Month: December 2022

2023 tax credits for EVs will boost their appeal

WASHINGTON (AP) — Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse emissions.

But a complex web of requirements, including where vehicles and batteries must be manufactured to qualify, is casting doubt on whether anyone can receive the full $7,500 credit next year.

EV charging station manufacturer plans $8 million Auburn plant, to hire 180

A plant that makes fast charging stations for electric vehicles is planning its first U.S. location in Auburn.

ADS-TEC Energy today announced an $8 million project which is expected to create about 180 jobs.

The company plans a sales, warehousing and assembly facility that should be operational by 2024. Hiring has already begun, according to the company.

ADS-TEC Energy uses lithium-ion technology to create rapid electric charging stations, with battery buffers that allow for fast charging without the need to expand power grids.