Remove Grant Remove Tax Credit Remove United States
article thumbnail

How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

The United States federal government has made it even easier to buy a new or used electric vehicle (EV). The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. The value of the tax credit allowed and any other purchase incentives.

article thumbnail

ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

Green Car Congress

The United States and the European Union have some of the world’s most aggressive policies for alternative fuel promotion, including volumetric mandates, lifecycle fuel-carbon-intensity requirements, and fuel-taxation schemes. Harmonizing definitions of eligible pathways between this tax credit and the RFS2.

Tax 262
article thumbnail

BIO Calls for Policies to Nurture BioBased Chemicals and Plastics Industry in US

Green Car Congress

Biobased chemicals and plastics represent a historic opportunity to reverse these trends through the creation of a new generation of renewable, sustainable products developed and produced in the United States. A recent USDA analysis puts the potential market share in excess of 20% by 2025 with adequate federal policy support.

Industry 239
article thumbnail

US and China Presidents Announce US-China Electric Vehicles Initiative, Six Other Measures to Strengthen Cooperation Between the Countries on Energy Issues

Green Car Congress

The United States and China will develop and disseminate materials to improve public understanding of electric vehicle technologies. Building on the success of the first-even US-China Electric Vehicles Forum in September 2009, the United States and China will sponsor the event annually, alternating between the two countries.

China 281
article thumbnail

US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Green Car Congress

The Obama Administration is proposing a three-part strategy that supports electric vehicle manufacturing and adoption through improvements to tax credits in current law, investments in research and development (R&D), and a new competitive program to encourage communities to invest in electric vehicle infrastructure. Earlier post.).

2015 210
article thumbnail

Delphi Using $89.3M DOE Award to Support Expansion of Power Electronics Engineering and New Manufacturing Facility; First Products for Allison

Green Car Congress

Allison, headquartered in Indianapolis, announced earlier this month that it had entered into a long-term business agreement with Delphi to advance the production of medium-duty hybrid trucks in the United States. million to advance the development of low-cost manufacturing of electric drive vehicles (EDV) in the United States.

article thumbnail

Electric Motors Corporation (EMC) Receives First Indiana Incentives to Launch Electric Automotive Technology

Green Car Congress

The State of Indiana is offering $4.6 million in tax credits and up to $200,000 in training grants to Electric Motors Corporation (EMC), based on the company’s plans to establish an electric vehicle industrial development park the state.

Indiana 150