HOUSTON — A senior Energy Department official said EV manufacturers’ recent price cuts will speed conversion of fleets away from gas-powered vehicles, Ben writes.
Driving the news: “The price drops and Tesla and Chevy and others have announced have made the conversion of fleets far more likely, which is very important to us, because a lot of these fleet folks are the ones driving 25,000 miles a year,” Jigar Shah, head of the loan programs office, said at CERAWeek.
Why it matters: Conversion to EVs among corporations and various levels of government is a key early market for vehicles with plugs, and Shah noted fleet vehicles’ heavy use is important for cutting emissions.
Elsewhere on our EV radar…
“Mitsubishi Motors Corp plans for hybrid and battery electric vehicles to account for all new car sales by the middle of the next decade,” Reuters reports.
“Vietnam’s automaker VinFast on Friday said it will push back its plan to start operations of its electric vehicles factory in the United States until 2025, citing a procedural delay,” CNBC reports.
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