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Michigan Awards $543.5M in Tax Credits to Four Battery Makers, Who Announce Plans for $1.7B Investment in Li-ion Battery Plants in Michigan

Green Car Congress

The Michigan Economic Growth Authority (MEGA) Board awarded $543.5 million in tax credits to four battery companies announcing plans to invest more than $1.7 The state refundable tax credits will help the companies in their quest for some of the $2 billion in federal grants for advanced-battery research and development.

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US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development

Green Car Congress

Like the Recovery Act-funded projects, the annual Clean Cities projects include grants for vehicles, infrastructure, and education. The project will result in expanded availability of alternative fuels with 17 new CNG and E85 fueling stations and 63 electric vehicle charging stations. Total DOE award: $14,999,658.

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Battery companies receive cash boost

Green Cars News

Investment in advanced battery companies continues in the USA where the Michigan Economic Growth Authority (MEGA) has awarded $543.5million in tax credits to four companies with plans to invest more than $1.7billion in lithium-ion manufacturing facilities across the state.

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The EV Battery Wish List

Cars That Think

All this could grant the ultimate, elusive wish for EV makers: Price parity with internal-combustion automobiles. Those chargers must be available everywhere people live and work, Nicholson said, and open to drivers of any car brand. This grand design, naturally, would demand an attendant burst of charger development.

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Ford receives Federal backlash following Chinese battery agreement

Teslarati

As part of this $50 billion electrification plan, Ford is building ten new production facilities in the United States, one of them, a battery production facility in Western Michigan, was announced Monday. Ford was not immediately available to comment to Teslarati regarding the criticism. Specifically, Sen.

Chinese 120
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Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

on a path to reducing emissions more than 40% below 2005 levels, per a Princeton University analysis of the measure’s impacts : expanded tax credits for EVs, batteries, solar panels and wind turbines. And what about changes to the EV tax credit? carbon sequestration (capture and storage, i.e.).

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The redesigned federal EV tax credit and other EV-related measures

Charged EVs

The provision that’s gotten the most press is a redesign of the federal EV tax credit—that’s only natural, because it’s the policy that’s most likely to directly affect the average consumer, and because politicians love to talk about tax breaks. Credit where credit is due.