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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.

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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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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., Power Metals Corp is a Canadaian mining company exploring and developing cesium, lithium and tantalum assets in Canada.

Canada 353
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Pyka awarded $7M California tax credit to expand manufacturing of zero-emission autonomous aircraft

Green Car Congress

Pyka, a developer of autonomous electric aviation technology, was awarded a $7-million California Competes Tax Credit with the California Governor’s Office of Business and Economic Development (GO-Biz), approved last week by the California Competes Tax Credit Committee.

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CMU study finds taxes on emissions would result in more rapid electrification by ridesharing companies

Green Car Congress

Researchers at Carnegie Mellon’s College of Engineering have found that with an emissions-based incentive towards electrification, ridesourcing companies such as Uber and Lyft would electrify more and cut their emissions by amounts ranging from 10% in New York to 22% in Los Angeles. passenger travel demand. —Bruchon et al.

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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

Green Car Congress

Tesla in Berlin, Northvolt in northern Germany and Italvolt near Turin are among the projects that stand to lose the greatest volumes of their slated capacity as the companies weigh up investing in the US instead. Battery investment in the US and China continued to grow, and European companies have already signalled expansion in America.

Companies 430
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California reduces tax on dimethyl ether (DME) fuel to be consistent with other alternative fuels; enabling retail sales

Green Car Congress

The California state legislature passed and the Governor signed into law a bill ( AB-2663 ) that lowers the Use Fuel Tax rate of dimethyl ether (DME) from $0.18 per gallon of DME-propane fuel blend used on or after 1 July 2021 (the same tax rate as propane, $0.06 per gallon of DME used and $0.06 per gallon). Oberon’s process.

Tax 376