Electric Vehicle Tax Credit Bill From US Senate Finance Committee Looks Great
CleanTechnica EVs
MAY 27, 2021
The US Senate Finance Committee has put forth a bill to extend and strongly improve the US federal EV tax credit.
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Biofuel and Ag organizations call for accountable life cycle analysis for SAF tax credits, DOE to lead
Green Car Congress
AUGUST 10, 2021
In an effort to decarbonize transportation and reduce aviation emissions, Congress is considering new legislation to establish a tax credit to promote and develop robust domestic SAF production. We urge you to make the US Department of Energy (DOE) the lead agency in establishing a regularly updated LCA for any SAF credit.
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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
APRIL 4, 2024
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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How to Save Big on a Tesla with Colorado’s New EV Tax Credit
EV Life
JANUARY 11, 2024
Tesla’s groundbreaking technology, impressive range, cutting-edge performance, and continuous software updates give the automaker a strong advantage over its competition (although other major brands are starting to catch up ). This is great news for Tesla fans, as many Tesla models qualify for the credit.
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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout
EV Adoption
AUGUST 18, 2021
Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.
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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates
EV Life
APRIL 7, 2023
However, in California, as gas prices have soared and EV technology has continued to improve, we’ve started to see larger fuel savings on the back end, greater accessibility to charging stations, and a jump in electric vehicle popularity. Any unused funds are not available as a refund or to be used on the following year’s taxes.
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Ford re-opens order books for Mach-E; higher range, lower pricing; all standard range models with LFP packs
Green Car Congress
MAY 3, 2023
BlueCruise, which enables hands-free driving on highways, now will be available with the choice to experience the technology with a complimentary 90-day trial since all Mustang Mach-E SUVs will be built with the necessary hardware for the capability. Consumer Reports named BlueCruise its top-rated Active Driving Assistance System.
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Biofuel Companies and Trade Associations Push for Extension to Investment Tax Credits for Cellulosic Biofuels and The Inclusion of Algae Biofuels
Green Car Congress
MAY 19, 2010
A group of 35 biotechnology and biofuel companies and trade associations are urging the leaders of the House Ways and Means Committee to extend tax credits for cellulosic biofuels for four years, to allow algae biofuels to qualify for those tax credits, and to create an option for monetizing the tax credits as tax refunds.
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Electric Vehicle Spotlight: Financing Chevrolet Equinox EV
EV Life
SEPTEMBER 7, 2023
We’ll also show you how to save a ton of money by financing your purchase through EV Life. Chevrolet Equinox RS The Chevy Equinox RS trims (2RS and 3RS) provide an even bolder, sportier design combined with advanced technology. Incentive Programs the Chevrolet Equinox is Eligible For Federal Tax Credit. No missed savings.
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Electric Vehicle Spotlight: Financing Rivian R1S
EV Life
AUGUST 24, 2023
This article will explore the Rivian R1S, examining its available models and premium features and showcasing how financing the R1S through EV Life can save you both time and money. Rivian offers premium amenities and features in the RS1, including advanced climate control, high-quality audio systems, and other comfort-enhancing technologies.
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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage
Green Car Congress
SEPTEMBER 1, 2023
Domestic production better positions Eos to access the 45X advanced manufacturing direct pay tax credits available under the IRA. The Eos Z3 battery contains predominately American components and is specifically designed for mass production and meeting low-cost, long-duration, grid-scale stationary energy storage needs.
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Firefly & Hyundai Motor America create pilot program to offer rideshare fleets & drivers new vehicles with bonus income up to $3,600/year
Green Car Congress
APRIL 5, 2022
With opportunities for drivers to earn additional income upon purchasing a new vehicle by having Firefly’s smart display screen technology integrated onto and inside each vehicle, Hyundai Drive by Firefly could help cover monthly car lease/financing costs for qualified drivers and fleets for the duration of the program.
