Remove Building Remove Congress Remove Grant Remove Tax Credit
article thumbnail

Imperium3 New York produces its first full-sized prismatic cells

Green Car Congress

The Imperium3 consortium, which is building the New York-based gigafactory, consists of Magnis Energy, Charge CCCV LLC (C4V), and Boston Energy and Innovation (BEI). million, including a $4 million Upstate Revitalization Initiative grant and $3.5 Magnis direct and indirectly owns 50.86% of iM3NY. iM3NY product roadmap.

New York 468
article thumbnail

Biofuel Companies and Trade Associations Push for Extension to Investment Tax Credits for Cellulosic Biofuels and The Inclusion of Algae Biofuels

Green Car Congress

A group of 35 biotechnology and biofuel companies and trade associations are urging the leaders of the House Ways and Means Committee to extend tax credits for cellulosic biofuels for four years, to allow algae biofuels to qualify for those tax credits, and to create an option for monetizing the tax credits as tax refunds.

article thumbnail

Biden attends the Detroit auto show to further promote EVs

Setec Powerr

14, thus making more people aware of the accelerating transition to electric vehicles by automakers and the billions of dollars companies are investing in building battery plants. funding to build electric vehicle charging stations in 35 states as part of a $1 trillion infrastructure bill approved by the U.S. in November of last year.

Detroit 97
article thumbnail

Feature: Bridging the EV Affordability Gap

Clean Fleet Report

Rebates & Tax Credits Don’t Help Most Americans. Even though there are generous EV tax credits, rebates from states and utilities, and other incentives that can save drivers $10,000 or more per EV, most people aren’t aware these programs even exist. Put all together, the customer saves up to $200 a month.

article thumbnail

LG Chem to Build $ 303M Li-ion Plant in Holland, MI

Green Car Congress

will build its new $303 million lithium-ion battery manufacturing facility in Holland, Michigan. million grant the company received from the US Department of Energy (DOE) as part of the Recovery Act Award for Electric Drive Vehicle Battery and Component Manufacturing Initiative. LG Chem Ltd. Michigan Governor Jennifer M.

Li-ion 199
article thumbnail

Lordstown Motors cuts 2021 production estimate for electric pickup to at best 50% of prior expectations

Green Car Congress

To-date, the company has completed construction of 48 out of 57 prototypes and will begin pre-production vehicle (PPV) builds in July. Lordstown’s timeline to Start of Production (SoP) in late-September 2021, which will be at limited capacity, remains on track. —Steve Burns, Lordstown Motors’ Chairman and CEO.

Motor 221
article thumbnail

Nevada the site for the Tesla Gigafactory pending legislative approval of incentive package estimated at up to $1.25B over 20 years

Green Car Congress

Elements of the agreement include abatements, tax credits, an economic development rate rider, and an agreement on direct sales. Abatements: Up to 100% abatement of Sales Tax until 30 June 2034. Up to 100% abatement of Real Property Tax until 30 June 2024. Up to 100% abatement of Modified Business Tax until 30 June 2024.

Nevada 252