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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.

Congress 259
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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. TWh of batteries needed by 2030 will require $201 billion and the midstream production of battery materials will take the remaining $93 billion.

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GM’s Chevy Bolt plant gets $1.3 billion tax rebate to ramp EV production

Teslarati

Orion Township approved General Motors’ (GM) request for a tax rebate on its proposed $1.3 GM plans to introduce 30 new electric vehicles to the global auto market by 2025, and the Orion Assembly Plant will play a key role in its goal. It does not include the cost of additional land or new machinery, equipment, etc. .”

Tax 105
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Fisker Ocean electric SUV starts at $37,499, pre-tax credit; leases for $379/mo

Green Car Congress

After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). We have secured a global supply chain and manufacturing capacity that will result in projected production of more than 1 million vehicles between 2022 and 2027.

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S&P Global: looming shortfalls in copper supply will short-circuit net-zero goals absent significant new supply

Green Car Congress

The challenge of meeting Net-Zero Emissions by 2050 “will be short-circuited and remain out of reach” unless significant new copper supply comes online in a timely way, according to a new study by S&P Global that examines the growing mismatch between available copper supply and future demand resulting from the energy transition.

Supplies 243
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Danish team electrifies steam-methane reforming for greener approach to hydrogen production

Green Car Congress

Researchers from the Technical University of Denmark and Haldor Topsoe, with colleagues from the Danish Technological Institute and Sintex have developed a “ disruptive approach to a fundamental process ” by integrating an electrically heated catalytic structure directly into a steam-methane–reforming (SMR) reactor for hydrogen production.

Hydrogen 300
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Elon Musk introduces his new right-wing fans to a carbon tax; goes as well as you’d expect

Baua Electric

Elon Musk is introducing his new right-wing fans to the idea of implementing a carbon tax, and it goes about as well as you would expect. For the first time in a while, Musk decided to use his massively popular X account to promote an idea perceived as left-wing (even though it shouldn’t be political): a carbon tax.

Tax 52