Bill

You’ll Almost Have to Buy an Electric Vehicle if Climate Bill Passes

The attractions of electric vehicles have been magnetic in 2022.Soaring gas prices, inflation not seen in four decades and a push for cleaner, environmentally friendly technology have all combined to make EVs more appealing than ever to consumers.Now, there is legislation headed toward the home stretch that will give EVs not only new legitimacy in …

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For Electric Vehicle Makers, Winners and Losers in Climate Bill

The climate and energy package approved by Congress on Friday aims to achieve two goals that are not always compatible: Make electric vehicles more affordable while freezing China out of the supply chain.Auto industry representatives have been griping that the proposed $7,500 tax credits for electric vehicle buyers come with so many strings attached that …

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Electric Cars Are Too Costly for Many, Even With Aid in Climate Bill

Policymakers in Washington are promoting electric vehicles as a solution to climate change. But an uncomfortable truth remains: Battery-powered cars are much too expensive for a vast majority of Americans.Congress has begun trying to address that problem. The climate and energy package passed on Sunday by the Senate, the Inflation Reduction Act, would give buyers …

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Automakers say U.S. Senate bill will jeopardize 2030 EV targets

FILE PHOTO – Volkswagen employees stand next to Volkswagen electric cars during a ceremony at German carmaker Volkswagen’s first battery cell production plant ‘SalzGiga’ in Salzgitter, Germany, July 7, 2022. REUTERS/Fabrizio BenschRegister now for FREE unlimited access to Reuters.comRegisterWASHINGTON, Aug 7 (Reuters) – A group representing General Motors (GM.N), Toyota Motor (7203.T), Volkswagen (VOWG_p.DE) and …

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Automakers say 70% of EV models don’t qualify for tax credit under Senate bill

Check out what’s clicking on FoxBusiness.com. Buyers of a majority of electric-vehicle models would not qualify for a $7,500 tax credit under a Democratic proposal in the U.S. Senate. That’s according to a group of major automakers.Automakers have been privately concerned about the proposal’s requirements for vehicles’ batteries and critical-mineral contents to be sourced from …

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U.S. automakers say 70% of EV models would not qualify for tax credit under Senate bill

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca CookRegister now for FREE unlimited access to Reuters.comRegisterWASHINGTON, Aug 5 (Reuters) – Most electric-vehicle models would be ineligible for a $7,500 tax credit for U.S. buyers under a Democratic proposal in the U.S. …

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Climate Bill ‘Transformative’ for Auto and Energy Industries

Making electric cars more affordable.For the auto industry, one of the most important provisions in the climate bill would eliminate a cap on how many cars from each manufacturer are eligible for a $7,500 tax credit that taxpayers get for buying electric vehicles. Currently, the credits are phased out after a manufacturer has sold 200,000 …

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Bill Ackman to wind up SPAC, return $4 billion to investors

Bill Ackman during a Bloomberg Television interview on 1 November 2017. Billionaire investor William Ackman, who had raised $4 billion in the biggest-ever special purpose acquisition company (SPAC), told investors he would be returning the sum after failing to find a suitable target company to take public through a merger.Christopher Goodney | Bloomberg | Getty …

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