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EV tax credit expansion: Automakers ask Congress to revive effort

Green Car Reports

Although an attempted expansion of the federal EV tax credit has failed—multiple times, in recent years—in a renewed effort, automakers are asking Congress to please try again.

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Biofuel and Ag organizations call for accountable life cycle analysis for SAF tax credits, DOE to lead

Green Car Congress

In an effort to decarbonize transportation and reduce aviation emissions, Congress is considering new legislation to establish a tax credit to promote and develop robust domestic SAF production. We urge you to make the US Department of Energy (DOE) the lead agency in establishing a regularly updated LCA for any SAF credit.

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

Green Car Congress

The legislation would create a tax credit starting at $1.50 In order to incentivize innovation and greater reductions in greenhouse gas emissions, the legislation provides an additional credit of $0.01/gallon As an example, SAF that reduces emissions by 70% would receive a credit of $1.70/gallon.

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EIA: US renewable diesel capacity could more than double through 2025

Green Car Congress

US production capacity for renewable diesel could more than double from current levels by the end of 2025, based on several announcements for projects that are either under construction or could start development soon, according to the US Energy Information Administration (EIA). billion gallons per year (gal/y), at the end of 2022.

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EIA projects US renewable diesel supply to surpass biodiesel in the near term but remain small part of larger diesel market

Green Car Congress

In its Annual Energy Outlook 2022 (AEO2022) Reference case, which reflects current laws and regulations, the US Energy Information Administration (EIA) projects that renewable diesel supply (domestic production and net imports) will exceed biodiesel supply in the near term. Source: U.S.

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DOE awards $98M in tax credits to automakers and suppliers for clean technology manufacturing

Green Car Congress

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. Funded at $2.3 Funded at $2.3 Lead organization. Description.

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ICCT report finds expected surge in renewable diesel production could have damaging environmental impacts due to feedstock demand

Green Car Congress

The International Council on Clean Transportation (ICCT) has released a report prepared by the consultancy Cerulogy that explores the potential market and environmental impacts of increased capacity for renewable diesel produced by hydrotreating oils and fats in the US. —from the report, “Animal, vegetable or mineral (oil)?”.

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