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

EV Adoption

On February 5, Mike Thompson , Chairman of the House Ways and Means Subcommittee on Select Revenue Measures announced the introduction of the Growing Renewable Energy and Efficiency Now (GREEN) Act (PDF). Rather than reforming the tax credit, it’s time to admit it hasn’t worked and blow it up and move in a different direction.

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Aemetis signs $1B offtake agreement with Delta Air Lines for 250M gallons of sustainable aviation fuel

Green Car Congress

Aemetis, a renewable fuels company focused on negative-carbon-intensity products, signed an offtake agreement with Delta Air Lines for 250 million gallons of blended fuel containing sustainable aviation fuel (SAF) to be delivered over the 10-year term of the agreement. Earlier post.) —Eric McAfee, Chairman and CEO of Aemetis.

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

An estimated 387GW/1,143GWh of new energy storage capacity will be added globally from 2022 to 2030, according to the forecast—more than Japan’s entire power generation capacity in 2020. Co-located renewables-plus-storage projects, in particular solar-plus-storage, are becoming commonplace globally.

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The first entirely US-made crystalline solar panels are coming to market

Baua Electric

Suniva says the catalyst for the pairing was solar project owners and developers wanting their projects to qualify for the 10% Domestic Content Bonus Investment Tax Credit. Between 2016 and 2020, nearly 20% of solar manufacturing jobs were lost.

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Tesla set to dominate North America’s used car market as officials ponder 2nd-hand EV incentives

Teslarati

Telsa could dominate the United States and Canada’s used car industry as politicians contemplate introducing tax credits and rebates for used electric vehicles (EVs). 2021 Tesla Model 3 Performance gives way to the 2020 version of itself in drag race. in Fall 2020 to 6.5% by April 2021. .

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California Governor Schwarzenegger Announces 244 Proposed Renewable Energy Projects Throughout State; Up to 69,925 MW of Capacity

Green Car Congress

California Governor Arnold Schwarzenegger announced the first comprehensive list of 244 proposed renewable energy projects that could produce up to 69,925 MW of clean energy annually. Currently California facilities produce just more than 8,000 MW of renewable energy annually.

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Nevada the site for the Tesla Gigafactory pending legislative approval of incentive package estimated at up to $1.25B over 20 years

Green Car Congress

Elements of the agreement include abatements, tax credits, an economic development rate rider, and an agreement on direct sales. Abatements: Up to 100% abatement of Sales Tax until 30 June 2034. Up to 100% abatement of Real Property Tax until 30 June 2024. Up to 100% abatement of Modified Business Tax until 30 June 2024.

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