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Grassley-Conrad bill would extend ethanol tax credits through 2016

Green Car Congress

US Senators Chuck Grassley (R-Iowa) and Kent Conrad (D-North Dakota) introduced a bill—the Domestic Energy Promotion Act of 2011— that would extend, through 2016, at descending levels, the volumetric ethanol excise tax credit, or VEETC, which is also known as the blenders’ credit.

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Novozymes inaugurates $200M biofuels enzyme plant in US

Green Car Congress

Novozymes inaugurated its $200-million enzyme plant in Blair, Nebraska ( earlier post ), which will supply enzymes to some of the first advanced cellulosic biorefineries, as well as to the existing industry.

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U.S. EV buyers will get the $7,500 tax credit with a few catches

Teslarati

The United States Electric Vehicle Tax Credit is one of the most notable advantages of purchasing a battery-electric car. As Senator Deb Fischer of Nebraska said, “Everyday Americans are living paycheck to paycheck because of the sharp rise in costs due to #Bideninflation. President Biden (@POTUS) August 5, 2021.

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Republicans call to add $1,000 tax on new EVs, end tax credit

Baua Electric

On Wednesday, Senator John Barrasso, of Wyoming, with a group of 14 Republican Senators signed on as co-sponsors of the bill, introduced legislation that could effectively end the EV tax credit. The oil industry appears eager to see the tax credit end. For that, it would take an act of Congress.