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170 ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry
Green Car Congress
DECEMBER 22, 2013
Minor changes to an existing Federal tax incentive for second-generation biofuels (i.e., Minor changes to an existing Federal tax incentive for second-generation biofuels (i.e., The study identified four specific changes to the US tax code that could help accelerate the commercialization of second-generation biofuels.
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Oxy Low Carbon Ventures, Rusheen Capital Management create company to deploy Carbon Engineering’s direct air capture technology
Green Car Congress
AUGUST 21, 2020
Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental, and Rusheen Capital Management, a private equity firm, have formed a development company, 1PointFive, to finance and to deploy Carbon Engineering ’s large-scale Direct Air Capture (DAC) technology. Carbon Engineering’s DAC technology has four major elements.
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California adds $72.5M for cleaner diesel trucks, deployment of advanced vehicle technologies
Green Car Congress
SEPTEMBER 27, 2013
This can be combined with an up to $7,500 clean vehicle federal tax credit and various other regional incentives. This program provides vouchers of up to $55,000 to help California fleets purchase cleaner, advanced technology trucks and buses.
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The Best Electric SUVs on the Market
EV Life
JUNE 8, 2023
We’re also going to show you how you can save big on financing your SUV by applying for an EV Climate Loan with EV Life. The Model Y qualifies for the full $7,500 federal EV tax credit. At the moment, the Mach-E only qualifies for half of the federal EV tax credit, providing eligible drivers a credit of up to $3,750.
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Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses
Green Car Congress
JULY 10, 2011
However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise. More than 50% of the funds raised from the carbon price will be used to fund tax cuts, pension increases and higher family payments. —Prime Minister Gillard.
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Feature: Bridging the EV Affordability Gap
Clean Fleet Report
DECEMBER 27, 2021
Rebates & Tax Credits Don’t Help Most Americans. Even though there are generous EV tax credits, rebates from states and utilities, and other incentives that can save drivers $10,000 or more per EV, most people aren’t aware these programs even exist. Put all together, the customer saves up to $200 a month.
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California to receive more than $236M to support transit agencies’ transition to zero-emission buses
Green Car Congress
AUGUST 12, 2022
The recently passed Inflation Reduction Act would also provide $1 billion for clean heavy-duty vehicles, including transit and school buses, and a new tax credit of up to $40,000 for commercial vehicles, for which transit agencies and school districts are eligible. The Bipartisan Infrastructure Law passed last year provides $5.6
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Putting the “Utility” in Sport Utility Vehicle: Which Electric SUVs Perform Best Off-Road?
EV Life
DECEMBER 12, 2023
These standards are important because they dictate the MSRP limit the vehicle must meet in order to qualify for the federal EV tax credit, which can make or break sales numbers. If a vehicle qualifies as a car, the MSRP limit is $55,000 to be eligible for the tax credit. sec 7,400 lb-ft 250 miles Hummer EV2X 625 hp 4.5
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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh
Green Car Congress
OCTOBER 13, 2022
The most notable new policies include the US “Inflation Reduction Act”, legislation providing more than $369 billion in funding for clean technologies, and the European Union’s REPowerEU plan, which sets ambitious targets to reduce reliance on gas from Russia. Meanwhile, projects face long lead times to finance, develop and commission.
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FREYR Battery to site US gigafactory in Georgia; initial investment $1.7B, growing to $2.6B through 2029
Green Car Congress
NOVEMBER 12, 2022
The Giga America project will be based on the SemiSolid technology of FREYR’s US-based licensing partner, 24M. In accordance with FREYR’s ambitions to accelerate development of Giga America in parallel with the ongoing construction of Giga Arctic in Mo i Rana, Norway, the company is intensifying and broadening its financing efforts.
