article thumbnail

New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp., ITC Holdings Corp.,

article thumbnail

How Do the Electric Vehicle Tax Credits Work?

Blink Charging

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. First, the easy part: How do I claim the $7,500 EV tax credit?

article thumbnail

Jacobs and Cirba Solutions expand sustainable battery processing in US

Green Car Congress

Cirba Solutions, a comprehensive battery materials and management company for end-of-life batteries and gigafactory scrap, selected global professional services company Jacobs to expand manufacturing capacity for sustainable electric vehicle (EV) battery materials across North America.

article thumbnail

Ford re-opens order books for Mach-E; higher range, lower pricing; all standard range models with LFP packs

Green Car Congress

In addition to increased targeted range and power, standard range models can now charge to 100% more frequently via AC home charging. When on the road, DC fast charging to 80 percent battery capacity from 10 percent is 33 minutes, a 5-minute reduction when compared to previous standard range models.

Standards 417
article thumbnail

REE begins customer deliveries of electric truck – Charged EVs

Baua Electric

REE has initiated customer deliveries of the first batch of P7-C demonstration trucks for multiple fleet evaluations in North America via its dealer network. The P7-C qualifies for the IRS Commercial Clean Vehicle Tax Credit , which offers a tax credit of up to $40,000 per vehicle.

article thumbnail

Syrah begins production of active anode material in Louisiana – Charged EVs

Baua Electric

China’s recent export limits on natural and synthetic graphite and its products and US guidance on the definition of foreign businesses of concern that affect eligibility for the Section 30D tax credit for new EVs highlight the importance of building a supply chain in North America, the company said.

article thumbnail

What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

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.