article thumbnail

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. The projects were competitively selected through a merit review process. President Obama announced the award of $2.3 GE claimed the largest of the battery-related awards, with a $25.5

article thumbnail

International review study seeks to improve modeling for plug-in vehicle adoption

Green Car Congress

The team reviewed models from 16 countries, including the United States, Germany, China, South Korea, the United Kingdom and Ireland. What is the effect of rebates, tax credits, battery research and development and high-occupancy vehicle lane access? What are consumers’ primary purchase considerations? Till Gnann, Thomas S.

Plug-in 150
article thumbnail

Nevada the site for the Tesla Gigafactory pending legislative approval of incentive package estimated at up to $1.25B over 20 years

Green Car Congress

On Thursday, Nevada Governor Brian Sandoval and Elon Musk, Chairman and CEO of Tesla Motors, confirmed what had been widely leaked the day before: that Nevada and Tesla had reached an agreement—subject to legislative review and approval—that will result in the state being the site for the Tesla Gigafactory. Earlier post.)

Nevada 252
article thumbnail

Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

Green Car Congress

However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise. The Authority will complete its first review—which will provide recommendations on the carbon pricing mechanism’s first five years of pollution caps—by February 2014. —Prime Minister Gillard.

article thumbnail

Redwood Materials receives conditional commitment for $2B DOE loan for battery materials campus project

Green Car Congress

Redwood said that it has been working closely with the Loan Programs Office for more than a year and have undergone an extensive diligence process that thoroughly reviewed technology, the ability to repay the loan, product demand, and dozens of other factors to get to this stage.

article thumbnail

GAO Report Concludes Industry and Government Face Significant Challenges in Meeting RFS Target While Minimizing Unintended Adverse Effects; Suggests Federal Research Give Priority to Non-Ethanol Biofuels

Green Car Congress

As part of the report, which was requested by Senators Barbara Boxer (as Chair of the Senate Committee on Environment and Public Works) and Susan Collins, the GAO makes several recommendations to Congress and for executive (i.e. Federal tax credits, the RFS, and the ethanol tariff have primarily supported conventional corn starch ethanol.

article thumbnail

Conversion supporters petitioning Obama Administration to extend tax incentives to plug-in conversions

Green Car Congress

However, he notes: The US Federal policy discourages aftermarket plug-in conversion in general with no tax incentives that are provided to new plug-in vehicles ($2,500-$7,500 tax credit). Without the same incentives, the plug-in conversion industry will be put into a disadvantaged position and can’t be formed.