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What will happen to Obama’s National EV Charging Corridor initiative?

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As part of an eight year commitment to combat climate change, increase access to clean energy technologies, and reduce U.S. dependence on oil, the Obama administration unveiled a series of executive actions to establish 48 national electric vehicle (EV) charging corridors on U.S. highways. But will the proposed EV charging corridors, which were announced in early November, 2016, stand up to the formidable will of Donald Trump’s transitional head of the EPA, Myron Ebell?

Ebell is director of the Center for Energy and Environment at the conservative Competitive Enterprise Institute and is the lead voice of U.S. climate deniers. He chairs the Cooler Heads Coalition, which comprises over two dozen non-profit groups in this country and abroad that question global warming “alarmism” and oppose “energy rationing” policies. Ebell’s role on the Trump team has been interpreted by many, including Scientific American, National Geographic, and the New York Times, as a sign that the next administration will be looking to drastically reshape the climate policies that the EPA has pursued under the Obama administration.

Since President Obama took office, the number of plug-in EV models has increased from one to more than twenty, battery costs have decreased 70 percent, and the number of EV charging stations has grown from less than 500 in 2008 to more than 16,000 in 2016. Described as “creating a new way of thinking about transportation that will drive America forward,” the National Electric Vehicle Charging Corridors on U.S. Highways initiatives were intended to create 48 designated EV routes which would cover nearly 25,000 miles in 35 states.

The National Electric Vehicle Charging Corridors on U.S. Highways initiative is part of a larger Obama administration plan to lower EV purchase costs through increasing automotive manufacturers’ demand. By promoting EV innovation and adoption and expanding the national EV infrastructure, the Obama administration has fostered a climate in which more than $1 million and 1,211,650 gallons in potential annual fuel savings could be accrued. However, Trump has indicated that his administration will work to remove EPA environmental regulations as a way of allowing American business to thrive.

Trump consistently has been vocal in his skepticism of climate change science, which calls for the shift in U.S. fuel consumption to alternative sources like decentralized electricity.

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Ebell

While on the campaign trail, Trump had focused on lifting restrictions on oil and gas instead of looking to U.S. clean energy and an eventual reduction of reliance on fossil fuels. Trump stated that lifting fossil fuel restrictions would increase GDP by more than $127 billion, add about 500,000 jobs, and increase wages by $30 billion each year over over seven years. Those figures come from the Institute for Energy Research, a nonprofit that advocates for a free-market approach to energy and claims there is an “enormous volume of sensationalized, simplistic and often plain wrong information” on climate change.

“This is not academic research and would never see the light of day in an academic journal. The pioneering research … from years ago is rarely employed any more by economists,” said Thomas Kinnaman, chair of the Economics Department at Bucknell University, who reviewed the IER report. Kinnaman’s analysis was confirmed by Peter Maniloff, assistant professor of economics at the Colorado School of Mines, who said the IER study is based on a questionable assumption. “The IER report assumes that policy restrictions are the major factor holding back coal, oil, and gas production.” He went on to describe the rationale as more to do with straightforward economics,” he said. “Domestic oil drilling on available land has dropped by three-quarters since 2014 due to low prices.”

Another area in which the Obama administration sought to promote EV clean energy was the release of up to $4.5 billion in loan guarantees to support commercial-scale deployment of innovative EV charging facilities. In support, nearly 50 industry members signed onto a “Guiding Principles to Promote Electric Vehicles and Charging Infrastructure” agreement. Thirty-eight new businesses, non-profits, universities, and utilities committed to provide EV charging access for their workforces, with 24 state and local governments partnering with the Administration to increase the procurement of EVs in their fleets.

Investment in such a robust network of charging facilities contradicts energy policy promoted by Ebell, who has said that “a lot of third­, fourth­ and fifth ­rate scientists have gotten a long ways” by embracing climate change. He frequently mocks climate leaders like Al Gore and has called the movement the “forces of darkness” because “they want to turn off the lights all over the world.”

