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Governors' Wind Energy Coalition

January 6, 2022

Top Story

N.Y. governor backs nation’s first statewide gas ban

By David Iaconangelo, E&E News  •    •  Posted 2022-01-06 16:37:33

New York’s Democratic governor announced her backing yesterday for what would be the nation’s first statewide gas ban for new buildings, adding fuel to a simmering national battle. Gov. Kathy Hochul’s support for a gas ban came through a 2022 policy blueprint released before her first State of the State address. Hochul took the reins from former Gov. Andrew Cuomo (D) in November after he resigned amid allegations of sexual harassment. [ read more … ]

Solar Energy

Shell-backed U.S. solar developer raises $775 million in equity

By Nichola Groom, Reuters  •    •  Posted 2022-01-06 16:38:59

Silicon Ranch Corp, the U.S. solar project developer backed by Royal Dutch Shell (RDSa.L), on Thursday said it raised $775 million in equity capital from new and existing investors. The announcement comes as renewable energy, and in particular solar, is experiencing a dramatic expansion in the United States. Financial institutions are seeking to capitalize on that growth and satisfy growing investor demand for assets that address climate change. [ read more … ]

Climate

After bold climate promises, U.S. carbon is rising

By Benjamin Storrow, E&E News  •    •  Posted 2022-01-06 16:38:00

America went backward on climate in 2021. U.S. emissions rose 7 percent through the end of October, according to Carbon Monitor, an academic group that tracks emissions. The finding was echoed by the U.S. Energy Information Administration, which is also projecting a 7 percent increase in energy-related emissions. The increase puts the United States on a steep path to achieve President Biden’s climate goal of reducing emissions 50 percent from 2005 levels by 2030. [ read more … ]

EVs

Auto Makers Supercharge Move Into Electric Vehicles

By Mike Colias, Nick Kostov and Peter Landers, Wall Street Journal  •    •  Posted 2022-01-06 16:38:30

General Motors Co. showed off an electric Chevy Silverado. The Chrysler brand is ditching gas engines and going to an all-electric lineup. And Japan’s Sony Group Corp. plans to jump into the electric-vehicle fray, creating its own car unit. News of battery-powered vehicles dominated the CES technology conference in Las Vegas on Wednesday, the latest sign that the momentum around EVs continues to build both within the auto industry and in other sectors, even if the shift is still barely noticeable in showrooms today. [ read more … ]

Electric Vehicles’ Growing Slice of the Auto Industry Pie

By Dana Hull, Bloomberg  •    •  Posted 2022-01-06 16:38:16

Imagine the auto industry as a pie. Right now, the EV share of the overall pie is a tiny sliver but a growing one. In Norway — a small country, I know — 65% of new car sales in 2021 were electric. On Tesla’s last earnings call, Chief Financial Officer Zachary Kirkhorn said that there’s been a “profound awakening” and desire for EVs that has caught even Tesla off guard. Demand outstrips supply for Tesla and for rivals like Ford. [ read more … ]

The road ahead: How legacy auto brands will level the EV playing field in 2022

By Peter Adams, Utility Dive  •    •  Posted 2022-01-06 16:38:45

Whatever shadow the omicron variant is casting over the Consumer Electronics Show (CES) this week, one area is clearly generating hype: The chance to show off what’s new when it comes to electric vehicles (EVs). The sprawling Las Vegas gathering, typically centered on the tech world, has drawn exhibitors spanning General Motors, BMW, Hyundai, Stellantis and Daimler. Some of them, like General Motors, have shifted to a virtual format due to COVID-19, but the announcements remain substantial. Mercedes Benz yesterday revealed a sporty Vision EQXX concept car focused on long-range travel, while General Motors’ Chevrolet brand plans to showcase an electric iteration of its Silverado pickup Wednesday. [ read more … ]

69% of Americans don’t want hybrid or electric for their next car

By Ben Geman, Axios  •    •  Posted 2022-01-06 16:39:14

Most consumers, especially in the U.S., plan to stick with internal combustion tech for their next vehicles, a wide-ranging new survey shows. Deloitte’s annual survey of consumer auto views breaks down preferences by country, showing regional differences but overall that traditional vehicles and to a lesser extent hybrids are the strong favorites. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.