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United States of America: Introduction of tax credits worth USD 10.6 million for Cummins Inc under the Advanced Energy Project Credit Program

Description

On 19 April 2024, the Department of Energy awarded Cummins Inc an investment tax credit worth USD 10.6 million. This funding will support Cummins' investment in PEM electrolyser manufacturing to advan...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

19 Apr 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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