Tag: Reduction
Inflation Reduction Act bears fruit
Automakers and suppliers have announced $11 billion in electric vehicle battery investments since the passage of the Inflation Reduction Act in August as they look to localize supply chains to meet sourcing requirements and tap new manufacturing credits. Our Next Energy, or ONE, said last week it will spend $1.6 billion on a new battery
How the Inflation Reduction Act affects EV tax credits
The IRS issued guidance clarifying the electric vehicle tax credit rules outlined by the Inflation Reduction Act, which was signed into law on Tuesday. Here are edited excerpts. EVs purchased before Aug. 16 » If you entered into a written binding contract to purchase a new qualifying electric vehicle before Aug. 16, but do not take
Electric Vehicles Or Hydrogen Fuel Cell Cars? The Inflation Reduction Act Will Fuel Both
WASHINGTON, DC – APRIL 22: Electric vehicles are displayed before a news conference with White House … [+] Climate Adviser Gina McCarthy and U.S. Secretary of Transportation Pete Buttigieg about the American Jobs Plan and to highlight electric vehicles at Union Station near Capitol Hill on April 22, 2021 in Washington, DC. The Biden administration