Tag Archives: tax credit

New rules for consumers buying electric vehicles mean fewer models qualify for tax credits

DETROIT (AP) — U.S. consumers looking to get tax credits when buying electric vehicles have fewer models to choose from under new rules that limit countries from which automakers can buy battery parts and minerals; This is a potential blow to efforts to reduce the planet’s warming emissions from automobiles. The Inflation Reduction Act, signed… Read More »

Getting a Lucrative Tax Credit for Producing Clean Fuels Won’t Be So Easy

WASHINGTON — The Biden administration on Friday released its long-awaited plan to provide lucrative tax breaks to companies that produce hydrogen, a clean-burning fuel, and proposed new rules to ensure the policy doesn’t inadvertently lead to a planetary surge. warming emissions. Hydrogen is seen as a promising tool in combating climate change, as long as… Read More »