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Senate improves EV tax credit in largest climate bill ever

Electrek

The Senate has voted to pass the Inflation Reduction Act, which includes nearly $400 billion over 10 years in funding for climate and energy related programs, and an extension and improvement of the US electric car tax credit. The post Senate improves EV tax credit in largest climate bill ever appeared first on Electrek.

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Fighting Climate Change With Tax Credits

Energy Institute at HAAS

Can we get more carbon mileage out of politically passable climate policy? And the problem with swinging for the fences … Continue Reading Fighting Climate Change With Tax Credits. Build Back Better (BBB) prospects are not looking so good.

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Can Targeted Tax Credits Bring Clean Energy to Coal Country?

Energy Institute at HAAS

The Bidenomics of place-based climate policy. The Inflation Reduction Act (IRA) is a big climate deal. At the heart of this deal are billions of dollars in clean energy tax … Continue Reading Can Targeted Tax Credits Bring Clean Energy to Coal Country?

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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.,

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Used EV tax credit, union-built bonus part of House social and climate bill now headed to Senate

Green Car Reports

The infrastructure and social policy bills passed by the United States House of Representatives this week include many EV provisions, from investments in charging infrastructure to a rejuvenated EV tax credit. 5376) replaces the current federal EV tax credit with a new one that. Now they head to the Senate.

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Lawmakers introduce bill to provide blender’s tax credit for Sustainable Aviation Fuel

Green Car Congress

Dan Kildee (MI-05) and Julia Brownley (CA-26), is supported at introduction by climate groups such as the Environmental Defense Fund and the World Wildlife Fund, and by industry groups, such as United Airlines, Airlines for America, LanzaJet, and the Airline Pilots Association. The legislation would create a tax credit starting at $1.50

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EV tax credit update: House proposal extended to $80,000 EVs, union-made drama remains

Green Car Reports

The most controversial part of the expanded $12,500 EV tax credit so far hasn’t been the spending itself, but the requirement that vehicles getting the top amount—$4,500 of the $5,000 boost the program is being given—will need to be union-made.