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DRC bans export of cobalt, copper concentrates

Green Car Congress

Fastmarkets reported that the Democratic Republic of Congo (DRC) has banned the export of copper and cobalt concentrate. In 2013, after reversing the decision, the government put heightened taxes on cobalt concentrate exports in place.

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What EV Buyers Need to Know About the $7,500 EV Tax Credit

Clean Fleet Report

One of the most intriguing of these changes for car buyers is a revamped electric vehicle (EV) tax credit. How Much Can You Get from the EV Tax Credit? The new EV tax credit, like the one that preceded it, offers up to $7,500 for electric passenger cars and light trucks. A tax credit also applies to used EVs.

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Omnia’s explosives business boosted by battery metals exploration – ET Auto

Baua Electric

Omnia’s after-tax profit was flat at 1.163 billion rand (USD 61.88 Omnia’s explosives unit BME operates in 17 African countries including South Africa, Zimbabwe, Zambia, Mali and the Democratic Republic of Congo. It means our shareholders have a different, progressive asset that is diversified,” he added.

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We Need More Than Just Electric Vehicles

Cars That Think

Governments have offered subsidies or tax rebates to make EVs more appealing, a policy which the U.S. estimates that by 2030 the deployment of EVs could cut global receipts from fossil-fuel taxes by around US $55 billion. Those tax revenues are necessary for the maintenance of roads. Inflation Reduction Act has just augmented.

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The EV Transition Explained: How to Meet Sales Targets?

Cars That Think

For example, to receive the full $7,500 tax credit available , 40 percent of a battery’s critical minerals must be extracted from or processed in the United States or a US free-trade agreement partner, or be recycled in North America; 50 percent of the battery components must be manufactured or assembled in North America before 2024.

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Live Blog: Tesla (TSLA) 2021 Annual Meeting of Stockholders

Teslarati

15:14 PT – Elon proposes the carbon tax. Can there be a carbon tax, what the hell?” A member of the Sisters of Good Shepherd New York cites the human rights impact of cobalt, a controversial material that still sees child labor in the Congo region. “Our goal is to have the safest factory on Earth,” he said.

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