Teslarati

AUGUST 17, 2022

Department of Energy’s Alternative Fuels Data (DOE) published a list of electric vehicles that are immediately available for the new $7,500 EV tax credit. Under the new law, only EVs assembled in North America qualify for the credits. Tesla and GM were disqualified since both companies have sold over 200,000 EVs.

Tax Credit 99

Tax Credit Tax North America PHEV 99

Baua Electric

FEBRUARY 9, 2024

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. A year later, the company announced that 99.9% Although Hyundai initially planned to begin construction in early 2023, the company pushed ahead after the Inflation Reduction Act was passed.

Tax Credit 52

Tax Credit Hyundai Tax Kia 52

EV Life

OCTOBER 7, 2023

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

Tax Credit 52

Tax Credit Tax Buy Purchase 52

Green Car Congress

DECEMBER 12, 2013

The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. Ford Motor Company. Funded at $2.3

Tax Credit 218

Tax Credit Tax Clean Cleaning 218

EV Adoption

FEBRUARY 23, 2021

On February 5, Mike Thompson , Chairman of the House Ways and Means Subcommittee on Select Revenue Measures announced the introduction of the Growing Renewable Energy and Efficiency Now (GREEN) Act (PDF). Rather than reforming the tax credit, it’s time to admit it hasn’t worked and blow it up and move in a different direction.

Tax Credit 98

Tax Credit Tax Sale Plug-in 98

Teslarati

JANUARY 29, 2024

LG Energy Solution (LGES) announced its 2023 full-year earnings, reporting a steady increase in consolidated revenue and operating profit. The South Korean company reported a steady increase in consolidated revenue to KRW 33.7 The LGES’ earnings report showed that the company’s consolidated revenue increased by 31.8%

Tax Credit 78

Tax Credit Energy Tax North America 78

Teslarati

OCTOBER 24, 2023

LG Energy Solution (LGES) recently announced that its battery facility in Arizona will become a key production hub for 46-series cylindrical cells in North America. LG Energy Solution issues its first global green bond of $1B Earlier this year, the long-time Tesla battery supplier quadrupled its investment in the Arizona plant from $1.4

Arizona 111

Arizona Tax Credit Energy Tax 111

EV Life

MAY 19, 2023

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

Tax Credit 52

Tax Credit Tax Personal F-150 52

EV Adoption

SEPTEMBER 7, 2021

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers.

Tax Credit 59

Tax Credit Tax Parts Purchase 59

Green Car Reports

MAY 29, 2018

Adding to Elon Musk's headaches this month, Tesla is about to hit the limit on federal tax credits for electric cars. This could effectively raise prices for buyers of the company's critical Model 3. The tax credits, passed in 2008 as part of the Energy Improvement and Extension Act and signed by President George W.

Tax Credit 101

Tax Credit Tax Price 2008 101

EV Connect

AUGUST 2, 2021

And thanks to a variety of tax credits and incentive programs, the barrier to entry may be lower than you think. On the federal, state and local levels, there are a plethora of tax credits for installing electric-vehicle charging stations. They include incentives for installing EV charging stations.

Tax Credit 52

Tax Credit Tax Electric Vehicles Charging 52

Green Car Congress

OCTOBER 13, 2022

Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). Europe, however, is catching up with a significant ramp-up in capacity fueled by the current energy crisis.

Energy Storage 259

Energy Storage Global Market Energy 259

Teslarati

FEBRUARY 15, 2024

LG Energy Solution (LGES) signed an offtake agreement with WesCEF to expand its lithium supply chain for the North American market. LG Energy Solution is building a battery plant in Arizona to help its customers see IRA requirements. The South Korean company is a longtime Tesla supplier.

Supplies 111

Supplies Market Arizona Energy 111

Green Car Congress

JUNE 16, 2021

SiFAB is a proprietary silicon anode battery technology developed by Unifrax which enables significantly greater energy density in lithium-ion battery systems than prevailing technologies. million in conditional tax credits based on the company’s job creation plans. —John Dandolph, president and CEO, Unifrax.

