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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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Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

Green Car Congress

Some will suffer greatly from climate change, while others may even benefit. The social cost of carbon has become the standard measure to benchmark the magnitude of the carbon taxes needed to implement optimal carbon policy. Setting such a high tax on carbon is probably unrealistic, especially in developing countries.

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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. At that time, this order process will close.

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54 Members of Congress (All Democrats) Push for End to Fossil Fuel Subsidies

CleanTechnica EVs

By Sujatha Bergen In a letter to House Speaker Nancy Pelosi and Majority Leader Steny Hoyer this week, 54 members of Congress called for an end to more than $120 billion in tax handouts to the fossil fuel industry. Originally published by NRDC.

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President Biden proposes $174B spend on EVs and chargers

Green Car Congress

Giving consumers point of sale rebates and tax incentives to buy American-made EVs, while ensuring that these vehicles are affordable for all families and manufactured by workers with good jobs. Climate science and clean energy. Electrifying the federal fleet, including that of the United States Postal Service.

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The US’s largest renewable developer says it’s ‘unlikely’ GOP would gut clean energy tax credits

Baua Electric

The US’s largest renewable developer on the IRA The Biden administration’s landmark climate change law, the Inflation Reduction Act, has created a US clean energy manufacturing boom, thanks to the generous tax credits and other incentives. The Republican Party says it’s going to work to repeal it. Get started here. –ad*

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Volvo XC40 Recharge EV to start at $53,990 in US before qualifying tax incentives

Green Car Congress

The purchase of an XC40 Recharge may qualify for a federal tax credit of up to $7,500. inch driver display and nine-inch tablet-like touchscreen, dual zone automatic climate control with CleanZone technology, four USB-C ports and a rear park assist camera. State and local incentives could add further benefits.

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