WASHINGTON: The Biden administration’s $174 billion proposal to boost electric vehicles calls for $100 billion in new consumer rebates and $15 billion to build 500,000 new electric vehicle charging stations, according to a U.S. Transportation Department email sent to congressional staff and seen by Reuters. The EV rebates, part of a $2.3 trillion infrastructure and […]
Power minister R K Singh meets John Kerry, discusses energy transition and emission reduction
The delegation led by Singh pointed out that India was the only major economy whose energy transition was consonant with a sub two-degree rise in temperature. New Delhi: Minister of State for Power and New and Renewable Energy, RK Singh on Wednesday met US Special Presidential Envoy for Climate, John Kerry, wherein he discussed India’s […]
Biden tax plan replaces U.S. fossil fuel subsidies with clean energy incentives
Linked to the $2.3 trillion infrastructure package, it is part of wider plan that includes boosting the corporate income tax rate from 21% to 28%. WASHINGTON: U.S. Treasury Secretary Janet Yellen on Wednesday released details of a tax hike proposal that would replace subsidies for fossil fuel companies with incentives for production of clean energy […]
Biden’s plan for 500,000 EV charging stations faces tough road ahead
Biden proposes spending $174 billion to promote electric vehicles and install 500,000 charging stations across the U.S. Plans for a national electric-vehicle charging network were mostly repeated details from the Biden administration Wednesday, but the announcement still sent already elevated charging-company stocks higher. The headlines also left Americans wondering how soon a complex network to […]
Biden proposal: $174 bn for EVs, new funds for renewable power
US President Joe Biden’s vast infrastructure plan includes $174 billion to boost the markets for electric vehicles and billions more for renewable power – both provisions aimed at weaning the U.S. off of fossil fuels and combating climate change, Reuters reported. The $2 trillion plan, which also seeks to invest in traditional projects like roads […]
Biden proposal: $174 billion for EVs, new funds for renewable power
President Joe Biden’s vast infrastructure plan includes $174 billion to boost the markets for electric vehicles and billions more for renewable power – both provisions aimed at weaning the U.S. off of fossil fuels and combating climate change. The $2 trillion plan, which also seeks to invest in traditional projects like roads and bridges, is […]
Biden wants to build a national EV charging system under $2 trillion infrastructure plan, but it won’t be easy
Charging stations for electric vehicles will be part of a $2 trillion infrastructure bill being pushed by the Biden administration. It’s going to take more than government support to successfully expand EV infrastructure. AlixPartners estimates $300 billion will be needed to build out a global charging network to accommodate the expected growth of EVs by […]
Bipartisan Legislation Would Strengthen Federal Incentives for Carbon Capture Removal and Storage – Essential for Addressing Climate Change
Today, the Senate introduced the Carbon Capture, Utilization, and Storage Tax Credit Amendments Act. This legislation would enable carbon capture, utilization, and storage (CCUS) and direct air capture (DAC) projects to access necessary federal incentives for reducing CO2 emissions. The bill would enhance the 45Q tax credit for CCUS and DAC by extending the commence […]
Plan to Cut Solar Costs by 60% Unveiled by U.S. Energy Agency
The Biden administration announced Thursday an effort to slash the cost of solar energy by 60% within the next decade, a feat officials said was essential to achieving the president’s goal of 100% clean energy by 2035. The solar goal, being implemented by the Energy Department, calls for reducing utility-scale solar energy’s current cost of […]
President Biden hopes to build 500,000 new electric car chargers by 2030.
President Joe Biden wants the US to build 500,000 electric vehicle charging stations over the next decade. The US could have 35 million EVs by 2030, requiring millions of plugs where the country only has 100,000. More plugs would do wonders for an industry transition to EVs, but enticing companies to build them isn’t always […]