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Tax filers: If you’re claiming IRA tax credits, then you need this free tool

Baua Electric

Photo: Tesla If you bought an EV or made electric upgrades in 2023, then use this Rewiring America tool to confirm which Inflation Reduction Act (IRA) tax credits you qualify for. The IRA tax credits are new, so it’s good to have a tool to refer to during tax preparation. The tool tells me that I get 30% of qualifying costs.

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How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. The Clean Vehicle Tax Credit for new EVs is worth up to $7,500 and the Previously Owned Clean Vehicle Tax Credit is worth up to $4,000.

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With gas phase-out in view, Europe could lose $160 billion in fuel taxes

Teslarati

With Europe’s gas phase-out plans now within view, the countries there could be set to lose significant funding from fuel taxes in the coming years. Still, the change could have some latent effects, especially as most countries get crucial revenue from taxes on gas. What about in other countries?

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Tesla’s private tax abatement for Giga Nevada expansion criticized by Senator

Teslarati

Tesla’s tax abatement package for Giga Nevada’s expansion is under fire by Senator Dina Neal, who criticized the use of a nondisclosure agreement (NDA) to keep the specifics under wraps until just days before the Governor’s Office of Economic Development (GOED) will vote on its terms. The power of the purse is legislative.

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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. The good news is that there are now tax credits for individuals and businesses that buy or lease a new or used electric vehicle! First, the easy part: How do I claim the $7,500 EV tax credit?

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New JV in China to produce high-grade Li-ion power battery materials

Green Car Congress

has entered into an investment agreement with the following parties to form a joint venture dedicated to the production of high-grade lithium-ion power battery anode materials. million) and a total land area of approximately 266,800 square meters, for the production of high-grade lithium-iron power battery anode materials.

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EGEB: Solar could make up 40% of US power by 2035 – Biden administration

Electrek

In today’s Electrek Green Energy Brief (EGEB): If Congress provides tax credits for the solar industry, it could grow rapidly by 2035. UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. First Solar breaks ground on a $680 million, 3.3 GW solar factory in Ohio.

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