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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. In the US, the Fisker Ocean starts at $37,499 in the base Sport.

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Volvo XC40 Recharge EV to start at $53,990 in US before qualifying tax incentives

Green Car Congress

The purchase of an XC40 Recharge may qualify for a federal tax credit of up to $7,500. The Volvo XC40 Recharge, the company’s first fully electric vehicle, will carry an MSRP of $53,990 when it arrives in US showrooms later this year. State and local incentives could add further benefits.

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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp.,

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Ford, GM, & Other Automakers Pushing to Keep US EV Tax Credits, Especially Leasing One

CleanTechnica EVs

As I just wrote, the wheels are now in motion to kill the US EV tax credit (or, well, all three of them the $7,500 one for certain new EV purchases, the $7,500 one for EV leasing, and the $4,000 one for used electric cars). One would think that.

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Peninsula Clean Energy expands EV rebate program; up to $1,000 for new EVs under $45K

Green Car Congress

Peninsula Clean Energy, a Community Choice Aggregation agency and the official electricity provider for San Mateo County in California, is expanding its program offering rebates to help first-time buyers of new electric vehicles. Eligible vehicles are any new EVs that have a purchase contract cash price of $45,000 or less, before sales tax.

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UPS plans to purchase 1,000 propane-fueled package delivery trucks, install fueling stations; $70M investment

Green Car Congress

UPS plans to purchase 1,000 propane package delivery trucks and install an initial 50 fueling stations at UPS locations. Propane meets those criteria as a clean-burning fuel that lowers operating costs and is readily accessible, especially on rural routes in the United States. —David Abney, UPS chief operating officer.

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NY state launces series of initiatives to encourage adoption of EVs

Green Car Congress

New York State announced a series of broad-scale initiatives to encourage the purchase and to increase the convenience and accessibility of electric vehicles (EV). Drive Clean Rebate Initiative Supporting the Direct Purchase of 11,000 EVs. The tax credit is applied after the rebate amount received from NYSERDA.

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