Remove Batteries Remove GM Remove PHEV Remove Tax
article thumbnail

Ioniq 6 range, Mazda PHEV, GM battery flexibility, EV tax credit price caps: The Week in Reverse

Green Car Reports

Which automaker promised “radically simplified” future EVs with smaller batteries? And which one doesn’t see 300-mile EVs as the future? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending February 3, 2023.

article thumbnail

Outlander PHEV specs, union-made EV tax credit, Hummer EV accessories, Today’s Car News

Green Car Reports

GM is betting on a lot of accessories for GMC Hummer EV buyers. The Biden administration is still banking on a union bonus for the EV tax credit. And Mitsubishi puts a big battery in its upcoming second-generation Outlander Plug-In Hybrid. This and more, here at Green Car Reports.

article thumbnail

Here are all the used EVs that qualify for a $4,000 tax credit

Baua Electric

January 1, 2023, kicked off a fresh start of new tax credits for vehicles, both new and used. Since then, much of the dust has settled on the Capitol as it continues to implement qualifying terms for tax credits , continuously shifting what used EVs do and do not qualify. Here’s the latest list. Here’s how it works.

article thumbnail

Zero EVs May Qualify For the Federal Tax Credit Under the Inflation Reduction Act Requirements

EV Adoption

Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV tax credit requirements. Battery Material and Component Requirements Cannot Be Met in the Near Term. Joe Manchin, via the Wall Street Journal. Joe Manchin, via the Wall Street Journal.

article thumbnail

Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable. More on this below.

article thumbnail

Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). What is less clear is how Tesla and GM will handle leases.

article thumbnail

Impact of Proposed Changes to the Federal EV Tax Credit – Part 1: Summary Chart

EV Adoption

A key component of the CEAA is nine proposed changes to the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) — more commonly known as the “federal EV tax credit.”. I’ve written extensively on the tax credit and especially its many flaws, ineffectiveness, and areas in the regulations that desperately need fixing.