The Truth About Cars

JANUARY 4, 2024

The EV tax credit rules changed again at the beginning of 2024, and stricter requirements on battery materials sourcing cut several previously qualified models from the list. A spokesperson told the publication, "The Cadillac Lyriq and Chevrolet Blazer EV will temporarily lose eligibility for the clean vehicle credit on Jan.

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Tax Credit GM Tax Cadillac 103

Green Car Congress

DECEMBER 12, 2013

The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. Funded at $2.3 Funded at $2.3 Lead organization.

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CleanTechnica EVs

JULY 14, 2023

As we’ve reported many times, only a handful of automakers have electric vehicles on the US market that are eligible for the full $7,500 consumer tax credit. The cars and the batteries need to be produced here. The most popular electric vehicles in the US do qualify for the tax credit.

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Tax Credit Tax Electric Vehicles Tesla 73

Green Car Reports

APRIL 17, 2023

The revised Clean Vehicle Credit that was enacted last August as part of the Inflation Reduction Act immediately shifted to apply solely to American-made electric vehicles.

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Tax Credit Tax Clean Cleaning 183

Green Car Congress

MAY 24, 2023

Circulor’s “digital battery passport” solution is an enabler of a sustainable, responsible, and circular battery value chain and designed for full compliance with forthcoming EU regulatory requirements. Circulor’s approach can also support the automotive industry in proving the requirements of the US Clean Vehicle Tax Credit.

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CleanTechnica EVs

NOVEMBER 24, 2022

to be a bit loose in determining whether EVs comply with new EV tax credit requirements. Ford wants the U.S. Read on for what’s going on here. Some Background Rare-earth minerals are a big deal.

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Tax Credit Tax Ford Renewable 130

Blink Charging

FEBRUARY 23, 2023

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. It does not act as a rebate (until 2024).

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Green Energy Consumers

APRIL 4, 2023

Back in January, we reported that the federal government was delaying the implementation of the complicated new battery and mineral requirements for the federal tax credit for electric cars, known as the Clean Vehicle Credit. Here’s what you need to know about these upcoming changes to the federal tax credit.

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Tax Credit Tax Electric Cars Cars 71

Setec Powerr

APRIL 26, 2023

One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1 In 2023, the tax credit remains available for eligible new electric vehicles but has undergone some changes compared to previous years.

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EV Life

OCTOBER 7, 2023

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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EV Adoption

AUGUST 18, 2021

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.

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Green Car Reports

MARCH 31, 2023

Department of the Treasury on Friday posted guidance for battery materials, helping to clarify whether those buying EVs as soon as later next month will be able to claim the $3,750 credit dedicated to this under the new Clean Vehicle Credit.

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EV Life

JANUARY 11, 2024

Colorado is one of the newest states looking to accelerate widespread EV adoption through aggressive financial incentives, introducing an electric vehicle tax credit for its residents in 2023. This is great news for Tesla fans, as many Tesla models qualify for the credit. And the federal tax credit just got even easier to use.

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Tax Credit Tax Colorado Tesla 52

Teslarati

AUGUST 7, 2023

Used Teslas will now qualify for the $4,000 tax credit through the Inflation Reduction Act (IRA) that is applicable for electric vehicles (EVs), Plug-In Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs). However, there is one tough yet significant hoop to jump through for a used Tesla to qualify for the credit.

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Tax Credit Tax Tesla Purchase 93

CleanTechnica EVs

JUNE 4, 2023

billion in Inflation Reduction Act production tax credits this year. Benchmark Mineral Intelligence is reporting that Tesla and Panasonic are expected to receive about $1.8 That will put the two companies far ahead of the estimated $480 million that General Motors and LG Energy Solution are expected to receive.

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Tax Credit Tax General Motors Tesla 111

EV Life

APRIL 7, 2023

In this article, we’re going to show you how California residents can save over $15,000 on Tesla Model 3 and Model Y by taking advantage of available EV tax credits, rebates, and incentives. Any unused funds are not available as a refund or to be used on the following year’s taxes. Not anymore.

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Tax Credit Tax Tesla Purchase 52

Green Car Congress

DECEMBER 1, 2022

We can all see that there is growing demand for proof of what is in our batteries and our vehicles. It’s clear that we need to create a circular battery economy in order to build a responsible, electrified future.

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EV Adoption

SEPTEMBER 7, 2021

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers.

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Tax Credit Tax Parts Purchase 59

Green Car Congress

JANUARY 9, 2010

billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. The 183 projects in 43 states include several for the manufacturing of advanced batteries; biomass projects; and vehicles. GE claimed the largest of the battery-related awards, with a $25.5

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Green Car Congress

FEBRUARY 4, 2023

Further, the 2022 Fall Economic Statement included a refundable investment tax credit for clean technologies including industrial zero-emission vehicle charging and refuelling equipment, alongside support for clean energy generation and storage.

