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.
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 »
Judge temporarily blocks US administration from withholding NEVI funds for EV charging infrastructure
A federal judge on Tuesday temporarily blocked the US administration from withholding funds awarded to 14 states including California, New York, Illinois and Washington under the National Electric Vehicle Infrastructure (NEVI) Formula Program, part of President Joe Biden’s Inflation Reduction Act. US District Judge Tana Lin in Seattle ruled that the states were likely to… Read more »
Ford hopes to complete its Michigan LFP battery plant, even if Republicans nix tax break
Legacy automakers know that EVs are the future—but as public companies, the only future they can plan for is next quarter’s earnings report. As the current US administration slashes support for new technologies, automakers have been mostly silent, and some have quietly scaled back previously-announced electrification plans. So, it’s refreshing to hear that Ford still… Read more »
indiGO Tech raises $54 million in funding for light EVs
indiGO Tech, a new US-based electric and autonomous vehicle company, has closed a $54-million Series BB funding round, including investments from FedEx, Foxconn and FM Capital, to expand its electric and autonomous vehicle offerings. GO plans to offer multiple light smart EVs for commercial fleets and ride-hailing services, including its Dash and Flow models. The… Read more »
Ford gives all EV buyers a free charging station and installation—it seems to sell more cars
The “Ford Power Promise” focuses on drivers who can most easily charge at home—still the low-hanging fruit for EV sales. It’s working. Selling electric vehicles was always going to be a challenge, especially for established U.S. brands like Ford and Chevrolet. They require a lot of explanation by salespeople unfamiliar with EVs; not every shopper… Read more »