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Proposed Changes to Federal EV Tax Credit – Part 5: Making the Credit Refundable

EV Adoption

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers.

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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

Eos Z3 battery module Z3 battery modules store electrical energy through zinc deposition. Domestic production better positions Eos to access the 45X advanced manufacturing direct pay tax credits available under the IRA. The project secured an up to $398.6-million

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J.D. Power: First-time owners find switching to EVs highly satisfactory

Green Car Congress

First-time owners who have made the switch to battery electric vehicles (BEVs) are discovering that it is a positive experience. Power 2022 US Electric Vehicle Experience (EVX) Ownership Study. The overall EVX ownership index score measures electric vehicle owner satisfaction in both premium and mass-market segments.

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

However, while the new tax credit policy supports more growth based on BNEF’s long-term forecast, supply chain constraints cloud deployment expectations until 2024. Record electricity prices are forcing consumers to consider new forms of energy supply, driving the residential storage market in the near term.

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Nissan and Hawaii Partner on EVs

Green Car Congress

Nissan North America and the state of Hawaii formed a partnership to promote the development of electric vehicles, and an electric-vehicle charging network, throughout the state. Nissan is committing to bringing a supply of Nissan LEAF electric vehicles to Hawaii and readying the dealer body to sell and lease them to consumers.

Hawaii 199
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Chevrolet Volt MSRP Starts at $41,000, $33,500 Net of Full Federal Credit; 3-year Lease Program with Option to Buy

Green Car Congress

GM will introduce the Chevrolet Volt extended range electric vehicle with a starting MSRP of $41,000; after applying the Federal income tax credit of $7,500, the price drops to $33,500. The Volt has a total driving range of about 340 miles (547 km) and is powered by electricity at all times.

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J.D. Power sees hybrid and EV share below 10% of US market through 2016 despite rising fuel prices

Green Car Congress

Percentages for overall consideration of alternative powertrains (definitely would / probably would). The inaugural study examines attitudes of US consumers toward four primary alternative powertrain technologies: hybrid electric vehicles; clean diesel engines; plug-in hybrid electric vehicles; and battery electric vehicles.

2016 231