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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp.,

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Jeep partnering with Electrify America to install chargers at select trailheads

Green Car Congress

Jeep is partnering with Electrify America to create the Jeep 4xe Charging Network. Trailhead chargers coincide with launch of 2021 Jeep Wrangler 4xe plug-in hybrid and will support future electrified Jeep vehicles. The 4xe is rated at 49 MPGe and 21 miles of all-electric range.

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Inflation Reduction Act mandates escalating battery critical mineral requirements to qualify for EV tax credit

Green Car Congress

The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.

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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.

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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. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. It does not act as a rebate (until 2024).

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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

Green Car Congress

EU battery manufacturing is caught in the crossfire between America and China. —Julia Poliscanova, senior director for vehicles and emobility at T&E Germany, Hungary, Spain, Italy and the UK stand to lose the most if battery-makers change their plans. Europe must act or risk losing it all.

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Polestar announces ‘Made in America’ EV production start date

Teslarati

While these tax incentives were previously reasonably straightforward, with the passing of the Inflation Reduction Act, things got a lot more complex, requiring EVs to be manufactured in North America (among other requirements) to qualify for incentives. Polestar will continue producing vehicles at its Chinese facilities.