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Tax Credits Batteries

Troutman Pepper Locke

A Voltage Voyage With Danielle Spalding, Cirba Solutions — Battery + Storage Podcast

Troutman Pepper Locke on

In this episode, guest hosts Dan Anziska and Coby Beck join Bill Derasmo for an interview with Danielle Spalding, vice president of communications and public affairs at Cirba Solutions. Spalding discusses the importance of...more

Morgan Lewis

A 2025 Update on Utility-Scale Energy Storage Procurements

Morgan Lewis on

While the energy storage market continues to rapidly expand, fueled by record-low battery costs and robust policy support, challenges still loom on the horizon—tariffs, shifting tax incentives, and supply chain uncertainties...more

ArentFox Schiff

IRA Developments to Watch in the EV and Battery Supply Chain for 2025

ArentFox Schiff on

The incoming Trump Administration’s approach to the Inflation Reduction Act (IRA) and tax policies is generating significant interest within the electric vehicle (EV) sector. Generally, reports indicate that some Republican...more

Allen Matkins

Renewable Energy Update 1.9.25

Allen Matkins on

According to a new study published in the journal Renewable Energy, no blackouts occurred when wind, water, and solar electricity supply exceeded 100% of demand on California’s main grid for a record 98 of 116 days from late...more

Foley Hoag LLP - Energy & Climate Counsel

With Federal Support Uncertain, New York Executes Plan for Six Gigawatts of Energy Storage by 2030

After years of regulatory proceedings and planning, and following the New York Public Service Commission (the “PSC”)’s June 2024 Order Establishing Updated Energy Storage Goal and Deployment Policy (the “June 2024 Order”),...more

Allen Matkins

Renewable Energy Update 7.18.24

Allen Matkins on

The California Energy Commission (CEC) has adopted a strategic plan that will guide the state’s development of offshore wind energy. The plan outlines analysis and strategies to deploy floating turbines off California’s...more

Allen Matkins

Renewable Energy Update 6.03.24

Allen Matkins on

The California Independent System Operator’s board on May 23 approved a $6.1 billion, 10-year transmission plan that includes projects to deliver offshore wind to customers. Transmission projects to access clean energy...more

A&O Shearman

Navigating the new elective safe harbor for the Domestic Content Bonus Tax Credit

A&O Shearman on

The U.S. Treasury Department and the Internal Revenue Service have issued a new safe harbor that will make it easier for U.S. solar, onshore wind and battery storage projects with U.S.-sourced components to qualify for...more

Kilpatrick

U.S. Government Clarifies that Chinese, Russian, North Korean, and Iranian Batteries Do Not Qualify for Clean Vehicle Tax Credits

Kilpatrick on

Just this month, the U.S. Government clarified that all vehicles sold with batteries manufactured in or made of critical minerals mined from China, Russia, North Korea, and Iran will be excluded from the $7,500 Section 30D...more

Holland & Knight LLP

Treasury Department, IRS Issue Final Rules Under Clean Vehicle Tax Credits

Holland & Knight LLP on

The Federal Register on May 6, 2024, published final regulations issued by the U.S. Department of the Treasury and IRS under the clean vehicle tax credits found at Sections 25E (previously owned clean vehicles) and 30D (clean...more

Baker Donelson

Final Regulations on Tax Credits for Electric Vehicles: No Time to Relax

Baker Donelson on

The Treasury finalized regulations for the Clean Vehicle Credit under I.R.C. Section 30D. These regulations are effective July 5, 2024. The Section 30D credit, up to $7,500, applies to new electric or fuel cell vehicles...more

Perkins Coie

IRS Clean Vehicle Tax Credit Rule Adds Hurdles for Domestic Electric Vehicle Manufacturing

Perkins Coie on

The Internal Revenue Service (IRS) published a final rule on May 6, 2024, defining eligibility requirements for the clean vehicle credit under Section 30D of the Internal Revenue Code, enacted by the Inflation Reduction Act...more

