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

Commercial EV Charging Station Installation Guide

Setec Powerr

Were you thinking about installing commercial EV charging stations? However, commercial EV charging stations usually choose Level 3 chargers or a combination of Level 3 and Level 2 chargers. Also, available tax credits can significantly reduce costs. Types and costs of charging station. Step 1: Market Research.

article thumbnail

DOE announces $110M for carbon capture, utilization, and storage projects

Green Car Congress

DOE’s program has deployed various large-scale CCUS pilot and demonstration projects; DOE said that it is imperative to build upon these learnings to test, mature, and prove CCUS technologies at the commercial scale. The selected projects will support FEED studies for commercial-scale carbon capture systems.

Carbon 223
article thumbnail

Michigan Awards $543.5M in Tax Credits to Four Battery Makers, Who Announce Plans for $1.7B Investment in Li-ion Battery Plants in Michigan

Green Car Congress

million in tax credits to four battery companies announcing plans to invest more than $1.7 The four companies receiving the tax credits and announcing plant plans are Johnson Controls-Saft Advanced Power Solutions LLC; KD Advanced Battery Group LLC; A123Systems Inc.; and LG Chem-Compact Power Inc. A123Systems Inc.

article thumbnail

Lordstown Motors cuts 2021 production estimate for electric pickup to at best 50% of prior expectations

Green Car Congress

In its report of first quarter 2021 financial results and outlook, Lordstown Motors, a startup developing electric light duty trucks focused on the commercial fleet market ( earlier post ), said that the expected production of its Endurance full-size electric pickup in 2021 will be limited—at best 50% of prior expectations.

Motor 221
article thumbnail

Why Fleet Owners Are Electrifying Their Vehicles This Year

Blink Charging

The best time to transition your business vehicle fleet from internal combustion engine (ICE) vehicles to electric vehicles (EV) is now. Thanks to new tax credits for EVs and EV charging stations as well as lower fuel and maintenance costs for EVs, fleet managers can now save money while setting an example for other organizations.

Fleet 92
article thumbnail

Alcoa begins construction on $100M facility to produce nickel-based structural components for jet engines; digital x-ray, 3D printing and robotics

Green Car Congress

Alcoa broke ground on a $100-million expansion in La Porte, Indiana where it will produce nickel-based superalloy jet engine parts. Engines for narrow-body aircraft are among the top selling jet engines in the world. The plant will increase Alcoa’s capacity to supply engines for narrow-body aircraft.

Indiana 218