Industrial and Tax

Tax in Canada is accelerating the critical minerals industry

Innovation News Network

FEBRUARY 17, 2023

Learn about the evolution of tax in Canada and how it is helping the critical minerals industry to thrive. The post Tax in Canada is accelerating the critical minerals industry appeared first on Innovation News Network.

Canada

Canada Tax Industrial Industry

Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

Green Car Congress

MAY 6, 2022

These heterogeneous effects mean that different countries will have differing incentives to abide by the Paris Agreement, which aims to limit global warming below 2 °C relative to pre-Industrial levels. Under the business-as-usual scenario, a global temperature increase of 2°C relative to pre-industrial levels is reached in the year 2043.

Tax

Tax Carbon Global Climate Change

Tesla India might still get lowered import taxes

Teslarati

FEBRUARY 19, 2024

The Indian government is reportedly finalizing a new import tax policy that might encourage Tesla and other foreign electric automakers to invest in India. According to people familiar with the matter, the Indian government is thinking of offering lowered import taxes to freight electric vehicle (EV) manufacturers.

India

India Tax Tesla Buy

Tax Credits Dwindle, Last Call For A $20,000 Chevy Bolt

CleanTechnica EVs

JANUARY 2, 2024

With the new year rung in, some big changes are happening in the industry. Not only are tax credits dwindling. continued] The post Tax Credits Dwindle, Last Call For A $20,000 Chevy Bolt appeared first on CleanTechnica.

Tax Credit

Tax Credit Tax Industrial Industry

Tax Credits Dwindle, Last Call For A $20,000 Chevy Bolt

CleanTechnica EVs

JANUARY 2, 2024

With the new year rung in, some big changes are happening in the industry. Not only are tax credits dwindling. continued] The post Tax Credits Dwindle, Last Call For A $20,000 Chevy Bolt appeared first on CleanTechnica.

Tax Credit

Tax Credit Tax Industrial Industry

California reduces tax on dimethyl ether (DME) fuel to be consistent with other alternative fuels; enabling retail sales

Green Car Congress

SEPTEMBER 29, 2020

The California state legislature passed and the Governor signed into law a bill ( AB-2663 ) that lowers the Use Fuel Tax rate of dimethyl ether (DME) from $0.18 per gallon of DME-propane fuel blend used on or after 1 July 2021 (the same tax rate as propane, $0.06 per gallon of DME used and $0.06 per gallon).

Tax

Tax Alternative Fuels California Fuel

How will Norway’s proposed 40% aquaculture tax impact the industry?

Innovation News Network

NOVEMBER 3, 2022

The Innovation Platform explores the potential impacts of the Norwegian Government's proposed 40% resource rent tax on aquaculture. The post How will Norway’s proposed 40% aquaculture tax impact the industry? appeared first on Innovation News Network.

Tax

Tax Industrial Industry Norway

Thailand’s EV industry growing rapidly

Green Car Congress

MARCH 18, 2020

According to the Electric Vehicle Association of Thailand, the number of companies that are part of Thailand’s electric vehicle industry has risen significantly since 2015, from 76 to 420 in 2019. million units in 2018. Thailand is making great progress in the area of sustainable mobility.

Industrial

Industrial Industry Thailand Brunei

Tata Motors urges govt to keep hybrid tax, Toyota lobbies for cut

Baua Electric

JANUARY 17, 2024

Read more Tata Motors has opposed Toyota’s appeal for tax reduction on hybrid cars, claiming that they are more polluting than electric vehicles and should not be given a tax advantage. Several automakers like Toyota, who have been selling hybrid cars in India have been lobbying for a tax cut on the hybrid vehicles in India.

Tax

Tax Toyota Motor Motors

President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

JUNE 23, 2022

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.

