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Lawmakers introduce bill to provide blender’s tax credit for Sustainable Aviation Fuel

Green Car Congress

of global carbon emissions. The legislation would create a tax credit starting at $1.50 per gallon for blenders that supply sustainable aviation fuel with a demonstrated 50% or greater lifecycle estimate reduction in greenhouse gas emissions compared to standard jet fuel. The tax credit would expire at the end of 2031.

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Fisker Ocean electric SUV starts at $37,499, pre-tax credit; leases for $379/mo

Green Car Congress

After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). We have secured a global supply chain and manufacturing capacity that will result in projected production of more than 1 million vehicles between 2022 and 2027. 80 kWh lithium-ion battery pack.

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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

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Hyundai 2023 IONIQ 6 EV to start at $41,600; 53 kWh pack option with 240-mile range

Green Car Congress

The IONIQ 6 SE Standard Range with a 53-kWh battery pack has an MSRP of $41,600 ($42,715 including delivery) and will be available in limited quantities this summer; range is an estimated 240 miles. Eligibility for state tax credits is dependent on individual tax circumstances. million BEV units worldwide by 2030.

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Ford enters long-term lithium supply deals with SQM, Albemarle and Nemaska

Green Car Congress

The origin of SQM's lithium should help Ford vehicles to qualify for the Inflation Reduction Act (IRA) consumer tax credit and will help support its plans to produce electric vehicles and expand its presence in the global electric mobility markets. Neither company provided volumes or timelines.

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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. Earlier post.) The PHH project is currently going through the final stages of its permitting process, and the procurement of long-lead equipment is underway.

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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

Direct transportation (fuel) taxes generate the greatest reductions in CO 2 emission from transportation, achieving CO 2 emissions at 86% of 2005 levels by about 2025. The largest reductions in GHG emissions from transportation are obtained by increasing the cost of driving with fuel taxes, resulting in lower emissions in 2030 than in 2010.