EV Life

OCTOBER 15, 2020

EV Life, a car site dedicated exclusively to electric vehicles, announced that it was 1 of 28 companies to win a CalSEED grant from the California Energy Commission (CEC). Now more than ever, investing in California’s entrepreneur ecosystem means investing in a resilient clean energy future.”. Scott, Vice-Chair of the CEC.

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Financing Grant Gas-Electric California 98

EV Adoption

AUGUST 18, 2021

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). In this part 2 article, we’ll dive deeply into the elimination of the per manufacturer 200,000 EVs sold phaseout.

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Tax Credit Tax Manufacturer Parts 111

Setec Powerr

APRIL 26, 2023

The global push towards sustainable energy and reducing carbon emissions has given rise to the popularity of electric vehicles (EVs). One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1

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Green Car Congress

AUGUST 14, 2021

A new study published by US Department of Energy’s (DOE) Argonne National Laboratory offers the most complete understanding yet of the costs of owning and operating a vehicle, and how those costs vary by powertrain, from the conventional to the cutting-edge. —David Gohlke, an energy and environmental analyst at Argonne and co-author.

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Transportation Alternative Fuels Maintenance Chad 435

Green Car Congress

AUGUST 12, 2022

This funding comes from DOT’s Buses and Bus Facilities Program and Low or No Emission Vehicle (Low-No) Program, helping transit agencies purchase and lease new, cleaner vehicles and renovate and construct the infrastructure needed for zero-emission transit vehicles. US Senators Dianne Feinstein and Alex Padilla (both D-Calif.) Project title.

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EV Life

OCTOBER 7, 2023

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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EV Adoption

FEBRUARY 23, 2021

On February 5, Mike Thompson , Chairman of the House Ways and Means Subcommittee on Select Revenue Measures announced the introduction of the Growing Renewable Energy and Efficiency Now (GREEN) Act (PDF). Buyers can claim a base credit of $1,250 for the purchase of qualifying used EVs, with additional incentives for battery capacity.

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Green Car Congress

JUNE 21, 2010

Pacific Energy Capital II, LLC, a non-utility subsidiary of PG&E Corporation, and SunRun Inc., a provider of home solar financing, announced a $100-million tax equity project financing agreement to fund SunRun’s installation of more than 3,500 new home solar installations across the nation.

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EV Adoption

SEPTEMBER 7, 2021

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers. And another 7 PHEVs qualify for credits of between $6,670 and $7,500.

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Tax Credit Tax Parts Purchase 59

Green Car Congress

JULY 22, 2009

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Energy Markets in a State of Change. M barrels/day of oil within the next 10 years ”. Billion vs. $28.3

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Financing Renewable Stimulus Package Energy 150

Green Car Congress

JUNE 16, 2020

For Mustang Mach-E owners with the extended-range battery, the 250 kWh of fast-charging energy is equal to more than three fill-ups. For standard-range battery models, the 250 kilowatt-hours of fast charging energy is equal to more than five fill-ups.

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Green Car Congress

FEBRUARY 21, 2013

In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050). Babiker (2013) Energy Economics , 36: 322–333 doi: 10.1016/j.eneco.2012.09.001.

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Fuel Economy MIT Fuel Tax Economy 288

Baua Electric

JULY 23, 2024

Photo: Primergy The Gemini Solar + Storage project in Nevada – the US’s largest co-located solar + battery energy storage system – is now operational. NV Energy signed a 25-year power purchase agreement for the energy produced by the plant. billion in debt and tax equity financing for construction and development.

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Solar Batteries Battery Nevada 52

Green Car Congress

NOVEMBER 12, 2022

FREYR Battery announced the selection and purchase of a site in Coweta County, Georgia for its planned Giga America battery plant. The SemiSolid platform enables capital and energy efficient production of lithium-ion batteries at scale. According to Rystad Energy, to satisfy a 1.6-degree

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Georgia Batteries Battery Tax Credit 150

EV Connect

AUGUST 2, 2021

And thanks to a variety of tax credits and incentive programs, the barrier to entry may be lower than you think. On the federal, state and local levels, there are a plethora of tax credits for installing electric-vehicle charging stations. Washington state offers tax credits for up to 50% of the costs of equipment and related costs.

