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IRS seeks feedback on clean hydrogen production tax credit

Green Car Congress

The US Department of the Treasury and the Internal Revenue Service (IRS) have released three notices requesting public input on several tax credit provisions in the Inflation Reduction Act (IRA). These include: Credits for Clean Hydrogen Production (45V) and Clean Fuel Production (45Z) ( Notice 2022-58 ).

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AJR Trucking orders 50 Nikola Tre FCEVs; incentives bring rough cost parity with existing fleet

Green Car Congress

An additional $40,000 in federal tax credits is expected from the Inflation Reduction Act. AJR Trucking and Nikola will explore the opportunities to deploy Nikola’s 10,000 psi (700 bar) mobile fueling solution at AJR Trucking properties in Compton, Calif. to provide convenient and seamless fueling for the FCEVs.

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EIA projects US renewable diesel supply to surpass biodiesel in the near term but remain small part of larger diesel market

Green Car Congress

EIA projects that production of renewable diesel supply will grow because of its compatibility with existing distribution infrastructure and engines, higher state and federal targets for renewable fuel production, incentives from tax credits, and the conversion of existing petroleum refineries into renewable diesel refineries.

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How Hotels Can Power Up Summer Travel with EV Charging Stations

Setec Powerr

This not only attracts environmentally conscious consumers but can also qualify hotels for sustainability-based tax incentives and other benefits such as LEED certification points and carbon credits​. Hotels can manage their chargers through these networks and even set special pricing for guests versus the general public​​.

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ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

Green Car Congress

The United States and the European Union have some of the world’s most aggressive policies for alternative fuel promotion, including volumetric mandates, lifecycle fuel-carbon-intensity requirements, and fuel-taxation schemes. Harmonizing definitions of eligible pathways between this tax credit and the RFS2.

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Fuel provisions in the Tax Relief bill

Green Car Congress

The bill extends the Volumetric Ethanol Excise Tax Credit (VEETC) through 2011 at the current rate of $0.45/gallon gallon producer tax credit for small ethanol producers producing no more 60 million gallon of ethanol a year. gallon credit for small agri-biodiesel producers through 2011.

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How EV Charging Boosts Your Workplace Benefits Package

Blink Charging

EV drivers can save thousands of dollars on fuel and maintenance costs and now qualify for a $4000 used EV tax credit or a $7500 new EV tax credit. This program will help the city meet its net-zero carbon emissions goals and help city employees claim up to $3 million in federal and state incentives.