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GM expects Chevrolet Silverado EV to get full $7,500 tax credit

Teslarati

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. The legacy automaker recently announced that its customers will benefit from the full $7,500 clean vehicles purchase incentive across its entire EV fleet lineup under a given MSRP cap.

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President Obama Awards $2.3B for Tax Credits for New Clean-Tech Manufacturing Jobs; GE Gets Largest Battery-related Award

Green Car Congress

billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. Porocel Industries, LLC. RE-Gen LLC will receive a $903,480 credit to support building a factory to produce Biomass Gasification Furnaces with a capacity of 250 systems/year.

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US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development

Green Car Congress

Geographical distribution of Clean Cities Recovery Act awards. The US Department of Energy (DOE) has selected 25 cost-share projects under the Clean Cities program that will be funded with nearly $300 million from the American Recovery and Reinvestment Act. Clean Energy Coalition’s CEC Michigan Green Fleets Initiative.

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3 Reasons an Electric Vehicle is the Perfect Present

EV Match

One of the biggest myths those of us working in the EV industry encounter day after day is the belief that electric cars are simply too expensive to even consider buying. Car and Driver ‘s comparison did factor in the $7,500 federal tax credit, but it didn’t consider state, utility, and local credits and incentives.

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Emerging Michigan Wind Industry Could Offset Some Employment Losses in Auto

Green Car Congress

million in tax credits from the Michigan Economic Growth Authority in December to create 256 direct jobs over six years. Tags: Brief. A new wind turbine assembly plant opening later this year in Novi, Michigan will create about 250 manufacturing jobs which are being sought by displaced autoworkers.The company received $7.3

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US and China Presidents Announce US-China Electric Vehicles Initiative, Six Other Measures to Strengthen Cooperation Between the Countries on Energy Issues

Green Car Congress

The roadmap will be made widely available to assist not just US and Chinese developers, but also the global automotive industry. In the United States, the American Recovery and Reinvestment Act expanded a $7,500 consumer tax credit for electric vehicles and included $2.4 Public awareness and engagement.

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How Much is a Tesla? Much Less, After These Tax Credits and Rebates

EV Life

Teslas are by far the most popular electric vehicles in the industry today, controlling over 60% of the EV market. The reason for the price changes is due to several factors, including shifts in demand and changes to federal rules regarding which electric vehicles qualify for tax credits.