Search Results Found For: "Inflation Reduction Act"

IRS opens registration for auto dealers to offer point-of-sale credits for EV buyers

The worst aspect of the old EV tax credit was that it could only be applied to a buyer’s income tax liability (not self-employment tax, state taxes, etc) and, unlike some other tax credits, could not be carried over to a future year. The practical effect of this was that the only people who could… Read more »

LG Chem to build LFP cathode plant in Morocco

South Korea-based chemical company LG Chem and China’s Huayou Group have partnered to build a lithium-iron-phosphate (LFP) cathode materials plant. LG Chem is working to vertically integrate its cathode supply chain. The LG Chem-Huayou Group partnership will develop four plants: an LFP cathode material facility; a lithium conversion plant, also in Morocco; a high-pressure acid… Read more »

Proposed Ohio bill would ban local EV mandates

Republicans in the Ohio House of Representatives have sent legislation to the floor that would bar the state Environmental Protection Agency or local governments from blocking the sale of gasoline-powered vehicles. House Bill 201 would prohibit any state agency, county or township from restricting the sale or use of a motor vehicle based on its… Read more »

LG Energy Solution will invest $3 billion in US plant to supply Toyota with EV batteries

Another sign that the sleeping Japanese giant is starting to stir: Toyota has signed a supply agreement with Korean battery-maker LG Energy Solution for lithium-ion batteries that Toyota will use in its US-built EVs starting in 2025. LGES will invest $3 billion in its Holland, Michigan battery facility for dedicated production lines to supply a… Read more »

Eos Energy launches energy storage project with zinc-based battery modules

Eos Energy, a provider of zinc-powered energy storage systems, has announced a $500-million planned expansion to build 8 GWh of clean energy storage production capacity by 2026. Project AMAZE (American Made Zinc Energy) aims to use the Eos Z3 energy storage system to meet the demand for long-term energy storage driven by the Inflation Reduction… Read more »

EV charging is changing, Part 4: Behind the scenes as seven automakers counter Tesla’s Superchargers

Part 1: How automakers’ disappointment in Electrify America drove them into Tesla’s arms Part 2: No, NACS is not today’s Tesla connector Part 3: Why Tesla’s NACS is unlikely to kill CCS EV charging is changing, but much remains to be settled A flurry of news over less than a year permanently altered the US landscape… Read more »

DoD to award $37.5 million to Graphite One for graphite mining and processing in Alaska

Using funds appropriated by the Inflation Reduction Act, the Office of the Assistant Secretary of Defense for Industrial Base Policy will award US mining company Graphite One $37.5 million to support development of a graphite supply chain solution based at the company’s Graphite Creek deposit on the Seward Peninsula about 37 miles north of Nome…. Read more »

Senator Schumer takes Revel’s millionth electric ride in NYC

New York-based Revel leverages the synergies between urban public charging and ridesharing. The company operates two public EV fast charging Superhubs, and plans to add at least 130 more plugs by the end of 2023. The company launched its electric rideshare service in 2021, and currently has a fleet of about 300 EVs, including Tesla… Read more »

Westwater Resources is building a facility in Alabama to process one of the largest graphite deposits in the US

Q&A with Jon Jacobs of Westwater Resources Everyone in the EV industry is talking about the IRA and the BIL, two sets of federal regulations that include strong incentives for automakers to establish domestic supply chains for EV raw materials and components. Not everyone is happy about the requirements, and there are a number of… Read more »

New NRDC report details ways to make the battery supply chain greener

The authors of the endless articles warning of the environmental costs of battery raw materials are invariably “big fans” of EVs, but they’re naturally concerned that they may not be “as green as they claim.” Oddly, these public-spirited citizen journalists never mention the far greater environmental impacts of fossil fuel extraction, nor do they seem… Read more »