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

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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 Lead organization. Description. 30 million.

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Ford prices C-MAX Energi plug-in hybrid at $29,995 after federal tax credit; expects conquest rate of about 50%

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Its eligibility for a $3,750 federal tax credit drops that to $29,995. The base MSRP for the Prius Plug-in Hybrid is $32,000. The Prius Plug-in Hybrid Advanced will have an MSRP of $39,525. Both Prius Plug-in models qualify for a federal tax credit of $2,500.

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Michigan Awards $543.5M in Tax Credits to Four Battery Makers, Who Announce Plans for $1.7B Investment in Li-ion Battery Plants in Michigan

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The Michigan Economic Growth Authority (MEGA) Board awarded $543.5 million in tax credits to four battery companies announcing plans to invest more than $1.7 The state refundable tax credits will help the companies in their quest for some of the $2 billion in federal grants for advanced-battery research and development.

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ALTe LLC Approved to Receive an $8.4M MEDC Tax Credit for Electric Powertrain Development, New Facility in Auburn Hills

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Michigan-based electric powertrain company ALTe LLC ( earlier post ) was approved to receive a tax credit valued at $8.4 million over seven years from the Michigan Economic Development Corporation’s (MEDC) Michigan Economic Growth Authority (MEGA) board.

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Ford to Invest Additional $450M in Michigan for Hybrid and Plug-in Vehicle Production; Battery System Design and Development to Be In-House Core Competency

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Ford Motor Company will invest an additional $450 million in its electric vehicle plan, paving the way to build its next-generation hybrid and plug-in hybrid vehicle vehicles in Michigan beginning in 2012. Ford has also announced it will produce hybrid transaxles at its Van Dyke Transmission facility in Sterling Heights, Mich.,

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

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Total US sales of plug-in electric vehicles (PEVs)—battery electric and plug-in hybrid electric—have increased in recent years, but still represent only about 0.7% Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. of new vehicle sales in 2014 so far, up from 0.6% in 2013 and 0.4%

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Ford Receives $55M Incentive from State of Michigan for Battery and EV Work

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Ford Motor Company has received a $55 million incentive from the Michigan Economic Development Corporation (MEDC) for its work in advanced battery and electrical vehicle development. Ford will receive refundable tax credits through the new Michigan Advanced Battery Credits initiative. Earlier post.)

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