The Truth About Cars

JUNE 7, 2023

Despite all-electric vehicles being heralded as environmentally sound solutions that would kick down the door to affordable mobility, there haven’t been a lot of good examples hitting the market recently. General Motors recently released the absolutely ludicrous GMC Hummer EV while the Chevrolet Bolt is being discontinued.

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Cars That Think

OCTOBER 29, 2021

More-affordable versions will begin production later this year, including a 650-horsepower Air Touring for $96,500, and an 800-horse Grand Touring at $140,400. Every buyer is eligible for a $7,500 federal tax credit, pushing the most-affordable Air to $71,400. The now-public company, flush with $4.5

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EV Adoption

AUGUST 19, 2021

Should expensive electric vehicles be excluded from the federal electric vehicle tax credit (IRC 30D)? While this question is often hotly debated on social media, the proposed changes to IRC 30D would draw a line in the sand and establish an $80,000 MSRP cap on the credit.

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EV Life

JULY 21, 2023

Their popular and affordable Bolt EV and Bolt EUV have had huge success, and the automaker is continuing to expand its electric offerings in the coming years. The Lightning is expected to compete against similar electric trucks like the aforementioned Chevy Silverado EV, GMC’s Hummer EV, the Rivian R1T , and the Tesla Cybertruck.

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Teslarati

NOVEMBER 6, 2021

The new EV tax credit breakdown could award as much as $12,500 for an EV purchase, but that’s not the best part. Over the past several days, more details regarding the EV tax credit have been detailed, especially as revisions to the bill were made just a few days ago to include trucks, SUVs, and vans.

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Teslarati

DECEMBER 10, 2021

The event saw Barra discuss several topics, from Tesla CEO Elon Musk’s argument that the Biden administration’s EV tax credit should be axed to GM’s supposed lead in the electric vehicle sector. “It’s one thing if you’re selling luxury vehicles to a slice of the public. It’s their only vehicle.

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Cars That Think

OCTOBER 26, 2021

But the difference is that only a minority of Americans today can afford to buy a new car. Most Americans do not have that saved and do not have the credit to do that. There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. So that's what it takes.

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Cars That Think

OCTOBER 26, 2021

But the difference is that only a minority of Americans today can afford to buy a new car. Most Americans do not have that saved and do not have the credit to do that. There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. So that's what it takes.

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Electric Vehicles Charging Vehicles Electric 98

EV Adoption

NOVEMBER 26, 2021

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

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