EVCCC
CNBN In-Depth Client Profile: EV Charging Carbon Coalition (EVCCC)
New EVCCC Coalition Unlocks Carbon Capital Markets to Accelerate EV Charging Infrastructure Investment
EV Charging Carbon Coalition announces breakthrough innovation which opens up access to the carbon capital markets creating further 5-10% return on capital for EV charging infrastructure investors
EVCCC’s Pioneering Leadership
“Transportation greenhouse gas emissions are up across the country, and national public policy is hostile to arresting that trend. So we need all hands on deck in the states and the private sector, with every useful tool deployed. We know displacing internal combustion vehicles with electrics is one of our most important outcomes; that wide deployment of charging stations is a critical factor in enabling that displacement; and that getting access to carbon markets is one of the tools we need to accelerate the deployment of charging infrastructure. Thanks to EVCCC, the VCS program and the work of lots of committed, knowledgeable people, that access is about to open up.”
Bonneville Environmental Foundation, Angus Duncan, President, Chair, Oregon Global Warming Commission
Bonneville Environmental Foundation, Angus Duncan, President, Chair, Oregon Global Warming Commission
“Robust and reliable charging networks are the key to providing drivers everywhere with the confidence to drive electric. Improving the business case for infrastructure investments, especially for fast charging, will make investing in electric vehicle charging projects more attractive and help to push the market forward.”
Northeast States for Coordinated Air Use Management, Arthur Marin, Executive Director
Northeast States for Coordinated Air Use Management, Arthur Marin, Executive Director
“Fueling up with electricity is one of the best things you can do to reduce carbon pollution. By capturing the monetary value of those carbon reductions, this exciting new project will help reduce the costs of charging and accelerate the switch to electric transportation.”
FORTH, Jeff Allen, CEO
FORTH, Jeff Allen, CEO
“As the nation’s largest utility company, we know that our customers want clean energy and new tools to help them reduce their carbon emissions. This new initiative will support our efforts to invest in EV charging infrastructure and make it easier and faster for our customers to adopt cleaner transportation options.”
Suzanna Mora, Director of Utility Initiatives at Exelon
Suzanna Mora, Director of Utility Initiatives at Exelon
“EVgo has already built out the nation’s largest public fast charging network in the U.S., with more than 1,000 DC fast chargers across the country. We recognize the need to expand and accelerate the growth of public charging infrastructure to enable the deployment of electric vehicles, which is why EVgo supports innovative approaches like this which reduce the costs of DC fast charging infrastructure.”
Jonathan Levy, Vice President of Strategic Initiatives, EVgo
Jonathan Levy, Vice President of Strategic Initiatives, EVgo
“There is an acute lack of charging infrastructure, especially more costly DC fast charging, in convenient public locations. More comprehensive and faster EV charging infrastructure have both been identified as key reasons drivers avoid EVs, according to several surveys, including Strategic Vision’s New Vehicle Experience Survey.”
Wayne Killen, Director for Charging Infrastructure Planning and Business Development at Electrify America
Wayne Killen, Director for Charging Infrastructure Planning and Business Development at Electrify America
“Cities everywhere desperately need more EV fast charging. There's not enough to make a road-trip across this country or any country easy. This investment grows the options for everyday EV drivers, making electric charging simple and more efficient for everyone. Any business needing a new carbon offset should jump on board. This will be a game-changer for carbon markets, and a crowd-pleaser for EV drivers everywhere"
Jessie Denver, Energy Program Manager with the City and County of San Francisco’s Department of the Environment, a member of CNCA.
Jessie Denver, Energy Program Manager with the City and County of San Francisco’s Department of the Environment, a member of CNCA.
“One of the original motivations for this EVCCC project was to compensate for the higher costs of deploying and operating EV charging infrastructure. The new carbon credit revenues -- which are expected to yield an estimated 5 percent to 10 percent return on capital -- make these deployments more financially sustainable.”
Sue Hall, founder and CEO, CNBN
Sue Hall, founder and CEO, CNBN
“Verra’s approval of this VCS carbon credit methodology provides another arrow in the quiver to reduce greenhouse gas emissions and confront climate change. Increasing private investment in EV infrastructure by valuing emission reductions will help increase consumer demand for EV’s by providing drivers with easy access to cheaper and cleaner fuel while reducing range anxiety.”
Bryan Garcia, President and CEO of the Connecticut Green Bank
Bryan Garcia, President and CEO of the Connecticut Green Bank
EVCCC Mission and Founding Partners
The EVCCC seeks to open up access to the carbon capital markets for EV charging systems in order to strengthen their business case fundamentals and accelerate deployment. Beyond GM’s business case development, founding members include:
- Electrify America LLC
- Exelon
- EVgo Services LLC
- Siemens
- Connecticut Green Bank
- Carbon Neutral Cities Alliance (including Portland, San Francisco, Seattle, Palo Alto, NYC, Minneapolis, Vancouver BC, Sydney, Adelaide, AU)
