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Technology Stocks : The Electric Car, or MPG "what me worry?"

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From: Eric12/4/2017 9:02:56 AM
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New York Governor Announces $3.5 Million In Funding For EV Adoption Support Initiatives

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  • December 3rd, 2017 by James Ayre

    The Governor of New York State, Andrew M Cuomo, has announced the availability of $3.5 million in new funding for those pursuing means of increasing the rate at which plug-in electric vehicles are adopted; those pursuing the price reduction of electric vehicle charging station installation and operation; and those pursuing ways of using electric vehicles to improve the resiliency of the grid.



    The new funding is intended to help in the achievement of the New York State governor’s goals to slash the state’s greenhouse gas emissions by 40% by 2030 (as compared to 1990 levels).



    Governor Andrew Cuomo by Pat Arnow (CC BY-SA 2.0)

    “Clean cars are the way of the future, and with a tremendous increase in the number of electric vehicles sold this year, it is clear New Yorkers support efforts to combat climate change,” stated Governor Cuomo. “Innovation is what drives New York and we are proud to incentivize the development of improved technologies that will create a cleaner, greener, and more sustainable future for all.”

    The new solicitation for proposals will be managed by the New York State Energy Research and Development Authority (NYSERDA), which is focused on research projects that will also improve job growth, economic health, and the technical side of things.

    Here’s an overview of proposal examples relating to the improvement of grid resiliency, as provided by the New York State Energy Research and Development Authority:

    How to reduce the impact of charging vehicles on the grid;

    How vehicles can be integrated into buildings to provide backup power; or

    How to remotely manage electric vehicle charging at peak times.

    “Currently, electric vehicles use power from the grid to charge. However, fully charged vehicles can also return power to the grid, which can help provide resiliency during power outages or during peak times, such as hot summer days.”

    As it stands, the transportation sector in New York State represents around 40% the state’s energy related greenhouse gas emissions. With plug-in electric vehicles being more energy efficient (varying to a wide degree based on model and specs), the potential is there to reduce this figure considerably through wider adoption of the EVs.

    Despite the large number of vehicles in use in the state, as of November 1st, there are only around 23,000 electric vehicles registered in the state.

    cleantechnica.com
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