California governor Jerry Brown took action this past Friday (Jan 26) to sign an executive order that is intended to boost the number of zero-emission vehicles and charging stations in California.

The governor’s executive order sets the ambitious goal that “all State entities work with the private sector and all appropriate levels of government to put at least 5 million zero-emission vehicles on California roads by 2030.”

The order also calls for the installation of 200 hydrogen fueling stations and 250,000 zero-emission vehicle chargers, including 10,000 direct current fast chargers, by 2025.  Further, all State entities are ordered to “streamline zero-emission vehicle infrastructure installation processes wherever possible.”

Currently California has about 350,00 electric vehicles on the road, so Governor’s Brown’s goal of 5 million is seems ambitious but a goal that can be accomplished by 2030.

California’s clean vehicle rebates have been a major incentive for buyers to buy electric vehicles.  California residents who meet the income requirements can receive a $2500 rebate from the state of California when they buy a new Tesla (or other electric vehicle).  Governor Brown’s administration also stated they are proposing a new eight-year initiative to continue the state’s clean vehicle rebates.

This past week Tesla filed plans (ABS-15G) with the U.S. Securities and Exchange Commission to issue bonds backed by it’s leases on its cars.  Tesla will be establishing a Tesla Auto Lease Trust and they plan to price the bonds early next week.  The initial transaction (2018-A) will be underwritten by Citigroup, Deutsche Bank and Bank of America Merrill Lynch.

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