Reactions to EPA and Biden’s Electrification Plans
Many automakers releases statements about President Biden’s electrification plans.
When the EPA proposed stringent new environmental standards for future vehicles. Concurrently, the Biden Administration set an aspirational goal that up to 50% of the new vehicle market will be electric by 2030. You can count on Toyota to do our part. This is great for the environment and helps protect the 436,000 American jobs of our employees, dealers, suppliers and other stakeholders in the U.S. Let’s go!, says Ted Ogawa, CEO, Toyota Motor North America
Ford Motor Company Executive Chair Bill Ford on Ford’s Electric Vehicle Sales and the White House’s fuel economy announcement:
“It has been said that this generation is the first to feel the impact of climate change, and the last that can do something about it. I am proud that Ford is leading the electric revolution and standing for stronger standards that protect people and the environment as we progress towards a zero-emissions transportation future. Ford has always been a leader in sustainability and our employees continue their tremendous efforts to leave our children and our grandchildren with a cleaner planet.”
– Executive Chair Bill Ford
Eric Mayne at Stellantis said “Our path to offering clean, safe and affordable mobility is defined by our $35 billion investment in vehicle electrification, which includes four flexible BEV platforms, a scalable family of three electric-drive modules and solid-state battery development. This activity also serves to echo the Administration’s commitment to safeguard employment for American workers.”
Ford, GM and Stellantis announced their shared aspiration to achieve sales of 40-50% of annual U.S. volumes of electric vehicles (battery electric, fuel cell and plug-in hybrid vehicles) by 2030 in order to move the nation closer to a zero-emissions future consistent with Paris climate goals. Our recent product, technology, and investment announcements highlight our collective commitment to be leaders in the U.S. transition to electric vehicles. This represents a dramatic shift from the U.S. market today that can be achieved only with the timely deployment of the full suite of electrification policies committed to by the Administration in the Build Back Better Plan, including purchase incentives, a comprehensive charging network of sufficient density to support the millions of vehicles these targets represent, investments in R&D, and incentives to expand the electric vehicle manufacturing and supply chains in the United States. With the UAW at our side in transforming the workforce and partnering with us on this journey, we believe we can strengthen continued American leadership in clean transportation technology through electric vehicle innovation and manufacturing. We look forward to working with the Biden Administration, Congress and state and local governments to enact policies that will enable these ambitious objectives.
Blink on Infrastructure
Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the “Company”), a leading owner, operator, and provider of electric vehicle (“EV”) charging equipment and services, congratulates the Biden Administration and bipartisan lawmakers who agreed to a much-needed federal infrastructure package – highlighting the $7.5 billion allocated specifically to EV infrastructure and urges Congress to pass this package and take additional steps towards making America the worldwide leader in EV technology and infrastructure.
“Blink is encouraged by the package’s inclusion of $7.5 billion for EV infrastructure, which represents a significant step to advance electric vehicle charging nationwide. As the auto industry accelerates its transition to zero-emission vehicles, EV charging infrastructure must be deployed to handle the demand,” stated Michael D. Farkas, Founder & Chief Executive Officer of Blink Charging.
Farkas continued, “While this package makes important investments, we still have a long way to go to meet the President’s goals of having the U.S. economy reach net-zero emissions by 2050 and having only electric vehicles on the road by 2040. We believe the most economical way of achieving the Administration’s goal of deploying 500,000 charging stations is through the widespread deployment of fast Level 2 (L2) chargers nationwide. In fact, charging data shows that L2 charging is the most popular with EV drivers as it takes advantage of the time a vehicle is parked, which is the majority of the time. L2 charging is also commonly used for public and workplace charging which makes owning an EV accessible for those who don’t reside in a single-family residence.”
According to industry data, Level 2 charging is the predominant type of charging in the United States, with more than 77,000 L2 chargers compared to approximately 17,000 DC fast chargers. We believe that in order to build out a robust electric vehicle ecosystem, it needs to be inclusive of DC fast corridor charging but must have a focus on L2 charging.
Although the compromise at hand is less than what the Biden Administration initially requested for EV infrastructure, it can still be effective if allocated methodically and is comprised of both corridor and urban charging. In most cases, it costs approximately $100,000 per port for DCFCs, whereas it costs under $10,000 per port for L2 charging. Additionally, the energy cost is considerably more with DCFCs, ultimately making it cost-prohibitive to EV drivers. While DC fast chargers are great solutions for travel corridors and long trips, most drivers travel less than 40 miles per day, making L2 charging a better and more economically viable solution.
There are several important steps that Congress could take to support these infrastructure priorities. In particular, Blink urges Congress to provide the Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Program with additional lending authority that it could use to finance a comprehensive national network of L2 chargers. Blink also supports the congressional creation of an infrastructure bank. Through these steps, Congress could open extraordinary possibilities for American industry and innovators, spurring manufacturing and deployment of cutting-edge EV chargers and components and facilitating projects to use EV chargers as a resource for virtual power plants.
“We are at an inflection point in America’s automotive industry, especially with most OEMs eliminating internal combustion engine vehicles within the next decade. Therefore, the time is now to invest in our nation’s EV infrastructure to meet future demand. We look forward to continuing our work with members of the House and Senate to increase support of policies that encourage long-term growth and continued success of the electric vehicle infrastructure industry,” said Farkas.
In addition to assisting in the Administration meeting its EV charger goals, Blink intends to seek support from the Department of Energy’s Loan Programs Office (LPO) to onshore the manufacturing of charging stations to meet the Biden administration’s Made in America requirements.
Nissan Announced Electric Targets
When Nissan launched the all-electric LEAF in 2010, the company announced its intention to bring attainable electric vehicles to the masses around the world.
Nissan Motor Co., Ltd. has set the goal to achieve carbon neutrality across the company’s operations and the life cycle of its products by 2050. As part of this effort, by the early 2030s every all-new Nissan vehicle offering in key markets will be electrified.
Nissan North America, Inc., has a target that more than 40 percent of its U.S. vehicle sales by 2030 will be fully electric, with even more to be electrified.
“With LEAF, Nissan showed our pioneering spirit in electric vehicles. Now with more than a half-million pure EVs sold and more than 5 billion electric miles driven on roads around the world, we’re helping to lead the electric vehicle revolution,” said Jeremie Papin, chairperson, Nissan Americas. “Nissan is fully committed to doing our part toward building a cleaner, safer and more inclusive society for all.”
To build on the success of LEAF,…