Remove Dealers Remove MPG Remove South Korea Remove Tax
article thumbnail

Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

Possibilities include dramatic reductions in the cost of EV batteries that lead to more cost- competitive vehicles, greater state or federal incentives, or increasing taxes on fossil fuels. Germany, the United Kingdom, several Nordic countries, Japan, and South Korea are continuing to pursue their hydrogen infrastructure roadmaps.

2014 346
article thumbnail

First Drive: 2016 Hyundai Sonata PHEV and HEV

Green Car Congress

Sonata Plug-in Hybrid will be built at the Asan, South Korea plant and will go on sale in select markets later this Fall. Sonata Plug-in Hybrid buyers will be eligible for a $2,500 fixed federal tax credit and a variable federal tax credit based on battery capacity that will also be over $2,000. MPG (charge sustaining).

PHEV 150
article thumbnail

The EV Transition Explained: Local Policies Shape Global Competition

Cars That Think

The federal government has also increased mileage standards for new passenger cars and light trucks to a fleet average of 49 mpg in model year 2026 , up from 41 mpg today. million dollars in new car sales in 2021, according to data from the National Automobile Dealer Association. Volkswagen’s ID.4 Volkswagen of America, Inc.

Global 135
article thumbnail

Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

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. More on this below.