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Former Tesla employee Gore to lead U.S. zero emission advocacy group

By David Shepardson WASHINGTON (Reuters) - Albert Gore III, a former Tesla (NASDAQ:TSLA) public policy employee, has been named executive director of the Zero Emission...
Former Tesla employee Gore to lead U.S. zero emission advocacy group © Reuters.
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By David Shepardson

WASHINGTON (Reuters) - Albert Gore III, a former Tesla (NASDAQ:TSLA) public policy employee, has been named executive director of the Zero Emission Transportation Association (ZETA), the Washington-based group said on Wednesday.

Congress in 2021 approved $5 billion for EV charging stations and in August passed new electric vehicle tax credits.

"Lots of work ahead, starting with implementation of the National Electric Vehicle Infrastructure Program and new industrial policies in the Inflation Reduction Act," said Gore in a LinkedIn post.

He is the son of the former vice president and co-winner of the 2007 Nobel Peace Prize for his climate campaigning.

Gore worked for Tesla for nearly seven years in public policy and business development.

ZETA members include Tesla, Lucid Motors, Rivian, LG, Alphabet (NASDAQ:GOOGL)'s Waymo, Uber (NYSE:UBER), Panasonic (OTC:PCRFY) and Albemarle (NYSE:ALB).

President Joe Biden wants 50% of new U.S. vehicles to be electric or plug-in electric hybrid by 2030.

The $430 billion Inflation Reduction Act (IRA) passed in August revised EV tax credit rules, ending $7,500 consumer tax credits for purchases of EVs assembled outside North America, angering South Korea, the European Union, Japan and others.

Joe Britton, ZETA’s previous executive director, said "much of the conversation around EVs over the next few years will focus on implementation and deployment" after congressional action.

Last week, the U.S. Treasury Department said EVs leased by consumers can qualify for up to $7,500 in commercial clean vehicle tax credits, a decision making those assembled outside North America eligible.

The law also restricts battery minerals and component sourcing, sets income and price caps for qualifying vehicles and seeks to phase out Chinese battery minerals or components. The commercial credit does not have restrictions imposed on the consumer credit.

The IRA lifts the 200,000-vehicle per manufacturer cap that had made Tesla and General Motors (NYSE:GM) ineligible for EV tax credits.

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
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(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
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SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
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