Ebell has been a voice in the ear of Congress with his opposition to President Obama’s Clean Power Plan. This is a series of policy initiatives designed to lower emissions from fossil fuel generating plants, particularly those that still rely on coal to generate electricity. The United States Department of Transportation (DOT) would be the liaison among the administration, states, localities, and the private sector for the EV corridors. Already, 28 states, utilities, vehicle manufacturers, and change organizations have committed to accelerating the deployment of an EV charging infrastructure on the DOT’s corridors. The goal is that these initial corridors would serve as a basis for “coast to coast zero emission mobility on our nation’s highways.”

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Obama caricature [Source: globalwarming.org]

Earlier, Ebell had written a blog post stating that the Obama administration’s Existing Source Performance Standards contained within the Clean Power Plan were “colossally costly” and “obviously illegal.”  His post includes the mashup of President Obama.

To ascertain optimal national EV charging deployment scenarios, including along DOT’s designated fueling corridors, the United States Department of Energy (DOE) is in the midst of conducting two studies. Developed with national laboratories and with input from a range of stakeholder, the first is a national EV infrastructure analysis that identifies the optimal number of charging stations for different EV market penetration scenarios. The second will provide best practices for EV fast charging installation, including system specifications as well as siting, power availability, and capital and maintenance cost considerations.

The future of U.S. coast to coast zero emission mobility on our nation’s highways is in serious jeopardy with President Trump in the White House.

Carolyn Fortuna is a writer and researcher with a Ph.D. in education from the University of Rhode Island. She brings a social justice perspective to environmental issues. Please follow me on Twitter and Facebook and Google+

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Tesla gets price target increase on Wall Street, but it’s a head-scratcher

Delaney’s price target on Tesla shares went up to $395 from $300. Currently, Tesla is trading between $420 and $430, making the new price target from Goldman Sachs a bit of a head-scratcher.

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Credit: Cybertruck | X

Tesla (NASDAQ: TSLA) received a price target increase from a Wall Street analyst today, who noted in his report that the company’s shares could rise or fall based on its execution in robotics and autonomy.

However, the price target boost still fell below Tesla’s current trading levels.

Mark Delaney of Goldman Sachs said in a note to investors today that Tesla has a significant opportunity to solidify itself as one of the stable and safe plays in the market if it can execute on its two key projects: humanoid robots and autonomy.

In the note, Delaney said:

“If Tesla can have [an] outsized share in areas such as humanoid robotics and autonomy, then there could be upside to our price target.”

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Delaney’s price target on Tesla shares went up to $395 from $300. Currently, Tesla is trading between $420 and $430, making the new price target from Goldman Sachs a bit of a head-scratcher.

He went on to say that Tesla could also confront outside factors that would limit the stock’s ability to see growth, including competition and potentially its own lack of execution:

“…although if competition limits profits (as is happening with the ADAS market in China) or Tesla does not execute well, then there could be downside.”

The note is an interesting one because it seems to point out the blatantly obvious: if Tesla performs well, the stock will rise. If it doesn’t, the stock price will decline.

We discussed yesterday in an article that Tesla is one of the few stocks out there that does not seem to be influenced by financials or anything super concrete. Instead, it is more influenced by the narrative currently surrounding the company, rather than the technicals.

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Tesla called ‘biggest meme stock we’ve ever seen’ by Yale associate dean

Tesla’s prowess in robotics and autonomy is strong. In robotics, it has a very good sentiment following its Optimus project, and it has shown steady improvement with subsequent versions of the robot with each release.

On the autonomy front, Tesla is expanding its Robotaxi platform in Austin every few weeks, and also has a sizeable geofence in the Bay Area. Its Full Self-Driving suite is among the most robust in the world and is incredibly useful and accurate.

The company can gain significant value if it continues to refine the platform and eventually rolls out a driverless or unsupervised version of the Full Self-Driving suite.

