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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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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. The credit will be available at the point of sale.

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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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Kinder Morgan to purchase El Paso for approximately $38B to form largest natural gas pipeline network and largest midstream energy enterprise in North America

Green Car Congress

(KMI) and El Paso Corporation on Sunday announced a definitive agreement whereby KMI will acquire all of the outstanding shares of EP in a transaction that will create the largest midstream and the fourth-largest energy company in North America with an enterprise value of approximately $94 billion and 80,000 miles of pipelines. KMP and KMR.

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Uranium Energy Corp completes acquisition of Uranium One Americas; largest uranium mining company in US

Green Car Congress

UEC) recently acquired all of the issued and outstanding shares of Uranium One Americas (U1A), Inc. for a total purchase price of $112 million in cash together with an additional $2.9 Review and integrate U1’s significant tax loss carry-forwards to be applied to offset future income. Uranium Energy Corp.

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President Obama announces $1B National Community Deployment Challenge to spur deployment of alternative-fuel vehicles; new purchasing incentives; new EV Everywhere research grand challenge

Green Car Congress

Tax credits. The President is also proposing a new tax incentive for commercial trucks that provides a credit for 50% of the incremental cost of a dedicated alternative-fuel truck, including trucks powered by natural gas or electricity, for a five-year period.

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Ford Mustang Mach-E customers to receive 250 kWh of complimentary charging at Electrify America stations

Green Car Congress

Ford Mustang Mach-E owners in the US will receive 250 kWh of complimentary charging through FordPass Rewards at Electrify America fast-charging stations. For Mustang Mach-E owners with the extended-range battery, the 250 kWh of fast-charging energy is equal to more than three fill-ups.

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