On December 22, 2023, the U.S. Department of the Treasury (DOT) released a Notice of Proposed Rulemaking (NPRM) meant to address several issues associated with the Clean Hydrogen Production Tax Credit (PTC) established via Section 45V of the Inflation Reduction Act of 2022 (IRA). This article provides a brief overview of the proposed rules.
The U.S. Environmental Protection Agency (“EPA”), which administers the federal renewable fuels program known as the Renewable Fuel Standards (“RFS”), has been grappling with the best approach to incorporating electric vehicles (“EVs”) into the RFS. Specifically, the EPA has been evaluating ways to adapt the RFS (under which renewable energy developers can generate marketable credits