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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 Lead organization. Description. 30 million.

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Ford begins full production of F-150 Lightning electric pickup; planned annual run rate of 150k at Rouge Center

Green Car Congress

With acceleration from zero to 60 mph in the mid-4 second range with the extended-range battery, the freedom of a 10-kilowatt smart power plant on wheels, a starting price less than $40,000 before available tax credits and software updates that will make it even better over time, F-150 Lightning is attracting new customers to Ford.

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Governor George Pataki Calls for 40% Penetration of Electric Drive Vehicles in US by End of Decade

Green Car Congress

The current $7,500 tax credit for purchasing an advanced vehicle is wonderful if you have a great accountant or tax lawyer, Pataki said, “ but if you are an ordinary consumer, what do you do ?” ” Pataki suggested converting the tax credit to a rebate, for three years or for five.

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Ford Investing $550M to Retool SUV Plant to Produce Focus Small Car and EV

Green Car Congress

Ford Motor Company is investing $550 million to transform its Michigan Assembly Plant into a flexible manufacturing complex that will build Ford’s next-generation Focus global small car along with a new battery-electric version of the Focus for the North American market. Local property tax incentives for new investments at the site.

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Westwater Resources is building a facility in Alabama to process one of the largest graphite deposits in the US

Charged EVs

Now, if you look at just the materials half of the $7,500 tax credit, there’s $3,750 available, and graphite is on a short list of critical materials, along with lithium, cobalt, nickel and a few others. If you do the math and make some assumptions, it means $550-600 of the total tax credit is attributable just to graphite.

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US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development

Green Car Congress

The project will convert local landfill gas (LFG), a renewable fuel source, to compressed natural gas and develop five CNG fueling stations throughout the metro-Atlanta area. Clean Energy Coalition’s CEC Michigan Green Fleets Initiative. Total DOE award: $14,994,183. The project also includes construction of a B20 station.

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

We now have a sprinkling of promising companies working to get funded to convert gas-guzzlers. Using existing technology, we can convert many of them into plug-in hybrids and electric vehicles. Right now, buyers of new plug-in cars get up to $7,500 in tax credits. We’re happy we’re well on our way with plug-in cars.

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