Senator Sherrod Brown (D-Ohio) has authored a bill called the Security in Energy and Manufacturing Act, which would renew the Advanced Energy Manufacturing Tax Credit.
Search Results Found For: "ev tax credit"
Tax credits for chargers are finished, and credits for EV purchases may be next
In a masterpiece of bad timing, a federal tax break for EV chargers, which allowed filers to take a tax credit for 30% of the cost of a home charger, will expire at the end of this year.
E-mobility companies in Nigeria and Kenya are assembling electric vans and taxis from Chinese EV kits
E-mobility companies in Africa are beginning to assemble electric vans and taxis locally, using Chinese-made kits, the Associated Press reports. Kenya and Nigeria, two of Africa’s largest economies, are leading the push for local EV assembly. Lagos-based SAGLEV has begun assembling 18-seater electric passenger vans using imported kits supplied by Chinese automaker Dongfeng. The company… Read more »
California’s proposed $200-million EV incentive program would require matching funds from automakers
Since the current US administration eliminated federal EV tax credits, several states have implemented their own pro-EV measures, or beefed up existing programs. In California, the administration of Governor Gavin Newsom has proposed to create a new version of the state’s Clean Vehicle Rebate Program, which ended in 2023 and spent $1.49 billion to subsidize… Read more »
GreenPower Motor chooses New Mexico foreign-trade zone for new EV manufacturing facility
EV manufacturer GreenPower Motor has reached an agreement with the New Mexico Economic Development Department (EDD) to establish operations in Santa Teresa. The new 135,000-square-foot facility in Santa Teresa will become the company’s base for North American operations and US corporate headquarters. GreenPower anticipates setting up operations at the facility in Q1 of 2026, and… Read more »
California sets new quarterly EV sales record, doubles down on support for public charging
As predicted, US EV sales mushroomed prior to the expiration of the federal tax credits. Will sales now crater sans credits? That remains to be seen, but for now, California’s EV market share has surged to a European-style level, and the state continues to take measures to keep the EV transition going. In the third… Read more »
GM to import EV batteries from China’s CATL
GM plans to import EV batteries from Chinese battery giant CATL. The arrangement is a temporary one, meant to tide GM over for a couple of years until it establishes its own domestic supply of lower-cost batteries made with lithium iron phosphate (LFP) chemistry, “a source familiar with the matter” told Reuters. “For several years,… Read more »
Tax breaks for US battery plants preserved for now, Ford to proceed with Michigan LFP plant
The US administration’s BBB (which stands for Big Bill, and something else beginning with B) will be a disaster for American industry—it slashes support for clean energy technologies, ceding further ground to competitors in China and elsewhere. However, analysts who’ve combed through the fine print report that certain tax breaks for US battery plants survived… Read more »
U Power plans to install 55 battery-swapping stations for Hong Kong taxis
Chinese EV battery swapping stations provider U Power has installed the first of 55 smart battery swapping stations it has planned for Hong Kong. The company aims to create a battery-swap ecosystem that can support the transition of Hong Kong’s fleet of 18,000 taxis to EVs. It will be able to support a range of… Read more »
Electrify your fleet with nothing down with Revolv’s fleet-as-a-service model
Revolv’s fleet-as-a-service model allows companies to pursue electrification without risking any capital. Fleet owners know they need to electrify, but the up-front costs—for vehicles, charging hardware and more—are daunting. And it’s not just a question of finding the capital—investing such large sums in a developing technology that’s outside of a company’s core competency carries substantial… Read more »