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December 19, 2024

Inflation Reduction Act (IRA)

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Transparent, Traceable Supply Chains Key to EV Domestic Content Rules
The transparency and traceability of critical minerals and battery components will be essential for automakers as they work to meet domestic content provisions.
Bureau of Safety and Environmental Enforcement
GOP Energy Bill Passes House, Heads for Hostile Senate
The GOP-led House passed a fossil-fuel friendly energy infrastructure bill that Democrats said will be “dead on arrival” in the Senate.
Ford
Fewer EVs May Get IRA Tax Credit Under New Domestic Content Rules
The U.S. Treasury Department just made its March deadline for issuing guidelines on the domestic content provisions for EV tax credits.
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Podesta: US Automakers Will Scramble to Meet EV Tax Credit Provisions
The Biden administration will deliver long-awaited guidelines for the domestic content provisions of the Inflation Reduction Act’s electric vehicle tax credits.
The White House
NY Utilities to Seek $900M from DOE
Six utilities have indicated they will apply for federal loans and grants totaling roughly $900 million made available from the IIJA and IRA.
LG Energy Solution
LG Energy Solution Quadruples Size of Ariz. Factory Plan
LG Energy Solution said it would build a $5.5 billion factory in Arizona with an annual capacity of 43 GWh of vehicle and stationary batteries.
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EPSA Forum Speakers Focus on Hurdles to Energy Transition
Industry speakers at EPSA's Competitive Power Summit focused on the electric industry's transition and the hurdles it must overcome to make it happen.
David Maiolo, CC BY-SA-3.0, via Wikimedia
Republicans Opening Offer on Permitting is Missing Electric Tx
House Republicans are moving the first energy permitting bill through Congress, but it lacks any provisions around electric transmission.
EIA
EIA: Major Solar Growth Ahead, but EV Adoption Stalls After 2030
EIA projects the U.S. will be able to cut energy-related CO2 emissions 25 to 38% below 2005 levels by 2030, which falls short of President Biden’s target.
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Overheard at CERAWeek 2023
The energy transition and the march of technology were key highlights of CERAWeek by S&P Global, which attracted a record 7,200 attendees.

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