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Michigan kicks in $120M from MSF to support Ford LFP gigafactory

Green Car Congress

million Strategic Site Readiness Program performance-based grant that will support land acquisition, site preparation, water and wastewater upgrades, professional fees, administration, and necessary public infrastructure improvements required for the Ford BlueOval Battery Park in Marshall. Earlier post.)

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Ford receives Federal backlash following Chinese battery agreement

Teslarati

Florida Senator Marco Rubio is calling for an investigation into Ford’s recent announcement of a new battery production facility built in conjunction with Chinese battery supplier CATL. billion facility will be one of the largest battery production facilities in the country.

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Lordstown Motors cuts 2021 production estimate for electric pickup to at best 50% of prior expectations

Green Car Congress

In its report of first quarter 2021 financial results and outlook, Lordstown Motors, a startup developing electric light duty trucks focused on the commercial fleet market ( earlier post ), said that the expected production of its Endurance full-size electric pickup in 2021 will be limited—at best 50% of prior expectations.

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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 redesigned federal EV tax credit and other EV-related measures

Charged EVs

The recent passage of the Inflation Reduction Act—a sweeping package of tax, health care and climate measures—was like the happy ending to one of those heartwarming “Save Christmas” stories. The revamped tax credit scheme is clearly a great improvement over its predecessor. Unpacking the Inflation Reduction Act.

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Lucid CEO Peter Rawlinson explains his compensation plan

Teslarati

Rawlinson’s comments came amidst criticisms that his compensation plan is notably large, even if Lucid is still yet to make a breakthrough in its vehicle production and sales. So I think there’s a huge misperception that this onetime grant was received as a salary and somehow we replicate it as my salary in the future.

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Why new EV incentives are the nail in the coffin for ICE manufacturers

Teslarati

The new EV tax credit breakdown could award as much as $12,500 for an EV purchase, but that’s not the best part. Over the past several days, more details regarding the EV tax credit have been detailed, especially as revisions to the bill were made just a few days ago to include trucks, SUVs, and vans. million reservations.