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Inflation Reduction Act mandates escalating battery critical mineral requirements to qualify for EV tax credit

Green Car Congress

The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.

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EIA: California home to almost half of US plug-in electric vehicles

Green Car Congress

These incentives are in addition to a federal (nationwide) tax credit, which ranges from $2,500 to $7,500 depending on battery capacity and gross vehicle weight. sales and use tax. However, the incentive does not apply to the purchase of PHEVs. Washington has exempted EVs from the state''s 6.5%

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Cadillac ELR EREV goes on sale in January, starting price $75,995

Green Car Congress

Upon IRS certification of an anticipated federal tax credit, purchasers may be eligible for a tax credit from $0 to $7,500 depending on individual tax liability. Net pricing after tax credits could be as low as $68,495, including $995 destination. Official EPA estimates are not yet available.

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President Obama Awards $2.3B for Tax Credits for New Clean-Tech Manufacturing Jobs; GE Gets Largest Battery-related Award

Green Car Congress

billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. Aeroenvironment plans to purchase equipment for manufacturing 25 kWh LiTiO advanced battery packs and battery management systems. President Obama announced the award of $2.3 Aerovironment, Inc.

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Electrification Coalition Roadmap Calls for 75% of Light-Duty Vehicle Miles Traveled in the US to Be Electric by 2040

Green Car Congress

The Electrification Roadmap calls for 75% of light-duty VMT in the US to be electric by 2040. Achieving this will require a minimum of 25% of new light-duty vehicles purchased in the US to be grid-enabled vehicles (GEV) by 2020. As a result, oil consumption in the light-duty fleet would be reduced to just 2.0

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Nissan cuts entry-level MSRP for 2013 LEAF by 18% to $28,800

Green Car Congress

Depending on location, some consumers may purchase the 2013 LEAF for as low as $18,800 with qualifying federal and state tax credits, putting the LEAF on par with gas-powered vehicles of its size. Eligible consumers can take advantage of a $7,500 federal tax credit, and some states and municipalities offer additional incentives.

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New propaganda video on electric-car tax credits: time to debunk!

Green Car Reports

federal income-tax credit for purchase of an electric car has seen its share of attacks over the years. Now a new video seeks to twist the facts to paint those subsidies in a bad light.