CHINA DOMINATES ELECTRIC VEHICLE SALES: We wrote earlier this week of the Chinese energy paradox, reflected in its massive solar deployments. Its hot vehicle market tells the same story of dominance with a different technology.
The United States came in at third, accounting for 8% of global sales. In the U.S., less than a million new battery EVs and plug-in hybrid EVs were sold, compared to nearly 6 million in China. Welcome to Daily on Energy, written by Washington Examiner Energy and Environment Writers Jeremy Beaman and Breanne Deppisch . Email jbeaman@washingtonexaminer.com or bdeppisch@washingtonexaminer.com for tips, suggestions, calendar items, and anything else. If a friend sent this to you and you’d like to sign up, click here. If signing up doesn’t work, shoot us an email, and we’ll add you to our list.
Leadership’s approach was more or less to throw out all the IRA’s energy and climate change-related tax provisions, which passed on a party-line vote, rather than pick and choose what some members deem to be the good items. Democrats’ bigger margin this Congress, and the return of Sen. John Fetterman from hospitalization, was the difference maker in the 10-9 party-line vote this morning.
The proposed eRIN program would allow participants to generate eRINs where, for example, qualifying renewable biomass is used to generate electricity and then used as a transportation fuel, whereas RIN generation has been restricted to liquid biofuels during the RFS’s life. The committee is concerned that Kerry occupies a “cabinet-level position that does not require Senate confirmation despite his apparent ability to bind the United States to international agreements.”
Coal-fired power capacity is growing at a large scale, and the country’s 2060 net-zero target is a full decade behind the Paris agreement’s timeline. Their petition included a recommended schedule for phasing down production to 50% of its 2020 baseline in 2026. By 2035, the schedule provides for production levels to be only 2% of 2020 levels.