GM wants U.S. Treasury to reconsider tax credits for Cadillac Lyriq EV
The Treasury and Internal Revenue Service did not classify the Lyriq as an SUV, meaning its retail price cannot be above $55,000 to qualify for up to $7,500 in federal tax credits......»»
UK Treasury considers plan for digital pound
The economic secretary to the Treasury says the UK is committed to becoming a world crypto hub......»»
Cryptocurrency: UK Treasury considers plan for digital pound
The economic secretary to the Treasury says the UK is committed to becoming a world crypto hub......»»
GM wants U.S. Treasury to reconsider tax credits for Cadillac Lyriq EV
The Treasury and Internal Revenue Service did not classify the Lyriq as an SUV, meaning its retail price cannot be above $55,000 to qualify for up to $7,500 in federal tax credits......»»
Energy Dept. working with Treasury on EV tax credit guidance, says Granholm
U.S. Energy Secretary Jennifer Granholm said she thinks there is a sense of understanding from industry and consumer groups "about what the credits will entail and what will be eligible.".....»»
Tesla fights for EV credits after key model left off SUV list
The most popular EV in the U.S., the five-seat version of the Model Y crossover, was left off an early list of vehicles eligible for the new federal tax credit. CEO Elon Musk is asking Tesla fans to write the IRS......»»
Cadillac wants to enter Formula 1 with Andretti Global [Updated]
But the new team's bid needs to gain approval from the FIA and 10 existing teams. Enlarge (credit: Cadillac) Update, 1:15 pm ET: Although I said I'd be surprised if Cadillac rebadged someone else's engine instead of buil.....»»
Research could simplify process for calculating soil carbon credits
A study led by researchers at the Agroecosystem Sustainability Center (ASC) at the University of Illinois Urbana-Champaign provides new insights for quantifying cropland carbon budgets and soil carbon credits, two important metrics for mitigating cli.....»»
GM to partner with Andretti Global on Formula One bid
If successful, GM's Cadillac brand will compete with an Andretti racing team based in the U.S......»»
US to extend tax credits to consumer-leased EVs
The US Treasury Department has potentially opened the door to helping foreign-made EVs qualify for government subsidies. The agency said on December 29 that EVs leased by consumers will be eligible for the revised commercial clean vehicle tax credits.....»»
Tesla dangles $7,500 discount in rare move to boost deliveries
The discount Tesla is dangling on new Model 3 sedans and Model Y crossovers is double what the company was offering earlier this month, and likely has to do with changes to U.S. tax credits that take effect in 2023......»»
US Treasury to announce IRA battery materials guidance in March 2023
The US' Inflation Reduction Act (IRA) will play a fundamental role in scaling up the country's EV market. The US Treasury Department said on December 19 that it will delay the issuance of battery materials and components requirements regulated by IRA.....»»
U.S. Treasury delays EV tax credit guidance until March
Treasury had been required to issue proposed guidance by Dec. 31. The delay impacts some of the rules for EV incentives between Jan. 1 and the time the guidance will be issued next year......»»
Viewpoint: With historic droughts on the rise, we must reclaim our water
The climate crisis challenges our water supply in many ways, from deadly hurricanes to widespread and severe droughts. To combat water scarcity, neighborhoods and communities must reconsider the design of their wastewater systems......»»
GM recalls more than 825,000 vehicles in U.S. and Canada for daytime running lights that may stay on
Vehicles affected by the recall are the 2021-23 Buick Envision, 2020-23 Cadillac CT4 and CT5, Cadillac Escalade and Escalade ESV, Chevrolet Silverado 1500, Suburban, Tahoe, GMC Sierra 1500, Yukon and Yukon XL vehicles from the 2022-23 model years......»»
GM recalls more than 740,000 vehicles in U.S. for daytime running lights that may stay on
Vehicles affected by the recall are the 2021-23 Buick Envision, 2020-23 Cadillac CT4 and CT5, as well as Cadillac Escalade, and Escalade ESV, Chevrolet Silverado 1500, Suburban and Tahoe, GMC Sierra 1500, Yukon and Yukon XL vehicles from the 2022-23.....»»
EV tax-credit rules pit Joe Manchin against Hyundai
Senator Joe Manchin is pressing Treasury Secretary Janet Yellen to stand firm on North American-based manufacturing requirements for lucrative electric-vehicle tax credits under the Inflation Reduction Act, setting up a battle between the West Virgin.....»»
Manchin urges Treasury to block ‘loopholes" in EV tax credits
In a letter to Treasury Secretary Janet Yellen, Sen. Joe Manchin, D-W.Va., asked that the tax credit for commercial EVs is implemented in "a manner that strengthens domestic manufacturing while ensuring economic and national security" and that it doe.....»»
EV tax credits to dominate U.S.-EU trade talks
EU fears U.S. EV tax credits will damage European automakers; French President Macron termed the program a 'job killer' for Europe......»»
EPA proposes revamp of biofuel program to include EVs
The EPA plan would introduce a pathway for EV makers to generate credits. That would recognize the possibility that EVs could be charged using power from the grid generated by biofuels like landfill or agricultural methane......»»
No, Qatar’s World Cup Can’t Be Classed as Carbon-Neutral
Despite efforts to reduce emissions, the 2022 FIFA tournament is highly carbon-intensive. And its road to net-zero relies on questionable carbon credits......»»