Remove Light Remove Tax Remove Tax Credit
article thumbnail

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.

article thumbnail

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

Green Car Congress

Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. 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. Electric vehicles per 1,000 vehicles.

Plug-in 381
article thumbnail

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. President Obama announced the award of $2.3 The 183 projects in 43 states include several for the manufacturing of advanced batteries; biomass projects; and vehicles.

article thumbnail

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

Green Car Congress

The 2014 ELR has a starting price of $75,995, including a $995 destination charge but excluding tax, title, license and dealer fees. Base price of a 60 kWh Tesla Model S—without Federal tax incentive, but with destination fee—is $71,070.) Net pricing after tax credits could be as low as $68,495, including $995 destination.

Cadillac 353
article thumbnail

ALTe LLC Approved to Receive an $8.4M MEDC Tax Credit for Electric Powertrain Development, New Facility in Auburn Hills

Green Car Congress

Michigan-based electric powertrain company ALTe LLC ( earlier post ) was approved to receive a tax credit valued at $8.4 ALTe is developing light- and medium-duty series plug-in hybrid electric vehicle powertrain systems—initially as conversions, but ultimately extending to an OEM basis.

article thumbnail

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.

2013 360
article thumbnail

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 Click to enlarge.

Light 231