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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035
Green Car Congress
JUNE 20, 2023
Global investment in technologies to help the energy transition reached a record $1.3 Energy storage might form a relatively small piece of the overall financing required, but it is a strategically critical piece of the puzzle. trillion in 2022, IRENA said. Its equivalently sized facility in South Carolina is projected to cost $1.3
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Redwood Materials receives conditional commitment for $2B DOE loan for battery materials campus project
Green Car Congress
FEBRUARY 11, 2023
Redwood will draw upon this milestone-based financing in tranches that support phased construction and allows the company to unlock funding as it accelerates the construction and expansion of its first battery materials campus. Redwood Materials has received conditional commitment for a $2-billion loan from the DOE's Loan Program Office.
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Researchers call for major change in US policies supporting plug-ins; failure of “mainstream consumer bias”
Green Car Congress
JANUARY 6, 2014
In a paper published in the journal Energy Policy , Erin Green of Green Energy Consulting; Steven Skerlos of the University of Michigan; and James Winebrake of the Rochester Institute of Technology argue that current US policies intended to promote the uptake of plug-in electric vehicles haven proven inefficient and ineffective.
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Guide to California EV Incentives
EV Life
APRIL 14, 2023
To accomplish this, California has introduced a number of tax credits, rebates, and grants aimed at reducing air pollution and encouraging California drivers to make the switch to low-emission or no-emission vehicles. But the state is looking to lower its impact on climate change.
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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
MAY 31, 2012
Although the Company’s intent is to improve its operating efficiencies and to obtain additional financing, there is no assurance that the Company will be able to obtain such financing on favorable terms, if at all, or to successfully further reduce costs in such a way that would continue to allow the Company to operate its business.
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Velocys, Southwest Airlines in 15-year off-take agreement for 219M gallons of negative-carbon-intensity SAF; 575M gallons of net-zero blend
Green Car Congress
NOVEMBER 17, 2021
Through the combination of biogenic feedstock, renewable power and carbon capture and storage, Velocys’ carbon mitigation technology will enable the commercial-scale production of SAF at the Bayou Fuels plant with a strongly negative carbon intensity of up to -144g CO 2 e/MJ, which is expected to achieve a total of 6.5
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance
Green Car Congress
JULY 22, 2009
Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). by Bill Cooke. Energy Markets in a State of Change. Billion vs. $28.3 Billion in 2008). Earlier post.).
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EPRI assesses status of 8 key power generation technologies for US; estimates of capital cost and levelized cost of electricity
Green Car Congress
JULY 19, 2011
For the report, central-station generation refers to >100 MW, with the exception of some renewable-resource-based technologies. LCOE calculations are based on assumptions regarding future unit operations, operating costs, fuel prices, financing terms, and inflation. Source: EPRI. Click to enlarge. Source: EPRI. Click to enlarge.
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239 Electrification Coalition Roadmap Calls for 75% of Light-Duty Vehicle Miles Traveled in the US to Be Electric by 2040
Green Car Congress
NOVEMBER 16, 2009
The specific technology—plug-in hybrid electric or pure electric—is not as important as the share that such vehicles represent of the new vehicle portfolio. Modify plug-in electric drive vehicle tax credits by significantly increasing them for vehicles purchased and registered in Phase One ecosystems.
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Farley: Chinese language automakers turning into EV ‘powerhouse’
Baua Electric
MAY 26, 2023
“We see the Chinese as the main competitor, not GM or Toyota,” Farley stated Thursday on the Morgan Stanley Sustainable Finance Zenith. “If battery localizing their technology in the U.S. “The Chinese are going to be the powerhouse.” Ford has confronted complaint from Sen. Marco Rubio, R-Fla.,
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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side
Green Car Congress
OCTOBER 12, 2014
Traditional training and certification methods inadequately equip sales staff to sell more complex PEV technologies, for example, and sales staff need to contend with an ever-growing amount of technology content across a broad array of products. Moreover, consumer protection laws loom large in the retail automotive space.
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Financing a Tesla Model X Just Got Easier
EV Life
OCTOBER 14, 2023
For the Model X, the new base price of $79,990 (down $8,500 from the previous price) means it now qualifies for the federal tax credit of $7,500 outlined by the Inflation Reduction Act of 2022. The federal tax credit has MSRP limits of $55,000 for cars and $80,000 for SUVs and trucks. And it doesn’t stop there.
