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Senate Finance Committee Approves $12,500 EV Tax Credit Bill

The Truth About Cars

On Wednesday, the Senate Finance Committee advanced the Clean Energy for America Act making a few tweaks from earlier proposals. Changes include raising the federal EV tax rebate ceiling to $12,500 and opening the door for automakers who already exhausted their production quotas.

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Report: Almost Half of America's New EV Sales Are Leases

The Truth About Cars

The rules around federal EV tax credits changed at the beginning of this year, making it more difficult for vehicles to qualify. percent of new EVs on America’s roads are leased, up from 33.6 Financed EVs declined to 34.7 are leased. It shows that 48.7 percent in the same quarter of 2023.

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Tax filers: If you’re claiming IRA tax credits, then you need this free tool

Baua Electric

Photo: Tesla If you bought an EV or made electric upgrades in 2023, then use this Rewiring America tool to confirm which Inflation Reduction Act (IRA) tax credits you qualify for. I wholeheartedly recommend this easy-to-use online tool from electrification nonprofit Rewiring America , which I rely on myself. Get started here. –ad*

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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

Green Car Congress

T&E used publicly available information to assess the 50 gigafactories announced in Europe based on their finance and permits, whether they had secured a location, and the companies’ links to the US. EU battery manufacturing is caught in the crossfire between America and China. Europe must act or risk losing it all.

Companies 430
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Tesla launches $0 due at signing promotion for Model 3 and Model Y

Teslarati

As noted by Tesla on the order page of the Model 3 and Model Y , the $0 due at signing promotion applies to financed vehicles when buyers apply for the $7,500 federal tax credit at point of sale OR. Tesla has promoted its new incentive on the official account of Tesla North America on social media platform X.

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Ford Mustang Mach-E customers to receive 250 kWh of complimentary charging at Electrify America stations

Green Car Congress

Ford Mustang Mach-E owners in the US will receive 250 kWh of complimentary charging through FordPass Rewards at Electrify America fast-charging stations. For Mustang Mach-E owners with the extended-range battery, the 250 kWh of fast-charging energy is equal to more than three fill-ups.

Ford 243
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Ford re-opens order books for Mach-E; higher range, lower pricing; all standard range models with LFP packs

Green Car Congress

BlueCruise is now equipped on 199,000 Ford and Lincoln vehicles in North America and customers have accumulated more than 70 million hands-free miles driven with the technology. The Mustang Mach-E qualifies for potential Inflation Reduction Act federal tax credits in 2023 of $3,750.

Standards 417