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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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IRS seeks feedback on clean hydrogen production tax credit

Green Car Congress

The US Department of the Treasury and the Internal Revenue Service (IRS) have released three notices requesting public input on several tax credit provisions in the Inflation Reduction Act (IRA). These include: Credits for Clean Hydrogen Production (45V) and Clean Fuel Production (45Z) ( Notice 2022-58 ).

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Alfa Romeo starts production of its first plug-in hybrid; Tonale offers 30 miles electric range

Green Car Congress

Alfa Romeo started retail production for the all-new 2024 Tonale PHEV. Alfa Romeo’s first plug-in hybrid is built at the Giambattista Vico Stellantis plant in Pomigliano d’Arco, Naples, Italy, one of the company’s most advanced production sites. Earlier post.) The Tonale PHEV will begin arriving at dealers in June. The additional 1.3-liter

Plug-in 435
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LAND begins production of E Moto; user-selectable e-bicycle, e-moped, e-motorcycle modes

Green Car Congress

LAND , a startup electric vehicle manufacturer headquartered in Cleveland, began US production on 120 units of the District E Moto this month. We are excited to be entering US production and look forward to shipping our first orders. The District is on sale now, starting at $7020 after a 10% EV tax credit, with financing available.

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US-built 2025 Kia EV9 qualifies for $3,750 EV tax credit

Green Car Reports

production of the Kia EV9 is being cut back 2025 EV9s assembled in the U.S. qualify for $3,750 of the federal EV tax credit The 2025 Kia EV9 costs $56,225 Kia is cutting back U.S. production of the EV9 electric SUV, but 2025 models that are assembled here will qualify for a $3,750 federal EV tax credit, reports The Korea Herald.

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Hyundai, Kia confirm first US-made EVs: $7,500 tax credit eligible?

Green Car Reports

production, while the automaker's Kia brand began U.S. EV production that same day. But neither brand is discussing eligibility for the $7,500 federal tax credit quite yet. Hyundai on Friday confirmed its first EV for U.S.

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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 have secured a global supply chain and manufacturing capacity that will result in projected production of more than 1 million vehicles between 2022 and 2027.