article thumbnail

US battery guidance might slash IRA EV Tax credits

Teslarati

The United States Department of Treasury’s battery sourcing guidance might slash EV Tax credits from the Inflation Reduction Act (IRA). The Treasury will release the battery guidance for the IRA EV tax credits this Friday, April 1, 2023. The battery guidance on sourcing minerals will increase by 10% annually.

article thumbnail

How Truck Stops and Convenience Stores Can Benefit from Holiday EV Travel

Blink Charging

And for a population that associates convenience stores with fueling stations, truck stops and roadside convenience stores have a golden opportunity to attract EV drivers, especially in more rural areas where electric vehicle supply equipment (EVSE) is scarce.

Store 75
article thumbnail

Rural EV charging incentivized in much of the US with Biden guidance

Baua Electric

The Biden administration will use a broad legal interpretation to provide tax credits to EV charging projects in a large swath of the country. The Treasury Department on Friday released additional guidance providing more specific information on what projects will qualify for the revived 30C tax credit. population.

article thumbnail

Blink’s 2023 Year in Review

Blink Charging

Thanks to our new network integrations, we are proud to offer a global Blink Charging experience, so EV drivers can use the same global Blink mobile app at thousands of locations in North America, Latin America, Europe, and Asia. This year, Blink collaborated with leading brands to provide access to more EV chargers to more people.

article thumbnail

How Government Incentives Help Convenience Stores Install Electric Vehicle Chargers

Blink Charging

Here’s what you need to know about the new EV corridors and funding your convenience store’s EV charging project. How Many Charging Stations Will America Install? And this is where truck stops and roadside convenience stores come into play. What are the best EV chargers to install at a truck stop or roadside convenience store?

Store 104
article thumbnail

10 Reasons Your Next Car Should Be an EV

Plug in America

They can also store energy for use at a later time if they have vehicle-to-grid (V2G) or vehicle-to-home (V2H) capabilities. EVs are Eligible for Federal, State, and Utility Incentives The Inflation Reduction Act extended and expanded federal tax incentives for EVs. Many EV models are eligible for up to $7,500 in income tax credits.

article thumbnail

Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

The Dramatic Decline in Battery Costs The Energy Battery Pack in electric vehicles is a key component in storing the energy needed to power the vehicle’s electric motor. Expanding Battery Manufacturing Capacity in North America In North America, the United States is the leading market for lithium-ion batteries.

2008 52