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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

The report “Decarbonizing Steel: A Net-Zero Pathway” outlines the path to making profitable, low-emissions steel and describes how a combination of falling hydrogen costs, cheap clean power, and increased recycling could reduce emissions to net zero, even while total output increases. Today’s new plants are tomorrow’s retrofits.

Hydrogen 221
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Proposed Changes to Federal EV Tax Credit – Part 3: MSRP Must Be Less Than $80,000

EV Adoption

Should expensive electric vehicles be excluded from the federal electric vehicle tax credit (IRC 30D)? But it also means that if the base MSRP of an EV is say $78,500 — that after various upgrades, add-ons, and destination charges — an EV costing $90,000 out the door, would still qualify for the tax credit.

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Mad Power thoughts

EV Info

As mentioned in our most recent post the root of the crisis lies in the monomaniacal way in which this government and its recent predecessors have pursued decarbonisation at the expense of other priorities including reliability and affordability of energy. . Gas is the only answer. So that leaves gas with the task of keeping the lights on.

Power 52
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Is tax equity dead? Cap and Trade Disappointment.

Financing 150
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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

And oil only seems cheap. While we’re fixing vehicles, we can also equip them with low-cost real-time MPG indicators that show us how to save money and still get to places quickly. So these retrofits will cost less to drive right away, benefitting public, military, and private fleets, and individual drivers.

Oil 252
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Senate Bill Seeks to Tariff Chinese Vehicles Out of Existence

The Truth About Cars

The plan included adding import taxes on Chinese vehicles assembled in Mexico, even though the USMCA (and NAFTA before that) would have normally given them preferential treatment. manufacturing advocacy group urged Biden to block low-cost Chinese autos and parts from Mexico. On Friday, a U.S. However, U.S.

Chinese 119