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Even with $8,000 tax credit extended, fuel-cell lease prices won't change, automakers say

Green Car Reports

An $8,000 federal tax credit on qualifying hydrogen fuel-cell passenger vehicles has been extended through January 2022 though the latest economic stimulus bill passed by the U.S. The tax credit, called the Fuel Cell Motor Vehicle Tax Credit, had been due to expire at the end of the month. It dates back to the George W.

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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

Green Car Congress

The increase in fuel consumption we are forecasting for the summer driving season is a reflection of optimism about the US economy as COVID-19 vaccinations and fiscal stimulus support continued recovery. For diesel fuel, EIA expects retail prices to average $2.91/gal gal this summer, up from an average of $2.43/gal gal last summer.

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California Startup Aurica Motors Trying to Keep NUMMI Plant Open for Manufacturing Electric Cars, Battery Swap System

Green Car Congress

Startup electric car company Aurica Motors announced a plan to keep the NUMMI plant, which employs 4,700 people, from shutting down when Toyota leaves on 31 March. Aurica is trying to obtain Federal economic stimulus funding to convert NUMMI to electric car manufacturing, but is also open to private financing.

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IHS Markit: better-than-expected growth in global automotive semiconductor revenue in 2020; bolstered by uptake in EVs

Green Car Congress

Two factors are driving the recovery, notably low automotive inventory that will result in new car growth next year, combined with stimulus packages designed to benefit the ailing car sector while favoring the switch to electric and hybrid cars, which are typically more expensive than equivalent internal combustion-driven models.

2020 170
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European automotive sector calls for vehicle renewal incentives to kickstart economic recovery after COVID-19; 25-point action plan

Green Car Congress

Demand stimulus will boost the utilization of our manufacturing capacity, safeguarding jobs and investments. Reopen dealerships and motor vehicle workshops as soon as possible. We need a coordinated relaunch of industrial and retail activity, with maintained liquidity for businesses.

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Argus: China’s Southern Rare Earth ups Tb, Ho, Gd, Dy prices; rising magnet demand

Green Car Congress

China’s NEV industry began to recover in the second quarter of this year from the impact of the Covid-19 outbreak, which started in late January, supported by government stimulus measures to encourage production and sales of such vehicles. in 2019.

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Valence Considering Building Battery Plant in US or Europe

Green Car Congress

is considering building a battery plant in the US or Europe and will look into the possibility of funding from the economic stimulus package proposed by President Barack Obama. On Monday, Tanfield announced a deal with Ford Motor Co. On Monday, Tanfield announced a deal with Ford Motor Co. Earlier post.]. Earlier post.].