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Fisker Lands Additional $85M for Karma Plug-in
Green Car Congress
APRIL 7, 2009
The financing is expected to be completed this month and will be the fourth and largest investment round since the company’s inception in August 2007. Fisker Automotive, founded in August 2007 by auto design house Fisker Coachbuild, LLC, and clean-powertrain developer Quantum Technologies, is privately owned.
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The Further Adventures of The Solangelist
Creative Greenius
DECEMBER 2, 2008
The city and county gets the funding from a bond issue and we pay back the loans as an annual assessment on our property taxes. The County’s Treasure Tax Collector has already provided an assessment of the viability of the County implementing a program under AB 811.
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150 Cash for Volts?
Revenge of the Electric Car
NOVEMBER 19, 2009
More details at: Group Seeks US Tax Credits To Spur Electric Car Use. to offer tax credits for buying all-electric plug-in vehicles as part of a $128 billion program to get seven million such cars on the road by 2018. UPDATE:Group Seeks US Tax Credits To Spur Electric Car Use. by Judith Burns for Dow Jones.
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Sen. Baucus draft for energy tax reform focuses on clean production of electricity and fuels; repeals plug-in vehicle credits
Green Car Congress
DECEMBER 19, 2013
Senate Finance Committee Chairman Max Baucus (D-Mont.) introduced the latest in a series of discussion drafts to overhaul the US tax code. This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US.
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281 President’s Jobs Council recommends an “All-in” energy strategy; from fossil fuels and pipelines, to efficiency, renewables and vehicle electrification
Green Car Congress
JANUARY 18, 2012
Very broadly, the report lays out an agenda to “Invest in Our Future” through education and innovation, “Build on Our Strengths” in the critical sectors of energy and manufacturing, and “Play to Win” by making overdue tax and regulatory reforms to stay competitive. Until then, however, we need to be all in. —“Road Map to Renewal”.
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OECD paper presents and analyzes policies and programs to foster market growth of green cars
Green Car Congress
SEPTEMBER 24, 2012
Timing and sequencing of energy technology policy. However, he writes, the use of targeted policy intervention raises a number of challenges related to the timing and level of support; the choice of appropriate policies and fuels/technologies that should be supported, and the inherent risks. Source: OECD. Click to enlarge.
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Electric Vehicle Spotlight: Financing a Tesla Model Y
EV Life
JUNE 28, 2023
And with demand on the rise and technology improving, automakers are jumping into the EV market with more and more all-electric options. At the forefront of this electric revolution is Tesla, a company synonymous with innovation and disruptive technology. sec $7,500 Model Y Long Range $50,490 330 miles 135 mph 4.8
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Hyundai Offering Free Chargers to EV Buyers, Swelling Industry Incentives
The Truth About Cars
SEPTEMBER 22, 2023
While the ChargePoint device is framed as being free, it does require the purchase of a new automobile through the automaker’s captive finance arm Hyundai Capital America. That makes the $33,550 (before any federal tax credits or state incentives) Kona Electric the most affordable way to take advantage of the deal.
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Darling International and Valero Considering Forming a Joint Venture for Renewable Diesel
Green Car Congress
SEPTEMBER 17, 2009
billion of debt financing guarantees available for projects that employ innovative energy efficiency, renewable energy and advanced transmission and distribution technologies. ConocoPhillips suspended the project in fall 2008 due to the deteriorating economy and a loss of federal tax credits. Earlier post.)
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199 Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles
Green Car Congress
MAY 13, 2010
The bill provides assistance to those Americans who may be disproportionately affected by potential increases in energy prices through tax cuts and an energy refund program. Significant tax incentives encourage the conversion of trucks and heavy-duty fleets to natural gas vehicles. Decreasing Dependence on Foreign Oil.
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