Scoop: Democrats meet with Ford executives to make talk about electric vehicles

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Scoop: Democrats meet with Ford executives to make talk about electric vehicles

Bill Ford Jr.chief executive Ford Motormeet with Senate Democrats on Thursday to highlight the importance of supporting America’s electric vehicle manufacture, according to two people familiar with the matter.

The meeting with Ford, the auto industry giant, comes as Democrats face a shrinking window to pass President Biden’s stalled budget reconciliation bill, which would have extended and expanded tax credits for Americans who buy electric vehicles instead of gas spenders.

Ford, great-grandson of the company’s founder Henry Fordaddressed to Democratic Communications and Policy Committee at lunch on Thursday, according to two individuals, who spoke on condition of anonymity because they are not authorized to speak publicly.

A spokesperson for Senator Debbie Stabenow (Mich.), who chaired the committee, told The Climate 202 that Ford spoke broadly at lunch “about EVs and manufacturing.” The spokesman declined to comment further.

When approached by The Climate 202 outside the meeting, Ford declined to comment. In an email, a spokesperson for Ford Melissa Miller confirmed that the chairman discussed electric vehicles with Democrats yesterday, in addition to meeting with Republicans Sens. Marsha Blackburn and Bill Hagerty about their EV manufacturing facility in their home state of Tennessee.

“Bill is pleased to engage with senators on both sides of the aisle to discuss Ford’s commitment to leading the electric vehicle revolution,” Miller said. “He appreciated Senator Stabenow’s invitation to speak at the Democratic caucus luncheon and the opportunity to meet with Senators Blackburn and Hagerty to discuss the latest developments in Blue Oval City, Tennessee.”

In the last few weeks, Senate Majority Leader Charles E. Schumer (DN.Y.) and Senator Joe Manchin III (DW.Va.) met several times to discuss a possible reconciliation bill agreement. The two men attended the Democratic luncheon.

When asked about his discussions with Schumer about EV incentives after the meeting, Manchin told The Climate 202: “Everything is honorable. … Not much happened.”

Under a version of the reconciliation bill that the House passed last year, consumers who buy the majority of EVs will receive a $7,500 tax credit, and consumers who buy EVs made by unions in the United States will receive an additional $4,500 in credit.

The credit expires once the automaker has sold 200,000 eligible vehicles. wade, Nissan and Toyota may soon exceed this threshold unless Congress intervenes.

Chair of the Senate Finance Ron Wyden (D-Ore.), whose panel has jurisdiction over tax policy, expressed confidence Thursday that Manchin will eventually support the extension of EV incentives.

“Of the three areas Senator Manchin is most interested in, one is energy and climate,” Wyden told The Climate 202, adding that the other two were prescription drugs and tax evasion. “And I’ve spoken to him about each one of them many times.”

However, Manchin has publicly voiced concern about bonus credits for union-made EVs, saying it would discriminate against automakers whose employees are not unionized. He has also indicated that he wants to lower the income threshold for consumers to access EV credit, so subsidies don’t particularly benefit wealthy households.

An individual familiar with the matter said bonus credits for union-made EVs might be removed from a possible deal, while the issue of income limits needs to be addressed.

“That’s kind of a basic assumption,” said the man.

Biden has set an ambitious goal for half of all new vehicles sold in the United States to be electric by 2030. But meeting that goal will depend on convincing more Americans that EVs are affordable, in addition to building a nationwide network of charging stations.

While EVs often have a higher sticker price than gasoline-powered cars, they are cheaper to operate due to lower maintenance and fuel costs, especially as gas prices jump to $5 per gallon in most countries.

Most EV models are cheaper to own each month the day they are pulled out of the lot, according to a recent analysis by Energy Innovationa climate and energy think tank based in San Francisco.

But “that finding really hinges on the federal tax credit,” Robbie Orvissenior director of energy policy design at Energy Innovation, told The Climate 202.

“If we didn’t have that $7,500 tax credit,” he says, “the narrative would be reversed.”

Senator Rosen says Congress needs to provide Biden with more money to save the solar industry

Senator Jacky Rosen (D-Nev.), one of the most vocal advocates for solar energy on Capitol Hill, told The Climate 202 on Thursday that he is pushing Congress to allocate more money to President Biden to use Defense Production Act to keep the US solar industry going.

