R8 Electric Car
Kym Wash
The word electric is derived from the Greek word for amber, elektron. It is only in modern times that practical use has been made of electricity, but some electrical phenomena have been known since antiquity. Certain philosophers of ancient Greece found that by rubbing amber with a piece of cloth, they could enable the amber to pick up light objects, such as feathers. In the 17th century, students of natural science began to discover that other natural phenomena were related to the effect of friction on amber.
Visit our Corporate Sustainability web pages to see data and detailed information regarding our recent sustainability milestones and our approach to environmental stewardship and social responsibility
With the popularity of electric vehicles (EVs) on the rise, we're committed to providing you with extensive information on the benefits and potential savings of driving electric. Here you can find answers to your questions about EVs, along with information about our special rates and state incentives.
Our mission is to promote environmental sustainability through the electrification of residential and commercial heating and cooling products. We work to advance products that reduce dependence on fossil fuels, while also reinforcing to our core values of providing superior quality, reliability, and service.
**According to the U.S. Department of Energy, today's heat pump can reduce your electricity use for heating by approximately 65% compared to electric resistance heating such as furnaces and baseboard heaters.
The electric program makes insured loans and loan guarantees to nonprofit and cooperative associations, public bodies, and other utilities. Insured loans primarily finance the construction of electric distribution facilities in rural areas. The guaranteed loan program has been expanded and is now available to finance generation, transmission, and distribution facilities. The loans and loan guarantees finance the construction of electric distribution, transmission, and generation facilities, including system improvements and replacement required to furnish and improve electric service in rural areas, as well as demand side management, energy conservation programs, and on-grid and off-grid renewable energy systems.
Electric Infrastructure Loan Programs provide investment capital in the form of loans and loan-guarantees for the maintenance and improvement of electric infrastructure in areas where commercial capital is not available. This type of investment increases economic opportunity and quality of life in rural communities nationwide by maintaining a seamless electric network for all Americans, regardless of where they live.
NOTE: Program details may change over time. Before you begin an application, please confirm you have the most current information by contacting a GFR who serves your area for assistance or consult the program Instructions listed in the section above titled "What Governs this Program?"
The Rural Utilities Service (RUS) announces the Self-Evaluation and Transition Plans (Section 504 of the Rehabilitation Act of 1973) and all RUS Recipients, Grantees, and Borrowers are required to conduct Self-Evaluations of their facilities, policies, procedures, and practices for compliance with Section 504 of the Rehabilitation Act of 1973. Read the Memorandum dated August 25, 2021 for details.
Providing reliable, affordable electricity is essential to sustaining the economic well-being and quality of life for all of the nation's rural residents. The Electric Program provides leadership and capital to maintain, expand, upgrade, and modernize America's vast rural electric infrastructure. Under the authority of the Rural Electrification Act of 1936, the Electric Program makes direct loans and loan guarantees (FFB), as well as grants and other energy project financing to electric utilities (wholesale and retail providers of electricity) that serve customers in rural areas.
This program assists the Denali Commission in lowering the cost of energy for families and individuals in areas with extremely high per-household energy costs (275% of the national average or higher).
This program can provide loans and loan guarantees to energy project developers for distributed energy projects including renewables that provide wholesale or retail electricity to existing Electric Program borrowers or to rural communities served by other utilities.
This program makes insured loans and loan guarantees to nonprofit and cooperative associations, public bodies, and other utilities. Insured loans primarily finance the construction of electric distribution facilities in rural areas.
The Energy Efficiency and Conservation Loan Program (EECLP) provides loans to finance energy efficiency and conservation projects for commercial, industrial, and residential consumers. With the EECLP, eligible utilities, including existing Rural Utilities Service borrowers can borrow money tied to Treasury rates of interest and re-lend the money to develop new and diverse energy service products within their service territories.
The Energy Resource Conservation (ERC) Program enables current Rural Utilities Service (RUS) borrowers to make funds available to their consumers for energy conservation and renewable energy projects by deferring payment of principal and interest.
This program assists energy providers and other eligible entities in lowering energy costs for families and individuals in areas with extremely high per-household energy costs (275 percent of the national average or higher.)
The Rural Energy Savings Program (RESP) provides loans to rural utilities and other companies who provide energy efficiency loans to qualified consumers to implement durable cost-effective energy efficiency measures.
This program helps State governments establish and support revolving loan funds to provide a more cost-effective means of purchasing fuel for remote communities that are not served by surface transportation (highways, transit systems, railways, and waterways) year round.
The RUS Electric Program is comprised of four offices: the Office of Loan Origination and Approval (OLOA), the Office of Portfolio Management and Risk Assessment (OPMRA), the Office of Customer Service and Technical Assistance (OCSTA) and the Grid Security Division (GSD).
OLOA is the primary contact for all electric borrowers and consists of a Financial Operations Branch, an Engineering Branch, and three teams of General Field Representatives (GFRs). The GFRs assist the Borrower with the development of loan applications, support materials, and the submission of loan applications (see paragraph below). The Financial Operations and Engineering Branches within OLOA provide guidance to borrowers for all financial and operational activities, as well as assistance with the development and approval of construction work plans and environmental clearance. Activities within OLOA continue through loan approval and the obligation of loan funds.
GFRs serve as the local information conduit for the borrowers and headquarters staff. There is a tremendous amount of activity at the state and federal level related to the electric industry. The GFRs keep borrowers current on issues that profoundly impact their business. GFRs play a critical role in the flow of information to electric borrowers. This two-way flow of information enhances our continuing relationship with the borrower and improves the effectiveness of our outreach efforts.
OPMRA consists of three branches: a Financial Operations Branch, an Engineering Branch, and a Loan Monitoring and Forecasting Branch. The Financial Operations Branch and Engineering Branch provide the necessary post-loan services to the loans and grants made by the Electric Program. The Loan Monitoring and Forecasting Branch review financial and operational performance to assess and mitigate any potential risks to Government securities.
OCSTA consists of a Policy and Outreach Branch (POB) and an Engineering Standards Branch. The Policy and Outreach Branch is involved in the review of agency policies, revising them as needed, and communicating them to our customers. POB also plans and coordinates outreach activities with borrowers, associations and other stakeholders of the Electric Program. Outreach efforts provide valuable opportunities for customer engagement and provides important and timely feedback for the Electric Program to update its products and services. The Engineering Standards Branch develops and maintains engineering bulletins, regulations, and related activities. Technological services provided by this Branch relate to the design, construction, operation and maintenance of rural electric distribution and transmission lines and their materials. Standards and specifications enable RUS borrowers to build the most efficient and affordable infrastructure to deliver electricity to rural America.
Electric vehicle markets around the world are not all travelling in the same direction or at the same speed in 2024. Sales of EVs continue to rise globally, but some markets are experiencing a significant slowdown and many automakers have pushed back their EV targets. Progress varies by segment, with electric commercial vehicles set for another blistering year and segments like buses and two- and three-wheelers already reaching very high levels of electrification.
China still dominates the global EV market, but sales are rising quickly elsewhere too. Electric vehicles are no longer only a wealthy country phenomenon. Developing economies like Thailand, India, Turkey, Brazil and others are all experiencing record sales as more low-cost electric models are targeted at local buyers
BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
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