Let Utility Dive’s free newsletter keep you informed, straight from your inbox.
Topics covered: smart grid tech, clean energy, regulation, generation, and much more.
Topics covered: utility-scale storage, distributed storage, storage technologies, policy and regulations, and more.
Topics covered: load mgmt, dynamic pricing, energy efficiency, and much more.
In partnership with
Topics covered: solar tech, business models, regulation and policy, distributed solar, utility solar.
In partnership with
First published on
The new funding opportunity from the Biden administration is intended to help automakers struggling with the cost of manufacturing EVs.
Automaker Stellantis announced plans to idle an Illinois assembly plant in February due to rising EV production costs.
The high price of producing EVs has hit startups particularly hard. Ohio-based EV startup Lordstown Motors filed for Chapter 11 bankruptcy Tuesday, claiming it was the “only viable option” after contract manufacturer and investor Foxconn failed to deliver on a $170 million investment needed to develop a scalable EV platform.
And California-based startup Rivian laid off 6% of its workforce in February in cost-cutting measures.
The new grant program aims to preserve existing jobs, including union jobs and wages, and “work opportunities that have been powering our automotive economy for decades,” according to the Energy Department.
But as the Biden administration pushes an increasingly tight transition timeline for the auto market to shift to EVs, companies run the risk of falling behind.
In April, the Environmental Protection Agency proposed rules that would require 60% of U.S. vehicle sales to be fully battery electric by 2030. Auto groups blasted the proposal, with the Alliance for Automotive Innovation saying it “leap-frogs” a 2021 executive order that called for 50% of vehicles EVs, including hybrid and fuel cells, by 2030.
The group called the proposal a “de facto battery electric vehicle mandate,” adding the rules are “neither reasonable nor achievable in the timeframe provided.”
Get the free daily newsletter read by industry experts
Interconnection and long permitting processes continue to challenge renewable energy developers, state Comptroller Thomas DiNapoli said in a report.
Power companies are pursuing increasingly ambitous sustainability goals around clean energy, but integrating rising amounts of renewables, minimizing environmental impacts, and achieving carbon reduction targets can be challenging.
Subscribe to Utility Dive for top news, trends & analysis
Get the free daily newsletter read by industry experts
Interconnection and long permitting processes continue to challenge renewable energy developers, state Comptroller Thomas DiNapoli said in a report.
Power companies are pursuing increasingly ambitous sustainability goals around clean energy, but integrating rising amounts of renewables, minimizing environmental impacts, and achieving carbon reduction targets can be challenging.
The free newsletter covering the top industry headlines