Allen Matkins

Renewable Energy Update 5.07.24

Allen Matkins on

Governor Gavin Newsom said on April 25 that California continued to rapidly add the battery storage that is crucial to the transition to cleaner energy, but admitted it was still not enough to avoid blackouts during heat...more

Katten Muchin Rosenman LLP

US Treasury Releases Final Regulations for $7,500 EV Tax Credit, Maintains Exclusions for Foreign Entities of Concern

On May 3, the US Treasury Department (Treasury) released final regulations under Section 30D of the Internal Revenue Code. The Section 30D regulations provide guidance for the up to $7,500 electric vehicle (EV) tax credit...more

Katten Muchin Rosenman LLP

Updates on EV Tax Credits

Over the past several months the US Treasury Department (Treasury) and the Internal Revenue Service (IRS) have been busy issuing regulations and administrative guidance with respect to Section 30D (New Clean Vehicle Tax...more

Dickinson Wright

Plugged In: An EV Newsletter Vol. 2, No. 2

Dickinson Wright on

Editor’s Note - Dear Readers, Our collaboration with guest authors continues to ramp up, this time with an author from half way around the world! Welcome to yet another enthralling edition of Plugged-In, where we hear from...more

Pillsbury - Global Trade & Sanctions Law

China Year-in-Review: Securing the Battery Supply Chain

During 2023 both Congress and the Biden Administration repeatedly expressed the need to secure critical supply chains, particularly batteries that rely heavily on lithium and critical minerals sourced from China. Concerns...more

Eversheds Sutherland (US) LLP

DOE, Treasury and IRS issue guidance regarding foreign entity of concern for section 30D tax credit eligibility

On December 4, 2023, the Department of Energy (DOE), Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) published related proposed guidance on the eligibility of an electric vehicle for the section...more

Mayer Brown

Proposed Regulations on Section 45X Advanced Manufacturing Production Tax Credit

Mayer Brown on

On December 14, 2023, the Department of Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) released proposed regulations to implement the Section 45X advanced manufacturing production credit established by the...more

BakerHostetler

Overview of the Proposed Regulations for Advanced Manufacturing Credits Under Section 45X

BakerHostetler on

As covered in our prior alerts, the Inflation Reduction Act enacted new renewable energy credits, including an advanced manufacturing production credit under Section 45X that provides tax credits to domestic producers and...more

Holland & Knight LLP

An In-Depth Look at Section 45X Proposed Regulations

Holland & Knight LLP on

The U.S. Department of the Treasury and IRS on Dec. 14, 2023, released Proposed Regulations regarding the Section 45X Advanced Manufacturing Production Credit of the Internal Revenue Code. (See Holland& Knight's previous...more

Eversheds Sutherland (US) LLP

The French Finance Bill for 2024 creates a Tax Credit for Investments in Green Industries

The French Finance Bill for 2024, released on September 27, 2023, includes a tax credit for investments in green industries (the Crédit d’impôt “Investissement Industries Vertes” or C3IV) aimed to restore France’s industrial...more

Foley & Lardner LLP

Electrified Industrial Policy: IRS Proposed Regulations on Section 30D EV Tax Credits & EV Manufacturing Grants

Foley & Lardner LLP on

The Inflation Reduction Act of 2022 (the “IRA”) and the Infrastructure Investment and Jobs Act of 2021 (the “IIJA”) set in motion an ongoing series of changes that are aimed at transforming, among other things, the automotive...more

Sheppard Mullin Richter & Hampton LLP

Tax Credits for Electric Vehicle Batteries Under the Inflation Reduction Act: Free Trade Agreement Edition

On March 31, 2023, the U.S. Department of Treasury and Internal Revenue Service (IRS) released proposed guidance clarifying how manufacturers may meet the critical minerals and battery sourcing requirements for the clean...more

Troutman Pepper Locke

Taking Charge: Inside the U.S. Battery Boom

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The Inflation Reduction Act (IRA) has supercharged global interest in U.S. battery storage, forcing companies to change their approach to the market. We look at how this generational legislation is driving growth and...more

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