these projects will provide approximately 10% of the country’s electricity and provide significant economic growth. New wind projects are expected…

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New offshore wind energy system to be developed off the coast of Long Island

Offshore Wind Energy - Wind Turbines and ocean

Statoil is bringing a new offshore wind energy project to the US A new wind farm is taking form off the coast of Long Island. The new wind farm is being developed by Statoil, a Norwegian company that specializes in the development of wind power. The new project is called Empire Wind and it represents the latest offshore wind energy project to come to the United States. Statoil successfully bid on some 79,000 acres of ocean where the new wind farm will take form. The company reportedly bid $42.5 million…

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