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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. In the US, the Fisker Ocean starts at $37,499 in the base Sport.

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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp.,

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EV tax credit boost: At up to $12,500, here’s how the two versions compare

Green Car Reports

An expansion of the EV tax credit, which has seen bipartisan support before, has been on President Biden’s CO2-cutting tasklist since before he was elected. trillion reconciliation spending bill, the credit faces an uncertain future. The expanded credit, earlier in the year seen as a shoo-in for one of these.

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EV tax credit supply chain rules ease, but China restrictions remain

Baua Electric

In a coordinated push through federal agencies, the Biden administration on Friday released a revised set of regulations applying to the EV tax credit that will ultimately make the credit easier to claim for a wider range of vehicles in 2025 and 2026 but no easier for Chinese companies to gain a foothold on the market.

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Biofuel and Ag organizations call for accountable life cycle analysis for SAF tax credits, DOE to lead

Green Car Congress

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. Many others are looking to work toward participation in the full value chain in the relatively near future.

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XC90 Recharge review, Polestar 3, Rivian R3, EV tax credit update: The Week in Reverse

Green Car Reports

Which automaker said it’s aiming for its future EV batteries to last longer? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending March 15, 2024. Which automakers are considering a partnership that could span EVs, hybrids, and software?

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Fortescue Future to acquire Nikola’s Phoenix Hydrogen Hub project

Green Car Congress

Nikola Corporation and Fortescue Future Industries (FFI), a global green energy and metals company, announced that FFI will acquire Nikola’s Phoenix Hydrogen Hub (PHH) project. The PHH is a fast-to-market, green hydrogen project located near Phoenix, in the city of Buckeye, Ariz., Earlier post.)

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