How The IRS Ignored The Inflation Reduction Act & Snubbed The Most Popular Electric SUVs From The Federal Tax Credit

Credit to Author: Michael Grinshpun| Date: Wed, 11 Jan 2023 04:27:33 +0000

The classification decisions made by the Treasury are not consistent with either the letter or intent of the Inflation Reduction Act, are unfair to full battery electric vehicles, and are confusing for consumers.

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The IRS Answers All Your EV Tax Credit Questions — Sort Of

Credit to Author: Steve Hanley| Date: Mon, 09 Jan 2023 02:18:28 +0000

RAM 1500 Revolution Electric Pickup TruckIn an effort to clear up confusion about the new federal tax credit for electric cars, the IRS has issued new guidelines for taxpayers.

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New Treasury EV Federal Tax Credit Rules May Benefit Foreign Automakers

Credit to Author: Steve Hanley| Date: Sat, 31 Dec 2022 08:20:08 +0000

The Treasury Department is writing rules for the federal EV tax credit that some think are not in line with the intent of the IRA.

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Renewable Power’s Growth Is Being Accelerated As Countries Seek To Strengthen Energy Security

Credit to Author: Tim Tyler| Date: Thu, 29 Dec 2022 17:05:44 +0000

CleanTechnica-Solar-Panel-Farm-1-scaled watermarkThe global energy crisis has given renewable energy a historic boost, with the world on track to add as much renewable energy in the next five years as it did in the previous twenty. According to a new report from the IEA, the global energy crisis is causing a sharp acceleration in the installation of […]

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Top 7 Building Decarbonization Wins In 2022

Credit to Author: RMI| Date: Thu, 22 Dec 2022 21:30:17 +0000

This past year was another defining year for building decarbonization action across every real estate sector, from weatherizing rural single-family homes to electrifying city skyscrapers to retrofitting affordable multifamily housing. So, as we look ahead to 2023 and the transformation of the buildings sector that needs to take place at the pace and scale required to heed our planet’s […]

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Federal Tax Credit Rules For Electric Cars Delayed Until March

Credit to Author: Steve Hanley| Date: Thu, 22 Dec 2022 16:45:54 +0000

The Inflation Reduction Act signed into law in August significantly altered the federal tax credit for electric cars. Previously, it was only available for the first 200,000 electric cars manufactured by any one automaker. Tesla exceeded that limit in January, 2020, General Motors exceeded the limit in April, 2020, and Toyota exceed it in October […]

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Ford Exploring LFP Battery Factory Agreement With CATL

Credit to Author: Steve Hanley| Date: Sat, 17 Dec 2022 19:00:06 +0000

Ford SK On factoryFord and CATL are close to an agreement to build a battery factory together in America, but whose name will be on the front door?

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