CleanTechnica EVs

NOVEMBER 24, 2022

to be a bit loose in determining whether EVs comply with new EV tax credit requirements. Ford wants the U.S. Read on for what’s going on here. Some Background Rare-earth minerals are a big deal.

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Tax Credit Tax Ford Renewable 129

Teslarati

APRIL 17, 2023

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. The legacy automaker recently announced that its customers will benefit from the full $7,500 clean vehicles purchase incentive across its entire EV fleet lineup under a given MSRP cap.

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Tax Credit Silverado Chevrolet Tax 119

Blink Charging

FEBRUARY 23, 2023

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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Tax Credit Tax Electric Vehicles North America 72

Baua Electric

APRIL 4, 2024

Battery materials and technology company NOVONIX has been selected to receive a $103-million tax credit under section 48C of the Qualifying Advanced Energy Project Allocation Program, to support production of critical battery materials at its Riverside facility in Chattanooga, Tennessee.

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Tax Credit Tennessee Tax Production 52

Green Car Congress

DECEMBER 12, 2013

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.

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Tax Credit Tax Clean Cleaning 218

Green Energy Consumers

APRIL 4, 2023

Back in January, we reported that the federal government was delaying the implementation of the complicated new battery and mineral requirements for the federal tax credit for electric cars, known as the Clean Vehicle Credit. Here’s what you need to know about these upcoming changes to the federal tax credit.

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Tax Credit Tax Electric Cars Cars 73

Setec Powerr

APRIL 26, 2023

One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1 In 2023, the tax credit remains available for eligible new electric vehicles but has undergone some changes compared to previous years.

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Tax Credit Tax Electric Cars Cars 52

EV Adoption

AUGUST 18, 2021

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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Tax Credit Tax Manufacturer Parts 111

Green Car Reports

APRIL 17, 2023

The revised Clean Vehicle Credit that was enacted last August as part of the Inflation Reduction Act immediately shifted to apply solely to American-made electric vehicles.

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Tax Credit Tax Clean Cleaning 187

EV Life

OCTOBER 7, 2023

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Tax Credit Tax Buy Purchase 52

EV Life

JANUARY 11, 2024

Colorado is one of the newest states looking to accelerate widespread EV adoption through aggressive financial incentives, introducing an electric vehicle tax credit for its residents in 2023. This is great news for Tesla fans, as many Tesla models qualify for the credit. And the federal tax credit just got even easier to use.

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Tax Credit Tax Colorado Tesla 52

Green Car Congress

AUGUST 1, 2023

The US Department of Energy (DOE) released its 2023 Critical Materials Assessment (2023 CMA), which evaluated materials for their criticality to global clean energy technology supply chains. The Assessment focuses on key materials with high risk of supply disruption that are integral to clean energy technologies.

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Clean Cleaning Supplies Energy 370

CleanTechnica EVs

JUNE 4, 2023

billion in Inflation Reduction Act production tax credits this year. Benchmark Mineral Intelligence is reporting that Tesla and Panasonic are expected to receive about $1.8 That will put the two companies far ahead of the estimated $480 million that General Motors and LG Energy Solution are expected to receive.

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Tax Credit Tax General Motors Tesla 111

Green Car Congress

MAY 24, 2023

Circulor’s “digital battery passport” solution is an enabler of a sustainable, responsible, and circular battery value chain and designed for full compliance with forthcoming EU regulatory requirements. Circulor’s approach can also support the automotive industry in proving the requirements of the US Clean Vehicle Tax Credit.

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Tax Credit Batteries Battery Tax 170

EV Life

APRIL 7, 2023

In this article, we’re going to show you how California residents can save over $15,000 on Tesla Model 3 and Model Y by taking advantage of available EV tax credits, rebates, and incentives. Any unused funds are not available as a refund or to be used on the following year’s taxes. Not anymore.

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Tax Credit Tax Tesla Purchase 52

Green Car Reports

MARCH 31, 2023

Department of the Treasury on Friday posted guidance for battery materials, helping to clarify whether those buying EVs as soon as later next month will be able to claim the $3,750 credit dedicated to this under the new Clean Vehicle Credit.

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Tax Credit Tax Buy Clean 168

Teslarati

AUGUST 7, 2023

Used Teslas will now qualify for the $4,000 tax credit through the Inflation Reduction Act (IRA) that is applicable for electric vehicles (EVs), Plug-In Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs). However, there is one tough yet significant hoop to jump through for a used Tesla to qualify for the credit.

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Tax Credit Tax Tesla Plug-in 89

EV Adoption

SEPTEMBER 7, 2021

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers.

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Tax Credit Tax Parts Purchase 59

CleanTechnica EVs

SEPTEMBER 11, 2022

Electric vehicle makers in the US may struggle to qualify their customers for a federal tax credit under new rules set by the Inflation Reduction Act. Topping the list is a supply chain makeover focusing on domestic sources. That could mean a new market for halloysite, and if you don’t know what that is, we’re […].

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Tax Credit Tax Electric Vehicles Vehicles 65

Green Car Congress

JANUARY 25, 2012

Sherrod Brown (D-OH), would extend the advanced energy manufacturing tax credit (48C credit). The program provides investment tax credits of 30% for facilities that manufacture energy equipment. It’s unacceptable that 70 percent of clean energy components are made outside of the US.

