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Tax incentives
Congress approves incentive boost for EV truck purchases
Congress on Friday passed climate legislation with tax incentives aimed at speeding adoption of medium and heavy-duty trucks, particularly those serving the last-mile delivery sector.
The U.S. House voted along party lines, 220-207, to approve the Democrat-backed Inflation Reduction Act of 2022 (IRA), a $745 billion package that contains grants and incentives to reduce the cost of clean energy and healthcare, along with tax reforms.
The IRA, a pared down version of President Joe Biden’s “Build...
https://www.freightwaves.com/news/congress-approves-incentive-boost-for-ev-truck-purchases
Study: Biodiesel packs major health and economic benefits
As the trucking industry considers the costs, challenges and social impacts of switching to alternative fuels to reduce its carbon footprint, the National Biodiesel Board (NBB) has released a report on the health and economic impacts of replacing ultra-low sulfur diesel with 100% biodiesel (B100).
Up to 45% of cancer risk could be reduced, and 203,000 asthma attacks annually could be avoided or lessened in the areas evaluated by switching to B100, according to the study, “Assessment of health...
https://www.freightwaves.com/news/study-biodiesel-packs-major-health-and-economic-benefits
Despite Nikola’s woes, electric truck plant progresses in Arizona
Officials in Coolidge, Arizona, report that Nikola Corp. (NASDAQ: NKLA) is making significant construction progress on the first phase of its $600 million electric truck assembly plant.
It’s a bit of positive news for the beleaguered startup. Nikola last week saw the collapse of an equity tie-up with General Motors and a two-day, 40% drop in its stock price as early investors dumped shares at their first opportunity.
With those events over, attention shifts to Nikola’s planned milestones,...
https://s29755.pcdn.co/news/despite-nikolas-struggles-electric-truck-plant-progresses-in-arizona
Seven questions with high-flying Hyliion’s CEO
At 28, Thomas Healy is on his third startup company, Already named one of Forbes “30 Under 30” — three years ago — the Carnegie Mellon University graduate holds dual bachelor’s degrees in mechanical engineering and engineering and public policy.
As CEO of Hyliion Inc. Healy raised $52 million for his Class 8 Hypertruck ERX hybrid powertrain, which uses a renewable natural gas generator to charge an onboard electric motor that emits net negative planet-warming greenhouse gas emissions.
https://s29755.pcdn.co/news/seven-questions-with-high-flying-hyliions-ceo