ZETA will be headed by a former Tesla employee
2023.01.05 15:29
ZETA will be headed by a former Tesla employee
Budrigannews.com – Former Tesla employee Albert Gore III (NASDAQ:) The Zero Emission Transportation Association (ZETA) announced on Wednesday that a public policy employee has been appointed executive director.
In August, Congress approved new tax credits for electric vehicles and approved $5 billion for EV charging stations in 2021.
In a LinkedIn post, Gore stated, “Lots of work ahead, beginning with the implementation of the National Electric Vehicle Infrastructure Program and new industrial policies in the Inflation Reduction Act.”
He is the son of a former vice president who shared the Nobel Peace Prize in 2007 for his advocacy for climate change.
Gore worked in public policy and business development for Tesla for nearly seven years.
Tesla, Lucid Motors, Rivian, LG, and Alphabet are ZETA members (NASDAQ:). Uber (NYSE:), Waymo, (OTC:) Panasonic as well as Albemarle (NYSE:
By 2030, President Joe Biden wants half of all new cars sold in the United States to be electric or a plug-in electric hybrid.
In August, the $430 billion Inflation Reduction Act (IRA) revised the rules for EV tax credits, ending $7,500 consumer tax credits for EV purchases made outside of North America, which enraged Japan, South Korea, and other nations.
“Much of the conversation around EVs over the next few years will focus on implementation and deployment,” according to Joe Britton, the previous executive director of ZETA.
The U.S. Treasury Department announced this week that EVs leased by consumers are eligible for up to $7,500 in commercial clean vehicle tax credits, making them eligible even if they are assembled outside of North America.
Additionally, the law seeks to phase out Chinese battery minerals or components, establishes income and price caps for qualifying automobiles, and places restrictions on the sourcing of battery minerals and componentry. Consumer credit is not subject to restrictions like commercial credit is.
The 200,000-vehicle limit per manufacturer that had held Tesla and General Motors (NYSE:) back is lifted by the IRA. unable to receive EV tax credits.
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