Remove Building Remove Legal Remove Supplies Remove Tax
article thumbnail

Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

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.

article thumbnail

China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO

The Truth About Cars

Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. With an eye on reducing America’s dependence on Chinese batteries and materials, the Act incentivizes automakers to source materials from free-trade-compliant countries and build EVs in North America.

China 98
article thumbnail

New tax rule could save consumers thousands on home energy tech

My Energi

Earlier this week (11 December), the government announced that VAT relief on Energy Saving Materials (ESMs) in residential buildings will be extended to include home batteries, power diverters and water-source heat pumps from 1 February 2024.

Energy 52
article thumbnail

Opinion: Ukraine’s Next Crisis? Economic [and energy] Disaster

Green Car Congress

But the new reality has insiders wondering how Ukraine will produce more of its own natural gas, after the implementation earlier this month of an amended tax code that targets private gas producers with a tax so high that they will significantly reduce production through the end of the year and beyond that is anyone’s guess.

Ukraine 225
article thumbnail

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. Both electric and combustion vehicles went into 2023 with a roughly 50-day supply. Though Ford has said its primary concerns stem from demand.

Michigan 107
article thumbnail

Alcoa splitting into two companies; expecting 2.4x increase in automotive revenues to $1.8B in 2018

Green Car Congress

The separation is intended to qualify as a tax-free transaction to Alcoa shareholders for US federal income tax purposes. With proximity to owned refinery operations, its mining reserves will provide a consistent supply of low-cost bauxite. It has a low 19 th percentile position on the global bauxite cost curve.

2018 150
article thumbnail

Massachusetts sets state GHG emissions limit for 2020 at 25% below 1990 levels, releases plan with additional measures, including Pay As You Drive auto insurance

Green Car Congress

This includes varying the rates on new car sales taxes, annual auto excise (property) taxes, and registration fees, with rates raised on low-MPG vehicles and reduced on high-MPG ones. New policies outlined in the report include: Clean Car Consumer Incentives. GHG) models. by 2020.