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Tax Credit Tax Electric Vehicles Charging 52

Baua Electric

FEBRUARY 5, 2024

Akerman, a top-100 US law firm with over 700 employees, has launched three new teams under the umbrella of its Energy and Infrastructure Sector Team, focusing on renewable energy and other high-tech infrastructure.

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Legal Charging Energy Storage Financing 52

Baua Electric

MAY 21, 2024

Tesla Model Y Photo: Tesla As Electrek reported earlier this month, Tesla is offering 0.99% financing for 72 months on its 2024 Model Y through May 31. That’s a hefty interest rate cut from the previous 6.49%, effectively lowering the cost of a Model Y purchase by $8,000. However, the Lightning’s $7,500 federal tax credit is intact.

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F-150 Tax Credit Kia Solar 52

Clean Fleet Report

DECEMBER 27, 2021

Rebates & Tax Credits Don’t Help Most Americans. Even though there are generous EV tax credits, rebates from states and utilities, and other incentives that can save drivers $10,000 or more per EV, most people aren’t aware these programs even exist. EV Climate Loans Help Close the Incentives Gap. Help Navigating EV Incentives.

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Affordable Tax Credit Climate Tax 81

Green Car Congress

DECEMBER 21, 2009

In the Pre-Budget Report (PBR) released on 9 December, UK Chancellor Alistair Darling announced that all electric cars will be exempt from Company Car Tax (CCT) for 5 years and electric vans will be exempt from Van Benefit Charge (VBC) for the same period. The PBR also has news of an additional £30 million (US$48.5 Earlier post.).

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Green Car Congress

JANUARY 24, 2019

a diversified innovation and technology holding company today, has entered into a definitive asset purchase agreement with Sunoco LP to acquire and operate its corn ethanol plant and grain malting operation in Fulton, NY. Attis expects to finance the transaction with non-dilutive financing. Attis Industries Inc.,

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Industrial Industry New York Renewable 191

Baua Electric

MAY 23, 2024

Tesla Model Y Photo: Tesla As Electrek reported earlier this month, Tesla is offering 0.99% financing for 72 months on its 2024 Model Y through May 31. That’s a hefty interest rate cut from the previous 6.49%, effectively lowering the cost of a Model Y purchase by $8,000. However, the Lightning’s $7,500 federal tax credit is intact.

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F-150 Kia Tax Credit Mercedes 52

My Energi

NOVEMBER 16, 2022

And that’s not all, while the purchase price of EVs has continued to tumble, comparable finance rates are still far higher than their internal combustion engine (ICE) counterparts. From battery systems failing and range figures plummeting, to planned obsolescence after your three-year finance deal is up, we’ve all heard the rumours.

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Cheap Financing Price Buy 133

Green Car Congress

OCTOBER 12, 2014

A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.

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Baua Electric

MARCH 11, 2024

Photo: Primergy Solar Solar developer Primergy Solar has closed commitments for $588 million in debt financing for a 408-megawatt (MW) solar farm south of Dallas–Fort Worth, Texas. But it’s all going to Microsoft – the tech giant has signed a power purchase agreement with Primergy for 100% of Ash Creek Solar’s power.

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Texas Solar Fort Worth Dallas 52

Green Car Congress

JULY 9, 2012

China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. Experts urged greater efforts on China’s part to boost development of the new energy vehicle industry.

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Auto Industry Industrial Industry 2015 334

Green Car Congress

JANUARY 18, 2012

Very broadly, the report lays out an agenda to “Invest in Our Future” through education and innovation, “Build on Our Strengths” in the critical sectors of energy and manufacturing, and “Play to Win” by making overdue tax and regulatory reforms to stay competitive. Cuts in this area would be terribly shortsighted.

