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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. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. What are the New Changes to the Federal Tax Credit?

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Study finds that increased vehicle travel and decreased occupancy have undercut the impact of improving fuel economy over last 40 years

Green Car Congress

persons), the occupant distance travelled increased by 84% (from 3.182 to 5.867 trillion km). The study includes a brief discussion on the effects of potential future changes in vehicle fuel economy, vehicle distance travelled, and vehicle load on the amount of fuel used for personal transportation. mpg US, or from 18.1

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This $1b EV nickel plant will be North America’s largest

Baua Electric

We’re going to see nickel demand double or triple over the next 10 years as we gear up battery production here in North America,” Mark Selby, chief executive of Canada Nickel, told CBC News in an interview. Volkswagen just and its battery company PowerCo are building a gigafactory for cell manufacturing in St.

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GM restructuring; changing product development, production; 5 NA & 2 international plants shutting next year; staff reduction

Green Car Congress

General Motors on Monday outlined a series of major restructuring steps that it said would accelerate its transformation for the future, building on the strategy it laid out in 2015 to strengthen its core business, to capitalize on the future of personal mobility and to drive significant cost efficiencies. billion to $3.8

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Stellantis EV battery plant building resumes then monetary trade in with executive

Baua Electric

MORE SUBSIDIES NextStar sought after extra executive aid then the US introduced in August 2022 pristine manufacturing tax credit for EV battery makers as a part of the IRA. regulation, battery makers get a tax credit score of U.S. $35 billion in incentives to create its personal EV battery plant in St. Below phrases of that U.S.

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Hyundai Offering Free Chargers to EV Buyers, Swelling Industry Incentives

The Truth About Cars

While the ChargePoint device is framed as being free, it does require the purchase of a new automobile through the automaker’s captive finance arm Hyundai Capital America. That makes the $33,550 (before any federal tax credits or state incentives) Kona Electric the most affordable way to take advantage of the deal.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

Meanwhile, according to an AlixPartners survey of 1,000 Americans regarding their views of the US economy and their personal economic situations, 83% said they had delayed or planned to wait at least a year to buy a vehicle. The study also finds that the bulk of future sales growth globally has likely permanently switched to emerging markets.