U.S. Treasury, IRS Updates Procedures for Qualified Manufacturers, Dealers, & Sellers of Certain Qualified Clean Vehicles Under the Inflation Reduction Act

Credit to Author: US Department of Energy| Date: Thu, 20 Jun 2024 19:11:16 +0000

WASHINGTON, D.C. — The Department of the Treasury and Internal Revenue Service issued Revenue Procedure 2024–26 June 7 for the submission of information by qualified manufacturers of new clean vehicles and dealers and sellers of new clean vehicles and previously-owned clean vehicles. This guidance provides additional procedures for qualified manufacturers … [continued]

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Tesla Model 3 Long Range Now Eligible for Full $7,500 Tax Credit — Low Cost of Ownership Now

Credit to Author: Zachary Shahan| Date: Wed, 19 Jun 2024 22:07:37 +0000

You can now buy the Tesla Model 3 Long Range in the United States and get the full $7500 federal tax credit. That is, of course, if you have that much tax liability. Consult a tax professional before counting on the full $7500 if you are not sure of your … [continued]

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Oh, Those (Too) Big EVs

Credit to Author: Carolyn Fortuna| Date: Mon, 17 Jun 2024 16:40:14 +0000

The International Energy Agency’s Global EV Outlook 2024 is full of interesting statistics and interpretations, as it is every year. Of particular interest are its conclusions on the benefits of and problems with big EVs. The report starts by giving an update on EV sales. Almost 14 million new EVs … [continued]

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Cement Is One Of Few Industries Where Carbon Capture May Be Competitive In Niches

Credit to Author: Michael Barnard| Date: Sun, 16 Jun 2024 18:49:50 +0000

As concrete month draws nearer to a close, it’s time to look at an option not previously explored, continuing to use limestone but bolting on carbon capture and paying for waste disposal in permanent sequestration sites. After fifteen years of assessing carbon capture technologies, pilots and proposals, this is one … [continued]

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$25 Billion Up For Grabs In Canada’s Progress-Light, Reality-Deficient Hydrogen Strategy

Credit to Author: Michael Barnard| Date: Mon, 13 May 2024 17:12:54 +0000

Over the past few years I’ve published assessments of the hydrogen strategies of multiple jurisdictions, including the United States, Australia, Japan, Morocco, Algeria, Egypt, the EU, and the Canadian province of Ontario, among others. News of the German chancellor coming, cap in hand, begging for liquid natural gas and hydrogen … [continued]

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Domestic US Automakers Still Need To Prepare For Chinese Competition

Credit to Author: Jennifer Sensiba| Date: Sun, 12 May 2024 05:14:14 +0000

News recently broke that the Biden administration plans to jack import taxes up on Chinese EVs, raising them from the current 25% to 100%. This would double the price of Chinese EVs, which would also not be eligible for federal point-of-sale tax credits. This move is obviously meant to protect … [continued]

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European Commission Sharpens Inquiry Into Chinese EV Subsidies

Credit to Author: Steve Hanley| Date: Mon, 06 May 2024 14:15:05 +0000

Last October, the European Commission opened an inquiry into whether Chinese automakers are the beneficiaries of such significant subsidies by the Chinese government that they have an unfair economic advantage over domestic manufacturers. The question is ridiculous, of course. Everyone on Earth knows the Chinese government has been providing massive … [continued]

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Want To Sell More Electric Vehicles? Let The Salespeople Drive Them — Literally

Credit to Author: Carolyn Fortuna| Date: Fri, 03 May 2024 12:53:10 +0000

Many automotive dealerships, which sell the majority of new vehicles, are not prepared for the electric transition. Auto salespeople as a general rule seem not to know much about electric vehicles (EVs), so their ability to generate EV sales is commensurately lower than their internal combustion engine (ICE)-powered vehicle sales. … [continued]

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More Than $26 Million to 37 State, Local, & Tribal Governments to Support Clean Energy Projects

Credit to Author: US Department of Energy| Date: Fri, 03 May 2024 03:59:19 +0000

President Biden’s Investing in America Agenda Helping Upgrade Public Infrastructure in Communities Across the Country to Deploy Even More Cleaner, Cheaper Power, Build Up Energy Resilience WASHINGTON, D.C. — In support of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) yesterday announced more than $26.9 million to nine … [continued]

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$362 Million Loan to CelLink to Support Domestic Manufacturing of Key Electric Vehicle Supply Chain Components

Credit to Author: US Department of Energy| Date: Wed, 24 Apr 2024 16:45:00 +0000

When Finalized, Loan Will Support New Manufacturing of EV Production Technology at Texas Plant—Creating More Than 1,300 Good-Paying Jobs and Supporting President Biden’s Efforts to Build a Clean Transportation Future WASHINGTON, D.C. — As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) through its Loan Programs … [continued]

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