Power prices are expected to soar under new tax cut and spending law
In states without policies to drive renewable energy, power prices could surge as federal tax incentives for clean energy disappear, according to Energy Innovation, a think tank.
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Chief Executive Officer of Ford & Distinguished Visiting Fellow at CGEP
The transportation sector is the largest source of greenhouse gas emissions, and there is much excitement today about the road ahead for electric vehicles.
Many automakers have pledged to increase the share of their production by going all battery or fuel cell electric within a decade, but few of the new models meet current buyer preference for larger vehicles with increased utility. But the Ford Motor Company’s introduction of the F-150 Lightning, a battery electric version of the best-selling truck in the U.S. for the last 44 years, may signal a tipping point in building the future of zero emissions transportation.
This live episode of the podcast, moderated by host Jason Bordoff, features two key figures in the clean transportation transition:
The first is Jim Farley, President and Chief Executive Officer of Ford, a role he took on just about a year ago. He also serves as a member of the company’s Board of Directors and was previously Chief Operating Officer.
Also in the conversation is Mary Nichols, a long-time environmental champion and Chair of the California Air Resources Board. She’s now a Distinguished Visiting Fellow at the Center on Global Energy Policy.
Jim and Mary discuss the significant changes taking place in the industry’s plans and strategies to achieve carbon neutrality and the role of regulation, policy and investments in building demand for battery electric vehicles.
The Climate Group selected the Columbia Climate School as its University partner for this year’s Climate Week NYC. Running Sept. 20-26, Climate Week NYC convened key climate leaders to accelerate climate action and discuss ambitious commitments ahead of the 26th UN Climate Change Conference this fall in Glasgow.
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On March 31, the US Treasury Department issued guidance on tax incentives for vehicle batteries and minerals under the Inflation Reduction Act (IRA).