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CAP report estimates US will need 14M new PEVs and >330k new public charging outlets by 2025 to meet Paris targets

Green Car Congress

States should work with their utilities and legislatures to advance new investment mechanisms, as well as apply for federal grants and join or create revenue-generating carbon pricing programs.

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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

Green Car Congress

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.; The MEGA board approved a state tax credit valued at $44.6

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A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

Green Car Congress

A123 Systems has been the recipient of a number of state and federal grants and tax incentives. million grant awarded under the US Department of Energy (DOE) Battery Initiative to support manufacturing expansion of new lithium-ion battery manufacturing facilities in Michigan. The tax credit is not to exceed $25.0

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Valence Applies for $225M in DOE Funds for Advanced Battery Production Facility

Green Car Congress

Valence submitted its application requesting the federal grant funds over a three-year period and plans to fund the remaining $359.4 of the total project costs) through Texas state and local tax and other incentives. million (61.5%

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DOE Inspector General review finds automotive Li-ion battery maker LG Chem Michigan misused Recovery Act funds; DOE management, low market demand contributory

Green Car Congress

Yet, the basic question for Federal grant administrators, in our opinion, was whether grant funding should have continued or suspended once it became clear that: (i) all the promised production lines could not be completed within budget; and, (ii) LG Chem Michigan would continue to fill US demand with battery cells made in South Korea. (LG

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Battery companies receive cash boost

Green Cars News

Investment in advanced battery companies continues in the USA where the Michigan Economic Growth Authority (MEGA) has awarded $543.5million in tax credits to four companies with plans to invest more than $1.7billion in lithium-ion manufacturing facilities across the state.

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Keepin' it simple

Plugs and Cars

I am pleased to participate in the EV Project, which came late to the San Francisco Bay Area, and happy to get my tax-payer funded charger and DC Fast port. Something Ecotality couldn’t do even with $100 million in federal grant money. Quite likely not beyond the current programs. They’ve kept my LEAF juiced, after all.

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