Morgan Stanley notes
'focus by many OEMs from EVs to hydrogen fuel cells (FCEVs) we believe in part to slow down the regulatory expectations on EVs'
my translation
Toyota, Honda ,Hyundai don't like EVs and are pushing Hydrogen vehicles to so disrupt and slow down CARB etc.
More proposed changes to promote hydrogen over battery electric:
It has been proposed to reduce the CA BEV rebate to $2000 (from the current $2500) for Fiscal Year 2014-2015, which starts on July 1, 2014.
CA ARB will consider the funding plan on June 26. More info here
AQIP Funding Plans
The wait list gets paid the existing $2,500 (p34) before it drops to $2000 for the rebate
FCEVs rebate to start at $5,000 (p37,38)
Rejected options such as income and msrp are on page 38
The staff (CARB) is proposing to limit lifetime rebates to two for individuals, retroactive. However, they're also
proposing an exemption for anyone who wants to upgrade to an FCEV but has otherwise maxed out their rebates (pg. 39). Also, as a contingency measure to keep from running out of money, they suggest giving the Executive Officer "the ability to reduce or eliminate rebates for some PHEVs based on all-electric range, if necessary, to help align expected demand with remaining budgetary constraints" (pg. 40).
And, of course, the most CARB-ZEV credits for hydrogen:
Type V - 300+ miles range
"hydrogen" ---- Credit per vehicle: 9**
Type V - 300+ miles range "fast refueling" - Credit per vehicle: 7
Type IV - 200+ miles range "fast refueling" - Credit per vehicle: 5
Type III - 100+ miles range "fast refueling" - Credit per vehicle: 4
Type III - 200+ miles range -------------- Credit per vehicle: 4
Type II - 100+ miles range --------------- Credit per vehicle: 3
Type I.5 - 75-100 miles range ----------- Credit per vehicle: 2.5
Type I - 50-75 miles range --------------- Credit per vehicle: 2
** hydrogen credit at 9 per vehicle for model years 2015-2017 only