“I fully support providing more funding for the Defense Production Act,” Rosen said. “We have to be sure whether through the Banking Committee, the Appropriations Committee or even through reconciliation, we find the funds.”

Biden on Monday invoked the Defense Production Act to boost domestic clean energy companies, including US solar panel and cell manufacturers, which have been rocked by Department of Trade research on solar panels from four Southeast Asian countries.

The president also waives demolition tariffs on certain panels manufactured abroad for two years. While many solar proponents have praised the move, some domestic producers have questioned whether Biden had the necessary authority under the 1930 Tariff Act, raising the prospect of legal challenges.

“We believe the president has the authority to do that … and any litigation will be rejected,” Rosen said. “But I guess we’ll just have to wait and see.”

Zinke wins Republican primaries in Montana

Ryan Zincewho’s leading Ministry of Home Affairs under President Donald Trump before resigning under the cloud of ethics investigation, projected to win the Republican nomination for the new Montana House seat, our comrades Hannah Knowles report.

Zinke won despite allegations that his wife’s primary residence was in California. He is highly seeded to win in November in a state that Trump won by 16 points in the 2020 presidential election.

As secretary of the interior from 2017 to 2018, Zinke took many steps to spur America’s fossil fuel production as part of Trump’s “energy dominance” agenda.

Explosion at Texas LNG plant raises tensions on global energy markets

An explosion in Freeport LNG a facility in Texas on Wednesday could shut a major natural gas plant off the grid for at least three weeks, company officials said Thursday, adding to pressure on already volatile global energy markets, The Post’s Jacob Bogage report.

A prolonged shutdown of the plant, which accounts for 20 percent of US liquefied natural gas processing and is a major exporter to the UK and the European Union, could have a significant impact on energy prices as markets brace for a summer spike in demand and as the EU begins to disengage from Russian crude. .

“The world is already hobbled, so to speak, for global LNG supply-demand, and the incident at Freeport, I wouldn’t say it pushed the world over the edge, but I think it’s a little closer,” he said. Alex Muntondirector of global gas and liquefied natural gas at Rapidan Energy Group.

Average gasoline prices exceed $5 per gallon

The median cost of gasoline in the United States surpassed $5 a gallon for the first time on Thursday, according to the gas pricing site GasBuddy, Rachel Frazin report for the Hill.

The unprecedented spike comes after months of suffering for drivers at the pump due to inflation, the coronavirus pandemic and Russia’s invasion of Ukraine. Meanwhile, as the country prepares for the summer heat, gas demand is expected to increase and further pressure prices.

In a bid to show voters they are working to lower costs, Democrats are trying to blame oil companies for price gouging charges while they are reaping record high profits. And the majority of drivers agree, Abha Bhattarai and Jacob bogage report for The Post.

According to recently Post-Schar School In the poll, Americans cited several factors for rising gas prices cutting into their budgets, with 72 percent blaming companies, 69 percent blaming war, and 58 percent blaming President Biden and pandemics.

World leaders are making big climate promises. They struggle to follow through.

Last fall, world leaders pledged to move faster to tackle climate change at the COP26 climate summit in Scotland. But now, even as extreme weather events fueled by global warming hit regions around the world, keeping that promise is proving difficult, The Post’s Brady Dennis report.

Although scientists have repeatedly warned that inaction could lead to irreversible climate catastrophe, many policymakers and environmentalists worry that immediate crises, such as the war in Ukraine and the pandemic, are hampering leaders’ ability to take action on global warming. With only a few months left before the next Union of nations climate conference, proponents are unsure when or if the promises will lead to real implementation.

At a climate change conference in Bonn this week, the global climate delegation tried to create a roadmap to help the world achieve its climate goals, but no new agreement was expected from the meeting.

“We have to move these negotiations faster. The world expects it.” Patricia Espinosaexecutive secretary UN Framework Convention on Climate Change, says in Bonn. “It is unacceptable to say that we are in challenging times — they know that climate change is not an agenda that we can push back on our global schedule.”

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