2013 was an incredible year for the Electric Vehicle. Despite the work of so many naysayers, Electric Vehicles are here to stay and provide a long list of benefits.
Looking ahead a few years – what are the most important technologies and benefits EV’s offer? If you have followed Green OnRamp activities you’ll note continual the theme of making sure that EVs are an asset to the grid rather than a liability. Finding just the right balance of policy and cost effective incentives that are timed with the developing market is a tricky process.
One of the most powerful policy tools that couples financial incentives and building vehicles are Zero Emission Vehicle (ZEV) credits. These credits accrue to manufacturers that deliver vehicles in California and a growing list of States including Connecticut, Maryland, Massachusetts, New York, Rhode Island, Oregon and Vermont. Credits accrue based on vehicle capabilities such as range and powertrain characteristics.
Why not add additional credits for vehicles that are able to feed power back into the grid – AKA Vehicle to Grid? Given the value of ZEV credits in the market, a partial credit is more than enough to spur development efforts while the early markets for electric vehicle grid services are getting defined.
Contact us to join the conversation with your policy makers.