US Economy

TL/DR - North Carolina is emerging as a leader in America's clean energy movement, according to polling from the North Carolina League for Conservation Voters Foundation (NCLCVF) and a report by Climate Power. The Clean Energy Boom report noted that North Carolina has created over 4,768 clean energy jobs and contributed $9.78 billion to the…

TL/DR - Around 52% of EVs were leased in November 2021 as customers took advantage of a $7,500 tax credit from the Biden administration's clean energy subsidies. Leasing allows car shoppers to apply the full tax credit to an electric vehicle, regardless of whether the car meets benchmarks for parts produced in North America that apply if the…

TL/DR - U.S. Senators Alex Padilla and Catherine Cortez Masto led 13 other Senators to call on the Department of the Treasury and the Internal Revenue Service (IRS) to finalize guidelines for and maximize access to the 30C Alternative Fuel Vehicle Refueling Property Credit. Their recommendations would expand eligibility for this tax credit to…

TL/DR - The Inflation Reduction Act (IRA) provides rebates and tax credits to assist Americans in purchasing electric vehicles (EVs), solar energy systems, and electrical appliances. It includes a 30% tax credit for solar installation, battery storage installation, and electrical panel upgrades. Rewiring America, an electrification nonprofit,…