Manufacturer 417

Manufacturer Building Indiana Tax Credit 417

Green Car Congress

MAY 19, 2010

A group of 35 biotechnology and biofuel companies and trade associations are urging the leaders of the House Ways and Means Committee to extend tax credits for cellulosic biofuels for four years, to allow algae biofuels to qualify for those tax credits, and to create an option for monetizing the tax credits as tax refunds.

Tax Credit 210

Tax Credit Tax Companies Financing 210

Green Car Congress

MAY 11, 2023

Cirba Solutions, a comprehensive battery materials and management company for end-of-life batteries and gigafactory scrap, selected global professional services company Jacobs to expand manufacturing capacity for sustainable electric vehicle (EV) battery materials across North America.

Tax Credit 218

Tax Credit Batteries Battery Lithium Ion 218

Green Car Congress

MAY 4, 2011

US Senators Chuck Grassley (R-Iowa) and Kent Conrad (D-North Dakota) introduced a bill—the Domestic Energy Promotion Act of 2011— that would extend, through 2016, at descending levels, the volumetric ethanol excise tax credit, or VEETC, which is also known as the blenders’ credit.

Tax Credit 186

Tax Credit Tax 2016 South Dakota 186

Green Car Congress

JULY 26, 2010

AFS Trinity Power Corporation has been awarded a patent for its Extreme Hybrid drive train that combines ultracapacitors and other power electronics and energy storage devices with off-the-shelf chemical batteries in plug-in hybrid vehicles. Earlier post.). AFS Trinity Chief Executive Officer Edward W.

Tax Credit 170

Tax Credit Tax PHEV Hybrid 170

Green Car Congress

APRIL 5, 2023

Sila, a next-generation battery materials company, announced the availability of its high-performance nano-composite silicon (NCS) anode material, Titan Silicon. Titan Silicon delivers a 20% energy density boost over the industry’s best performing cells and will achieve a 40% increase in future releases, according to the company.

Range 446

Range Charging Tax Credit Lithium Ion 446

Blink Charging

FEBRUARY 1, 2024

federal government is actively facilitating EV adoption, aiming to simplify the purchasing process for consumers , encourage companies to electrify their fleets , and assist businesses in installing EV charging stations. These rates incentivize both consumers and businesses to shift non-essential electricity usage to off-peak hours.

Energy Storage 102

Energy Storage Energy Batteries Battery 102

Green Car Congress

AUGUST 9, 2023

The Argo Series will help meet the growing demand of many companies waiting for an EV solution capable of supporting a wide range of applications. Using less battery energy to keep the driver comfortable translates to more energy available for driving range.

Power 370

Power Powered Tax Credit Fleet 370

Green Car Congress

AUGUST 27, 2010

ReVolt Technology, LLC, a company that is developing rechargeable zinc-air batteries ( earlier post ), has been approved to receive a package of loans and tax credits from Oregon and Portland authorities totaling approximately $6.8 ReVolt says that the $6.8

Zinc Air 230

Zinc Air Tax Credit Oregon Portland 230

Teslarati

MAY 31, 2023

LG Energy Solutions (LGES) and Hyundai teamed up to build a battery cell manufacturing plant in the United States. Each company holds a 50% stake in the joint venture for the U.S.-based Each company holds a 50% stake in the joint venture for the U.S.-based The companies plan to invest over $4.3 based battery plant.

United States 91

United States Hyundai Georgia Energy 91

Green Car Congress

JULY 20, 2023

Nikola Corporation and Fortescue Future Industries (FFI), a global green energy and metals company, announced that FFI will acquire Nikola’s Phoenix Hydrogen Hub (PHH) project. Earlier post.) Rendering of PHH. The PHH is a fast-to-market, green hydrogen project located near Phoenix, in the city of Buckeye, Ariz.,

Phoenix 150

Phoenix Hydrogen Future Tax Credit 150

Green Car Congress

JUNE 18, 2021

Australia-based Magnis Energy Technologies Limited announced that Imperium3 New York (iM3NY) has produced its first full-sized prismatic cells ahead of schedule for limited testing and customer sampling in Q3 2021. million in Excelsior Jobs Program tax credits in exchange for job creation commitments for the iM3NY project.

