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Tax Credits Dwindle, Last Call For A $20,000 Chevy Bolt

CleanTechnica EVs

With the new year rung in, some big changes are happening in the industry. Not only are tax credits dwindling. continued] The post Tax Credits Dwindle, Last Call For A $20,000 Chevy Bolt appeared first on CleanTechnica.

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Tax Credits Dwindle, Last Call For A $20,000 Chevy Bolt

CleanTechnica EVs

With the new year rung in, some big changes are happening in the industry. Not only are tax credits dwindling. continued] The post Tax Credits Dwindle, Last Call For A $20,000 Chevy Bolt appeared first on CleanTechnica.

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US DOE releases national clean hydrogen strategy and roadmap

Green Car Congress

The US Department of Energy (DOE) released the US National Clean Hydrogen Strategy and Roadmap , a framework for accelerating the production, processing, delivery, storage, and use of clean hydrogen. Source: DOE. It also complements the massive $9.5-billion It also complements the massive $9.5-billion

Clean 415
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Senate Finance Committee Approves $12,500 EV Tax Credit Bill

The Truth About Cars

On Wednesday, the Senate Finance Committee advanced the Clean Energy for America Act making a few tweaks from earlier proposals. Changes include raising the federal EV tax rebate ceiling to $12,500 and opening the door for automakers who already exhausted their production quotas.

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GM expects Chevrolet Silverado EV to get full $7,500 tax credit

Teslarati

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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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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NOVONIX to receive $103 million in tax credits to support production of critical battery materials in Tennessee. – Charged EVs

Baua Electric

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.