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Tesla nearing limit of $7,500 federal tax credits, which will boost effective prices this fall

Green Car Reports

Adding to Elon Musk's headaches this month, Tesla is about to hit the limit on federal tax credits for electric cars. The tax credits, passed in 2008 as part of the Energy Improvement and Extension Act and signed by President George W. Bush, grant taxpayers who buy.

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Biodiesel Board Study Asserts Critical Importance of Biodiesel Tax Credit, Calls for Extension

Green Car Congress

The original biodiesel tax credit was passed in 2004 and has been extended twice. per gallon excise tax credit. The study examined the economic impact of the biodiesel industry and the negative consequences of allowing the credit to lapse. Economic Impact of Eliminating the Biodiesel Tax Credit.

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Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

Electric vehicles, renewable energy systems, and grid energy storage all rely on efficient and affordable energy storage solutions, primarily lithium-ion batteries. In 2008, the cost per kilowatt-hour (kWh) was $1,355, but by 2022, it had dropped to $153 per kWh. The good news is that things are starting to change.

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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

Direct transportation (fuel) taxes generate the greatest reductions in CO 2 emission from transportation, achieving CO 2 emissions at 86% of 2005 levels by about 2025. The largest reductions in GHG emissions from transportation are obtained by increasing the cost of driving with fuel taxes, resulting in lower emissions in 2030 than in 2010.

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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

Green Car Congress

million in tax credits to four battery companies announcing plans to invest more than $1.7 The four companies receiving the tax credits and announcing plant plans are Johnson Controls-Saft Advanced Power Solutions LLC; KD Advanced Battery Group LLC; A123Systems Inc.; and LG Chem-Compact Power Inc. A123Systems Inc.

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Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

Green Car Congress

US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. Source: Adeyeye et al.

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Global Bioenergies receives ?1M payment after improvements in bio-isobutene process

Green Car Congress

million) from ADEM (French Environment & Energy Management Agency), which operates the Investissements d’Avenir (Investments in the Future) program on behalf of the French government. ISOPROD project will replace isobutene of fossil origin with isobutene of renewable origin with a better environmental and energy balance.

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