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EV tax credit score rules will have to be adopted, Manchin tells Treasury

Baua Electric

“My comment is simple: Follow the law,” he wrote in an 11-page letter to Treasury, explaining that the tax credit score’s objective is “no longer to promote the purchase and use of [EVs] … but to promote reliable domestic supply chains for the critical minerals and battery components” had to energy them.

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Hertz announces ‘strategic decision’ to slash EV fleet

Teslarati

Hertz said that a portion of the proceeds from the sale will go into the purchase of combustion engine vehicles, which are being utilized at a higher demand. ” Some of the vehicles were listed on Hertz’s website for as little as $17,700 before tax credits could be applied. ” Hertz inked a $4.2

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AJR Trucking orders 50 Nikola Tre FCEVs; incentives bring rough cost parity with existing fleet

Green Car Congress

AJR Trucking , a leading carrier for the United States Postal Service (USPS) and a major drayage carrier operating in the Ports of Los Angeles and Long Beach, has executed a purchase order for 50 Nikola Tre hydrogen fuel cell electric vehicle (FCEV) trucks from Tom’s Truck Centers, a member of the Nikola Corporation sales and service dealer network.

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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

Green Car Congress

A new study from the Harvard Kennedy School’s Belfer Center for Science and International Affairs finds that reducing greenhouse gas emissions from transportation will be a much bigger challenge than many assume, and will require substantially higher fuel prices combined with more stringent regulations.

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Another One Bites the Dust: Kia Killing the Rio After 2023

The Truth About Cars

Hyundai cut the Rio’s corporate counterpart, the Accent, after 2022, and sales of the subcompact have been slow for a while. Kia currently builds the EV6 in South Korea and needs a North American manufacturing location for its vehicles to qualify for federal tax credits. Average vehicle purchase prices in the U.S.

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Tesla and Toyota Intend to Work Jointly on EV Development, TMC to Take Equity Stake in Tesla; Tesla Purchases NUMMI Factory

Green Car Congress

and Toyota Motor Corporation (TMC) intend to cooperate on the development of electric vehicles, parts, and production system and engineering support. TMC has agreed to purchase $50 million of Tesla’s common stock issued in a private placement to close immediately subsequent to the closing of Tesla’s currently planned initial public offering.

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Senate invoice seeks to abridge U.S. reliance on China for essential minerals

Baua Electric

Get right of entry to to battery fabrics has been a rising fear for automakers and their providers, particularly below the Inflation Aid Occupation’s strict battery sourcing laws fix to shopper incentives for EV purchases. or in a rustic the place the U.S. or in a rustic the place the U.S.

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