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DOE awards $98M in tax credits to automakers and suppliers for clean technology manufacturing

Green Car Congress

The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. Funded at $2.3 Funded at $2.3 Lead organization. Description.

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US Sen. Brown introduces legislation to extend advanced energy manufacturing tax credit

Green Car Congress

Sherrod Brown (D-OH), would extend the advanced energy manufacturing tax credit (48C credit). The program provides investment tax credits of 30% for facilities that manufacture energy equipment. The Security in Energy and Manufacturing (SEAM) Act, authored by US.

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Biofuel Companies and Trade Associations Push for Extension to Investment Tax Credits for Cellulosic Biofuels and The Inclusion of Algae Biofuels

Green Car Congress

A group of 35 biotechnology and biofuel companies and trade associations are urging the leaders of the House Ways and Means Committee to extend tax credits for cellulosic biofuels for four years, to allow algae biofuels to qualify for those tax credits, and to create an option for monetizing the tax credits as tax refunds.

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US DOE releases 2023 Critical Materials Assessment to evaluate supply chain security for clean energy technologies

Green Car Congress

In addition to informing crosscutting DOE priorities including the Critical Materials Research, Development, Demonstration, and Commercialization Application Program (RDD&CA), the DOE Critical Materials List will inform eligibility for tax credits under the Inflation Reduction Act 48C.

Clean 370
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Natural-Gas Vehicles To Get Electric-Car Tax Credit In Transportation Bill?

Green Car Reports

As another Congressional session winds down, the two houses are working to pass a long-overdue transportation funding bill. Congress passed an interim funding bill last week, to keep transportation funding.

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The Complex Calculus of Clean Energy and Zero Emissions

Cars That Think

Congress has provided hundreds of billions of dollars to speed the deployment of clean-energy technologies. As legislation worked its way through Congress, Jenkins’s team provided elected officials, staffers, and stakeholders with a running tally of the possible trade-offs and payoffs in emissions, jobs, and economic growth.

Clean 100
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Emerging Michigan Wind Industry Could Offset Some Employment Losses in Auto

Green Car Congress

A new wind turbine assembly plant opening later this year in Novi, Michigan will create about 250 manufacturing jobs which are being sought by displaced autoworkers.The company received $7.3 million in tax credits from the Michigan Economic Growth Authority in December to create 256 direct jobs over six years. The Detroit News.

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