Daily on Energy ⚡ — Biden’s electric vehicle Goldilocks problem
A RISK FOR BIDEN’S ELECTRIC VEHICLE PLANS: A leading automotive trade group says the Biden administration must get the pace and scale of its electric vehicle-forcing policies just right or else hand China an additional set of advantages over domestic and allied car manufacturers.
“If U.S. regulators and policymakers move too fast on EV mandates over the next several years, I predict China gains a stronger foothold in America’s EV battery supply chain and eventually our automotive market,” Bozzella writes. "And if China moves deeper into the U.S. auto market and sells the EVs necessary to meet EPA’s mandates, it can, in turn, sell credits to American and other automakers that don’t sell as many EVs. Tesla’s been running that play for years, but this is a whole new level,” he adds. “I’m talking about allowing Chinese automakers to double-dip and make money precisely because EPA is requiring an electric ramp up that’s not possible – right now.
Ukraine agreed to cancel its plans in June following the CIA’s warning. But just three months later, both the Nord Stream 1 and 2 pipelines were hit by a series of explosions that closely resembled Kyiv’s plans… Read the latest from Breanne here. "While this is a major milestone in its progress to accelerated energy transition targets, there is likely to be an increase in the use of coal in the short term, to reduce the effects of intermittency in the power supply," the report said.
“Development and production will be ready when there’s demand for 1.5 million units,” Nakajima said at an event. The confident projection breaks with the years of caution espoused by the automaker as it has sought to align its production with what it views as consumer demand for purely electric battery vehicles.
That’s how things are trending now: The EU’s CBAM, which takes effect in 2026, imposes a roughly $90 per ton fee on imported products, such as steel, aluminum, and cement. “Build Nuclear Now” will run in several Atlantic states, including Delaware, New Jersey, and Maryland, as well as Hawaii and Arizona, with the intention of ginning up support for advanced nuclear and NRC reform.
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