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Tax Credit Tax Manufacturer Energy 186

Green Car Congress

JANUARY 9, 2010

billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. The 183 projects in 43 states include several for the manufacturing of advanced batteries; biomass projects; and vehicles. GE claimed the largest of the battery-related awards, with a $25.5

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Tax Credit Obama Tax Clean 210

Green Car Congress

FEBRUARY 4, 2023

Further, the 2022 Fall Economic Statement included a refundable investment tax credit for clean technologies including industrial zero-emission vehicle charging and refuelling equipment, alongside support for clean energy generation and storage.

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Canada Tax Credit Clean Cleaning 304

Green Car Congress

MAY 13, 2023

Aluminum, the report says, is caught in the middle of the clean energy transition—it is a crucial component enabling economy-wide decarbonization, but at the same time is one of the highest emitting industrial materials. Unfortunately, the demand-side drives for aluminum outpace these few supply-side investments.

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Production Tax Credit Electrical Electric 225

Green Car Congress

DECEMBER 1, 2022

We can all see that there is growing demand for proof of what is in our batteries and our vehicles. It’s clear that we need to create a circular battery economy in order to build a responsible, electrified future.

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Economy Building Battery Batteries 330

Green Car Congress

FEBRUARY 24, 2021

Outlander PHEV is substantially upgraded for 2021, and features a revised powertrain, an enlarged battery pack offering extended all-electric range, and increased performance from a new, more efficient, 2.4 Starting MSRP remains the same as the 2020 model, just $36,295 before available state and federal tax incentives.

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PHEV Mitsubishi Batteries Battery 243

Blink Charging

JANUARY 19, 2024

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America.

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Tax Credit Tax North America Clean 94

Green Car Congress

AUGUST 9, 2023

The Argo Series is designed to support all medium-duty applications across Class 4-6—including box trucks, step vans, shuttle buses, refrigerated vehicles, vocational vehicles, and other specialties—and is built on top of Motiv’s next-generation powertrain, including a 150-200 mile range LFP battery.

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Powered Power Tax Credit Fleet 370

CleanTechnica EVs

JANUARY 10, 2023

The classification decisions made by the Treasury are not consistent with either the letter or intent of the Inflation Reduction Act, are unfair to full battery electric vehicles, and are confusing for consumers.

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Tax Credit Tax SUV Electric 97

CleanTechnica EVs

MARCH 27, 2023

If you’re a fan of EVs and you spend much time on social media, you probably saw all of the controversy over the Act’s treatment of battery minerals for EV tax credits. If you remember 2022 (it seems so long ago now), you probably remember the Inflation Reduction Act (IRA). I predicted that the situation […]

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Tax Credit Battery Batteries Production 97

Green Car Congress

JUNE 20, 2023

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 However, batteries are the fastest-growing demand market for nickel.

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Industrial Industry Global Lithium Ion 243

Green Car Congress

DECEMBER 23, 2022

In addition to the funding provided by HVIP, purchasers of Nikola’s Tre battery-electric vehicle and FCEVs will also qualify for an additional $40,000 in clean commercial vehicle tax credits in 2023 from the federal government due to the passage of the “Inflation Reduction Act”.

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Scrappage Tax Credit Purchase California 435

Green Car Congress

NOVEMBER 12, 2022

FREYR Battery announced the selection and purchase of a site in Coweta County, Georgia for its planned Giga America battery plant. The SemiSolid platform enables capital and energy efficient production of lithium-ion batteries at scale. billion through 2029.

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Georgia Batteries Battery Tax Credit 150

CleanTechnica EVs

NOVEMBER 2, 2023

Lavish tax credits. Instead, legacy automakers are pulling back from what had been feverish investments in battery gigafactories and excited announcements of new EVs models. Now Ford is delaying billions of dollars of investment in battery plants. […] Price cuts.

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Tax Credit Tax Ford Sale 121

CleanTechnica EVs

AUGUST 11, 2022

When it comes to the recently passed law, EV tax credits have gotten much of the attention, largely due to controversies in how they’re structured. A recent article at Bloomberg points out some of the big advantages of the recent Inflation Reduction Act for people considering home solar.

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Tax Credit Solar Climate Tax 145

Green Car Congress

SEPTEMBER 1, 2023

Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity. The project secured an up to $398.6-million

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Energy Storage Energy Polymer Legal 195

CleanTechnica EVs

SEPTEMBER 1, 2022

It will do much to shape the USA’s clean energy and electric vehicle growth and development in the coming decade. We have been especially focused on the EV tax credit portion of the bill since it’s a bit […]. The Inflation Reduction Act of 2022 has been the story of the quarter in the cleantech world.

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Tax Credit USA Tax Clean 113

Green Car Congress

MAY 8, 2021

An additional $30 million is now available through New York State’s Drive Clean Rebate program to encourage more consumers to lease or purchase an all-electric car or plug-in hybrid electric vehicle. Eligible vehicles under the Drive Clean Rebate include all-electric cars, plug-in hybrid electric cars, and fuel-cell-electric cars.

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New York New York City Tax Credit Clean 321