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Slumping EV Demand Partially Due to Higher Prices, ‘Confusing’ Tax Incentives

On Friday’s broadcast of CNBC’s “Squawk Box,” Energy Secretary Jennifer Granholm said part of the reason for the slowdown in demand for electric vehicles is that they are more expensive than gasoline-powered vehicles and “there is a confusing market for tax incentives.” said. ” asked co-host Andrew Ross Sorkin.[T]There’s obviously been a huge push from […]

Mississippi legislators approve incentives for a factory that would make EV batteries

The Mississippi Legislature on Thursday gave broad bipartisan approval to state incentives for factories that make electric vehicle batteries. The project promises to create 2,000 jobs with an average salary of about $66,000. After lawmakers voted, Republican Gov. Tate Reeves named the four companies involved. Heavy-duty truck manufacturers Cummins Axelera, Daimler Trucks and PACCAR will […]

Mississippi Gov. Reeves pushes for $350M in EV battery plant incentives

Mississippi Gov. Tate Reeves is asking lawmakers for $350 million in incentives for a planned plant in Marshall County that would make electric vehicle batteries and employ about 2,000 people. The Republican governor on Tuesday declined to name the company that plans to spend $1.9 billion to build the north Mississippi facility. This is the […]

Anheuser-Busch dangles $150M in incentives to beer distributors

Following Bud Light’s disastrous partnership with Dylan Mulvaney, Anheuser-Busch is reportedly dangling hefty incentives for distributors to keep its beer on shelves — retailers are popular That’s even though the company has started reallocating space allocated to beer. Beer brands in trouble after the Bud Light brand was criticized by a boycott over its April […]

Elon Musk’s Tesla offers referral incentives amid EV price

Electric car maker Tesla has rolled out a new program globally that allows buyers to earn additional incentives through referrals from existing customers, which traditional automakers have long used to boost sales. strategy. Incentives named by Tesla “Refer and Earn” A campaign on the company’s website offers US buyers of Model 3 and Model Y […]

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