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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. At that time, this order process will close.

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Tesla’s Elon Musk responds to claims that he doesn’t pay income taxes

Teslarati

Tesla’s Elon Musk responded to claims that he doesn’t pay income taxes, along with several other wealthy CEOs, in a report from ProPublica earlier this week. ” However, Musk hasn’t accepted a salary from Tesla, and his stock isn’t taxable unless he sells it due to the Capital Gains Tax. .”

Tax 145
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Valeo acquires electric supercharger business from Controlled Power

Green Car Congress

CPT was advised on the transaction by Turquoise International (corporate finance) and Matthew Arnold Baldwin (legal & tax). It also validates our approach to technology development, which we apply to all our products. —CPT CEO Nick Pascoe“.

Power 326
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Rural EV charging incentivized in much of the US with Biden guidance

Green Car Reports

The Biden administration will use a broad legal interpretation to provide tax credits to EV charging projects in a large swath of the country. The Treasury Department on Friday released additional guidance providing more specific information on what projects will qualify for the revived 30C tax credit.

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Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

Green Car Congress

The proposal was drafted as two measures, the Climate Protection Act —which sets the carbon price and finance programs for sustainable technologies—and the Sustainable Energy Act —which ends federal support for fossil fuel companies and research and extends tax incentives for renewables. per year over a 10-year period.

Industry 259
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Opinion: Ukraine’s Next Crisis? Economic [and energy] Disaster

Green Car Congress

But the new reality has insiders wondering how Ukraine will produce more of its own natural gas, after the implementation earlier this month of an amended tax code that targets private gas producers with a tax so high that they will significantly reduce production through the end of the year and beyond that is anyone’s guess.

Ukraine 225
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Mexico Considering Tariffs Due To Proposed US EV Tax Credit

InsideEVs

Mexico's Economy Minister calls the potential tax credit discriminatory and is looking at various legal options.