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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp.,

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US battery guidance might slash IRA EV Tax credits

Teslarati

The United States Department of Treasury’s battery sourcing guidance might slash EV Tax credits from the Inflation Reduction Act (IRA). The Treasury will release the battery guidance for the IRA EV tax credits this Friday, April 1, 2023. The battery guidance on sourcing minerals will increase by 10% annually.

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Tesla nickel supplier exploration lease approved by Michigan

Teslarati

has received an approval from Michigan’s Department of Natural Resources (DNR) for an additional 23,000 acres of mineral leases in the Upper Peninsula of Michigan. The post Tesla nickel supplier exploration lease approved by Michigan appeared first on TESLARATI. Talon Metals Corp.

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Rhode Island’s DRIVE EV program encourages sustainable transport

Teslarati

Tesla victorious in Rhode Island after state approves license to sell direct DRIVE EV offers rebates of up to $2,500 for car buyers who purchase or lease a new fully-electric or fuel-cell EV. Why Tesla Model Y tax credit inclusion is good for some and bad for others Used EVs are also a part of the program but offer smaller rebates.

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California considers boosting electric-car rebate to $4,500

Green Car Reports

The California Air Resources Board will discuss Thursday and Friday raising the state's electric vehicle rebate to offset the expiration of federal tax credits for the two largest electric-carmakers, Tesla and GM. The state offers a $2,500 subsidy for electric-car purchases.

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GM taps ex-Tesla battery chief to deliver cheaper EVs sooner

Baua Electric

General Motors has hired former Tesla battery-development boss Kurt Kelty as its new vice president of batteries. EV tax credit aside, neither of these models quite challenge the value of internal-combustion vehicles. The next-generation Bolt EV will have an LFP battery pack and is expected to cost less than that.

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Cadillac teases new Opulent Velocity performance EV concept, is it too little too late?

Baua Electric

After regaining eligibility for the $7,500 EV tax credit, the Chevy Blazer EV 2LT AWD starts at $42,695 (including the credit). That’s still more than the Tesla Model Y, which starts at $36,490 with the tax credit. GM should be doubling down with all of its resources to get EVs into the hands of customers.