Credit Suisse says the Inflation Reduction Act will have such a tremendous impact on renewable energy that the US may see the levelized cost of electricity from renewable sources fall to less than 1 cent per kWh hour by 2025 after factoring in all tax and production credits. Now, before … [continued]
The Inflation Reduction Act is having an impact on vehicle manufacturing in the United States. It is barely 2 months old and already there are news reports galore of new battery factories being built in America, new lithium mining agreements, and new factories being built in the US. Economists call … [continued]
News reports out of South Korea indicate that Kia may move the start of production at its new factory in Georgia forward to 2024.
The recently passed Inflation Reduction Act is a bit of a high water mark in the fight to save humanity from the harmful effects of climate change. I just attended a panel discussion at RE+ (formerly Solar Power International/SPI) on preparing to implement the IRA from within the industry that … [continued]
New DOE Wind Energy Market Reports Highlight Advances in Domestic Development and Deployment, Now Generating Enough Energy to Power 40 Million Homes The U.S. Department of Energy (DOE) yesterday released three reports showing that wind power remains one of America’s fastest growing energy sources and a generator of high-quality jobs. … [continued]
Tax exemptions and free parking may drive more EVs in the Philippines after new electric car bill turns into a law. Just a month after the Electric Vehicle Industry Development Act (EVIDA) in the Philippines lapsed into law last April 15, several importers have ordered and a few have brought … [continued]
There has been a lot of debate over the revamped EV tax credits we’re going to see as part of the recently passed Inflation Reduction Act. While there were many other things in the bill, including a controversial expansion of the IRS, the cleantech world has been focused on how … [continued]
The latest reconciliation bill could mean big bucks for electric semi trucks.
Extending investment tax credits (ITC) and production tax credits (PTC) through 2050 for renewable electricity generation increases annual U.S. solar generation by 10%, according to our alternative policy analysis, Annual Energy Outlook 2022: Extended and Sunset Tax Credit Cases. Long-term availability of federal tax credits provides an incentive for more small-scale distributed generation in homes and … [continued]
Some experts argue that the current tax credit doesn’t begin to address the needs for transitioning to zero emissions, all-electric transportation.