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Canada Tax Credit Clean Cleaning 304

Green Car Congress

MAY 13, 2023

Aluminum, the report says, is caught in the middle of the clean energy transition—it is a crucial component enabling economy-wide decarbonization, but at the same time is one of the highest emitting industrial materials. Unfortunately, the demand-side drives for aluminum outpace these few supply-side investments.

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CleanTechnica EVs

SEPTEMBER 11, 2022

Electric vehicle makers in the US may struggle to qualify their customers for a federal tax credit under new rules set by the Inflation Reduction Act. Topping the list is a supply chain makeover focusing on domestic sources. That could mean a new market for halloysite, and if you don’t know what that is, we’re […].

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Tax Credit Tax Electric Vehicles Vehicles 65

Green Car Congress

JANUARY 25, 2012

Sherrod Brown (D-OH), would extend the advanced energy manufacturing tax credit (48C credit). The program provides investment tax credits of 30% for facilities that manufacture energy equipment. It’s unacceptable that 70 percent of clean energy components are made outside of the US.

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Blink Charging

JANUARY 19, 2024

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America.

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Tax Credit Tax North America Clean 94

Green Car Congress

JUNE 20, 2023

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 However, batteries are the fastest-growing demand market for nickel.

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Industrial Industry Global Lithium Ion 243

Green Car Congress

AUGUST 9, 2023

The Argo Series is designed to support all medium-duty applications across Class 4-6—including box trucks, step vans, shuttle buses, refrigerated vehicles, vocational vehicles, and other specialties—and is built on top of Motiv’s next-generation powertrain, including a 150-200 mile range LFP battery.

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Green Car Congress

FEBRUARY 24, 2021

Outlander PHEV is substantially upgraded for 2021, and features a revised powertrain, an enlarged battery pack offering extended all-electric range, and increased performance from a new, more efficient, 2.4 The Outlander PHEV’s main drive battery capacity also grows from 12.0

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PHEV Mitsubishi Batteries Battery 243

Green Car Congress

NOVEMBER 12, 2022

FREYR Battery announced the selection and purchase of a site in Coweta County, Georgia for its planned Giga America battery plant. The SemiSolid platform enables capital and energy efficient production of lithium-ion batteries at scale. billion through 2029.

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Georgia Batteries Battery Tax Credit 150

CleanTechnica EVs

MARCH 27, 2023

If you’re a fan of EVs and you spend much time on social media, you probably saw all of the controversy over the Act’s treatment of battery minerals for EV tax credits. If you remember 2022 (it seems so long ago now), you probably remember the Inflation Reduction Act (IRA). I predicted that the situation […]

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Tax Credit Batteries Battery Production 97

Baua Electric

MARCH 15, 2024

Photo: Salt River Project Arizona’s largest battery storage system is now online and, along with solar and wind, will help power a new Google data center – here’s why that matters. The $600 million solar + battery storage project sits on 3,000 acres south of Buckeye. million in tax revenue over 35 years. Get started here. –

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Google Arizona Batteries Battery 52

Green Car Congress

DECEMBER 23, 2022

In addition to the funding provided by HVIP, purchasers of Nikola’s Tre battery-electric vehicle and FCEVs will also qualify for an additional $40,000 in clean commercial vehicle tax credits in 2023 from the federal government due to the passage of the “Inflation Reduction Act”.

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Scrappage Tax Credit Purchase California 435

CleanTechnica EVs

JANUARY 10, 2023

The classification decisions made by the Treasury are not consistent with either the letter or intent of the Inflation Reduction Act, are unfair to full battery electric vehicles, and are confusing for consumers.

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Tax Credit Tax SUV Electric 97

CleanTechnica EVs

NOVEMBER 2, 2023

Lavish tax credits. Instead, legacy automakers are pulling back from what had been feverish investments in battery gigafactories and excited announcements of new EVs models. Now Ford is delaying billions of dollars of investment in battery plants. […] Price cuts.

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Tax Credit Tax Ford Sale 122

Green Car Congress

SEPTEMBER 1, 2023

Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity. The project secured an up to $398.6-million

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Teslarati

MARCH 31, 2023

based battery plant with one of its suppliers, CATL, according to a new report. Bloomberg reported yesterday that Tesla is potentially looking to build an electric vehicle battery cell production facility somewhere in the United States with CATL , citing people familiar with the matter. Tesla is said to be mulling a potential U.S.-based

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Batteries Battery Tesla Austin 101

Teslarati

FEBRUARY 15, 2024

According to the agreement , WesCEF will supply the South Korean battery supplier with up to 85,000 tons of lithium concentrate. Tesla 4680 battery production by LG starting later this year Through their offtake agreement, LGES and WesCEF aim to deliver top-quality IRA-compliant batteries to customers.

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Supplies Market Arizona Energy 123

Green Car Congress

MAY 8, 2021

An additional $30 million is now available through New York State’s Drive Clean Rebate program to encourage more consumers to lease or purchase an all-electric car or plug-in hybrid electric vehicle. Eligible vehicles under the Drive Clean Rebate include all-electric cars, plug-in hybrid electric cars, and fuel-cell-electric cars.

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