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IRS seeks feedback on clean hydrogen production tax credit

Green Car Congress

The US Department of the Treasury and the Internal Revenue Service (IRS) have released three notices requesting public input on several tax credit provisions in the Inflation Reduction Act (IRA). These include: Credits for Clean Hydrogen Production (45V) and Clean Fuel Production (45Z) ( Notice 2022-58 ).

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Louisiana’s SB 8 Is Hoping To End EV Tax Credits Early

CleanTechnica EVs

The bill proposes to accelerate the sunset date of alternative fueled vehicle (electric vehicles and hybrid electric vehicle) tax credits in Louisiana. In essence, they want to end the tax credits earlier than planned. Louisiana’s Ways and Means will hear SB 8 on Monday, May 24.

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Texas reinstates incentives for electric and alternative fuel cars

Green Car Reports

After a three-year hiatus, Texas has reinstated purchase rebates for plug-in electric and other alternative-fuel vehicles. 1 can get a $2,500 rebate from the state, according to a report in the Dallas Morning News, in addition to the $7,500 tax credit from the federal government. Buyers of fuel-cell cars.

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What Businesses Should Know about Changes to the 30C Tax Credit

EV Connect

Since 2018, the gold standard of federal tax credits for EV chargers has been U.S. Code 30C , more commonly known as the "Alternative Fuel Infrastructure Tax Credit" or the “30C Tax Credit.” Formerly, the 30C tax credit gave businesses back 30% of eligible costs up to $30,000 per site.

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DOE publishes list of EVs eligible for new tax credit

Teslarati

Department of Energy’s Alternative Fuels Data (DOE) published a list of electric vehicles that are immediately available for the new $7,500 EV tax credit. Under the new law, only EVs assembled in North America qualify for the credits. You can also reach me on Twitter @JohnnaCrider1.

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Coalition for E85 forms to push for inclusion in Alternative Fuel Credit

Green Car Congress

A coalition of retailers, producers, equipment manufacturers, and others have formed the “Coalition for E85” to push for ongoing US Federal tax credits for ethanol fuel. If the current tax credit for ethanol fuel expires at year’s end, flex fuel vehicle drivers will pay as much as 38 cents more per gallon.

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AJR Trucking orders 50 Nikola Tre FCEVs; incentives bring rough cost parity with existing fleet

Green Car Congress

AJR Trucking , a leading carrier for the United States Postal Service (USPS) and a major drayage carrier operating in the Ports of Los Angeles and Long Beach, has executed a purchase order for 50 Nikola Tre hydrogen fuel cell electric vehicle (FCEV) trucks from Tom’s Truck Centers, a member of the Nikola Corporation sales and service dealer network.

Fleet 322