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The United States and Japan reached a trade agreement for critical minerals used in batteries–a deal aimed at allowing Japan to meet sourcing requirements for new electric-vehicle subsidies in the United States and beginning to shift energy supply chains away from China. Under the deal, the United States and Japan agreed not to levy export duties on […]
Electric car manufacturers in Europe are slowing down production because battery cars have proven too expensive for the middle class and the supply of lithium for their batteries is too uncertain. Production in Europe this year is expected to be 12 million cars—a million less than previous estimates. Tesla, for example, is cutting prices to boost […]
This past week House Democrats passed their budget reconciliation bills in the various Committees. So far these bills are 100 percent partisan as no Republicans in any Committee has voted for them. Next, the House Budget Committee will take the various provisions and combine them into a reconciliation bill to send to the Senate. This […]
In April, Senator Debbie Stabenow (D-MI) introduced the Drive America Forward Act, a bill that would expand the tax credit for new plug-in electric vehicles (EVs) by allowing an additional 400,000 vehicles per manufacturer to be eligible for a credit of up to $7,000. Currently, the tax credit is worth up to$7,500 until a manufacturer […]
WASHINGTON – This morning, a coalition of 30 free market policy groups, led by the American Energy Alliance, sent a letter to House Ways and Means Committee Chairman Kevin Brady objecting to any expansion of the federal electric vehicle tax credit. The letter encourages Chairman Brady to reject attempts by the EV lobby and their allies in Congress to slip a tax-credit cap […]
Despite the brutal bipartisan legislative defeat in 2009 of the Waxman-Markey cap-and-trade bill, there continue to be policymakers who want to impose a carbon tax. This time, the failures of current tax incentives and proposed regulations that attempt to lower our carbon dioxide emissions and encourage renewable energy are the impetus for the imposition of […]
A recent Bloomberg article underscores the government distortions in the fuel and food sectors. The piece discusses the rising price of ethanol because of expected supply problems: Ethanol’s discount to gasoline narrowed to a four-month low on speculation that the slowest pace of corn planting since 1986 will make it difficult to replenish supplies. The […]
These are the people on the other side. Watts Up With That (5/2/13) reports: “From the Fahrenheit 451 department comes this indictment of California’s higher education’s “tolerance” for opposing views. When I first got the tip on this, I thought to myself “nobody can be this stupid to photograph themselves doing this” but, here they are, right […]
Nooooooooooooo!!!!!!!!! The wind crew is bitterly clinging to its tax credits. They probably don’t have religion or guns. Politico (3/5/13) reports: “Two months after Congress rescued it, the wind industry’s crucial tax credit is back on the countdown to extinction. The fiscal cliff deal revived the wind-production tax credit on New Year’s Day just hours after it […]
Look out, folks. This young woman is a force to be reckoned with. AEA (1/15/13) reports: “Director of Federal Affairs, Robin Millican, speaks at a press conference held by Rep. Mike Pompeo about the Energy Freedom and Economic Prosperity Act.” We could have come up with a dramatic statement like “Blades of Death Ripping American […]