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Canada orders three Chinese companies to divest from Canadian critical minerals companies

Green Car Congress

The Government of Canada has ordered the divestiture of the following investments by three Chinese companies in Canadian critical mineral companies: Sinomine (Hong Kong) Rare Metals Resources Co., Limited is required to divest itself of its investment in Power Metals Corp.

Canada 353
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Proposed Changes to Federal EV Tax Credit – Part 5: Making the Credit Refundable

EV Adoption

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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Ansys releases pre-lockdown global survey on vehicle electrification

Green Car Congress

Global findings reveal more optimism for EVs—just 6% of Chinese respondents and 4% of Indian respondents will wait to buy an EV until gas-powered vehicles cease production. US respondents are most likely to buy an EV if the government offers a federal/state tax credit.

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Major deposits of rare earth elements reported at Ramaco’s Brook Mine in Wyoming

Green Car Congress

Based on this data, the Brook Mine could rank among the more promising deposits on a worldwide basis, including Chinese HREE deposits. These deposits contain these valuable REEs on par with conventional REE deposits, but with much less of the low-value lanthanum and cerium that must be removed by separations.

Wyoming 467
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Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit

EV Adoption

One of the proposed changes to the federal EV tax credit that has flown a bit under the radar is also one of the most political and protectionist in nature. Effective January 1, 2022, electric vehicles with final assembly* (see definition at the end) in China would no longer qualify for IRC 30D (federal EV tax credit).

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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

The Chinese steel industry intends to focus first on increasing recycling and energy efficiency before adopting early-stage technologies like hydrogen and carbon capture. China will continue to play a pivotal role. The global steel industry is poised to begin a titanic pivot from coal to hydrogen.

Hydrogen 221
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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

Key developments in the transportation sector that they note include: Positive for gasoline demand: Strong Chinese car growth in 2010, particularly in the first half of the year, with vehicle sales up 30% year-on-year (YoY) through the first eleven months of 2010. ” The team suggests that this may be the last extension for the credit.