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EIA: US renewable diesel capacity could more than double through 2025

Green Car Congress

EIA said that two factors behind growing US renewable diesel capacity are rising targets for state and federal renewable fuel programs and biomass-based diesel tax credits. The “Inflation Reduction Act” extended the biomass-based diesel tax credits through 2024.

Renewable 195
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US Geothermal Power Could Top 10 Gigawatts, New Industry Report Says

Green Car Congress

The number of states with geothermal projects under development also increased, from 12 to 14 over the past six months, with the addition of two oil-field co-production projects in Louisiana and Mississippi. State # of projects Potential MW. California. Mississippi. New Mexico. Washington. unspecified. and 7,109.9 million people.

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America’s lithium laws fail to keep pace with rapid development – ET Auto

Baua Electric

Nevada, which has the only commercial U.S. lithium operation – a small mine operated by Albemarle – has taxed minerals for more than 100 years, but at a rate based on each facility’s revenue. The Louisiana Department of Energy and Natural Resources told Reuters it does not have existing statutes related to lithium.

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Trump plans to gut EV policy: What it might mean for jobs, auto industry, made in America

Baua Electric

GM CEO Mary Barra – Photo by Steve Fecht for General Motors In late 2019 Trump effectively nixed an extension of the tax credit for Tesla and GM, which had already reached their 200,000-vehicle caps under the former framework. The oil industry was reportedly not as excited about this as the campaign had anticipated. businesses.