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Apr 19 2023
Analysis
Biden's 'Buy American' Electric Vehicle Tax Credits Go Into Effect
In accordance with President Joe Biden's pledge that half of all cars sold in the U.S. by 2030 would use clean energy, the Inflation Reduction Act (IRA) established tax credits of up to $7,500 for purchasing electric vehicles (E.V.s). But in keeping with another Biden pledge, to double down on the ethos of "Buy American" by incentivizing American manufacturing, the credits are specifically
Reason
Apr 18 2023
News
New Jersey halts electric vehicle rebates, demand too high
FILE - A motorist charges his electric vehicle at a Tesla Supercharger station in Detroit, Wednesday, Nov. 16, 2022. New Jersey residents looking to buy or lease an electric vehicle won’t be able to get a government rebate — at least temporarily — because the state program has been so popular that it's already running out of money, officials said, Tuesday, April 18, 2023. (AP Photo/Paul Sancya
Associated Press
Apr 11 2023
Analysis
Bitcoin mining has raised Texas electricity prices 5%
Industrial-scale bitcoin mining facilities in the US create as much carbon pollution as 3.5 million gas-powered cars, and Texas, which boasts the largest number of mining facilities in the country, will see the cost of electricity rise nearly 5% by mid-2023 due to cryptocurrency mining.
Those stunning figures come from analyses by tech nonprofit WattTime and energy consultancy Wood
Quartz
Apr 18 2023
News
New Jersey halts electric vehicle rebates, demand too high
TRENTON, N.J. (AP) — New Jersey residents looking to buy or lease an electric vehicle won’t be able to get a government rebate — at least temporarily — because the state program is so popular that it's already running out of money, officials said. The Charge Up New Jersey program has disbursed an estimated $35 million for the fiscal year ending this July, according to the state's Board of
San Antonio Local News
Apr 18 2023
News
New Jersey halts electric vehicle rebates, demand too high
TRENTON, N.J. (AP) — New Jersey residents looking to buy or lease an electric vehicle won’t be able to get a government rebate — at least temporarily — because the state program is so popular that it's already running out of money, officials said. The Charge Up New Jersey program has disbursed an estimated $35 million for the fiscal year ending this July, according to the state's Board of
San Antonio Express-News
Apr 18 2023
News
New Jersey halts electric vehicle rebates, demand too high
TRENTON, N.J. (AP) — New Jersey residents looking to buy or lease an electric vehicle won’t be able to get a government rebate — at least temporarily — because the state program is so popular that it's already running out of money, officials said. The Charge Up New Jersey program has disbursed an estimated $35 million for the fiscal year ending this July, according to the state's Board of
SFGATE
Apr 18 2023
News
New Jersey halts electric vehicle rebates, demand too high
TRENTON, N.J. — New Jersey residents looking to buy or lease an electric vehicle won’t be able to get a government rebate — at least temporarily — because the state program is so popular that it’s already running out of money, officials said. The Charge Up New Jersey program has disbursed an estimated $35 million for the fiscal year ending this July, according to the state’s Board of Public
Washington Post
Apr 12 2023
News
EPA proposes electric-vehicle plan to transform the industry - The Boston Globe
The government’s challenge to automakers is monumental: Last year, all-electric vehicles were just 5.8 percent of new cars sold in the United States. All-electric trucks were even more rare, making up fewer than 2 percent of new heavy trucks sold. The new rules would require nothing short of a revolution in the US auto industry, a moment in some ways as significant as the June morning in 1896
The Boston Globe
Apr 12 2023
News
EPA says electric vehicle sales will be fueled by tough pollution standards
President Joe Biden's administration was set Wednesday to propose tougher greenhouse gas emission standards for cars and trucks sold in the U.S. that it claims could potentially lead to electric vehicles accounting for as much as 67% of all new sales in less than a decade. If that comes to pass, it would signal a remarkable transition in the American automobile market, given that electric
Detroit Free Press