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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

It will also list current tax credits and incentives applicable to EV charging. A multi-partner team, led by PNNL as part of the Battery500 research consortium, will receive an award of up to $10 million per year for five years to drive progress on DOE’s goal of reducing the cost of vehicle battery technologies. ChargePoint.

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

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Cadillac’s ambitious move to an all-electric luxury brand by 2030

Charged EVs

In part, this is because Cadillac is hugely important for GM’s continuing presence in China, a market that gets more challenging for the US carmaker every year. It’ll never sell in the numbers Chevrolet will, but GM has said Cadillac’s lineup will be all-electric by 2030—only one full product cycle away.