1 month ago
Earth.Org
More Vehicles Will Qualify for EV Tax Credit After US Expands SUVs DefinitionMore crossover SUVs will qualify for the EV tax credit, the Treasury Department announced on Friday following lobbying by automakers. The Biden administration has broadened the definition of sport-utility vehicles, effectively allowing more SUVs to qualify for the $7,500 consumer tax credit. The adjustment is retroactive to January 1, meaning that even those who already bought a vehicle this year can claim the credit. The world’s electricity demand is set to accelerate to an average of 3% over the next three years, with more than 70% of the increase coming from China, India, and Southeast Asia. By 2025, Asia will account for half of the world’s electricity consumption, with one-third being consumed in China.
Continue reading...
