Dive summary:
- The California Energy Commission is giving $17 million in funding to eight waste-to-renewable transport fuel companies.
- The state's goal is to have 1.5 million zero emission vehicles on the road by 2025 along with the infrastructure to support 1 million of those vehicles by 2020.
- The Commission will invest approximately $90 million this fiscal year in programs that work towards achieving the state's climate change policies.
From the article:
The program is paid for through surcharges on vehicle and boating registrations, and smog check and license plate fees, and the state's investments in these projects are safeguarded by matching fund requirements for awardees, and by making payments on a reimbursement basis after invoices are submitted.
The Commission added that the awards also assist in fulfilling Governor Brown's executive order directing state government to support the rapid commercialisation of zero-emission vehicles (ZEVs) in California, with a 2025 target of having 1.5 million ZEVs on the state's roads.
The order also requires the installation of sufficient infrastructure to support 1 million ZEVs in California by 2020. ...