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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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“Lithium tax” gets approved in California amid critics’ opposition

Teslarati

A plan to tax lithium, which is widely used in the production of electric vehicle batteries, has been approved in California as part of the state’s efforts to generate revenue for environmental remediation projects. The California lithium tax was approved by Governor Gavin Newsom as part of a must-pass state budget on Thursday.

Tax 98
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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 post US battery guidance might slash IRA EV Tax credits appeared first on TESLARATI.

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Liontown and Tesla enter into a binding term sheet for supply of lithium from Kathleen Valley project

Green Car Congress

Australia-based battery materials company Liontown Resources Limited entered into a legally binding sales and purchase term sheet with electric vehicle manufacturer Tesla for the supply of spodumene concentrate. Underpinned by a world-class lithium deposit with a Mineral Resource Estimate of 156 Mt at 1.4%

Supplies 243
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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.

Michigan 109
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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

Green Car Congress

Tesla in Berlin, Northvolt in northern Germany and Italvolt near Turin are among the projects that stand to lose the greatest volumes of their slated capacity as the companies weigh up investing in the US instead. Battery investment in the US and China continued to grow, and European companies have already signalled expansion in America.

Companies 430
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Tesla beefs up India executive team with Porsche alumnus

Teslarati

Tesla has added another member to its executive team for its electric car operation in India. This can include service and support and likely hints toward the introduction into potential Service Center locations for Tesla that the company will need to build throughout the country to keep its vehicles up and running. Prashanth R.

India 117