New York 468

New York Lithium Ion Tanzania Tax Credit 468

Baua Electric

JANUARY 29, 2024

Octopus Electric Vehicles is part of the UK-based energy tech giant Octopus Energy Group, which first launched Octopus Energy US in Texas in 2020 after acquiring Evolve Energy. Octopus Energy will issue a credit on your energy bill for the amount you spend to charge your car at home.

Texas 52

Texas Companies Charging Solar 52

Teslarati

MAY 19, 2024

Tesla has shared a new video advertisement for the recently launched Model 3 Performance, including a few words from two of the company’s top executives. The vehicle has received a couple of price increases since then, though it’s also the only Model 3 that’s eligible for the $7,500 federal tax credit in the U.S.

Design 123

Design Tesla Tax Credit Asia 123

Green Car Congress

DECEMBER 9, 2009

The original biodiesel tax credit was passed in 2004 and has been extended twice. The original biodiesel tax credit was passed in 2004 and has been extended twice. per gallon excise tax credit. The NBB reports that 173 American companies have invested in production capacity that currently approaches 2.7

Tax Credit 170

Tax Credit Tax 2008 2004 170

Green Car Congress

MAY 17, 2023

This is a drop-in solution for lithium-ion batteries that delivers high energy density and fast charging capabilities, making it suited for use in electric vehicles (EVs) and other applications requiring high-performance batteries. Earlier post.) In addition, Ionisil will add zero cost per unit of capacity to existing batteries.

Li-ion 259

Li-ion Manufacturer Lithium Ion Production 259

Green Car Congress

DECEMBER 10, 2014

California is home to almost half of all of the nation’s PEVs, but even in California, only about 5 out of every 1,000 registered vehicles are PEVs, according to the US Energy Information Administration (EIA). Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. Electric vehicles per 1,000 vehicles.

Plug-in 381

Plug-in Tax Credit California Rhode Island 381

Blink Charging

JANUARY 19, 2024

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America.

Tax Credit 94

Tax Credit Tax North America Clean 94

Baua Electric

JANUARY 30, 2024

CEO Noah Heynen says that having a fully electric fleet is a big milestone for Helion in its push for clean energy – it also installs heat pumps, battery storage, and EV chargers, among other things – because the company now truly gets to practice what it preaches. The post This solar company just put its people in 100 VW ID.

Solar 52

Solar Companies Tax Credit Switzerland 52

Green Car Congress

JANUARY 19, 2023

The new strategic partnership will see the companies collaborate to develop industrialized anode materials that will be incorporated into SKO’s advanced lithium-ion batteries used in its US gigafactories. The three plants are expected to commence operation from 2025.

Tax Credit 210

Tax Credit Kentucky Lithium Ion Tennessee 210

Green Car Congress

SEPTEMBER 19, 2013

Dreher, Acting Assistant Attorney General for the Justice Department’s Environment and Natural Resources Division, announced the return of two indictments against six individuals and three companies for offenses involving federal renewable fuel programs, allegedly creating losses to victims totaling more than $100 million. —Robert G.

Indiana 239

Indiana Tax Credit Companies Tax 239

Electrek

SEPTEMBER 23, 2022

Carbon-conscious mining company Snow Lake Lithium and battery production specialist LG Energy Solution announced they have signed a Memorandum of Understanding (MOU) to establish a domestic supply chain of lithium in North America. This domestic supply chain could help several automakers qualify for US federal tax credits as well.

North America 59

North America America Supplies Tax Credit 59

Baua Electric

MARCH 28, 2024

Canada-headquartered Heliene , which makes solar panels in Minnesota, will incorporate Georgia-based Suniva’s US-made monocrystalline silicon solar cells into its panels, and those “Made in the USA” panels will hit the market in mid-2024, thanks to a new three-year strategic sourcing contract between the two companies. Get started here. –ad*

Solar 52

Solar Tax Credit Market Georgia 52

Green Car Congress

APRIL 14, 2009

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.

Tax Credit 150

Tax Credit Michigan Li-ion Tax 150