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 »
Search Results Found For: "ev tax credit"
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 »
Joby Aviation electric air taxi begins final phase of FAA certification program
Joby Aviation, a maker of electric vertical takeoff and landing (eVTOL) aircraft, has announced that its new electric air taxi has entered Type Inspection Authorization, the final phase of Federal Aviation Administration certification, and has completed the first phase of the FAA testing program to receive TIA. The first tests took place in the cockpit… Read more »
TIME names InductEV’s wireless EV charging solution a 2024 Best Invention
InductEV, a pioneer in inductive wireless vehicle charging, has announced that its technology has been named as a TIME Best Invention for 2024. TIME’s editors selected the Pennsylvania-based company’s technology for its annual list of 200 groundbreaking inventions, based on a number of factors, including originality, efficacy, ambition and impact. It’s common for consumer publications… Read more »
Could a new administration claw back EV and renewable energy investments?
The Republican presidential candidate has said some pretty rude things about EVs over the years. In particular, he has called President Biden’s Inflation Reduction Act (IRA), which despite its name is mainly a package of incentives for EV adoption and domestic production of EV components and raw materials, a “green new scam,” and has promised… Read more »
DOE offers conditional loan to ENTEK for EV battery separator plant in Indiana
The US Department of Energy’s Loan Programs Office (LPO) has made a conditional commitment to provide a direct loan of up to $1.2 billion to ENTEK Lithium Separators to finance a new facility in Terre Haute, Indiana. The lithium-ion battery separators manufactured at the plant will be used primarily in EVs to strengthen the US supply… Read more »
6K’s cathode active material for EV batteries to meet IRA requirements
US battery materials producer 6K has confirmed that its cathode active material (CAM) will meet US government mandates for compliance with the Inflation Reduction Act (IRA) for both lithium iron phosphate (LFP) and nickel manganese cobalt (NMC) materials for EV batteries. The company’s 6K Energy subsidiary is delivering large quantities of critical materials from its… Read more »
NOVONIX to receive $103 million in tax credits to support production of critical battery materials in Tennessee.
Battery materials and technology company NOVONIX has been selected to receive a $103-million tax credit under section 48C of the Qualifying Advanced Energy Project Allocation Program, to support production of critical battery materials at its Riverside facility in Chattanooga, Tennessee. The 48C tax credit is designed to incentivize clean energy property manufacturing, industrial decarbonization, and… Read more »