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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.

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Electric Vehicle Spotlight: Financing a Tesla Model 3

EV Life

Since its release in 2017, the Tesla Model 3 has revolutionized the electric vehicle market. sec $7,500 Check Incentives Note: Recent changes to Tesla’s supply chain to meet battery component and battery mineral requirements have made all three trims of the Model 3 eligible for the full $7,500 federal EV tax credit.

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Rivian introduces two quad-motor, AWD “Electric Adventure Vehicles”

Green Car Congress

The Rivian vehicles feature up to 400+ miles in electric range, a wading depth of 1 meter, lockable storage bins that can fit the bulkiest of gear, and the performance and precise control of quad-motor AWD. R1T pricing starts at $61,500 after Federal Tax credit. R1S pricing starts at $65,000 after Federal Tax credit.

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What Does GM’s “30 New EVs By 2025” Promise Mean for the US Market?

EV Adoption

GM Stock Chart: Yahoo Finance. As such, I think without significant price discounts (all of the other EVs also have access to the Federal tax credit except the Tesla), the two Bolt models will never see sales in the US above around 35,000 per year (if that even). Mary Barra, CEO – General Motors.

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

General Motors. Charging infrastructure financing: Unlocking Up $4.5 It will also list current tax credits and incentives applicable to EV charging. Among the actions announced are: Unlocking up to $4.5 Duke Energy. Edison Electric Institute. Electric Drive Transportation Association (EDTA). Eversource Energy.

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Sen. Baucus draft for energy tax reform focuses on clean production of electricity and fuels; repeals plug-in vehicle credits

Green Car Congress

Senate Finance Committee Chairman Max Baucus (D-Mont.) introduced the latest in a series of discussion drafts to overhaul the US tax code. This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US.

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Cadillac’s ambitious move to an all-electric luxury brand by 2030

Charged EVs

Among cutting-edge automotive buyers—the glitterati of Los Angeles, the tech millionaires of Silicon Valley, the finance titans of Wall Street—only one Cadillac is widely recognized. Yet Cadillac is leading the high end of General Motors’ ambitious move into EVs for all its brands. Celestiq: a true Standard of the World?