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Later this week President Joe Biden puts the final touches on a major win for his administration, signing the Inflation Reduction Act (IRA) into law. Among a number of initiatives in the $700 ...
The Infrastructure Investment and Jobs Act, signed into law in November 2021, allocates US$140 million to charging stations in Ohio. [4] Twenty-seven station locations near Interstate highways as part of the related National Electric Vehicle Infrastructure Program were identified on July 13, 2023, with sixteen more planned along other highways ...
In addition, under the Inflation Reduction Act, buyers of used cars could receive a $4,000 credit. However, the sale price of the vehicle can’t exceed $25,000, according to the text of the bill.
For the 5-year period of 2000–2004, inflation-adjusted production increased around 10%. [112] In addition, in this period, the US rubber and plastics industry only grew 6%. [112] Ohio exported around $1.3 billion worth of rubber and plastics shipments in 2006. [112] Rubber and plastics exports make up for 7.3% of total sales. [112]
[165] Environmental Entrepreneurs later found in August 2024 that $125.9 billion had been invested due to the Act, and 334 new projects and 109,278 jobs had been created. 62,875 jobs had been created in electric vehicles, 24,835 in batteries and storage, 29,242 in solar and wind, 3,568 in clean fuels, and 2,348 in transmission and distribution ...
(Bloomberg Opinion) -- In the world of cars, investors seem to love news of partnerships, synergies and cost-savings as expensive tech upends long-held rules of the road. They may need a reality ...
The private use of a company car is treated as taxable income in Germany and measured at a flat monthly rate of 1% of the vehicle's gross list price. So plug-in electric cars have been at a disadvantage since their price tag can be as much as double that of a car using a conventional internal combustion engine due to the high cost of the battery.
President Joe Biden signed the Inflation Reduction Act into law on Aug. 16, sweeping legislation which addresses climate, energy and healthcare issues. One of the provisions of the act is to ...