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Renewable Energy Fuel Coal 236

Green Car Congress

JANUARY 6, 2014

In a paper published in the journal Energy Policy , Erin Green of Green Energy Consulting; Steven Skerlos of the University of Michigan; and James Winebrake of the Rochester Institute of Technology argue that current US policies intended to promote the uptake of plug-in electric vehicles haven proven inefficient and ineffective.

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Plug-in Plug Tax Credit Tax 271

Green Car Congress

JUNE 23, 2017

According to the analysis, under current standards, buyers of model year 2025 vehicles would fully recoup the extra cost for technology in the vehicle in the third year of ownership under a cash-purchase scenario. greenhouse gas emission mitigation, energy security, and health benefits.

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Light MPG Vehicles Fuel Economy 170

Green Car Congress

AUGUST 10, 2011

are partnering to offer Focus Electric customers a rooftop solar system that will generate enough renewable energy during the day to offset the electricity used to charge the vehicle at night. The complete SunPower solar system is offered at a base price of less than $10,000, after federal tax credits. Ford and SunPower Corp.

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Solar Ford Tax Credit Charging 186

The Truth About Cars

SEPTEMBER 22, 2023

While the ChargePoint device is framed as being free, it does require the purchase of a new automobile through the automaker’s captive finance arm Hyundai Capital America. That makes the $33,550 (before any federal tax credits or state incentives) Kona Electric the most affordable way to take advantage of the deal.

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Hyundai Industrial Industry United Kingdom 104

Green Car Congress

SEPTEMBER 10, 2012

Reduce fees, taxes and upfront costs for electric vehicle owners and invest in battery research. Heightened public awareness, easy access to financing, reduced barriers to purchase, and a well-planned and maintained charging infrastructure will help the state become a leader in electric vehicle deployment by 2025.

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California Electric Vehicles Climate Change Vehicles 265

Green Car Congress

JUNE 25, 2013

In terms of investment in innovation for cleaner energy, the plan calls for: Investment in advanced fossil energy projects. The proposed solicitation will cover a broad range of advanced fossil energy projects. A Federal Quadrennial Energy Review. New energy efficiency standards.

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Obama Cleaner Fuel Economy Climate 249

Green Car Congress

JANUARY 28, 2020

This overall economic expansion generates billions in additional revenue per year from existing tax instruments. Currently, there are persistent uncertainties regarding the state’s authority to regulate vehicles and other energy use technologies. Fiscal authority to offer economic incentives is much more secure.

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California St. Louis Pollution Los Angeles 255

Green Car Congress

MAY 13, 2010

Chairman of the Homeland Security and Governmental Affairs Committee, released the details of their long-anticipated energy and climate change legislation on Wednesday, 12 May. The bill does not restrict who can hold an allowance, nor does it restrict the purchase, sale, or any other transactions involving allowances.

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Gas-Electric Gas Climate Energy 210

Green Car Congress

FEBRUARY 10, 2015

We know that Secretary of Energy Moniz recently admitted that the Obama administration’s ambitious and encouraging goal of one million EVs on American roads by 2015 is unattainable. Examples in this category include protecting and expanding existing tax credits in the Energy Independence and Security Act. This should be a U.S.

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America 2016 Charging Gas-Electric 150

My Energi

NOVEMBER 10, 2023

As a result, 60% of those aged over 55 were not interested in buying an EV full stop, while many other demographics would only consider purchasing if prices dropped considerably – a concerning picture indeed for the UK’s transition to electrification. 2] So, is the switch to EVs faltering? If anything, the opposite is true.

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Petrol Financing Diesel All-Electric 52

Green Car Congress

NOVEMBER 23, 2011

a gasification-based drop-in advanced biofuels company ( earlier post ), has agreed to purchase about 1,200 acres of land near Alexandria, Louisiana, for the planned construction and operation of its first production facility. Sundrop Fuels, Inc., Chesapeake invested $155 million in Sundrop Fuels last summer.

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