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Colorado Electric Vehicle Tax Credit Rises to $5,000

EV Life

The bill puts forth several measures aimed at advancing decarbonization in the state, including tax credits for industrial facilities to implement emission-reducing improvements, new spending for geothermal energy projects and geothermal electricity generation, the construction of sustainable aviation fuel production facilities, and more.

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The Aftershocks of the EV Transition Could Be Ugly

Cars That Think

However, high energy prices may make it economically unfeasible to build plants in Europe, according to Volkswagen brand chief executive Thomas Schafer. This again shows that EVs have become not just a means to combat climate change, but also a geopolitical weapon.