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US senators announce offshore wind manufacturing tax credit bill

Electrek

Senators Cory Booker (D-NJ), Ed Markey (D-MA), Robert Menendez (D-NJ), and Elizabeth Warren (D-MA) today announced the Offshore Wind American Manufacturing Act, which would drive domestic manufacturing and offshore wind deployment.

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GM Will Discount Models Not Currently Eligible for $7,500 Tax Credit

The Truth About Cars

The EV tax credit rules changed again at the beginning of 2024, and stricter requirements on battery materials sourcing cut several previously qualified models from the list. The stricter battery sourcing rules aim to take some of the wind out of China’s sails in the EV race.

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VW ID.4 AWD range, EV tax credit union pushback, “green” hydrogen from methane: Today’s Car News

Green Car Reports

Tesla, Toyota, and Honda are among the automakers pushing back about an EV tax credit that gives a boost to labor unions. And can hydrogen from a landfill really be greener than that from solar and wind? Volkswagen reveals range ratings for its affordable all-wheel-drive EVs. This and more, here at Green Car Reports.

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Kia to begin EV9 production in the US by May, expects $7,500 EV tax credit eligibility by 2025

Baua Electric

Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year. Kia America’s head of corporate communications, James Bell, told Nikkei that moving EV9 production to its West Point, GA plant will enable it to qualify for a part of the EV tax credit. FTC: We use income earning auto affiliate links.

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DOE awards $98M in tax credits to automakers and suppliers for clean technology manufacturing

Green Car Congress

The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. Funded at $2.3 Funded at $2.3 Lead organization. Description.

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Tesla sells 200,000th car, starting phaseout of federal tax credits

Green Car Reports

Tesla's vehicle purchase incentives web page on Thursday morning reported that the wind-down of incentives for buyers of its cars has begun. Following the change, Tesla buyers will only be eligible to receive the full $7,500 federal tax credit until Dec. After that, the credits will halve.

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New Jersey resuscitates offshore wind with two new projects

Baua Electric

Photo: Ocean Wind 1 Ørsted dealt New Jersey a massive blow by canceling 2.2 gigawatts (GW) of offshore wind last year, but the state just added 3.7 New Jersey was expected to announce another offshore wind solicitation at the beginning of 2024, and it’s delivered. GW of new projects to its pipeline.