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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.

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2020 Keeling Curve Prize application period open; transportation and mobility category

Green Car Congress

The application period has opened for the 2020 Keeling Curve Prize, which awards $25,000 to each of 10 projects designed to reduce greenhouse gas emissions or increase their uptake. of Microsoft; George Polk of Tulum Trust; and Jonathan Silver of Tax Equity Advisors, LLC. of the Union of Concerned Scientists; Lucas Joppa, Ph.D.,

2020 186
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New JV in China to produce high-grade Li-ion power battery materials

Green Car Congress

Yilong Investment is obliged to use reasonable efforts to obtain, on behalf of the JV, national-level tax incentives and favorable government treatments, and will coordinate with local financial institutions to provide financing to the JV. In 1999, I founded and became the first general manager of Shanghai Shanshan Technology Co.,

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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Leading international efforts for GHG emission reductions and adaptation. Earlier post.).

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Oxy Low Carbon Ventures, Rusheen Capital Management create company to deploy Carbon Engineering’s direct air capture technology

Green Car Congress

Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental, and Rusheen Capital Management, a private equity firm, have formed a development company, 1PointFive, to finance and to deploy Carbon Engineering ’s large-scale Direct Air Capture (DAC) technology. Carbon Engineering’s DAC technology has four major elements. degrees Celsius.

Carbon 221
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Tenneco acquires Federal-Mogul for $5.4B; to create two independent, public companies

Green Car Congress

Tenneco also announced its intention to separate the combined businesses into two independent, publicly traded companies through a tax-free spin-off to shareholders that will establish an aftermarket & ride performance company and a powertrain technology company. Aftermarket & Ride Performance Company.

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Next 10 report says widespread EV adoption in California could deliver significant economic benefits to the state by 2030 and 2050

Green Car Congress

California’s 2018 GSP was almost $3 trillion ($2,997,732.8 boost over the 2018 GSP. This overall economic expansion generates billions in additional revenue per year from existing tax instruments. million, according to the Federal Reserve Bank of St. Louis (FRED)). Thus, the EV influx would provide approximately a 2.7%