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Sen. Baucus draft for energy tax reform focuses on clean production of electricity and fuels; repeals plug-in vehicle credits

Green Car Congress

introduced the latest in a series of discussion drafts to overhaul the US tax code. This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US.

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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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US Congress Considers 1st-Ever Purchase Incentive for Commercial EVs

CleanTechnica EVs

Last week, Senators Schumer and Manchin announced a compromise on a reconciliation bill, called the Inflation Reduction Act of 2022, that includes significant climate and air quality progress and a goal to reduce greenhouse gas emissions nationwide by 40 percent by 2030.

Purchase 143
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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Converting a significant portion of the fleet to hydrogen would require more DRI plants and more electric furnaces. This would be a major shift in the type of furnaces and fuels used to produce steel.

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The Complex Calculus of Clean Energy and Zero Emissions

Cars That Think

Congress has provided hundreds of billions of dollars to speed the deployment of clean-energy technologies. As legislation worked its way through Congress, Jenkins’s team provided elected officials, staffers, and stakeholders with a running tally of the possible trade-offs and payoffs in emissions, jobs, and economic growth.

Clean 88
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NTSB Chair questions safety impact of heavy EVs

Green Car Congress

During a keynote speech to the Transportation Research Board annual meeting Wednesday, National Transportation Safety Board (NTSB) Chair Jennifer Homendy questioned the safety impact of electric vehicles. The Ford F-150 Lightning is between 2,000 and 3,000 pounds heavier than the non-electric version. Pedestrians will also be at risk.

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Next 10-UC Berkeley study suggests additional tax revenue or income-based rate structure to make electricity more affordable for Californians

Green Car Congress

California’s current strategy of recovering a myriad of fixed costs in electricity usage rates must change as the state uses more renewable electricity to power buildings and vehicles, according to the findings from a new report from the Energy Institute at the UC Berkeley Haas School of Business and non-profit think tank Next 10.