North Carolina’s Big Clean Energy Plan An Example For Battleground States
Courtesy of RMI.
By Heather House & Shelby Kuenzli
On October 13, 2021, North Carolina Governor Roy Cooper signed into law the first major piece of climate legislation in the Tar Heel state in recent years. North Carolina House Bill 951 — Energy Solutions for North Carolina — was passed by both chambers of the North Carolina state legislature with bipartisan support. Being that North Carolina is a battleground or “moderate” state, this legislation speaks volumes about how climate solutions can become ground for both sides to advance priorities.
With the federal clean energy performance plan hanging in the balance, it’s more important than ever for states and local governments to step up and implement climate action plans. Sixteen states thus far have passed laws requiring greenhouse gas emissions reduction, yet the only other Southeastern state to have done so before October 13 was Virginia. Many typically progressive states have yet to pass similar legislation.
This breakthrough law allows North Carolina to transition from having a Clean Energy Plan and carbon reduction targets to having a concrete law with enforceable steps. The law, while not perfect, is an important step forward and a win for the climate. With this legislation in place, the imminent rulemakings of the North Carolina Utilities Commission (NCUC) will be an important focus for stakeholders to shape the implementation of this new law.
Solar panels in North Carolina organic garden, by Cynthia Shahan/CleanTechnica.
What’s in the Law
The Energy Solutions for North Carolina Act is a breakthrough for advocates and stakeholders across the state who have been working for years to advance a clean energy agenda. The Act directs the NCUC to take all reasonable steps to reduce carbon emissions from the electric sector 70 percent by 2030 and 100 percent by 2050. To achieve this goal, the NCUC will have to implement a plan with the electric public utilities including input from stakeholders.
Here are some significant wins from the Act:
- Of all new solar implemented, 45 percent will have to go through competitive solicitations and must be third-party owned and operated; the other 55 percent will remain utility-owned. This is a win for third-party solar developers and customer rates.
- All coal retirement expenses shall be at least 50 percent securitized, a step that can reduce the costs to utility customers of accelerated plant retirements.
- Performance-based regulations were authorized by H951. While this has the potential to be a win, the details of how the implementation shakes out will determine its success.
- The NCUC will explore on-bill financing of energy efficiency.
- The NCUC will develop a rider for a voluntary energy program that will allow customers to purchase renewable energy or renewable energy credits. This is posed to be a big win for commercial, industrial, and residential customers, but it remains unclear on whether this program will be inclusive of local governments.
These developments in isolation are wins for the state that stakeholders should be proud of; however, a lot of attention has been centered on the shortcomings of the Act. Consumers and consumer advocates, who are concerned about potential electricity rate increases, preferred 100 percent securitization of coal retirement costs and 100 percent competitive all-source procurement. While these targets were reduced, the passing of this legislation creates major strides forward in the right direction.
North Carolina’s Clean Energy Transition — Wins and Lessons Learned
While a lot of the legislation was crafted behind closed doors with few stakeholders directly involved, there were a lot of voices that helped influence this legislation that haven’t been historically present in energy or regulation engagements. For example, the Department of Environmental Quality (DEQ) led an inclusive stakeholder process that included local governments, businesses, industries, power providers, technology developers, residents, and others to increase the use of clean energy technologies, energy efficiency measures, and clean transportation solutions. RMI was honored to support DEQ and the state to run this inclusive stakeholder process and summarize the input from these groups that led to the development of the Clean Energy Plan (CEP).
Following the release of the CEP, DEQ and the state demonstrated commendable leadership. They didn’t put the plan on a shelf. Instead, they worked with a broad set of North Carolina stakeholders to explore two of the top CEP recommendations. DEQ was tasked with setting up “key stakeholder groups to design policies that align regulatory incentives and processes with 21st-century public policy goals, customer expectations, utility needs, and technology innovation.”
RMI supported this effort by facilitating a group of North Carolina energy stakeholders, alongside the Regulatory Assistance Project, through the North Carolina Energy Regulatory Process to develop recommendations for policy and regulatory changes. The efforts of these North Carolina stakeholders yielded a variety of policy proposals and proposed legislation that were carried forward into the 2021 legislative session.
Another component that may have contributed to this legislation was stakeholder input received on Duke’s 2020 Biennial Integrated Resource Plan (IRP). RMI, through the American Cities Climate Challenge Renewables Accelerator, in partnership with World Resources Institute, supported 15 North Carolina cities and counties in learning about pathways for elevating their goals and priorities. The local governments from across the state then requested that the NCUC take their clean energy goals into consideration when reviewing the IRP. All of these cities’ concerns became key topics during legislative discussions. This is prime example of the power that local governments have in swaying the clean energy conversation in their state.
The persistent work of cities, stakeholders, and advocates in North Carolina to make their voices, and the voices they represent, heard haven’t gone unanswered. While the resulting legislation in North Carolina may not be ideal from the perspective of all stakeholders, because of their efforts, the law now better supports a cleaner and more equitable energy transition plan.
After Legislation Comes Implementation
While the Energy Solutions for North Carolina Act is a big win for the state and an example of bipartisan climate collaboration, more work is ahead of North Carolina stakeholders. Over the next 180 days, the commission will host several proceedings and rulemakings that will determine the extent to which the Act’s vision is realized. North Carolina stakeholders need to provide input to ensure the ambition of the North Carolina Clean Energy Plan’s main carbon reduction target is met equitably. RMI was pleased to have the opportunity to support North Carolina stakeholders in getting to this point and looks forward to continuing to support them in realizing the law’s target CO2 reductions.
