Internal Revenue Service (IRS)
Internal Revenue Service
Rules and guidance for the federal Clean Electricity Low-Income Communities Bonus Credit have been finalized and will be published shortly.
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The IRS has issued final clean hydrogen tax credit rules that balance the contentious and complicated matter well enough that industry and environmental advocates both can find something positive in the details.
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According to Kelley Blue Book, the slow-down in EV sales could be a sign that "EVs are almost mainstream cars in parts of the country. Segment growth typically slows as volume increases."
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The Treasury Department and the IRS released guidance on tax incentives from the Inflation Reduction Act to offset the cost of installing electric vehicle charging stations and other alternative refueling stations.
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Hydrogen producers seeking tax credits will need to use new clean energy time-matched to demand, the Biden administration proposed.
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As U.S. automakers pull back on plans to invest heavily in electric vehicles, claiming sales are not growing as fast as expected, the Treasury Department and Internal Revenue Service issued new guidelines on the federal tax credits for EVs that could further slow sales.
South Fork Wind
Governors of states that have procured all the offshore wind power contracted to date in U.S. waters are asking the federal government to help the struggling industry regain its momentum.
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Starting in 2024, consumers buying an electric vehicle that qualifies for a $7,500 tax credit under the Inflation Reduction Act.
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Treasury Department issues final guidance for lower-income community bonus on IRA tax credits for clean energy projects.
Wood Mackenzie/EIA
Recent reports from industry analyst Wood Mackenzie show new solar soaring but energy storage slumping.
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