article thumbnail

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.,

article thumbnail

Ram hydrogen fuel-cell truck, BMW EV batteries, rural charging: Today’s Car News

Baua Electric

EV battery production for BMW is setting up south of the border. BMW has started building a battery plant in Mexico that will provide more energy-dense cylindrical cells for longer range and faster charging in next-generation Neue Klasse EVs. Ram aims to scale up its hydrogen fuel-cell muscle. This and more, here at Green Car Reports.

BMW 52
article thumbnail

BMW EV sales skyrocket in 2022, spur further growth in 2023

Teslarati

According to BMW 2022 sales data, the premium German automaker more than doubled its EV sales during the year compared to 2021. BMW has received significant criticism for falling behind in the electrification of its lineup, and its German stock offering has suffered the consequences. While BMW Group sales were down by 4.8%

BMW 98
article thumbnail

BMW previews future electric SUV with faster charging, more range

Baua Electric

BMW continues to preview its next-generation EVs with a new concept car, while also providing a bit more detail on some of the engineering for these new models, which are due to start production next year. The BMW Vision Neue Klasse X is an electric SUV that forecasts a model due to start production in Debrecen, Hungary, in 2025.

BMW 52
article thumbnail

BMW previews future electric SUV with faster charging, more range

Baua Electric

BMW continues to preview its next-generation EVs with a new concept car, while also providing a bit more detail on some of the engineering for these new models, which are due to start production next year. The BMW Vision Neue Klasse X is an electric SUV that forecasts a model due to start production in Debrecen, Hungary, in 2025.

BMW 52
article thumbnail

Confused about the federal tax credit? 

Electric Auto Association

Know which EVs are eligible Chrysler Pacifica Plug-in Hybrid The Inflation Reduction Act of 2022 changed the rules for the US tax credit for electric vehicles (EV) purchased from 2023 to 2032.

article thumbnail

81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. What are the New Changes to the Federal Tax Credit?