Inflation Reduction Act

Michigan-based Our Next Energy (ONE) is going to open a long-duration battery storage factory in West Virginia, next to a 420 MWh solar microgrid.

Volkswagen Group is reportedly pausing previously laid out plans for battery plants across Europe as it awaits the EU’s response to the Inflation Reduction Act in the US, which could offer the Group up to $10.5 billion in incentives. For now, Volkswagen will continue it progress in choosing a location of a US battery plant while it awaits what sort of conditions and/or incentives will come into play in what is being called the “EU Green Deal.”

The US Department of Energy (DOE) is going to finance a huge recycling hub that will support the battery needs of around 203,000 EVs a year.

China’s CATL, the world’s largest EV battery maker, is reportedly offering significantly lower battery costs to some Chinese EV makers, according to CnEVPost today.

The Biden administration today announced that the US government is going to set standards for federally funded EV chargers – a US first. In other words, if an EV charger is installed using federal dollars, then it has to actually work, and to a high standard.

The Inflation Reduction Act will drive electrification of transportation forward but won’t be enough to meet the United States’ climate goals under the Paris Agreement, according to a new report from the International Council on Clean Transportation.

The big climate, energy efficiency, and EV bill – the Inflation Reduction Act (IRA) – became law in August. It’s packed with loads of rebates and tax credits that will help Americans purchase everything from electric vehicles to high-efficiency electrical appliances to heat pumps. If you’re ready to electrify but you’re not sure which rebates and tax credits you qualify for, then check out this easy-to-use IRA savings calculator from Rewiring America.

The US Treasury has released new guidelines on the electric vehicle tax credit in the Inflation Reduction Act, which seem to suggest that leased vehicles can qualify for the EV tax credit even if they were assembled outside of North America, Reuters reports.

The Chevy Bolt is already a great enough deal to get our Electrek Vehicle of the Year award, but after the US Treasury delayed its guidance on battery sourcing requirements, that deal might be even better – but only for the next couple of months.

Update: Treasury finally released its battery guidance, which means the Bolt will likely lose half of the EV tax credit on April 18, the day after the proposed rule goes into effect. If you can manage to find one and “put it into service” before that date, you can still qualify for the full $7,500 tax credit.

The Inflation Reduction Act, the major climate bill, was signed August 16, changing the availability of electric vehicle tax credits. The law is still in the process of being implemented, so tax credit qualifications continue to change as the IRS offers further guidance. This post intends to break down the current eligibility requirements for the EV tax credit as they continue to be updated.

Chicago-headquartered NanoGraf Technologies, which claims it has enabled the world’s most energy dense 18650 lithium-ion cell, today announced that it will open the first large-volume silicon oxide factory in the United States. At peak production, NanoGraf will produce 35 tons per year.

Here’s what Ford CEO Jim Farley said during the company’s Q3 2022 earnings call about whether the company’s electric vehicles would qualify for the Inflation Reduction Act’s (IRA) full $7,500 tax credit.

Chicago-headquartered NanoGraf Technologies, which claims it has enabled the highest energy-density cylindrical 18650 Lithium-ion cell in the world, today announced that its battery has achieved a new industry energy-density milestone of 810 Wh/L (4.0Ah capacity).

What’s good for America isn’t necessarily good for your friends across the pond – at least that is the central message to an urgent call to action from the EU this week against what it sees as “discriminatory” tax credits and incentives against European and Asian carmakers in the groundbreaking new Inflation Reduction Act.