South Korean firms are rethinking their $54bn investment in US EV battery plants due to concerns over potential tax credit cuts by President-elect Trump.
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The U.S. Department of the Treasury and the Internal Revenue Service released Proposed Regulations on clean electricity production and investment tax credits, known as Tech-Neutral Credits, on May 29, 2024. These credits are key to the Biden Administration’s energy incentives in the Inflation Reduction Act of 2022 and will play an…
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The author, a retired healthcare professional and community activist, is excited about the Inflation Reduction Act and its potential to bring a clean energy future to North Dakota. The act provides tax breaks to new owners of electric vehicles (EVs) and funds a network of EV charging stations across the state. The author notes that the…