U.S. Department of the Treasury Releases Guidance to Expand Clean Vehicle Recharging and Refueling Infrastructure and Lower Transportation Costs for Americans

Credit to Author: US Department of Energy| Date: Thu, 26 Sep 2024 16:19:56 +0000

The Alternative Fuel Vehicle Refueling Property Credit Will Lower Costs for Clean Vehicle Infrastructure and Transportation The U.S. Department of the Treasury and Internal Revenue Service (IRS) issued a Notice of Proposed Rulemaking (NPRM) and additional guidance on the Alternative Fuel Vehicle Refueling Property Credit as expanded by the Biden–Harris Administration’s … [continued]

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The Inflation Reduction Act: Saving American Households Money …

Credit to Author: Guest Contributor| Date: Fri, 09 Aug 2024 03:57:53 +0000

… While Reducing Climate Change and Air Pollution The Inflation Reduction Act, or IRA, extended and expanded tax credits that help households invest in residential clean energy such as solar panels, as well as home energy efficiency. New data from the Internal Revenue Service show that more than 3.4 million American families have already … [continued]

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Improved EV Credits Makes the Switch Even Easier for US Drivers

Credit to Author: Guest Contributor| Date: Sat, 13 Jul 2024 18:30:19 +0000

To avoid the worst impacts of climate change we need to switch from gasoline and diesel to electric vehicles powered by clean electricity as soon as possible. While driving an electric vehicle (EV) can save drivers on fuel and maintenance, the upfront cost of electric cars and trucks can be … [continued]

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U.S. Treasury, IRS Updates Procedures for Qualified Manufacturers, Dealers, & Sellers of Certain Qualified Clean Vehicles Under the Inflation Reduction Act

Credit to Author: US Department of Energy| Date: Thu, 20 Jun 2024 19:11:16 +0000

WASHINGTON, D.C. — The Department of the Treasury and Internal Revenue Service issued Revenue Procedure 2024–26 June 7 for the submission of information by qualified manufacturers of new clean vehicles and dealers and sellers of new clean vehicles and previously-owned clean vehicles. This guidance provides additional procedures for qualified manufacturers … [continued]

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U.S. Department of Treasury & Energy Announce Up To $6 Billion In Second Round Of Tax Credit Allocations For Projects Expanding Clean Energy Manufacturing

Credit to Author: US Department of Energy| Date: Wed, 01 May 2024 01:41:46 +0000

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]

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