When purchasing an electrical device what are the two financial costs you need to consider

Share to Twitter Share to Linkedin Planning to buy an electric vehicle? Your net cost could depend on how successful the lobbyists of General Motors GM , Toyota, Ford and Chrysler parent company Stellantis are and whether West Virginia Senator Joe Manchin is ready to strike a deal with his fellow Democrats. Back in 2008, in an effort to jump start the electric car business, Congress created a nonrefundable tax credit of up to $7,500 for eligible vehicles–a credit which (as modified in 2009) starts to phase out once a carmaker has sold 200,000 electric vehicles. After a manufacturer hits the initial cap, the credit gets slashed by 50% for half a year and then by 75% for another half a year, before disappearing entirely. Tesla TSLA hit the total phase-out at the end of 2019 and General Motors at the end of March 2020. Toyota is expected to reach the 200,000 threshold soon, having sold more than 180,000 eligible vehicles as of the end of 2021 , … [Read more...] about Elon Musk Wants The Electric Vehicle Tax Credit To Disappear; Joe Manchin Might Oblige

by John Magee What costs 200 baht in a taxi but 30 baht on a BEAM? Chances are that you’ve seen these little purple scooters BEAMing around Phuket, particularly in the Laguna area, Patong, and Phuket Town. Indeed, they are appearing in growing numbers not only in Thailand but also, for starters, in Australia, New Zealand, South Korea, Turkey, and Malaysia. I’ve been fascinated with them, both as a business and as a ride. Who’s behind it and how does it work? At the core, is a short-trip, 2-wheeled ‘personal transportation device’ gone taxi in an Uber-style business model. But there are a couple of major modifications. The company, Beam Mobility Holdings of Singapore, appears to own the wheels and the customer does the driving. All else is familiar, with tracking and management of the fleet on a server somewhere, and customer interface in a nice little app called, simply, “beam”. BMH was founded with private equity in 2018 by two Singaporeans, one of them ex-Uber. The … [Read more...] about BEAM me up! App-based electric scooters come to Phuket

Share to Twitter Share to Linkedin Within weeks driverless electric freight transport trucks may be traveling on public roads in western Tennessee—the first time such a vehicle has been granted permission to do so in the U.S. This latest development in the logistics industry comes after Swedish freight technology company Einride was granted a permit by the National Highway Traffic Safety Administration for a public road pilot project. The Einride autonomous electric transport (AET) called a Pod, operates without a driver and does not even have a space for one. It is monitored by a specially-trained remote driver who can take control if necessary. The public road pilot is being run in conjunction with Einride client GE Appliances , a Haier company. Pods will operate on public roads in mixed traffic near GE Appliances's Tennessee plant east of Memphis, performing a number of tasks including movement of goods and coordinating with teams at various … [Read more...] about Einride Gets Go-Ahead For Driverless Electric Trucks On Public Roads

Share to Twitter Share to Linkedin Drivers across the United States are suffering unprecedented pain at the pump, with national average prices spiking above $5 per gallon . Fortunately an inflation-busting option is ready to go – modeling shows electric vehicles save drivers thousands per year compared to internal combustion engines in most states. But these consumer-protection economics hinge upon the U.S. Senate passing legislation that has languished for months after passing the House of Representatives. The existing $7,500 federal EV tax credit cap of 200,000 vehicles sold has been surpassed by GM and Tesla TSLA while Ford, Nissan, and Toyota will likely exceed it this year. Without those extremely valuable incentives, EVs and billions in annual savings will slip out of reach for many families. If the Senate passes reconciliation legislation extending the EV tax credit cap for automakers and increases the federal tax credit to $10,000, it will … [Read more...] about Americans Are Suffering Record Pain At The Pump. Will Congress Provide Electric Vehicle Relief?

- A + A KUALA LUMPUR (June 26): While the public welcomed the government's decision not to raise electricity tariff surcharge in the coming six months, the move is a negative surprise for Tenaga Nasional Bhd (TNB), which already saw cash flow squeeze, rising debt levels and record-high receivables in the first quarter as a result of rising fuel costs. TNB, which procures coal and natural gas for Peninsular Malaysia's power generation, may need to borrow more to fund the procurement if it cannot quickly recover the earlier spending on fuel costs, analysts said. Last Friday (June 24), Prime Minister Datuk Seri Ismail Sabri Yaakob said the government had maintained the 1H22 (first half of 2022) electricity tariff surcharge of 3.7 sen/kwh for non-domestic users, and a rebate of two sen/kwh for domestic users for the July-December 2022 period. In a nutshell, TNB pays upfront for fuel costs before they are compensated six months down the road through a higher tariff … [Read more...] about Electricity tariff surcharge status quo a negative surprise for TNB

