Automotive
The Treasury Department said Friday it is making more electric vehicles—including SUVs made by Tesla, Ford and General Motors—eligible for tax credits of up to $7,500 under new vehicle classification definitions.
Feb 3, 2023
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Energy & Green Tech
Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse ...
Dec 26, 2022
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Business
The Inflation Reduction Act established a tax credit to kickstart hydrogen production in the U.S. But without careful implementation, the credit could backfire by inadvertently increasing nationwide carbon pollution.
Dec 20, 2022
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Energy & Green Tech
People who want to buy an electric vehicle could get a bigger-than-expected tax credit come Jan. 1 because of a delay by the Treasury Department in drawing up rules for the tax breaks.
Dec 20, 2022
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Automotive
The U.S. and the European Union have set up a task force tasked with resolving a dispute over electric vehicle batteries that the EU says would discriminate against manufacturers in the 27-nation bloc and break World Trade ...
Oct 26, 2022
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A Michigan economic development board approved more than $400 million in state incentives Wednesday for two battery factories estimated to cost $4 billion and bring 4,500 jobs to the state.
Oct 5, 2022
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Automotive
Nissan will more aggressively push electric vehicles to take advantage of a new U.S. law that gives up to $7,500 in tax credits, the Japanese automaker said Friday.
Sep 2, 2022
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Business
A new U.S. tax credit aimed at encouraging Americans to buy electric vehicles may backfire and limit choices for consumers because of concerns it's weighed against European Union manufacturers, the EU trade chief said Thursday.
Sep 1, 2022
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Automotive
A new tax credit for U.S. buyers of qualifying electric vehicles made in North America has ignited the specter of a trade war as a domestic imperative of the Biden administration and Democrats collides with the complex realities ...
Aug 24, 2022
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Automotive
As part of the rollout of a huge new climate, tax and healthcare law, the U.S. government is moving forward with its plan to award new tax credits to electric vehicle purchasers.
Aug 17, 2022
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