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Biden Administration mulls over reprieve from EV tax credits for automakers

Teslarati

One of the biggest concerns about the IRA’s requirements for EV tax credit eligibly regards battery packs, cells, and the materials used to manufacture them. In March, the United States Department of Treasury published the battery sourcing guidance, which automakers must comply with to reap the tax credits from the IRA.

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Fisker scraps direct sales and turns to auto dealers for sales

Teslarati

The startup is now turning to auto dealerships for sales and services. We decided we would rather give that money to a dealer so that we could expand faster,” said Henrik Fisker, the CEO, President, and Chairman of the EV startup. The company also shared its intention to expand retail operations in North America and Europe.

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REE begins customer deliveries of electric truck – Charged EVs

Baua Electric

REE has initiated customer deliveries of the first batch of P7-C demonstration trucks for multiple fleet evaluations in North America via its dealer network. US dealer Pritchard EV is the first to receive the P7-C demonstration truck for a road show with its large fleet customers.

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Jeep adds new Willys 4xe to PHEV lineup

Green Car Congress

At the 2022 Detroit Auto Show, Jepp introduced the new heritage-inspired 2023 Jeep Wrangler Willys 4xe to Wrangler 4xe electrified lineup. 1 4WD low range ratio, heavy-duty Dana 44 axles and a new entry price point to the 2023 model year Wrangler 4xe lineup, which continues to be the best-selling plug-in hybrid in America.

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Lease Buyout Offers Loophole to EV Incentive Restrictions

EV Life

The most significant incentive, outlined in the Inflation Reduction Act of 2022 , comes in the form of a $7,500 tax credit for eligible drivers and vehicles. As with most government incentive programs, there are a lot of rules and restrictions regarding who qualifies for the credit. However, there’s a catch.

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Hyundai sold nearly 269,000 electric vehicles last year as IONIQ 5 and 6 spark growth

Baua Electric

The company saw solid sales growth across key markets, including North America, Europe, and India. Meanwhile, Hyundai said it expects the global auto market to continue growing in the future as the shift to electric heats up. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit.

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Fisker Q4 report: ‘Substantial doubt’ it can continue, seeks investment from ‘large automaker’

Baua Electric

Fisker previously relayed that over 250 dealer partners in North America have expressed interest, but only 13 have actually signed agreements. Fisker also stated the potential deal could include North American manufacturing, teeing up the potential for Federal tax credits for consumers.

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