Congress

Congress Fuel Tax Tax Fuel

Exide Industries Q4 Results: Firm beats profit view on higher demand – ET Auto

Baua Electric

MAY 1, 2024

Exide’s standalone profit after tax rose 36.6% Indian battery-maker Exide Industries beat fourth-quarter profit expectations on Tuesday, helped by higher demand in its automotive and industrial products segments. Exide’s standalone profit after tax rose 36.6% from a year ago to 2.84 bn rupees as per LSEG data.

Industrial

Industrial Industry Auto Lithium Ion

Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

JUNE 20, 2023

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Benchmark’s analysis shows that the expansion of the global lithium industry will need $51 billion of investment. Cathodes and anodes.

Industrial

Industrial Industry Global Lithium Ion

These are the EVs that still qualify for the $7,500 tax credit in 2024

Teslarati

JANUARY 2, 2024

electric vehicle (EV) tax credit have taken effect, significantly limiting the number of qualifying options in 2024. Tesla is one of many automakers that saw some of its vehicles excluded at the turn of the new year, and only a handful remain across the industry. New rules for the U.S. What are your thoughts? Did I miss any EV models?

Tax Credit

Tax Credit Tax F-150 PHEV

EV tax credit’s twisted timeline, IKEA charging, Nader and Tesla FSD: Today’s Car News

Green Car Reports

AUGUST 12, 2022

Could the EV tax credit reboot break WTO rules? And not even industry insiders can verify the EV tax credit is coming back before the end of the year, so buy now. electric vehicle tax. Electrify America adds chargers at IKEA. This and more, here at Green Car Reports. The revamped version of the U.S.

Tax

Tax Tax Credit Tesla Green Cars

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

Green Car Congress

MAY 21, 2021

Dan Kildee (MI-05) and Julia Brownley (CA-26), is supported at introduction by climate groups such as the Environmental Defense Fund and the World Wildlife Fund, and by industry groups, such as United Airlines, Airlines for America, LanzaJet, and the Airline Pilots Association. The legislation would create a tax credit starting at $1.50

Tax Credit

Tax Credit Tax Fuel Emissions

The Nissan Leaf is Eligible for a $3,750 Tax Credit Again

The Truth About Cars

MARCH 7, 2024

The automaker announced that the car has regained eligibility for federal tax credits, though for only half of the maximum $7,500. It’s followed not-so-closely by the Mini Cooper SE, but regaining tax credit eligibility is a significant boost. has a free-trade agreement.

Tax Credit

Tax Credit Tax Nissan Tennessee

China to extend NEV purchase tax exemption to end of 2023

CN EV Post

AUGUST 19, 2022

China will establish a coordination mechanism for the development of the NEV industry and will vigorously build charging piles. The post China to extend NEV purchase tax exemption to end of 2023 appeared first on CnEVPost. For more articles, please visit CnEVPost.

Purchase

Purchase Tax China Industrial

Biden Administration mulls over reprieve from EV tax credits for automakers

Teslarati

NOVEMBER 29, 2023

The reprieve would concern the eligibility of electric vehicles for the IRA’s tax incentives. One of the biggest concerns about the IRA’s requirements for EV tax credit eligibly regards battery packs, cells, and the materials used to manufacture them. The Biden Administration is considering a reprieve from the Treasury’s requirements.

Tax Credit

Tax Credit Tax United States North America

NIO EC7, new ES8, ES6 enter China's purchase tax exemption catalog, range info revealed

CN EV Post

FEBRUARY 20, 2023

China's industrial regulator has released the latest list of new energy vehicles exempted from vehicle purchase tax, including the NIO ES7, the new ES8 and the new ES6, which has not yet been officially launched. For more articles, please visit CnEVPost.

Purchase

Purchase Tax China Range

“Lithium tax” gets approved in California amid critics’ opposition

Teslarati

JULY 1, 2022

A plan to tax lithium, which is widely used in the production of electric vehicle batteries, has been approved in California as part of the state’s efforts to generate revenue for environmental remediation projects. The California lithium tax was approved by Governor Gavin Newsom as part of a must-pass state budget on Thursday.

