Yesterday, as part of the Biden-Harris Administration’s economic agenda, the Department of the Treasury and the Internal Revenue Service, in partnership with DOE, announced up to $6 billion in a second round of tax credit allocations for projects that expand clean energy manufacturing and recycling and critical materials refining, processing and recycling, … [continued]
Honda has struck a deal with the governments of Canada and Ontario that will lead to building a battery factory for electric cars.
I recently reported on Tesla’s impressive quarterly sales trends and yet another record sales quarter. Tesla only reports combined global sales of the Model 3 and Model Y combined and of its other models combined, but we have estimated and split out individual models sales from the beginning. That said, … [continued]
With the new year rung in, some big changes are happening in the industry. Not only are tax credits dwindling to just a few models, but one of the few models to keep the full tax credit (the Chevy Bolt) is now out of production. So, if you’re looking for … [continued]
We all knew it was coming: the end of the line for the Bolt EV and EUV. To make space for Ultium vehicles, GM decided to cut production of the vehicle at the Orion plant as of December 20th. But, this isn’t the season finale. The vehicle is going on … [continued]
The federal electric car tax credit rules will change on January 1, 2024, leaving some prospective buyers out in the cold.
Earlier this month, Ford announced to dealers that the Mustang Mach-E would be losing access to the tax credits it currently qualifies for. This takes the vehicle’s credit from $3750 to zero. In this article, I’ll take a look at the situation and how Ford can deal with it. This … [continued]
The Inflation Reduction Act has been an enormous stimulus for the electric vehicle sector in the US. It is underrated and under-acknowledged for how it has brought manufacturing and mining jobs to the United States, not to mention retained many. People may think that EV sales and production in the … [continued]
There has been a lot of chatter online recently about how the EV revolution is coming to a premature conclusion. In September, Volkswagen cut production of its electric cars after the German government phased out EV subsidies for business cars, which led to a decrease in demand. But Reinhard Fischer, … [continued]
The Department of Energy (DOE) is playing a crucial role in accelerating the commercialization of clean energy technologies. With the support of the Infrastructure Investment and Jobs Act (IIJA) and Inflation Reduction Act (IRA), the DOE is set to invest billions of dollars in large-scale demonstrations and deployment of these … [continued]
