The May 2021 Clean Fuels Market Update covers everything you need to know about clean fuel programs across the nation. Some highlights of our quarterly newsletter:
- Q4 2020 saw California LCFS credit generation outpace deficit generation, with the credit bank increasing 4.8% between Q3 2020 and Q4 2020. (Note: LCFS credits are issued on a delayed quarterly schedule; the most recent credit issuance was on April 1 for fuel consumption in Q42020)
- Electricity as a fuel has been increasing in its market share, aside from the dip at the beginning of the pandemic in Q1 2020
- Steady credit pricing for the California LCFS in Q1 2021, with some fluctuation in Q2 2021 as credit prices dipped as low as $173 between March and April, far from its historic highs of $202 per credit.
- Oregon CFP now allows the use of renewable energy credits (RECs) to claim zero-carbon electricity
- Washington state is the next state to adopt a clean fuels program, aiming to reduce transportation emissions by 20% by 2035, with 2017 as the baseline
- Federal, state, and regional grant programs available in California and across the country as regulators push for the transition to zero-emission vehicles and equipment
- Learn about Fast Charging Infrastructure (FCI) crediting and how LCFS credits can lower your capital expenditure in DCFCs
