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The Manchin/Schumer ”Inflation Reduction Act“ keeps and extends the $7,500 tax credit on electric vehicles and removes the numerical cap but there are a number of stipulations related to obtaining the full credit, one of which is where the battery materials are made. To qualify for $3,750 of the credit, an increasing share of a vehicle’s battery […]
Over a dozen battery storage projects that were meant to support intermittent renewable energy supplies have been postponed, canceled or renegotiated due to labor and transport bottlenecks, soaring minerals prices, and competition from the electric vehicle industry. The delays, ranging from several months to a year, are in a number of states including California, Hawaii and […]
Automakers are raising prices on their electric vehicles due to rising commodity costs, specifically for key materials needed for EV batteries. According to the International Energy Agency, while battery costs have been declining for a decade, EV battery costs are expected to increase 14 percent this year to $150 per kilowatt hour. Another firm expects the […]
Tuesday, March 8, AEA president Tom Pyle provided testimony before a hearing by The Subcommittee on Energy of the Committee on Energy and Commerce titled: Charging Forward: Securing American Manufacturing and Our EV Future. Tom’s full written testimony is available here. A video of the hearing can be viewed below.
The White House unveiled a framework to provide $5 billion to states to expand their electric vehicle charging networks toward President Biden’s promise to build 500,000 charging stations by the end of the decade to help achieve his goal of having half of all new vehicle sales by 2030 be electric. The Department of Transportation (DOT) has […]
If you thought that the $1.2 trillion infrastructure bill passed by Congress last year would fix America’s roads and bridges, think again. Only $40 billion in the bill is allocated to roads and bridges with just $26.5 billion for fixing the nation’s bridges. The $40 billion is a pittance compared to the $156 billion for mass transit and rail that the […]
The House Committee on Agriculture hosted a hearing on Wednesday, January 12, on the needed infrastructure and possible impediments to electric vehicle adoption in rural America. At issue is what policies would incentivize rural electric vehicle penetration and at what cost, and, whether subsidizing electric vehicle use in rural America would make a significant difference […]
On December 8, President Biden directed federal agencies to cut the government’s carbon dioxide emissions by 65 percent by 2030 with the goal of reaching net-zero emissions by 2050. Biden is directing federal car shoppers to buy only zero-emission passenger vehicles and light trucks by the end of fiscal year 2027, with 100 percent compliance by all vehicles […]
On this episode of The Unregulated Podcast, Tom Pyle and Mike McKenna discuss this week’s headlines and the arrival of an unexpected ally in the fight against Biden’s Build Back Beter. Links Props to Bob Costas Hispanic Voters Now Evenly Split Between Parties, WSJ Poll Finds Biden Nominee Withdraws Name to Lead OCC Banking Watchdog […]
On November 19, the House of Representatives passed a $2 trillion budget bill with a long list of increases in federal royalties and fees, plus new fees, new taxes, and barriers to leasing in the Arctic National Wildlife Refuge, the Pacific, Atlantic, and eastern Gulf of Mexico. It passed on a party-line vote of 220-213 and was […]