article thumbnail

President Obama Awards $2.3B for Tax Credits for New Clean-Tech Manufacturing Jobs; GE Gets Largest Battery-related Award

Green Car Congress

billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. Aeroenvironment plans to purchase equipment for manufacturing 25 kWh LiTiO advanced battery packs and battery management systems. President Obama announced the award of $2.3 Aerovironment, Inc.

article thumbnail

Top Factors Affecting EV Adoption

EV Connect

Cost (and Cost Comparison) A recent study showed 67% of would-be purchasers claim cost is a primary concern. Incentives and restrictions The extension of the light-duty EV tax credit through 2032 locks in generous savings for consumers in the short term.

Charging 104
article thumbnail

How Umicore is ensuring sustainability in the North American EV battery chain

Charged EVs

Furthermore, IRA-compliant battery critical mineral supply could be redirected globally to supply US electric vehicles, thereby benefiting from the US Clean Vehicle Tax Credit. For Umicore, our plans to build our pCAM and CAM gigafactory in Canada were made and announced before the IRA made headlines.

article thumbnail

How Umicore is ensuring sustainability in the North American EV battery chain – Charged EVs

Baua Electric

Furthermore, IRA-compliant battery critical mineral supply could be redirected globally to supply US electric vehicles, thereby benefiting from the US Clean Vehicle Tax Credit. For Umicore, our plans to build our pCAM and CAM gigafactory in Canada were made and announced before the IRA made headlines.

article thumbnail

Electric Car Manufacturers Inspire New Paradigms -- Seeking Alpha

Tony Karrer Delicious EVdriven

The electric car features three different battery options, two different Lithium-based (LI) systems – A123Systems and Enerdel as well as a Sodium-Nickel battery Zebra (Mes-Dea). Tax credit incentives are also available to consumers in the U.S. market for sustainable “green” energy purchases.