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SAFE Report: electricity shortfalls impede IRA’s materials production goals

Green Car Congress

This paradox requires equivalent supply and demand-side policies to simultaneously reduce power and transportation sector emissions and emissions of aluminum production, the report says. However, the series of bills do not address the main obstacle to producing primary aluminum: access to ample supplies of affordable energy, the report says.

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Feature: Bridging the EV Affordability Gap

Clean Fleet Report

Rebates & Tax Credits Don’t Help Most Americans. Even though there are generous EV tax credits, rebates from states and utilities, and other incentives that can save drivers $10,000 or more per EV, most people aren’t aware these programs even exist. Put all together, the customer saves up to $200 a month.

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Hyundai is launching two new electric cars in Europe, a low-cost EV and new IONIQ model

Baua Electric

Our aim is that sales of EVs account for 14 percent of our total sales in Europe this year – or even a bit more,” Cole told the Automotive News Europe Congress. Hyundai is launching the Inster EV, an affordable electric car under $27,000 (25,000 euro), and a new IONIQ model. The new IONIQ EV will join the IONIQ 5 and IONIQ 6.

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DOE to award up to $750M to support clean hydrogen electrolysis, manufacturing and recycling

Green Car Congress

The anticipated FOA will support research, development, demonstration (RD&D), and manufacturing of affordable hydrogen technologies, aligned with the vision outlined in DOE’s draft national clean hydrogen strategy and roadmap.

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SEAT to launch 6 electric and plug-in hybrid models, develop smaller version of MEB for lower-cost EVs

Green Car Congress

The goal of the new platform is to develop affordable electric vehicles, with an entry level price below €20,000. The small electric platform project is a great step towards an even more affordable electric mobility. Profit after tax went up to €294 million—4.6% —Volkswagen AG CEO Dr. Herbert Diess.

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bp to invest up to $8B additional in transition growth engines by 2030, for cumulative $55-65B over 2023-2030

Green Car Congress

bp aims to increase biofuel production to around 100,000 barrels a day by 2030, supported by five major new projects at bp refineries, focused on production of sustainable aviation fuel. As a result of these changes, bp anticipates its oil and gas production will be around 2.3 For 2022, bp incurred a total tax charge of $15.1

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Fisker introduces Alaska pickup truck, Ocean with Force E off-road package; 11 Ocean deliveries in Q2

Green Car Congress

Designed to be the future of clean and affordable mobility for a global mass market, PEAR is available in four trim levels, priced starting at $29,900, and scheduled to be available in mid-2025. million in VAT receivables which Fisker expects to receive as refunds or to monetize against vehicle sales taxes.

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