Tax

Tax California General Motors China

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., Over the last decade, the second-generation biofuels industry has struggled to reach commercialization. The Renewable Fuel Standard (RFS2) in the U.S.

Tax

Tax Tax Credit Industrial Industry

Tesla gets $330M tax break for Giga Nevada expansion plan

Teslarati

MARCH 2, 2023

The Nevada Governor’s Office of Economic Development (GOED) Board approved a $330,250,366 million tax break for Tesla. Listed below are the taxes Tesla could generate, assuming it invests all $3.6 million in gross average annual property tax revenues $11.2 million in gross average annual sales taxes $1.1

Nevada

Nevada Tax Tesla 2014

TN will triple its dumb EV tax for inflation, but its gas tax lags inflation by ~5x

Baua Electric

JANUARY 5, 2024

Photo by Ron Cogswell on Flickr Tennessee has started the process of hiking its EV registration fee from $100 to $274 per year and beyond, aiming to continue hiking the fees in perpetuity, further increasing the disproportionately high taxes paid by EVs in the state as compared to gas cars. cent special petroleum fee “).

Tax

Tax Gas Tennessee Gas-Electric

GM expects entire EV lineup to qualify for full $7,500 tax credit as Bolt EV inventory runs low

Electrek

APRIL 17, 2023

General Motors shared Monday that it now leads the industry in the number of EV models that qualify for the full $7,500 tax credit. GM expects its entire lineup of electric vehicles under the MSRP cap to be eligible for the full EV tax credit in 2023.

Tax Credit

Tax Credit Tax GM General Motors

Tesla’s proposed TX lithium refinery takes step forward as school district ratifies tax abatements

Teslarati

DECEMBER 13, 2022

During a special meeting, the Robstown Independent School District approved a taxable value limitation for Tesla’s proposed lithium refinery under Chapter 313 of the Texas Tax Code. million on property taxes over that period. The vote was unanimous, hinting at the board’s support for the American electric vehicle maker. .

Tax

Tax Texas Water Tesla

Is A Tax On Electricity (kWh) Consumed The Best Way to Supplement the Fuel Tax for Electric Vehicles?

EV Adoption

JULY 4, 2022

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fuel tax.

Fuel Tax

Fuel Tax Tax Electric Vehicles Fuel

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.

Tax Credit

Tax Credit Tennessee Tax Production

Nonprofits Fueling the EV Industry

Clean Fleet Report

NOVEMBER 10, 2022

The electric vehicle (EV) industry is about to have its most significant sales spike thanks to international legislation and nonprofits ramping up support efforts. Some may wonder about the necessity of nonprofit involvement in the EV industry since companies are already making these cars for commercial use. Electric for All.

Industrial

Industrial Industry Fuel Tax Credit

South Korea’s Yoon pledges to extend tax benefits for chip investments – ET Auto

Baua Electric

JANUARY 15, 2024

In January 2023, the government unveiled a plan to offer large tax breaks to semiconductor companies investing at home, which are set to end this year. South Korean President Yoon Suk Yeol said on Monday that he would extend tax credits on investments in the domestic semiconductor industry to boost employment and attract more talent.

Tax

Tax South Korea Auto Tax Credit

California Approves Tax On Lithium Extraction

CleanTechnica EVs

JULY 2, 2022

California has decided to tax lithium produced from the Salton Sea area, which may have a negative impact on industry.

Tax

Tax California Industrial Industry

This Volkswagen EV Now Comes with Full Tax Credit Benefits

The Truth About Cars

JANUARY 30, 2024

4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. 4, which start at a base MSRP of $38,995 before the tax credit, a more budget-friendly option in the electric SUV segment. that qualifies for the full Federal Tax credit. 4 and how the tax credit enhances its accessibility.

Tax Credit

Tax Credit Tax EPA Tennessee

Kentucky electric cars now pay two taxes where gas cars only pay one

Baua Electric

JANUARY 1, 2024

Photo by Mobilus in Mobili on Flickr As of January 1st, Kentucky has implemented not one but two new taxes on electric vehicles, both of which are individually higher than what gas vehicles pay on similar units of energy. At the Kentucky Public Service Commission’s approved rate of 25c/kWh , this represents a 12% or 24% tax.

