In order to begin transition towards more sustainable, green energy- there needs to be tax abatements for ELECTRICITY PRODUCTION companies in order for them to begin expanding the growing need for electricity.
The growing costs in raw materials and engineering services continues to plague the electricty producers across the nation. If we can help support the expansion of the power grid by providing tax incentives (much like that of section 107 of the Chips and Science Act 2023) whereby those companies that are RE investing in their ability to service more Americans, and thus shore up the power grid – USING fabrications and materials made in the US would greatly benefit ALL Americans.
Further-- to support the move towards including electric vehicles, providing the same type of tax abatements to GAS STATION owners-- to add EV Charging stations into their current infrastructure-- to provide EV owners more options by which to recharge their vehicles. While doing that-- the manufacturers of all components covered in the bill would be required to purchase those products from US manufacturers utilizing the 51% rule-- whereby 51% of the manufacture would need to be done in the US in order to secure the tax credit . For example-- all the raw materials can be purchased from DFARS (Western Europe, Japan) countries. All manufacture and assembly must be performed in the US. This would, in turn, drive manufacturing as well as expand the CHOICE to purchase EVs in the US.
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