Financing
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Tesla delivers record number of vehicles, cuts prices $2,000
Tesla says it’s cutting prices of its three vehicles by $2,000 to help customers handle the gradual phase-out of federal electric vehicle tax credits
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Elon Musk to unveil underground tunnel, transport cars
The tunnel is a “proof of concept” and will facilitate research and development for a broader system in traffic-plagued Los Angeles and beyond
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Who Got Funding in November (Cleantech)
Fundingportal tracks which companies and organizations in the cleantech sector secured government incentives
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GM fights U.S. government to retain tax credit for electric cars
In response to GM’s recent layoff announcement, Trump said he was “looking at cutting all GM subsidies, including for electric cars.” There are calls to reform the existing US$7,500 credit, which caps out at 200,000 EVs per manufacturer
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Ford, Volkswagen in talks to build VWs at U.S. Ford plants
VW has said it’s considering a new U.S. factory to build electric vehicles that the company plans for the future
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EDC spends 12 times more for fossil fuels than cleantech, report says
Canada’s export credit agency is being pushed by environmental groups to take a stronger role in promoting cleantech and to move entirely away from financing the oil and gas sector
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New tax incentives for investment could increase Canada’s emissions
The good news: Manufacturing and processing companies can write off the full cost of buying new equipment and machinery. The bad news: These investments could increase greenhouse-gas emissions and create more pollution
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Who Got Funding in October (Cleantech)
Fundingportal helps Canadian cleantech companies get funded
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Ottawa plans to give climate funds directly to Ontario institutions, businesses
Ontario’s share came into question after Premier Doug Ford scrapped the province’s cap and trade program and cancelled climate funding
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Tesla names new board chair in settlement with regulators
Australian telecommunications executive Robyn Denholm has been named as chair. Elon Musk will remain as Tesla’s chief executive
