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Canoo announces massive stock sale to fund production ramp

Teslarati

Like many other EV startups, Canoo has consistently faced issues with financing. Now, as the American startup looks to produce its first EV offering, the Lifestyle Vehicle, it has announced it will sell 50 million shares of its common stock to cover costs. ” Currently, Canoo is establishing two manufacturing facilities in Oklahoma.

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Canoo (GOEV) stock surges after OKC EV facility gets key approval

Baua Electric

Shares of American EV startup Canoo (GOEV) are surging after its Oklahoma City facility received approval as a Foreign Trade Zone (FTZ). By securing an FTZ designation, Canoo eliminates all customs duties on vehicles sold overseas and defers of customs duties on imported parts for EVs sold in the US. per share). The EV maker lost $273.6

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Texas Clean Energy Project signs long-term CO2 offtake agreement with Whiting Petroleum for enhanced oil recovery; 90% CO2 capture from IGCC coal polygen plant

Green Car Congress

Under the new agreement, Whiting will purchase 80 million cubic feet (80,000 Mcf/d) of compressed CO 2 per day from TCEP—representing approximately 60% of TCEP’s total volume of captured CO 2 —during the first five years of TCEP’s operation, with gradually declining amounts and an option to extend the purchases thereafter.

Coal 186
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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

Federal EV Tax Credit To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car. Federal EV Tax Credits for Plug-in Electric and Fuel Cell Electric Vehicles Purchased in 2023 or After April 18, 2023.