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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.

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Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Baua Electric

Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite. 1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles.

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EV Supply Chains May Be Dirtier Than You Think

The Truth About Cars

New battery chemistries and designs may help alleviate some of that pressure, but it will be some time before that happens, and the damage will have been done. is working to expand its supply chain through legislation like the Inflation Reduction Act and other efforts. As The Washington Pos t points out, the U.S.

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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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NOVONIX to receive $103 million in tax credits to support production of critical battery materials in Tennessee. – Charged EVs

Baua Electric

Battery materials and technology company NOVONIX has been selected to receive a $103-million tax credit under section 48C of the Qualifying Advanced Energy Project Allocation Program, to support production of critical battery materials at its Riverside facility in Chattanooga, Tennessee.

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Jacobs and Cirba Solutions expand sustainable battery processing in US

Green Car Congress

Jacobs is managing the facility design and supporting construction of multiple site locations, including an expansion at Cirba Solutions’ lithium-ion processing site in Lancaster, Ohio. The expansion project is estimated at $200 million, and the site recently received more than $82 million in grants from the US Department of Energy.

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Elon Musk wants to know how his $15 billion in taxes will be used by the US gov’t

Teslarati

Tesla CEO Elon Musk wants to know how his $15 billion in taxes will be used by the US government. Based on Musk’s recent responses to Sanders, it appears that the CEO has had it with criticism surrounding his tax payments. Just as Musk noted in the past, he is not at all opposed to paying taxes.

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