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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

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A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The current federal electric vehicle tax scheme is a pain.

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Imperium3 New York produces its first full-sized prismatic cells

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million in Excelsior Jobs Program tax credits in exchange for job creation commitments for the iM3NY project. Shailesh Upreti who has previously worked with Distinguished Professor Stanley Whittingham, a Nobel laureate for his work on lithium-ion battery development and a resident professor at Binghamton University.

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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

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Direct transportation (fuel) taxes generate the greatest reductions in CO 2 emission from transportation, achieving CO 2 emissions at 86% of 2005 levels by about 2025. The largest reductions in GHG emissions from transportation are obtained by increasing the cost of driving with fuel taxes, resulting in lower emissions in 2030 than in 2010.

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ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

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Minor changes to an existing Federal tax incentive for second-generation biofuels (i.e., The study identified four specific changes to the US tax code that could help accelerate the commercialization of second-generation biofuels. Harmonizing definitions of eligible pathways between this tax credit and the RFS2.

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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

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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.

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Nissan cuts entry-level MSRP for 2013 LEAF by 18% to $28,800

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Depending on location, some consumers may purchase the 2013 LEAF for as low as $18,800 with qualifying federal and state tax credits, putting the LEAF on par with gas-powered vehicles of its size. Eligible consumers can take advantage of a $7,500 federal tax credit, and some states and municipalities offer additional incentives.

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NY launches first EV charging station installation rebate initiative for public and private locations; $5M available

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Examples include office buildings, universities, schools, and hospitals. Charge Ready NY rebates can be combined with New York State’s 50% tax credit for installing charging stations. The tax credit is applied after the rebate amount received from NYSERDA.