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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If you haven’t noticed, Genesis is quickly making a name for itself in the US. The luxury automaker now has 60 sales outlets as it expands into new US states. With new EVs launching, Genesis is eyeing a bigger share of the US luxury market.
Hyundai Motor Group’s Genesis brand is quietly emerging as a powerhouse in the US luxury market. Genesis marked its entry into the luxury segment in 2008 as a Hyundai-branded model.
In 2015, Hyundai announced Genesis would become an independent luxury brand. Since launching its first vehicle in the US, the luxury brand’s sales have surged from 7,000 in 2016 to over 69,000 last year. It even outsold Nissan’s Infiniti.
According to Genesis, this is just the start. The Korean luxury brand wants an even bigger slice of the market as it eyes rivals like Porsche.
A big reason behind the brand’s confidence is its new lineup of stylishly electric models. Genesis sells three EVs in the US: The GV60, Electrified G80, and Electrified GV70.
After introducing the Electrified GV70 just last year, the electric SUV is already Genesis’ top-selling EV in the US. According to Kelley Blue Book, Genesis sold 2,343 electric GV70 models in the US through September.
Genesis eyes a bigger share of the US luxury market
Altogether, the luxury brand’s EV sales reached over 4,600 through the first nine months of 2024, topping Porsche (4,291) and Volvo (3,644).
Genesis made a statement at the LA Auto Show, unveiling the updated 2026 Electrified GV70. The luxury electric SUV now includes more range and an NACS port so drivers can charge at Tesla Superchargers. It will go on sale in the first half of 2025.
Meanwhile, Genesis showcased its new GV60 Magma Concept at the event, its first dedicated high-performance EV. The brand sees its Magma performance brand rivaling that of Geman luxury brands like Mercedes AMG, BMW M, and Audi RS.
The Genesis GV60 Magma EV will launch next year, spearheading the brand’s “expansion into the realm of high-performance vehicles.”
Genesis enhanced the battery and motor while fine-tuning the chassis, thermodynamics, and profile for more power and efficiency.
It also features an aggressive new design, sitting much lower and wider than the current GV60 model. Genesis added a Magma-exclusive sound system to give it a sports car-like feel in the cockpit.
In April, we got our first look at the G80 EV Magma concept, which could be a potential challenger to Tesla’s Model S Plaid and the Porsche Taycan GT Turbo.
The luxury brand is expected to launch its flagship electric three-row SUV next year, the GV90. Genesis previewed the ultra-luxury EV in March after unveiling the Neolun concept.
Genesis now has 60 sales bases in the US, with new stores in Washington, Minnesota, New York, and Florida. It’s also building 30 in Canada as it expands its presence in the North American luxury market.
The luxury brand is opening a new dedicated design center in California. The “Genesis Design California” will open in the first half of 2025 as it builds out its US network.
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A rumor spreading like wildfire on social media claims BYD will be taking over NIO (NYSE: NIO) as the EV giant gobbles up market share in China. The rumor was posted by a suspected BYD employee, but NIO is denying the claim.
BYD acquiring NIO would be a massive move as China’s leading EV maker continues to dominate the market. But that’s not going to happen.
According to CnEVPost, NIO’s assistant vice president for branding and communications, Ma Lin, denied the rumors that BYD is taking over the company on Friday.
Ma posted a screenshot on social media asking BYD’s general manager of branding and PR, Li Yunfei if the person who posted the fake rumor was an employee.
Earlier today, the suspected employee claimed BYD and NIO were setting up a joint venture. In a Weibo post, the suspect said BYD would have majority control of the partnership with a 51% share while NIO would get the remaining 49% ownership.
Ma told Li that if it was, in fact, a BYD employee, he needed to issue an official clarification and apologize. If not, they can get the police involved together. Li also denied the rumors, saying the claim was seriously untrue.
NIO denies rumors that BYD is taking over the company
This is not the first time rumors surfaced that BYD will be taking over NIO, but because it is a suspected employee, the post has garnered more attention.
BYD is on a major hiring spree as it ramps up production to meet the higher demand. The EV giant now has over 900,000 employees, making it by far the largest A-share listed company in China.
After selling over 500,000 vehicles for the first time in a single month in October, BYD’s surge is heating up as the EV giant expands overseas for growth.
October was BYD’s fifth consecutive record sales month as it closes in on auto leaders like Ford in global deliveries.
NIO is also gaining momentum, with sales topping the 20,000 mark for the sixth straight month in October. With output of its new lower-priced Onvo L60 electric SUV ramping up, NIO expects to continue seeing higher demand.
Ma said on Friday that NIO’s “recent situation is quite good.” The company’s head of PR added, “Cash flow turned positive in the third quarter, gross profit improved in October, earning an extra RMB 100 million, and Onvo (deliveries) will exceed 10,000 in December.”
NIO is launching its third brand, Firefly, with deliveries kicking off in the first half of 2025. The company expects sales to double next year as it works to become profitable by 2026.
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Hyundai Motors is recalling 145,235 EVs and other “electrified” vehicles in the US, citing concerns about a loss of driving power, the National Highway Traffic Safety Administration (NHTSA) said on Friday.
The NHTSA announced this morning that the recall affects selected IONIQ 5 and IONIQ 6 EVs, as well as certain luxury Genesis models, including the GV60, GV70, and G80 electrified variants, from the 2022-2025 model years, Reuters reported.
It looks like the issue stems from “the integrated charging control units in these vehicles, which may become damaged and fail to charge the 12-volt battery. This malfunction could lead to a complete loss of drive power, posing safety risks for drivers,” the NHTSA stated.
If you’re an owner of one of these Hyundai models dating 2022-2025, stay tuned. Hyundai has not yet provided a timeline as to when affected vehicles will be repaired.
To make that happen, the company’s dealers will inspect and replace the charging unit and its fuse if necessary, NHTSA said. Free of charge, of course.
Importantly, no crashes, injuries, fatalities, or fires due to this issue have been reported in the US, Hyundai reported.
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