National Post (Latest Edition)

ELECTRIC CAR BOOM GAINS INVESTMENT­S IN THREE STATES

- Bloomberg

In a single day, the electric car boom may have scored hundreds of millions of dollars of additional investment­s in three states. First, New Jersey’s biggest utility owner Public Service Enterprise Group laid out a plan to spend US$300 million on electric-car charging stations. Then California cleared utilities to invest a combined US$738 million on projects promoting EVs. And the New York Power Authority committed as much as US$250 million on charging stations, including ones at airports. States are doubling down on efforts to replace gasoline-guzzling cars with emissions-free, electric vehicles, even as the White House moves to unravel automotive efficiency standards. Just as electric-car initiative­s were gaining speed in California, New Jersey and New York on Thursday, the Trump administra­tion was said to be seeking an end to California’s unique authority to set its own fuel efficiency limits to curb emissions.

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