Tag Archives: Tax

IN A NUTSHELL ⏳ Homeowners are rushing to install battery storage systems before the 30% tax credit expires. 📈 The demand surge is causing supply chain challenges and potential installation delays. 🗓️ The tax credit deadline is set for December 31, 2025, pressuring both consumers and contractors. 🔋 New technologies like 5,000ºF batteries highlight the growing interest in sustainable energy …

US to punish ships, seafarers, flags and officials if IMO passes carbon tax  Tradewinds News Trump continues to battle global green shipping push  politico.eu Taking Action to Defend America from the UN’s First Global Carbon Tax – the International Maritime Organization’s (IMO) “Net-Zero Framework” (NZF)  U.S. Department of State (.gov) US threatens visa restrictions, sanctions against UN members that back IMO emissions plan  Reuters …

A key advantage for EVs is going away. Tesla (TSLA -4.97%) has been a great American success story, but the company has received a significant assist from the government over its history, including more than $11 billion in regulatory tax credits over its history and a crucial low-interest loan from the Department of Energy when it was just getting started. …

Last week, it was revealed that the automakers were working with their respective dealer networks on short-term programs that would allow customers to continue to receive the tax credit on leased EVs through the rest of the year. With the tax credit expiring on September 30th, Ford and GM were hoping to keep offering the discount to customers for a …

New rules from the IRS will take away a popular retirement tax break from some of the workforce’s higher earners. Starting in 2027 — although some plans could implement the change by next year — workers aged 50 and up who earn more than $145,000 in the previous year will only be able to make catch-up contributions to their 401(k) …

GM is ending plans for a program that enabled its dealers to extend the $7,500 tax credit for new Chevy, GMC, and Cadillac EV leases beyond the September 30 deadline. Instead, it has another plan to keep the savings going. GM ends $7,500 EV tax credit and plans its own savings After the $7,500 federal tax credit for electric vehicles …

Exclusive: GM backtracks on plan to claim last-minute EV tax credits  Reuters Unplugged: These EVs have been canceled or postponed in the U.S.  Automotive News How the US got left behind in the global electric car race  BBC The future for EVs in America looks grim. But the auto industry isn’t giving up  CNN Ex-Tesla board member reveals how he’s playing the EV boom  CNBC …

The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters General Motors is scrapping a program aimed at allowing its dealers to continue offering for several months a $7,500 tax credit on electric-vehicle leases following the Sept. 30 expiration of the federal subsidy, the company said on Wednesday. Toward the …

Not all EV makers will be crushed by the expiring sales incentive. The $7,500 electric vehicle (EV) tax credit is no more. It expired at midnight on Tuesday night, and the U.S. auto industry is bracing for a slump in demand. Without the additional $7,500 to make EVs more affordable, Ford (F 3.52%) CEO Jim Farley expects that demand for …

The Automakers That Completely Dropped The Ball On End Of US EV Tax Credit  CleanTechnica GMC’s higher-end trucks and SUVs are driving General Motors’ bottom line  Yahoo Finance The Biggest Winners and Losers in Auto Sales in Q3 2025  Car and Driver Tesla, GM lead record U.S. EV sales this year as federal incentives end  CNBC GM Q3 sales rise 8% on growth in …