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BNEF: global carbon capture capacity due to rise sixfold by 2030

Green Car Congress

The “Inflation Reduction Act” passed in the US increased tax credits for CCUS by 70%, making a viable business case for the technology in petrochemicals, steel, cement, and in some regions, power. But removals are present in every long-term net-zero model. This 279 million tons of capacity in 2030 is just the tip of the iceberg.

Carbon 293
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Kia goes full throttle on EVs despite demand concerns

Teslarati

Kia looks to secure US federal tax credit for EV9 in 2025 “Since the brand relaunch in 2021, Kia has undergone various changes across the business, including the establishment of a groundbreaking EV lineup and presenting a customer-centered mobility future. Hyundai’s US EV sales jumped 62% year-over-year.

Kia 113
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Using blockchain traceability to build a circular battery economy

Green Car Congress

In the US, the Clean Vehicle Tax Credit calls for automakers to provide proof of where they are sourcing their critical minerals and manufacturing their battery components, while the upcoming EU Battery Regulation will focus on proof of sourcing, responsible provenance, chain of custody, recycled materials and embedded carbon.

Economy 330
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Blazer EV price cut, Dodge electric muscle, Rivian R2 and R3: The Week in Reverse

Baua Electric

Which affordable EV regained its EV tax credit eligibility this week? Rivian on Thursday provided the most significant future-product preview since the debut of its R1 series trucks at the 2018 LA auto show. The 2024 Dodge Charger Daytona EV has been revealed gives a decidedly muscle-car spin to the brand’s EV future.

Dodge 52
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Cadillac teases new Opulent Velocity performance EV concept, is it too little too late?

Baua Electric

Cadillac gave a sneak peek of “the future of electric performance,” teasing its new Opulent Velocity EV concept. After regaining eligibility for the $7,500 EV tax credit, the Chevy Blazer EV 2LT AWD starts at $42,695 (including the credit). But with GM falling behind in the EV market, is a concept enough at this point?

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OECD paper presents and analyzes policies and programs to foster market growth of green cars

Green Car Congress

The paper, “Market Development for Green Cars”, presents and analyses policies, programs and approaches for the development, market introduction and diffusion of green cars (primarily from the demand (pull) side). Tax credits and subsidies may end up being highly regressive, and only reward those who need them the least.

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If $50,000 EVs still lose $6,000, when will EVs become profitable?

Baua Electric

BCG estimates that most automakers lose around $6,000 on each EV they effectively sell for $50,000, that price accounting for any tax credits or other incentives the customer might be eligible for. Automakers will only be able to close about half of that cost gap with technology choices, BCG estimates.