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Tesla Motors, Inc. (TSLA) Message Board

  • about_that_stock about_that_stock Oct 24, 2013 10:29 PM Flag

    8 states join forces to build charging stations, other infrastructure for clean-burning cars

    shorts must hate this type of media "cover"-age..

    Associated Press, Updated: Thursday, October 24, 12:59 PM

    SAN FRANCISCO — Eight states, including California and New York, pledged Thursday to work together to dramatically multiply the number of zero-emission cars on the nation’s roads by speeding the construction of charging stations and other infrastructure.

    The goal is to put 3.3 million battery-powered cars, plug-in hybrids and other clean-burning vehicles on the roads in those states by 2025. That’s more than 15 times as many zero-emission vehicles projected to be in use in the entire U.S. by 2015.

    Auto dealers say networks of charging stations and other conveniences are crucial to winning over drivers who are accustomed to pulling up to the gas pump and fear getting stranded by a dead battery.

    The other states in the pact are Massachusetts, Maryland, Oregon, Connecticut, Rhode Island and Vermont. The eight states together represent about 23 percent of the U.S. auto market.

    The Associated Press breaks down why there are not more zero-emission cars already, the keys to accomplishing the goal and the formidable challenges:

    How does this agreement differ from plans already in place in the states?

    Each state has already separately adopted rules to require a percentage of new vehicles sold to be zero-emission by 2025.

    For example, California’s mandate of 15.4 percent calls for a total of 1.5 million zero-emission vehicles to be on the state’s roads by that time. Currently, plug-in hybrids and electric vehicles make up less than 2 percent of the state’s market

    Sentiment: Strong Buy

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