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Tesla addresses door handle complaints with simple engineering fix

“We’ll have a really good solution for that. I’m not worried about it.”

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Tesla Model S self-presenting door handle
Tesla Model S self-presenting door handle (Credit: TesBros)

Tesla is going to adjust one heavily scrutinized part of its vehicles after recent government agencies have launched probes into an issue stemming from complaints from owners.

Over the past few days, we have reported on the issues with Tesla’s door handle systems from both the Chinese and American governments.

In China, it dealt with the Model S, while the United States’ National Highway Traffic Safety Administration (NHTSA) reported nine complaints from owners experiencing issues with 2021 Model Ys, as some said they had trouble entering their car after the 12V battery was low on power.

Bloomberg, in an interview with Tesla Chief Designer Franz von Holzhausen, asked whether the company planned to adjust the door handle design to alleviate any concerns that regulatory agencies might have.

Regarding the interior latch concerns in the United States:

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  • Von Holzhausen said that, while a mechanical door release resolves this problem, Tesla plans to “combine the two” to help reduce stress in what he called “panic situations.”
  • He also added that “it’s in the cars now…The idea of combining the electronic and the manual one together in one button, I think, makes a lot of sense.” Franz said the muscle memory of reaching for the same button will be advantageous for children and anyone who is in an emergency.

Regarding the exterior door handle concerns in China:

  • Von Holzhausen said Tesla is reviewing the details of the regulation and confirmed, “We’ll have a really good solution for that. I’m not worried about it.”

The new Model Y already has emergency mechanical door release latches in the back, but combining them in future vehicles seems to be an ideal solution for other vehicles in Tesla’s lineup.

It will likely help Tesla avoid complaints from owners about not having an out in the event of a power outage or accident. It is a small engineering change that could be extremely valuable for future instances.

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Elon Musk calls out viral claim of 10,000 Tesla Optimus deal: “Fake”

For now at least, Tesla seems determined to focus on the development of Optimus V3.

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Credit: Tesla Optimus/X

Elon Musk has provided some clarification to recent reports suggesting that PharmAGRI, a US pharmaceutical and agricultural infrastructure company, is looking to deploy 10,000 Optimus robots for its operations.

Musk posted his clarification on social media platform X.

Alleged Optimus purchase

Recently, reports emerged stating that PharmAGRI Capital Partners will be tapping into Tesla’s humanoid robots for its operations. The firm claimed that it had executed a Letter of Intent with Tesla to deploy up to 10,000 Optimus Gen 3+ humanoid robots across its SuperPharm and CEA facilities. This should allow the company to automate its labor and ensure diversion control.

A comment from Lynn Stockwell, Chairwoman & CEO, suggested that the company really was partnering with Tesla. “With Tesla robotics powering our facilities and DEA-licensed infrastructure in place, we can scale with precision, meet federal sourcing mandates, and deliver therapies that are compliant, secure, and American-made,” she said. 

Elon Musk clariies

News of PharmAGRI’s Optimus claims quickly spread on social media, though some Tesla watchers argued that it seemed unlikely that the EV maker will commit two legions of Optimus robots to a rather unknown company this early. Some pointed out that Tesla typically commits to high-profile customers to test its early products, such as PepsiCo with the Tesla Semi. 

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Photos from PharmAGRI’s website depicting Tesla Optimus bots, as well as the rather basic look of the website itself, also brought more reservations to the company’s claims. Ultimately, Elon Musk weighed in on the matter, responding to a post about PharmAGRI’s Optimus-filled webpage. Musk was quick and direct, simply stating, “Fake.”

Elon Musk’s comments were quite unsurprising considering that Optimus is still very much in active development, and thus, it is quite unlikely that the company is already taking orders or even Letters of Intent from potential customers at this time. For now at least, Tesla seems determined to focus on the development of Optimus V3, which Musk has noted will be “sublime.”

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