Remove Engine Remove Financing Remove Grant Remove Tax
article thumbnail

Archer Aviation selects site in Georgia for eVTOL manufacturing facility

Green Car Congress

Archer intends to invest $118M over the next 10 years and will receive an incentive package totaling 33% of its capital investment commitment, which includes land conveyance, tax incentives and Georgia REBA grant. Archer will receive an incentive package, which includes land conveyance, tax incentives and Georgia REBA grant.

Georgia 199
article thumbnail

How to Save Big on a Tesla with Colorado’s New EV Tax Credit

EV Life

Many prospective EV buyers shy away when they compare the initial purchase price of many electric vehicles against traditional internal combustion engine vehicles. Understanding Colorado’s Electric Vehicle Tax Credit In May 2023, Colorado demonstrated its commitment to sustainable transportation by passing House Bill 23-1272.

article thumbnail

A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

Green Car Congress

Although the Company’s intent is to improve its operating efficiencies and to obtain additional financing, there is no assurance that the Company will be able to obtain such financing on favorable terms, if at all, or to successfully further reduce costs in such a way that would continue to allow the Company to operate its business.

Grant 299
article thumbnail

FREYR Battery to site US gigafactory in Georgia; initial investment $1.7B, growing to $2.6B through 2029

Green Car Congress

FREYR is planning to initiate detailed project engineering of Giga America in the coming months. In accordance with FREYR’s ambitions to accelerate development of Giga America in parallel with the ongoing construction of Giga Arctic in Mo i Rana, Norway, the company is intensifying and broadening its financing efforts.

Georgia 150
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

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). Is tax equity dead? by Bill Cooke. M barrels/day of oil within the next 10 years ”. Billion vs. $28.3 Billion in 2008).

Financing 150
article thumbnail

Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China.

Boston 199
article thumbnail

Rising UK sales reflects growing consumer confidence in EVs

My Energi

YOY in June alone, it’s clear that EV demand is quickly overtaking preference for internal combustion engines (ICE). While you may expect this investment to hit your finances hard, in reality EVs are far more affordable than you’d think. worth it for lower running costs, significant tax advantages and the added environmental benefits?

Sale 52