DBT USA
Spurring the market is strong policy and the inevitability
of addressing climate change.
Retailers are lining up to
offer charging services at
their stores.
$280,000 of the funding for those charging stations
came from pollution control equipment violation fines from
an Ohio-based power plant and through a public-private
partnership with Coulomb Technologies, a charging company that also received a DOE Recovery Act grant.
Meanwhile, General Electric, Siemens and Schneider
Electric are lining up to make charger products and services.
Lowe’s is selling GE’s WattStation at 60 stores and at lowes.
com. GE says the product fully charges an electric car in
four to eight hours.
Spurring the market is strong policy and the inevi-
tability of addressing climate change. Automakers basi-
cally have no choice but to make highly efficient cars to
meet new U.S. fuel economy standards. In a rare “Yes
We Can” moment, on July 29, President Barack Obama,
major automakers and the state of California signed an
historic agreement to raise fuel-efficiency standards to
54.5 mpg for cars and light trucks by model year 2025.
That set the stage to double fuel efficiency from cur-
rent levels while reducing carbon emissions by almost
50 percent.
Consult your financial advisor before making any investment.
