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Tesla Semi will be incredibly affordable with US’ revamped EV tax credit

Teslarati

With the Schumer-Manchin reconciliation bill or the Inflation Reduction Act of 2022 , vehicles like the Tesla Semi will have more than a fighting chance in the market. The bill allocates $369 billion for programs that help fight climate change and preserve the environment, and it also includes a number of revamped EV tax credits.

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Lordstown Motors cuts 2021 production estimate for electric pickup to at best 50% of prior expectations

Green Car Congress

In its report of first quarter 2021 financial results and outlook, Lordstown Motors, a startup developing electric light duty trucks focused on the commercial fleet market ( earlier post ), said that the expected production of its Endurance full-size electric pickup in 2021 will be limited—at best 50% of prior expectations.

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ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

Green Car Congress

But these policies have not yet succeeded in bringing substantial volumes of new advanced biofuels to market. The Renewable Fuel Standard (RFS2) in the U.S. indicating greater volatility than the stock market as a whole. Harmonizing definitions of eligible pathways between this tax credit and the RFS2.

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Electric Vehicle Spotlight: Financing a Volkswagen ID.4

EV Life

4 to its plant in Chattanooga, Tennessee, which allowed the popular SUV to join the ranks of EVs that qualify for the $7,500 federal tax credit. Volkswagen also added an entry-level standard trim with a more attractive base price to its lineup, further expanding the ID.4’s Despite that, the Standard is still impressive.

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Lucid Motors to further localize supply chain under materials agreement with Graphite One

Baua Electric

While several variants of the Air are considered out of the budget for many American consumers, Lucid has a long term plan in place to deliver additional options that are more affordable but still up to its high performance standards. The company expects to generate revenue by 2027. The company expects to generate revenue by 2027.

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Putting the “Utility” in Sport Utility Vehicle: Which Electric SUVs Perform Best Off-Road?

EV Life

The second reason EV crossovers are so popular with automakers is the vehicle classification standards put forth by the Treasury Department to determine whether a vehicle is a car, SUV, truck, or van. If a vehicle qualifies as a car, the MSRP limit is $55,000 to be eligible for the tax credit. Where Are All the True SUVs?

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Electric Vehicle Spotlight: Financing Chevrolet Equinox EV

EV Life

Release Date: Fall 2023 Starting Price: $30,000 Chevrolet has become a pioneer in the electric vehicle market. They also come standard with a heated flat-bottom steering wheel and the option to upgrade to Equinox’s stylish Adrenaline Red interior. Incentive Programs the Chevrolet Equinox is Eligible For Federal Tax Credit.