This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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 taxcredit of $7,500. In the US, the Fisker Ocean starts at $37,499 in the base Sport.
US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. More than half the subsidies for renewables—$16.8
The US Department of Energy (DOE) announced $150 million in clean energy taxcredits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. Funded at $2.3 Funded at $2.3 Lead organization. Description.
US Representatives Earl Pomeroy (D-ND) and John Shimkus (R-IL) have introduced a bill in Congress—the Renewable Fuels Reinvestment Act (RFRA)—that would extend the $0.45 Volumetric Ethanol Excise TaxCredit (VEETC), commonly called the blenders’ credit, and the secondary tariff on imported ethanol until 31 December 2015.
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 taxcredit, or VEETC, which is also known as the blenders’ credit.
A group of 35 biotechnology and biofuel companies and trade associations are urging the leaders of the House Ways and Means Committee to extend taxcredits for cellulosic biofuels for four years, to allow algae biofuels to qualify for those taxcredits, and to create an option for monetizing the taxcredits as tax refunds.
billion in Recovery Act Advanced Energy Manufacturing TaxCredits for clean energy manufacturing projects across the United States. These biocatalysts will aid the production of biofuels as a renewable energy source. President Obama announced the award of $2.3 GE claimed the largest of the battery-related awards, with a $25.5
We follow another round of twists and turns toward a renewed EV taxcredit. Will Mini build a rival to the Volkswagen electric Bus? And Panasonic is pushing toward mass-production of Tesla’s 4680 format. This and more, here at Green Car Reports.
The legislation would create a taxcredit starting at $1.50 In order to incentivize innovation and greater reductions in greenhouse gas emissions, the legislation provides an additional credit of $0.01/gallon As an example, SAF that reduces emissions by 70% would receive a credit of $1.70/gallon.
Credits for heat pumps, EVs and solar panels still go mostly to the wealthy. households have received $47 billion in federal income taxcredits … Continue Reading Clean Energy TaxCredit Concerns Over the last two decades, U.S.
ReVolt Technology, LLC, a company that is developing rechargeable zinc-air batteries ( earlier post ), has been approved to receive a package of loans and taxcredits from Oregon and Portland authorities totaling approximately $6.8 ReVolt says that the $6.8
Although an attempted expansion of the federal EV taxcredit has failed—multiple times, in recent years—in a renewed effort, automakers are asking Congress to please try again.
As part of the recent fiscal cliff deal passed by Congress, many green energy programs saw renewed focus and deadline extensions, allowing people to benefit from them for a little longer. Included in these programs is the Alternative Fuel Vehicle Refueling Property credit.
In an effort to decarbonize transportation and reduce aviation emissions, Congress is considering new legislation to establish a taxcredit to promote and develop robust domestic SAF production. We urge you to make the US Department of Energy (DOE) the lead agency in establishing a regularly updated LCA for any SAF credit.
US production capacity for renewable diesel could more than double from current levels by the end of 2025, based on several announcements for projects that are either under construction or could start development soon, according to the US Energy Information Administration (EIA). billion gallons per year (gal/y), at the end of 2022.
The introduction of a new 30% Critical Mineral Exploration TaxCredit for specified mineral exploration expenses incurred in Canada and renounced to flow-through share investors. Specific measures proposed in Budget 2022 to support critical mineral projects include: Up to $1.5
to be a bit loose in determining whether EVs comply with new EV taxcredit requirements. By mining rare-earth minerals, we are then able to obtain the rare-earth elements needed for renewable energy, mobile devices, and […]. Ford wants the U.S. Read on for what’s going on here.
From Plug In America: Last year, Plug In America, along with electric vehicle and EV infrastructure manufacturers from coast to coast, worked with members of the House and Senate to get a critical plug-in vehicle infrastructure taxcredit into the stimulus bill. And then you helped us get it passed!
Today we learn just how much torque the Tesla Model S P85D electric car produces, survey the ongoing fight over Georgia''s electric-car taxcredit, and consider what the renewal of the CrossVolt trademark means for Chevy''s future electric-car lineup. All this and more on Green Car Reports.
The International Council on Clean Transportation (ICCT) has released a report prepared by the consultancy Cerulogy that explores the potential market and environmental impacts of increased capacity for renewable diesel produced by hydrotreating oils and fats in the US. —from the report, “Animal, vegetable or mineral (oil)?”.
It also would repeal a number of current tax incentives, including those for plug-in electric vehicles and fuel cell vehicles. Of the 42 different energy incentives, 25 are temporary and expire every year or two, and the credits for clean electricity alone have been adjusted 14 times since 1978.
In its Annual Energy Outlook 2022 (AEO2022) Reference case, which reflects current laws and regulations, the US Energy Information Administration (EIA) projects that renewable diesel supply (domestic production and net imports) will exceed biodiesel supply in the near term. Source: U.S.
Operations are underway at the Dynamic Fuels plant, which is successfully converting non-food grade animal fats and greases into high quality renewable fuels. The facility’s renewable diesel fuel product meets all ASTM D975 specifications for diesel fuel. Dynamic Fuels is a 50:50 joint venture between Syntroleum and Tyson Foods.
