The Electric Vehicle Supply Chain ITC: A tax credit of10%of the cost of buildings used in the following supply chain segments: (i) electric vehicle assembly; (ii) electric vehicle battery production; and (iii) cathode active material production. The EV Supply Chain ITC would appl...
WASHINGTON – Canada would be willing to “align” its own electric-vehicle incentives with those south of the border if the United States were to ensure Canadian-built cars and trucks would be eligible for President Joe Biden’s proposed tax-credit scheme, says Prime Mi...
Canada isn’t happy about theBiden administration’splans to boost tax credits for electric vehicles built in the U.S. The U.S. government wants toincrease EV tax credits to $12,500for vehicles built in union factories with U.S.-produced batteries. After five years, the credit wo...
This tax credit is available for the manufacturing of renewable energy and energy storage equipment, and the recycling of critical minerals used in EV and energy storage batteries.Recapitalization of SREPsUnder the Budget 2023, Canada’s government pledged $30 billion in recapped investment to...
Though he didn’t mention EV tax credits specifically, Biden himself signalled strongly Friday that he hasn’t given up on the Build Back Better bill, which is likely to return to the fore at some point in the coming weeks or months. ...
The Charging Network will be launched in 2020 and will allow Ford EV drivers to charge seamlessly across all the major charging networks in the US and select regions in Canada. The network is the first of its kind rollout in the EV market and is to accelerate the adoption of electrified tr...
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EV Jobs to grow as Volkswagen awarded massive subsidies, despite checkered history! The announcement that the government of Canada has awarded Volkswagen a package of subsidies and tax... Public Servants Walk Off The Job, How will the National Strike Affect You?
years. The government has also encouraged financial institutions to reduce both down payments and interest rates on car loans, while also extending loan terms. Local governments have also committed to increasing construction of charging stations over the coming years in an effort to spur more EV ...