Alternative Fuel Vehicles Market Estimated to Surpass $892 57 Billion Mark by 2026 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
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With interest and investment in electric vehicle (EV) technology increasing steadily, it is important for OEMs, suppliers, dealers, and consumers to be aware of federal and state incentives that may subsidize their particular EV decisions. In Georgia, specifically, several potential credits and discounts are available from the state and from private utilities. Consider the following:
Alternative Fuel and Advanced Vehicle Job Creation Tax Credit
A business enterprise that manufactures alternative energy products for use in battery, biofuel, and EV enterprises may claim an annual state tax credit for five years, based on the number of eligible new full-time employee jobs engaged in the qualifying activity. The credits range from $750 to $3,500 per year, depending on unemployment rates and income levels in the county of operation, as well as other details. An additional one-time credit of $500 per new job created may be ava
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Car retailers have returned to auctions in February after January experienced “price sensitive” trading as they stocked forecourts with sub-£12,000 price vehicles, according to Aston Barclay.
The remarketing specialist said that it had sold several thousand used cars last month, despite the ongoing COVID-19 lockdown measures, with dealers changing their stocking plans to reflect the growing consumer demand for used cars with a retail price of less than £12,000.
It said that stock outside this price bracket has been less desirable, with Alternative Fuel Vehicles (AFVs) taking the biggest price hit – falling 16.9% (£2,403) to £11,805.
Dealer demand in the young part exchange sector (55 to 75 months) continued to grow which reflected in average prices remaining strong at £7,230.
By Matt Smith Order Reprints U.S. Department of Energy, Oak Ridge National Laboratory
Hidden in the hardwood forests of eastern Tennessee is a glass-and-steel American Wakanda of impulsed neutron beams, supercomputers, and atom probe microscopes. Here, at the U.S. Department of Energy’s Oak Ridge National Laboratory, Enrico Fermi and fellow scientists raced to develop the neutron bomb, and subsequent generations worked on the world’s-fastest computers, helped develop nuclear submarines and advanced spacecraft, analyzed greenhouse gas emissions, and made world-changing discoveries such as ribonucleic acid and the role of the Y chromosome.
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How U.S. Research Damning Electric Cars Is Funded by Saudi Oil Interests
Electric vehicle pioneer
Tesla began delivering made-in-China Model Y crossover vehicles on Monday. Local production for the company will impact everything from delivery volumes to profit margins.
The Chinese built Model Y was approved for sale late in 2020 and Tesla (ticker: TSLA) confirmed that production had begun when it released fourth quarter delivery figures in early January. Now customers are getting their cars.
Profit Margins
Local production, in China, or other geographic regions means lower delivery costs. And lower costs help Tesla make more money. That was the scenario that unfolded in 2020 with the Model 3 sedan as Tesla’s Shanghai facility ramped up production. “The cost of vehicles produced in Shanghai in Q1 is already lower than the cost to produce the Model 3 in Fremont,” reflected CFO Zachary Kirkhorn on the company’s first quarter 2020 conference call.