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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.,

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Ford Scales Back Michigan Battery Plant Investments

The Truth About Cars

Ford has said it will restart construction on the electric vehicle battery facility it’s building in Marshall, Michigan, after pausing work when the UAW strike kicked off a couple months ago. As stated previously, we have been evaluating BlueOval Battery Park Michigan in Marshall.

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Samsung plans $41M enlargement of EV battery operations in Michigan

Baua Electric

The growth will aid the corporate’s fast-growing lithium-ion battery industry for electrical automobiles , important to a doubling of producing capability with the addition of a 2d manufacturing form, the memo mentioned. ” Samsung SDI moved into its Auburn Hills location in 2019, making an investment $62.7

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Bill Ford: Michigan must become the Silicon Valley of the mobility revolution; emphasis on green and smart technologies

Green Car Congress

In an address at the 2012 Mackinac Policy Conference, Ford Motor Company Executive Chairman Bill Ford said that “ Michigan must become the Silicon Valley of the mobility revolution ” and outlined key public policy areas to help improve the state’s competitiveness and ensure that the state realizes the full benefit of that impending revolution.

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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 inadequency of steerage has been a vital worry for producers taking a look to build certain their automobiles qualify for the tax credit, and for sellers taking a look to promote the ones automobiles.

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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 Building of a $3.7-billion

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Ford Investing $550M to Retool SUV Plant to Produce Focus Small Car and EV

Green Car Congress

Ford Motor Company is investing $550 million to transform its Michigan Assembly Plant into a flexible manufacturing complex that will build Ford’s next-generation Focus global small car along with a new battery-electric version of the Focus for the North American market. Local property tax incentives for new investments at the site.

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