End of federal EV tax break
A TV news segment reports on the expiration of the $7,500 federal EV tax credit on October 1, 2025, and its expected impact on electric vehicle sales in the Southeast. The segment cites a new report…
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4 mentions for outlet: WRAL
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A TV news segment reports on the expiration of the $7,500 federal EV tax credit on October 1, 2025, and its expected impact on electric vehicle sales in the Southeast. The segment cites a new report…
“In the past two years, North Carolina has become a leading hub for electric vehicle and battery production. As of June 2024, our state ranked third in the country for EV and battery manufacturing investments, at $20.2 billion, creating over 16,000 jobs—many of them in rural communities.”
“So, North Carolina is not even top in the southeast anymore and our modeling projects that Georgia will overtake North Carolina in installed solar by around 2025”
The North Carolina Utilities Commission held final public hearings on carbon reduction plans required by a 2021 energy reform law targeting 70% emissions reductions by 2030. Duke Energy's proposal to retire coal plants by 2035 and…