The Buy American provisions of the Inflation Reduction Act and Bipartisan Infrastructure Law have proven controversial in some quarters, but they are integral and necessary components of both programs. EVs require raw materials, many of which are disproportionately extracted and processed in countries that we don’t want to rely on. Thus, any comprehensive program to… Read more »
Search Results Found For: "Inflation Reduction Act"
White House clarifies (sort of) EV tax credit eligibility rules for foreign companies
The Buy American provisions of the Inflation Reduction Act and Bipartisan Infrastructure Law have been the topic of much speculation and more than a little controversy. Now the Biden Administration has issued a set of rules for determining which foreign entities of concern (FEOC) are not eligible for EV-related tax credits and other subsidies. The… Read more »
Over $500 million investment in US EV charger plants announced since 2021
As regular Charged readers know, the US Inflation Reduction Act has spurred a tidal wave of investment in battery plants, as well as mines and processing facilities for critical battery minerals. EVSE manufacturers have also been joining the party (or “lining up at the trough,” as a fiscal conservative might put it). The DOE’s Vehicle… Read more »
Toyota to invest $8 billion to expand North Carolina EV battery plant
Is Toyota a sleeping giant, poised to exploit the wimpy waffling of GM and Ford, and become the EV powerhouse it should be? Or will the company continue paying lip service to e-mobility while clinging to 20th-century technology? Who knows? We won’t presume to read the green tea leaves, but we are happy to report… Read more »
Battery makers seem to be okay with an EV production slowdown
The news that GM, Ford and other automakers plan to slow down production of EVs in response to slower sales growth (EV sales grew by only 50 percent last quarter) was like an early Christmas for the various varieties of EV-haters. For most of us in the EV industry, it was more like a visit… Read more »
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 »