inflation reduction act

inflation reduction act

StoreDot

StoreDot, an Israeli company specializing in high performance lithium ion and solid state batteries, announced today that it has opened a research and development facility in Irvine, CA. The expansion aims to make the company attractive to the region’s strong academic talent pool and establish a US presence that may catch the attention of automakers in search of battery options for the future.

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micheile dot com
When the Inflation Reduction Act (IRA) passed last fall, much was made about the revamped electric vehicle tax incentive structure for new car purchases. Specifically that buyers would be eligible for up to a $7,500 rebate. But legislators also added language to the law that would create incentives for used EV sales. Naturally, this facet of the policy was largely ignored. That said, the used car market is typically around double that of new sales, meaning the rules for used EVs outlined in the IRA will have major implications for the country’s transition to an electrified auto fleet…eventually.
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Eduardo Arcos

You probably don’t need a team of scientists to tell you that electric vehicles are expensive. A simple look at the sticker prices should do the trick: The average price of an EV in the United States in 2021 was “close to $60,000, before rebates and incentives, according to Kelley Blue Book. Compare that to just $42,380 for the average new car. And while there are several more affordable options on the road, the purchase price of electric options remains a barrier to decarbonizing the transportation sector in America… and scientists are here to study it.

In a new publication in "Frontiers in Environmental Science," researchers analyzed the current prices of EVs in the United States and tried to predict if the United States could meet its ambitious goal of 50% plug-in vehicle adoption by 2030.

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