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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp.,

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Daimler AG Board approves Project Future corporate restructure; goes to shareholders in 2019

Green Car Congress

The Board of Management and Supervisory Board of Daimler AG has approved a new corporate structure for Daimler AG. Following approval by the Board of Management and Supervisory Board the corporation can now move into the implementation phase of what it calls “PROJECT FUTURE”.

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Air Products and AES plan to invest ~$4B for mega-scale green hydrogen production facility in Texas; 200 metric tons per day

Green Car Congress

Air Products and The AES Corporation plan to invest approximately $4 billion to build, own and operate a green hydrogen production facility in Wilbarger County, Texas. It is also expected to generate approximately $500 million in tax benefits to the state over the course of the project’s lifetime, while extending Texas’ energy leadership.

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EV tax credit score rules will have to be adopted, Manchin tells Treasury

Baua Electric

“My comment is simple: Follow the law,” he wrote in an 11-page letter to Treasury, explaining that the tax credit score’s objective is “no longer to promote the purchase and use of [EVs] … but to promote reliable domestic supply chains for the critical minerals and battery components” had to energy them.

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Unifrax to build large-scale silicon fiber anode manufacturing line

Green Car Congress

The Indiana Economic Development Corporation offered Unifrax up to $1.1 million in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Indiana residents are hired.

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FCA to build new hybrid and electric Jeep, Fiat and Alfa Romeo cars at Tychy in Poland

Green Car Congress

The granted support concerns the creation of favorable conditions for the implementation of the planned investment by providing FCA with the possibility of taking advantage of tax reliefs in the field of corporate income tax (CIT). The FCA Poland plant (Tychy) is one of the largest FCA production plants. It covers an area of 2.4

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SAE World Congress panel highlights progress on H2 infrastructure and fuel cell vehicle commercialization

Green Car Congress

Although the SAE World Congress has been running panel sessions on fuel cell vehicle commercialization since 2005, this year was the first in which three participating automakers—Toyota, Hyundai and Honda—had fuel cell vehicles that customers can buy now or within a year. Earlier post.) Earlier post.) Earlier post.).

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