Kentucky

Kentucky Tax Gas-Electric Gas

Malaysia wants EVs to be tax-free, duty-free to encourage consumers to buy

Teslarati

OCTOBER 29, 2021

Malaysian government officials are petitioning and working toward making electric vehicles exempt from taxes, including import and excise duties, as well as road taxes. According to Paultan , a Malaysian automotive news site, supporting politicians are proposing a 100% exemption from the road tax for EVs.

Malaysia

Malaysia Tax Buy Purchase

Tesla stock climbs on tax credit inclusion, continuing stratospheric rise in 2023

Teslarati

FEBRUARY 3, 2023

Tesla stock ( NASDAQ: TSLA ) continued to climb on Friday following news that Model Y vehicles would completely qualify for electric vehicle tax credits. The post Tesla stock climbs on tax credit inclusion, continuing stratospheric rise in 2023 appeared first on TESLARATI.

Tax Credit

Tax Credit Tax Tesla SUV

Tata Motors advocates for incentives on EVs, opposes hybrid tax cuts in India: Report | Autocar Professional

Baua Electric

JANUARY 19, 2024

Tata Motors, India’s leading electric car manufacturer, is actively lobbying against potential tax cuts on hybrid vehicles in India, asserting that hybrids are more environmentally harmful than pure electric vehicles (EVs).

India

India Tax Motor Motors

China extends NEV purchase tax exemption until end of 2023 in official announcement

CN EV Post

SEPTEMBER 26, 2022

Three Chinese government departments announced in a joint statement that NEVs purchased between January 1, 2023 and December 31, 2023 will be exempt from purchase taxes. The post China extends NEV purchase tax exemption until end of 2023 in official announcement appeared first on CnEVPost. For more articles, please visit CnEVPost.

Purchase

Purchase Tax China Chinese

GM expects Chevrolet Silverado EV to get full $7,500 tax credit

Teslarati

APRIL 17, 2023

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. If it does, the Silverado EV will qualify for the IRA’s full $7,500 EV tax credit. Treasury’s proposed battery requirements for EV tax incentives. The Ultium line will likely adhere to the U.S.

Tax Credit

Tax Credit Silverado Chevrolet Tax

BYD chairman calls on China to extend NEV tax exemption until 2025

CN EV Post

APRIL 3, 2023

Wang Chuanfu, chairman and president of BYD (OTCMKTS: BYDDY), suggested in an April 1 speech at the China EV 100 Forum that China should extend the NEV purchase tax exemption to 2025, hoping the move would be fast-tracked to stabilize expectations, according to a video replay seen by CnEVPost.

Tax

Tax BYD China Purchase

BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

DECEMBER 1, 2021

Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.

Hydrogen

Hydrogen Clean Cleaning Industrial

Tax Exemptions & Free Parking May Drive More EVs in the Philippines

CleanTechnica EVs

AUGUST 16, 2022

Tax exemptions and free parking may drive more EVs in the Philippines after new electric car bill turns into a law. Just a month after the Electric Vehicle Industry Development Act (EVIDA) in the Philippines lapsed into law last April 15, several importers have ordered and a few have brought in small Chinese electric cars […].

Philippines

Philippines Tax Chinese Electric Cars

Senate Finance Committee Approves $12,500 EV Tax Credit Bill

The Truth About Cars

MAY 27, 2021

Changes include raising the federal EV tax rebate ceiling to $12,500 and opening the door for automakers who already exhausted their production quotas. The post Senate Finance Committee Approves $12,500 EV Tax Credit Bill appeared first on The Truth About Cars.

Tax Credit

Tax Credit Financing Tax General Motors

China to extend purchase tax exemption for NEVs, says top govt meeting

CN EV Post

JULY 29, 2022

China's policy of exempting NEVs from purchase taxes has been extended several times over the years. The post China to extend purchase tax exemption for NEVs, says top govt meeting appeared first on CnEVPost. For more articles, please visit CnEVPost.

