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Tax Credits Advanced Batteries

Foley & Lardner LLP

Foley Automotive Update - August 2024 - 2

Foley & Lardner LLP on

A number of auto suppliers are reducing R&D and engineering budgets in response to cost pressures, according to a report in Crain’s Detroit. Declining automotive plant capacity utilization in the U.S. is expected to be a...more

White & Case LLP

US Treasury Department Publishes Proposed Guidance on Clean Vehicle Tax Credits

White & Case LLP on

On April 17, 2023, the US Department of the Treasury ("Treasury") and the Internal Revenue Service ("IRS") published the Notice of Proposed Rulemaking for the Section 30D New Clean Vehicle Credit (the "Proposed Rules") to the...more

McDermott Will & Emery

Add Batteries to Your Wind Farm and Get More (ITC) Juice

McDermott Will & Emery on

A battery storage system added to a pre-existing wind facility is eligible for the investment tax credit, even if the facility has claimed the production tax credit. This is good news for taxpayers considering adding...more

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