CA Sets 2035 Deadline for Zero Emission Vehicles

CA to require all new light vehicles to be zero-emission by 2035; Panasonic eyeing another $4 bn battery plant, potentially in Oklahoma; U.S. nails new monthly EV sales record, at 79,325 cars in July; UK completes V2G pilot, setting the stage for broader V2G integration; The Mobility House connects to European Power Exchange, trading juice from 4,500 EV batteries totaling 100 MW; MA electric school buses delivered 7 MWh in V2G program over 32 events; Plug Power to supply Amazon w/nearly 11,000 tons of green H2 per year, starting 2025; world’s first H2 train network now operating in Germany; California plans to cover 1.3 miles of aqueducts w/solar panels to help minimize evaporation; Texas bans 10 financial firms – including Black Rock, Goldman, and JP Morgan -from doing business with the state, claiming they don’t support the oil & gas industry.

1) California Air Resources Board votes to require all new light vehicles be zero-emission by 2035. CA sells 10% of all U.S. cars, and other states will follow, so this will change market.

2) Panasonic may build a second $4 bn battery plant - to follow the one planned for Kansas - in Oklahoma, although company won't comment.

3) July U.S. EV monthly sales hit new record, at 79,325 vehicles, up 52.2% over July 2021, and accounting for 7.0% of total light-duty vehicle sales. YTD, 2022 total EV sales up 58% over 2021.

4) In successful V2G pilot using EVs to balance grid, 130+ Octopus Energy customers with Nissan Leafs were paid to plug in at night when power was cheap and cleaner, both storing and releasing energy when requested.

5) The Mobility House connects to European Power Exchange, coordinating and trading on the flexibilities of 4,500 electric car batteries totaling 100 MW through its EV Aggregation Platform.

6) For 2nd summer, electric school buses in MA delivered energy back to the grid, this time providing 7 MWh over 32 events.

7) Amazon contracts w/Plug Power to supply almost 11,000 tons of green hydrogen annually for transportation and building operations commencing in 2025, for 30,000 forklifts or 800 long-haul trucks.

8) World’s first hydrogen fuel cell train network now live in Germany’s Lower Saxony, w/14 H2-powered Coradia iLint trains operating on ranges of 600+ miles w/o refueling.

9) California plans $20 mn project to cover 1.3 miles of aqueducts w/solar panels to help minimize evaporation, modeled after existing schemes in India. CA has a 40K mile canal network.

10) Pursuant to September law, Texas bans 10 financial firms – including Black Rock, Goldman and JP Morgan -from doing business w/state claiming they don’t support state’s oil & gas industry.