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President Obama Awards $2.3B for Tax Credits for New Clean-Tech Manufacturing Jobs; GE Gets Largest Battery-related Award

Green Car Congress

billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. President Obama announced the award of $2.3 The 183 projects in 43 states include several for the manufacturing of advanced batteries; biomass projects; and vehicles.

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Nikola Tre FCEV receives CARB ZEP Executive Order for HVIP eligibility; $240,000 base incentive per truck

Green Car Congress

CARB’s ZEP Executive Order is a certificate of compliance with CARB regulations for zero-emission powertrains determined to meet specific emissions standards required for sale in California. Obtaining this certification is also a requirement for vehicles to qualify for HVIP.

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EIA: California home to almost half of US plug-in electric vehicles

Green Car Congress

Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. These incentives are in addition to a federal (nationwide) tax credit, which ranges from $2,500 to $7,500 depending on battery capacity and gross vehicle weight. Electric vehicles per 1,000 vehicles.

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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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Senate version of “Fiscal Cliff” legislation includes 12 energy tax extenders; boost for algae

Green Car Congress

Extension and modification of credits with respect to facilities producing energy from certain renewable resources. Among other provisions for municipal solid waste, hydro, and biomass facilities, production tax credits for wind facilities are extended to 1 January 2014.

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Chevrolet begins taking orders in all 50 US states for 2012 Volt; $1K drop in starting price

Green Car Congress

The suggested retail price for the Volt will start at $39,995 (or $32,495 assuming a full federal tax credit of $7,500, which is subject to the customer’s eligibility). The price includes an $850 destination freight charge but excludes tax, title and license fees.

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Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit

EV Adoption

One of the proposed changes to the federal EV tax credit that has flown a bit under the radar is also one of the most political and protectionist in nature. Effective January 1, 2022, electric vehicles with final assembly* (see definition at the end) in China would no longer qualify for IRC 30D (federal EV tax credit).