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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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Lucid Motors unveils Lucid Air luxury electric sedan

Green Car Congress

Lucid Motors unveiled the Lucid Air battery-electric luxury sedan, which will start at less than US$80,000. With up to 1,080 horsepower available in a dual-motor, all-wheel-drive architecture, the Lucid Air is able to achieve quarter-mile times as quick as 9.9 seconds on a consistent, repeatable basis.

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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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EPA: Tesla Cybertruck qualifies for the $7,500 EV tax credit

Green Car Reports

EPA confirmed that some versions of the Tesla Cybertruck will qualify for the EV tax credit—at least for those models delivered in 2023. As revealed just over a week ago, the Tesla Cybertruck will arrive in $79,990 All-Wheel Drive (dual-motor) form, with a $99,990 Cyberbeast (tri-motor) performance model.

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Fisker Ocean electric SUV starts at $37,499, pre-tax credit; leases for $379/mo

Green Car Congress

After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). We look forward to sharing even more details at the Geneva Motor Show 2020—including our fully-engineered platform and more technical specifications. —Henrik Fisker, chairman and CEO – Fisker Inc.

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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.

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