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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

Currently, consumers can receive as much as $7,500 in tax credits from the federal government for purchasing an electric vehicle, though it requires that buyers pay the full vehicle price and then wait to receive the credit when filing their taxes. It’s not doing a good job of spurring wider adoption of electric vehicles. Roberson et al.

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Neste to acquire Bunge Rotterdam refinery to increase raw material pretreatment capacity for renewable products

Green Car Congress

Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel produced from waste and residue raw materials, has agreed to acquire Bunge Loders Croklaan’s refinery plant located in Rotterdam, the Netherlands for a purchase price of €258 million (US$302 million).

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Abandoned History: The Apple Electric Car Project, Rest in Peace (2014-2024)

The Truth About Cars

Shortly thereafter an Apple board member stated Apple’s co-founder Steve Jobs (1955-2011) suggested the company could build an EV around the time Tesla arrived on the automotive scene in 2008. A product unveiling in 2019 was generally believed. This was likely in anticipation of the purchase of Drive.ai, which occurred in June 2019.

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USA Rare Earth acquires US rare earth permanent magnet manufacturing capability from Hitachi; mine-to-magnet

Green Car Congress

USA Rare Earth, LLC, the funding and development partner of the Round Top Heavy Rare Earth and Critical Minerals Project in West Texas, has purchased the neodymium iron boron (NdFeB) permanent magnet manufacturing equipment formerly owned and operated in North Carolina by Hitachi Metals America, Ltd. billion in 2027.

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Daimler takes minority stake in Sila Nanotechnologies; next-generation lithium-ion battery materials

Green Car Congress

Founded in 2011, Sila Nano is a developer of new battery materials which outperform existing lithium-ion technologies. The company purchases the cells on the world market and is instructing the suppliers to produce based on special specifications. In this way, the company is securing itself the best possible technology.

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Are EVs Charged Mostly By Coal Power in the US?

EV Adoption

Residents of the “Mountain State” only purchased 309 EVs (195 BEVs and 114 PHEVs) last year, while Californian’s purchased 120,793. Said another way, residents of California purchased 390.9 coal fleet to less than 200 GW, more than one-third lower than its peak of 314 GW in 2011.

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Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

Green Car Congress

Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. billion through 2019. That finding takes into account both the higher purchase price of an electric vehicle and the lower fuel costs over the vehicle’s life. Source: CBO.