RBI has issued new guidelines for card issuers for credit and debit card issuance (Representative Image) The Reserve Bank of India (RBI) released master directions for credit and debit card issuance on April 21. The RBI (Credit Card and Debit Card - Issuance and Conduct) Directions, 2022 shall apply to all Scheduled Banks (except Payments Banks, State Co-operative Banks, and District Central Cooperative Banks) as well as all Non-Banking Financial Companies (NBFCs) operating in India. The new directions shall be effective from July 01, 2022. "These directions cover the general and conduct regulations relating to credit, debit and co-branded cards which shall be read along with prudential, payment and technology & cyber security related directions applicable to credit, debit and co-branded cards, as issued by the Reserve Bank," RBI stated through its media release. Take a look at RBI's new guidelines for credit card issuers: 1) Card-issuers shall provide a one-page … [Read more...] about RBI’s new rules for credit, debit cards: All you need to know

Gas taxes are excise taxes that you pay when you fill up your car with gas. The federal government and all 50 U.S. states impose gas taxes, with much of the revenue raised going toward fixing highways and other infrastructure projects. State gas taxes range from just under 9 cents per gallon in Alaska to nearly 59 cents per gallon in California, though some states charge based on the amount spent rather than the volume of fuel purchased. Key Takeaways Federal and state governments levy gas taxes to help pay for road infrastructure projects. The average state gas tax is about 31 cents a gallon, though they range from less than 9 cents to nearly 59 cents a gallon. Gas taxes have not kept pace with road maintenance costs, leading some states to legislate increases tied to inflation and many to adopt variable rates. How Have State Gas Taxes Evolved? History of gas taxes U.S. states have levied gas taxes since the early days of automobile travel. In 1919, … [Read more...] about Gas Taxes and What You Need To Know

Share to Twitter Share to Linkedin Determining priorities for future sprints is one of the most challenging tasks tech leaders undertake—and it’s one they have to engage in over and over again. A tech team serves many stakeholders, and all of them believe that their priorities should drive yours. But everyone can’t be “the” winner. Additionally, your company and team often have multiple goals; deciding which are the most important can’t be done lightly. It’s essential to review multiple data points and establish priorities that represent the best-possible, most impactful outcomes for your customers, your company and your team. Below, 14 seasoned tech leaders from Forbes Technology Council share the data points that factor into their decision making and help them determine priorities in future sprints. These may not be the only data points you need to consider when establishing priorities for your team’s unique workload, but they’re a strong place to start. … [Read more...] about 14 Tech Leaders Share Essential Data Points They Consider When Determining Sprint Priorities

Share to Twitter Share to Linkedin The current job market feels like whiplash. Coming out of the pandemic, there was a huge pent-up demand for workers to help companies get back up and running. The job market was so hot that discussions centered around the Great Resignation trend with about 4 million Americans quitting their jobs on a monthly basis . Job seekers boasted about having numerous offers to choose from and companies complained they couldn’t find enough workers with the required skills and experience. Seemingly overnight, everything has changed . Americans have woken up to the new reality of inflation. In an effort to keep the economy afloat, the Federal Reserve Bank and the United States government injected trillions of dollars into the marketplace, sending stimulus checks to families, enhanced unemployment benefits and other fiscal measures. The fear and consequences of inflation may lead to a recession with massive job cuts, hiring … [Read more...] about What You Need To Know About Layoffs, Hiring Freezes, Inflation And A Possible Recession

In a devastating blow, the U.S. Supreme Court has overturned Roe v. Wade, stripping Americans of their constitutional right to seek an abortion and effectively banning the procedure in 26 states. The economic impacts of this decision will no doubt be astounding. advertisement advertisement For many people, particularly workers in low-wage jobs and people of color, access to safe and reliable reproductive healthcare can mean the difference between economic insecurity and economic advancement . Women who don’t have access to abortion care are three times more likely to leave the workforce and nearly four times more likely to have a household income below the federal poverty line. Furthermore, Black and Latinx people will be disproportionately impacted by Roe being overturned, further compounding economic inequities. In states like Louisiana, Mississippi, and Texas, which already limit abortion access, the majority of those receiving abortions … [Read more...] about Companies now need to take action to protect employee abortion rights. Here’s how