Remove Audi Remove North America Remove Personal Remove Purchase
article thumbnail

81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. Applicants can receive a non-refundable tax credit of up to $7,500 on the purchase of any of the eligible vehicles listed under the IRA. Critical minerals. Battery components.

article thumbnail

Update: 10 Best Car Sharing Programs

Clean Fleet Report

For some Americans it gives a chance to drive and experience a different car, maybe an electric car they might be thinking of purchasing. Uber’s value proposition is that it is cheaper than using a taxi and much cheaper than using a personal car. She outlines the variety of choices available in a white paper.

Cars 97
article thumbnail

Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

The year 2023 was the first in which China’s New Energy Vehicle (NEV) 3 industry ran without support from national subsidies for EV purchases, which have facilitated expansion of the market for more than a decade. However, the phase-out of several purchase subsidies in Germany slowed overall EV sales growth.

article thumbnail

Kia EV9 and Volvo EX30: Are they 2024’s most important EVs?

Charged EVs

That clears the first hurdle to qualify Kia’s electric three-row utility for the $7,500 federal purchase incentive (details on battery minerals and assembly are yet to be revealed). In North America, the EX30 is small enough that four full-size American adults will find it too tight for more than short trips.

Volvo 120
article thumbnail

Kia EV9 and Volvo EX30: Are they 2024’s most important EVs? – Charged EVs

Baua Electric

That clears the first hurdle to qualify Kia’s electric three-row utility for the $7,500 federal purchase incentive (details on battery minerals and assembly are yet to be revealed). In North America, the EX30 is small enough that four full-size American adults will find it too tight for more than short trips.

Volvo 52
article thumbnail

The EV Transition Explained: Reshaping Labor Markets

Cars That Think

For example, Daimler AG and Audi reportedly have eliminated 20,000 jobs, while auto supplier Bosch will be laying off 1,000 workers in a move to support vehicle electrification. GM announced in an investors call that it was pushing back its target of making 400,000 EVs in North America by the end of 2023 into mid-2024.

Market 103
article thumbnail

EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car. Personalize Your EV Tax Credit. Want to skip the reading and personalize your EV tax credit based on your vehicle, zip code, and income?