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WKN DE: A0MYYM / ISIN: PLINCLT00015
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31.10.2016 14:07:00
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Moody's: California's electric vehicles will accelerate utility sales growth, could cost state $3 billion in gas tax revenues
New York, October 31, 2016 -- The State of California's (Aa3 stable) ambitious environmental objectives provide strong incentive for continued growth of electric vehicle (EV) ownership, which is credit positive for the state's utilities, Moody's Investors Service says in a report. Credit implications are mixed for auto manufacturers as well as for the state itself, which will collect lower gasoline tax revenues.
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