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Feds: 90% of eligible EV purchases get tax credit at point of sale

Baua Electric

The majority of EV purchasers eligible for a federal tax credit have gotten the credit as a point-of-sale rebate since that option was added at the beginning of the year, The Treasury Department said in a press release. Point-of-sale rebates aren’t limited to franchised dealerships, either.

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Tesla starts applying EV tax credit at time of purchase

Baua Electric

Fewer Tesla EVs now qualify for the $7,500 federal EV tax credit, but for those that do, Tesla is now applying the credit at the time of purchase. The automaker’s website now says that eligible buyers will have the full $7,500 credit applied when they purchase their vehicles. 1 , which could make a big difference in EV sales.

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California passes 1M mark for cumulative sales of electric vehicles: BEVs, PHEVs and FCEVs

Green Car Congress

of total California auto sales in 2021. The CEC updates its Zero Emission Vehicles (ZEV) sales figures quarterly by analyzing DMV data. Specifically, cumulative sales through the end of 2021 were: 663,014 BEV (62.9%). For sales in 2021 only, the shares were: 183,933 BEV (73.5%). From CEC New ZEV Sales dashboard.

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Auto Alliance pushing for passage of Maryland SB 1234 that would require state purchase of ZEVs; 50% of LDVs by 2026

Green Car Congress

The Alliance of Automobile Manufacturers (Auto Alliance) is strongly supporting the passage of Maryland’s SB 1234 , a bill that would require the State of Maryland to purchase zero emission vehicles (ZEVs) for state fleets. The bill also includes a reporting requirement for State agencies that purchase vehicles.

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UK broker team Lookers to be purchased via International Auto Holdings

Baua Electric

International Auto Holdings plans to shop for British automotive dealership chain Lookers for approximately 465 million kilos ($595 million) in money. Lookers is Europe’s fifth-largest auto retail team, in keeping with Car Information Europe’ s Information to Europe’s Largest Sellers.

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Polestar 3 is already on sale with a massive $7,500 purchase incentive

Baua Electric

Ahead of its debut, Polestar is already offering a massive $7,500 purchase incentive on the new electric SUV. Polestar partnered with Google to power the infotainment with Android Auto OS. However, it’s unclear whether the Polestar 3 will gain up to $15,000 in purchase incentives with the EV tax credit.

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Ipsos Auto Global Study: interest in battery electric vehicles growing in the US

Green Car Congress

Increasing future sales for BEVs will rely on companies improving awareness of their product. The auto industry has seen this need to improve familiarity in the past, with some advanced driver assist features such as ACC and even autonomous driving. However, what drives someone to make the purchase is beyond these benefits.

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