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Government of Canada releases framework for ending fossil fuel subsidies

Green Car Congress

The Assessment Framework—the first transparently published methodology worldwide—will be used to determine which tax and non-tax measures constitute an inefficient fossil fuel subsidy. Canada is also committed to phasing out public financing of the fossil fuel sector.

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How to Save Big on a Tesla with Colorado’s New EV Tax Credit

EV Life

With climate change awareness increasing, gas prices continuing to climb, EV charging stations expanding, and tons of new EV options hitting the market each year, it’s no surprise that electric vehicle purchases are skyrocketing. Which Tesla Vehicles Qualify for Colorado’s $5,000 Tax Credit? So act fast for maximum savings!

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Cummins to acquire Meritor in $3.7B deal

Green Car Congress

Climate change is the existential crisis of our time and this acquisition accelerates our ability to address it. Cummins expects the acquisition of Meritor to be immediately accretive to Cummins’ adjusted EPS and to generate annual pre-tax run-rate synergies of approximately $130 million by year three after closing.

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Driving Green Initiatives: Direct Pay Tax Incentives for Local Governments

Blink Charging

Cities and local governments are on the front lines responding to climate change, but high costs have slowed the progress of some sustainable energy projects. Once the project is completed and in operation, note the relevant tax year. Local governments will get their credits as long as they meet the requirements.

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Colorado Electric Vehicle Tax Credit Rises to $5,000

EV Life

The bill puts forth several measures aimed at advancing decarbonization in the state, including tax credits for industrial facilities to implement emission-reducing improvements, new spending for geothermal energy projects and geothermal electricity generation, the construction of sustainable aviation fuel production facilities, and more.

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EV Life is awarded CalSEED grant from the California Energy Commission to make financing electric cars cheaper than gas vehicles.

EV Life

This new CalSEED grant will fund the development of an EV Climate Loan platform. EV Life’s Climate Loan aims to lower the monthly cost of an EV by up to $200/month. The average California driver qualifies for over $10,000 in EV rebates and tax credits, but incentives can take 12 to 18 months to recoup post-purchase.

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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

Green Car Congress

trillion is spent annually on transport globally, mostly in ways that exacerbate rather than solve the problems associated with traffic growth, including congestion, health-harming air pollution, accidents, energy insecurity, and climate change. Transportation is central to the social and economic activity of people across the world.