The United States Senate hasย blocked a landmark California electric vehicle mandateย that would have required the state to phase out gas-powered vehicles in favor of battery electric vehicles (BEVs). Although California already has theย largest fleet of BEVs in the U.S., the mandate aimed to accelerate electrification by pressuring carmakers to develop more EV models.
Green energy ecosystem players likeย SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2)ย may now have to rethink their market strategies andโฆ
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