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French equipment manufacturer Manitou has committed to a joint venture with Chinese forklift manufacturer Hangcha that will see the two companies develop and manufacture advanced lithium-ion batteries to support the electrification of the heavy material handler space.
Manitou is well-known in the West, so they need no introduction. Hangcha, though, is arguably just as capable of a company, having opened its first forklift plant in 1956, manufacturing others’ designs under license. They developed their own, in-house material handler in 1974, and have racked up hits ever since. Hangcha is currently the world’s eighth-largest manufacturer of industrial vehicles globally (sounds wrong, but here’s the source).
The plan for the JV is to upgrade the two companies’ deployed fleets of existing lead-acid battery-powered vehicle with longer lasting lithium-ion (li-ion) batteries to expand their operational lifespan. From there, the focus could switch to diesel retrofits and, eventually, the joint development of entirely new products.
“Deepening strategic cooperation with Manitou Group and jointly establishing a lithium battery joint marks a new phase in the partnership between the two sides, which is a milestone in Hangcha global industrial layout,” explains Zhao Limin, Chairman and General Manager of Hangcha Group. “Leveraging Hangcha’s core technological and manufacturing strengths in lithium battery solutions, we will collaboratively enhance solution capability of new energy industrial vehicle power systems. This partnership perfectly aligns with our shared objectives to accelerate electrification transformation and drive sustainable development, while providing robust support to the broader industrial vehicle market.”
Manitou MHT 12330
Once production begins, the joint venture factory will play a key role in supporting Manitou Group’s “LIFT” strategic roadmap. LIFT aims to expand Manitou’s electric vehicle lineup of telehandlers and forklifts, and have EVs account for 28% of total unit forklift sales by 2030. Hangcha Group, meanwhile, has publicly stated its intention to become 100% electric by the end of 2025.
This joint venture plans to recruit employees including engineers, operators, sales representatives and after-sales service technicians. Le Mans Metropole will support the recruitment and local integration and training of future employees.
SOURCE | IMAGES: Manitou; images by Manitou, via Belkorp AG.
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Environment
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New car buyers like to talk about the latest tech and resale value, but most people don’t buy new cars. The used car market is 3x bigger than new, and if you’re content to let the last guy take that big depreciation hit by scoring a great deal on a reliable, low-mile used car you could save thousands on your next EV.
I know what you’re thinking: these posts are always weird because they’re disproportionally impacted by the COVID-era supply chain disruptions, and the obscene dealer mark-ups that came along with them.
But looking into the data shows trends that are much closer to the kind of think you’d expect to see before COVID, with high-end luxury models like S-Class Mercedes that trade on being new and shiny taking massive depreciation hits and more mainstream offerings from brands like Toyota and Honda that trade on economy and reliability holding strong.
That usual luxury brand hit seems like it’s being compounded over at Tesla, where Elon Musk’s highly publicized political leanings have polarized support for the brand, and alienated a huge portion of the market. Demand for new and used Tesla vehicles has plummeted, and iSeeCars reports that the Tesla Model S suffered the biggest percentage price drop of all makes and models over the last twelve months, showing the pioneering electric sedan’s average price in June 2025 at $46,700, nearly 16%, or $8,800 lower than it was 12 just months earlier.
This isn’t a post about Tesla, though (not intentionally, at least). Instead, it’s about those EVs that have lost the most value since they were first sold new five-ish years ago. So, if you’re looking for a great deal on a pre-loved EV, you could do a lot worse than the list, below, presented in order from biggest “loss” of value.
Top 10 fastest-depreciating EVs
| Make & Model | MSRP | Avg. 5 yrs | >Difference | % Change | |
|---|---|---|---|---|---|
| 1 | Audi Q8 e-tron | $74,400 | $20,958 | -$53,442 | -71.9% |
| 2 | Jaguar I-Pace | $72,000 | $20,047 | -$51,953 | -72.2% |
| 3 | Tesla Model S | $74,990 | $27,835 | -$47,155 | -62.9% |
| 4 | Nissan Leaf (SV Plus) | $36,190 | $13,000 | -$23,190 | -64.1% |
| 5 | Tesla Model X | $79,990 | $32,940 | -$47,050 | -58.8% |
| 6 | Mercedes EQS | $104,400 | $41,121 | -$63,279 | -60.6% |
| 7 | Tesla Model Y | $44,990 | $23,775 | -$21,215 | -47.2% |
| 8 | Hyundai Kona Electric | $32,675 | $13,860 | -$18,815 | -57.6% |
| 9 | Tesla Model 3 | $38,990 | $20,950 | -$18,040 | -46.3% |
| 10 | Porsche Taycan | $99,400 | $48,445 | -$50,955 | -51.3% |
| 11 | Ford Mustang Mach-E | $39,995 | $21,600 | -$18,395 | -46.0% |
Disclaimer: the models and pricing shown, above, were sourced from CarsDirect, Carscoops, iSeeCars, USNews, and Yahoo!Finance. These deals may not be available in every market, and the standard “with approved credit” fine print should be considered implied. Check with your local dealer(s) for more information.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links. More.
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