Purchase

Purchase Tax China Industrial

China waives about $6 billion worth of NEV purchase taxes in Jan-July

CN EV Post

SEPTEMBER 2, 2022

China's policy is expected to exempt about RMB 100 billion of NEV purchase taxes next year. The post China waives about $6 billion worth of NEV purchase taxes in Jan-July appeared first on CnEVPost. For more articles, please visit CnEVPost.

Purchase

Purchase Tax China Industrial

kWh Billing and New EV Charging Tax Policies: What You Need to Know

Blink Charging

OCTOBER 6, 2023

As both EV adoption increases and internal combustion engine vehicles have become more fuel efficient, states are seeking to offset lost revenue from the gas tax. With states enacting new kWh taxes on EVs and EV charging, we want to make sure you have the right information. By the end of 2022, there were 2.7

Tax

Tax Charging Virginia Gas-Electric

Tax in Canada is accelerating the critical minerals industry

Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

Tesla India might still get lowered import taxes

Tax Credits Dwindle, Last Call For A $20,000 Chevy Bolt

Tax Credits Dwindle, Last Call For A $20,000 Chevy Bolt

California reduces tax on dimethyl ether (DME) fuel to be consistent with other alternative fuels; enabling retail sales

How will Norway’s proposed 40% aquaculture tax impact the industry?

Thailand’s EV industry growing rapidly

Tata Motors urges govt to keep hybrid tax, Toyota lobbies for cut

President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Exide Industries Q4 Results: Firm beats profit view on higher demand – ET Auto

Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

These are the EVs that still qualify for the $7,500 tax credit in 2024

EV tax credit’s twisted timeline, IKEA charging, Nader and Tesla FSD: Today’s Car News

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

The Nissan Leaf is Eligible for a $3,750 Tax Credit Again

China to extend NEV purchase tax exemption to end of 2023

Biden Administration mulls over reprieve from EV tax credits for automakers

NIO EC7, new ES8, ES6 enter China's purchase tax exemption catalog, range info revealed

“Lithium tax” gets approved in California amid critics’ opposition

ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

Tesla gets $330M tax break for Giga Nevada expansion plan

TN will triple its dumb EV tax for inflation, but its gas tax lags inflation by ~5x

GM expects entire EV lineup to qualify for full $7,500 tax credit as Bolt EV inventory runs low

Tesla’s proposed TX lithium refinery takes step forward as school district ratifies tax abatements

Is A Tax On Electricity (kWh) Consumed The Best Way to Supplement the Fuel Tax for Electric Vehicles?

NOVONIX to receive $103 million in tax credits to support production of critical battery materials in Tennessee. – Charged EVs

Nonprofits Fueling the EV Industry

South Korea’s Yoon pledges to extend tax benefits for chip investments – ET Auto

California Approves Tax On Lithium Extraction

This Volkswagen EV Now Comes with Full Tax Credit Benefits

Kentucky electric cars now pay two taxes where gas cars only pay one

Malaysia wants EVs to be tax-free, duty-free to encourage consumers to buy

Tesla stock climbs on tax credit inclusion, continuing stratospheric rise in 2023

Tata Motors advocates for incentives on EVs, opposes hybrid tax cuts in India: Report | Autocar Professional

China extends NEV purchase tax exemption until end of 2023 in official announcement

GM expects Chevrolet Silverado EV to get full $7,500 tax credit

BYD chairman calls on China to extend NEV tax exemption until 2025

BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Tax Exemptions & Free Parking May Drive More EVs in the Philippines

Senate Finance Committee Approves $12,500 EV Tax Credit Bill

China to extend purchase tax exemption for NEVs, says top govt meeting

China waives about $6 billion worth of NEV purchase taxes in Jan-July

kWh Billing and New EV Charging Tax Policies: What You Need to Know

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