The transition to electric vehicles (EVs) is accelerating change in the auto industry. The path toward a sustainable future is increasing demand for capital among automotive suppliers. Whether suppliers are looking to build and retool more flexible facilities, create battery supply chains, or develop innovative EV technologies — there’s a need for significant funding to help fuel these initiatives. However, many automotive suppliers are unaware of the range of funding options available to support this transition.During this view on-demand webinar, our mobility experts will help you to identify opportunities, determine project eligibility, and understand tax implications and monetization strategies. You’ll gain insight into private and self-funding options to help define your funding strategy as you work to secure capital for a sustainable EV future. We’ll help you understand and navigate various tax credits and loan/grant programs created through the Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (Infrastructure Act).
Learning objectives:
- Explore the intricacies of developing a business case for private and self-funding strategies to support your investment in the EV future.
- Review funding options and eligibility for funding programs and evaluate readiness to submit an application.
- Gain insight into state and local incentives, including property and income tax abatements, workforce grants, infrastructure improvements, and purchase incentives.
- Discover how to take advantage of tax credits and government grant and loan programs, including: Sections 45X and 48C tax credits; Advanced Technology Vehicles Manufacturing (ATVM) and Title 17 loan programs; Office of Energy Efficiency and Renewable Energy (EERE) and Office of Manufacturing & Energy Supply Chains (MESC) grant opportunities; state and local tax incentives; and more.
