Remove Auto Remove Manufacturer Remove Michigan Remove Tax Credit
article thumbnail

New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp., ITC Holdings Corp.,

article thumbnail

Trade wishes Treasury steerage on Inflation Aid Business’s EV sourcing laws, executives say

Baua Electric

31 on key provisions homogeneous to the Inflation Aid Business’s EV tax credit together with laws laid out beneath Category 30D. The post Trade wishes Treasury steerage on Inflation Aid Business’s EV sourcing laws, executives say appeared first on Bauaelectric Auto News.

article thumbnail

Emerging Michigan Wind Industry Could Offset Some Employment Losses in Auto

Green Car Congress

A new wind turbine assembly plant opening later this year in Novi, Michigan will create about 250 manufacturing jobs which are being sought by displaced autoworkers.The company received $7.3 million in tax credits from the Michigan Economic Growth Authority in December to create 256 direct jobs over six years.

Michigan 150
article thumbnail

After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

car manufacturing.” Located in Michigan, the plant will make LFP cells under license by CATL but will be be run by Ford. So even if Ford or GM controls manufacturing, Chinese intellectual property could make these deals a legal gray area. Japanese and Korean firms currently control 80% of the market.

GM 52
article thumbnail

Ford to Invest Additional $450M in Michigan for Hybrid and Plug-in Vehicle Production; Battery System Design and Development to Be In-House Core Competency

Green Car Congress

Ford Motor Company will invest an additional $450 million in its electric vehicle plan, paving the way to build its next-generation hybrid and plug-in hybrid vehicle vehicles in Michigan beginning in 2012. Ford Executive Chairman Bill Ford made the announcement at the end of the first day of the media preview of the Detroit Auto Show.

Michigan 252
article thumbnail

GM in talks with CATL to license cheaper LFP EV battery tech and joint North American plant

Baua Electric

billion investment last February to build a new LFP plant (BlueOval Battery Park Michigan). The American automaker will manufacture the cells with knowledge from CATL. Both automakers look to sidestep federal regulations requiring EV batteries to be produced in North America to qualify for a tax credit.

GM 52
article thumbnail

Stellantis EV battery plant building resumes then monetary trade in with executive

Baua Electric

signed a binding commitment with the government making sure the manufacturing of battery cells and modules on the facility. NextStar previous this era mentioned it sought after extra subsidies to aid pay for manufacturing of the cells and modules. regulation, battery makers get a tax credit score of U.S. $35