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Posts Tagged ‘NYSE: GM’

Electric vehicle charging will receive a $120M Jolt in California

Tuesday, March 27th, 2012

California Governor Jerry Brown, and California’s utility regulator, just introduced that the decade-old claim having a partner of NRG Energy, Dynegy, over energy contracts throughout the state’s energy crisis, will are a $120 million settlement fund to purchase building out an electrical vehicle charging network in California. A hundred million dollars from the fund is going to be allocated to setting up 200 public fast-charging stations and 10,000 plug-in models at 1,000 locations over the San Francisco Bay Area, San Joaquin Valley, L.A. and North Park County the rest of the $20 million from the fund goes to “ratepayer relief,” or reducing consumer energy bills.

Simultaneously Governor Brown, who spoke today in the Wall Street Journal’s Eco:nomics conference, also signed a professional order with a road to get 1.5 million “zero-emission vehicles” on California’s streets by 2025. The executive order set targets for:

•             By 2015, all major metropolitan areas in California may have sufficient infrastructure and become “zero-emission vehicle ready.”

•             By 2020, the condition may have established sufficient infrastructure to aid a million zero-emission automobiles in California.

•             By 2025, you will see 1.5 million zero-emission automobiles on the highway in California.

•             By 2050, almost all personal transportation within the Condition depends on zero-emission automobiles, and green house gas pollutants in the transportation sector will disappear by 80 % below 1990 levels.

It’s quite a creative utilization of funds from the major energy issue in the state’s history. Dynegy had an Enron-style energy buying and selling platform and was among the firms that was involved with California’s energy crisis. NRG, inside a statement, describes the connection with Dynergy because this: a subsidiary of Dynegy would be a co-owner with NRG of energy producing plants, that are presently possessed by NRG in California. “NRG assumed full responsibility for solving this matter in 2006 when NRG acquired Dynegy’s 50 % curiosity about the assets.”

California Public Utility Commission Commissioner Mike Florio referred to the settlement fund inside a statement as: “In one stroke it shuts out a regrettable chapter within our background and propels us in the future to some clean transportation future.”

The fund is among the better final results of these funds for NRG Energy, that has been building out its first electric vehicle charging network in Dallas, Texas, known as eVgo. NRG states it’s arrived at a contract using the CPUC to construct the California electric vehicle charging network within the next 4 years. Like its charging station in Dallas, the charging network depends on the monthly subscription.

The Chevy Volt Promised Greater Efficiency than Hybrids - Did it happen?

Tuesday, December 13th, 2011

Electric vehicles are gaining rapidly in popularity, and with the end of 2011 bringing us a large number of EVs, there is little wonder why so many states and cities are working hard to install electric charging stations in public areas.  EVs are expected to sell fairly well in big cities, especially among two car families looking for a vehicle to be used primarily for city driving and commuting.  The Chevy Volt is one of the newest entrants in the EV game, and the car is promising big benefits over traditional hybrid vehicles.

One thing to understand about the Chevy Volt is that while the car does consume gas, it does not power the car.  Instead, the car has a range of about 35 miles that it can run on battery alone when fully charged.  After this initial period is up, the car’s generator kicks on to keep it powered.  This generator is the part of the car that is fueled by gas.  This certainly helps lower emissions, but it also serves to greatly increase overall gas mileage.  For consumers driving less than 35 miles per day, it is possible to go significant periods of time without ever consuming any of the gas in the car.

As to whether or not the car is more efficient than a traditional hybrid vehicle, the answer is an absolute yes for people who will be doing less than 35 miles of driving per day.  The cars will generally offer better performance even on longer drives, but if you plan to use your vehicle for frequent long distance trips, you will certainly experience a significant reduction in fuel efficiency.  The Chevy Volt is designed for the average city dweller and short distance driver and makes an ideal second car.

One thing that should be noted about the Chevy Volt is that the car has been given an EPA estimated fuel rating of over 90MPG.  This takes into account the daily driving habits of the average user, however, which is someone taking the vehicle to and from work and on daily errands.  The Chevy Volt certainly offers greater fuel economy than hybrid and traditional vehicles, as well as lower long term maintenance costs.  When coupled with the $7,500 Federal rebate currently being offered on the vehicle, it is certainly something that city dwellers, daily commuters, and two car households would be well advised to consider.

So whats better, Nissan’s Leaf all electric car or GM’s Chevy Volt EV/Hybrid?

The Chevy Volt Has Inspired GM to Give It a Sibling

Monday, August 22nd, 2011

The Chevy Volt Has Inspired GM (NYSE: GM) to Give It a Sibling

The Chevy Volt is one of the latest in the extended range electric car offerings on the market.  Created by General Motors and met with surprising demand and success, the Chevy Volt has helped to bring EVs into the public spotlight.  Along with other entrants in the EV race, such as the Nissan Leaf and the Mitsubishi i-MiEV, the Chevy Volt allows daily commuters to make most or all of their travel on battery use alone without the need to also consume gas.

Considering that the average charge uses only about $1.50 worth of electricity and generates far fewer emissions, the car certainly has a fan base, especially in the green movement.  On August 12, 2011, General Motors made a surprising announcement by telling the press that they have given the green light to another EV- this one to be produced by Cadillac. Continue reading “The Chevy Volt Has Inspired GM to Give It a Sibling” »

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