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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp., ITC Holdings Corp.,

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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. In the US, the Fisker Ocean starts at $37,499 in the base Sport.

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Pyka awarded $7M California tax credit to expand manufacturing of zero-emission autonomous aircraft

Green Car Congress

Pyka, a developer of autonomous electric aviation technology, was awarded a $7-million California Competes Tax Credit with the California Governor’s Office of Business and Economic Development (GO-Biz), approved last week by the California Competes Tax Credit Committee.

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Lucid Motors pricing base Lucid Air luxury EV at $52,500 after Fed tax credits; fully loaded above $100K

Green Car Congress

Lucid Motors, a Silicon Valley-based electric vehicle company, announced that the base version of its first vehicle, the Lucid Air luxury sedan ( earlier post ), will have a starting price of $52,500 after federal tax credits. Up to 1,000-horsepower twin-motor configuration, with all-wheel drive. Aluminum roof.

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Chevrolet lowers price on 2023 Bolt EV by $5,900, on Bolt EUV by $6,300

Green Car Congress

Chevrolet EVs are not eligible for the $7,500 US federal tax credit. The basic specifications are the same, with a 65+ kWh battery pack, DC Fast Charging as standard, a single motor and gearset with 150 kW permanent magnet drive motor. 2023 Bolt EV. 2023 Chevrolet Bolt EUV Redline Edition.

Chevrolet 435
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Rivian introduces two quad-motor, AWD “Electric Adventure Vehicles”

Green Car Congress

The Rivian vehicles feature up to 400+ miles in electric range, a wading depth of 1 meter, lockable storage bins that can fit the bulkiest of gear, and the performance and precise control of quad-motor AWD. R1T pricing starts at $61,500 after Federal Tax credit. R1S pricing starts at $65,000 after Federal Tax credit.

Motor 300
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Apple car, Lexus motor tech, hydrogen fuel-cell tax credit: Today's Car News

Green Car Reports

Lexus detailed new motor technology. The federal tax credit for hydrogen fuel-cell vehicles was extended. Apple's reportedly working on an electric car. This and more, here at Green Car Reports. Apple is reportedly planning to launch an electric car with game-changing battery technology, Reuters reported on Monday.