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Inflation Reduction Act

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Thousands of auto dealers sign up to offer new on-the-spot tax credit

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New year, new rules: As of January 1, things are about to get a little easier when it comes to getting your federal tax credit for buying an electric vehicle. Now the rebate – which is up to $7,500 for new EVs that qualify and up to $4,000 for used EVs that qualify – is available immediately when you purchase your car, rather than needing to wait potentially months to file a claim with your tax return. And auto dealers are signing up in droves with the IRS.

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Biden wants all government employees to use EVs, take trains

President Biden


The Biden administration has issued a new directive to all government employees to travel by train or electric car, or electric Uber or Lyft, when traveling on official business. As the country’s largest employer, with an annual business travel purchasing budget of $2.8 billion, that could have a serious impact on carbon emissions.

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Here’s how much money you’ll get with the Inflation Reduction Act

US EV sale

The Inflation Reduction Act (IRA) is a “free electric bank account with your name on it.” It’s packed with rebates and tax credits that will help Americans purchase everything from EVs to solar and electrical appliances to heat pumps. Check out this easy-to-use IRA savings calculator from Rewiring America that tells you what you get – and when.

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US may cut automakers some slack on stricter rules for EV tax credits

President Biden


The Biden administration is expected to announce on Friday what will disqualify EVs from eligibility for the $7,500 subsidy. However, the government is reportedly discussing granting automakers a temporary reprieve from the proposed restrictions on EVs containing battery parts or materials coming from China. 

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Michigan-based EV battery startup ONE cuts staff by 25%

Our Next Energy (ONE)


Michigan-based EV battery startup ONE, Our Next Energy, has cut its workforce by 25% due to market pressures. One of the many players in the race to develop an LFP battery pack on North American soil, ONE is one of the most valuable privately held companies in the US and plans to build a $1.6 billion gigafactory in Michigan.

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