Darling International and a subsidiary of Valero Energy Corporation are taking initial steps towards the formation of a joint venture to build a facility capable of producing more than 10,000 barrels/day or (135 million gallons per year) of renewable diesel on a site adjacent to Valero’s St. Valero Renewables. Earlier post.)
The US Departments of the Treasury and Energy announced the availability of an estimated $3 billion for the development of renewable energy projects around the country. Eligible types of renewable energy propertires inlcude: Large and small wind. Biomass (closed-loop and open-loop). Geothermal. Landfill gas. Qualified hydropower.
The proposed budget also reduces funding for the DOE Office of Energy Efficiency and Renewable Energy’s hydrogen technology program by nearly $70 million—more than 40%. rebates, investments in R&D, and competitive programs to encourage communities. that invest in electric vehicle infrastructure. billion.
The bill extends the Volumetric Ethanol Excise TaxCredit (VEETC) through 2011 at the current rate of $0.45/gallon gallon producer taxcredit for small ethanol producers producing no more 60 million gallon of ethanol a year. Biodiesel and renewable diesel. The bill also extends through 2011 the existing $0.54/gallon,
A new report shows that building new renewable power can be cheaper than running old coal plants. Automakers join forces to lobby for extending electric-car taxcredits. California regulatory documents show range estimates for the new Subaru Crosstrek Hybrid. And California preps for half a million electric cars.
This includes a taxcredit made possible by the Advanced Energy Product Manufacturers TaxCredit Act, which the state legislature voted to amend in recognition of new, breakthrough processes like Joule’s that merit qualification. Joule Unlimited, Inc., —Bill Sims, President and CEO of Joule.
However, where applicable, an equivalent carbon price will be applied through changes in fuel taxcredits or excise. Some of the collected tax money will fund investments in clean technologies such as solar, wind and geothermal—an estimated A$100-billion worth of investment in renewable over the next 40 years, Gillard said.
market, a key tax incentive will expire at.' Financial and other incentives are widely viewed as a good way to kickstart the adoption of new green vehicles, largely to compensate for their higher prices against conventional gasoline cars.
The Renewable Fuel Standard (RFS2) in the U.S. The authors used Amyris, Gevo, Green Plains Renewable Energy, KiOR, Lignol Energy Corp., The study identified four specific changes to the US tax code that could help accelerate the commercialization of second-generation biofuels. —Miller et al. Pacific Ethanol, Rentech Inc.,
Elements of the agreement include abatements, taxcredits, an economic development rate rider, and an agreement on direct sales. Abatements: Up to 100% abatement of Sales Tax until 30 June 2034. Up to 100% abatement of Real Property Tax until 30 June 2024. Up to 100% abatement of Modified Business Tax until 30 June 2024.
Taxcredits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. For example, an average plug-in hybrid vehicle with a battery capacity of 16 kWh would be eligible for the maximum taxcredit of $7,500. Source: CBO. Click to enlarge.
Incentives for biodiesel and renewable diesel are extended to 31 December 2013. Extension of production credit for Indian coal facilities placed in service before 2009 for an 8-year period rather than a 7-year period. Extension and modification of credits with respect to facilities producing energy from certain renewable resources.
The US House of Representatives has passed the “Tax Extenders” Bill (HR4213) by a vote of 241 - 181. Tax rules relating to sales required to implement federal and state restructuring policy for qualified electric utilities.
In 2012-13, several advanced biofuel plants will open around the world, including Shengquan in China, Beta Renewables in Italy, GraalBio in Brazil and Fiberight in the United States.
Imports of biomass-based diesel fuel (both biodiesel and renewable diesel) into the US fell 36% to 333 million gallons in 2014, following record levels of imports in 2013 according to the US Energy Information Administration (EIA). US renewable diesel imports reached 121 million gallons in 2013, down 42% from 2013.
On February 5, Mike Thompson , Chairman of the House Ways and Means Subcommittee on Select Revenue Measures announced the introduction of the Growing Renewable Energy and Efficiency Now (GREEN) Act (PDF). Rather than reforming the taxcredit, it’s time to admit it hasn’t worked and blow it up and move in a different direction.
Energy Security Trust Fund and taxcredits for advanced vehicles and biofuels. The President also renewed his call for Congress to end subsidies to oil and gas companies and to create an Energy Security Trust Fund to fund research and development for advanced vehicle technologies. Earlier post.) Earlier post.)
Monthly US biodiesel and renewable diesel imports. Total US imports of biomass-based diesel fuel—biodiesel and renewable diesel—reached 525 million gallons in 2013, compared to 61 million gallons in 2012, according to the US Energy Information Administration (EIA). Source: EIA. Click to enlarge. billion gallons to 1.28
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. Biobased Chemicals and Products: A New Driver of US Economic Development and Green Jobs”.
Hawaii is providing a $4,500 state taxcredit towards the purchase of an electric vehicle and a $500 state taxcredit towards the purchase and installation of a home charging station. The Nissan LEAF EV will be available in Hawaii beginning in January 2011. US Senator Daniel K.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content