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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., ITC Holdings Corp.,

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What’s up with the BMW MINI E?

Plugs and Cars

The BMW Mini E has hit the streets. In June about 500 cars were placed in consumer and fleet hands in Los Angeles and New York and New Jersey for what BMW calls a " field trial." Like all the automakers, BMW dabbled in concept electric cars over the years. They produced a small fleet for the Munich Olympics in 1972.

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Hyundai CEO Jose Muñoz says consumers would pay for a richer combine

Baua Electric

How most likely is it that larger rates of interest will construct customers get started delaying car purchases? You have been very visible ultimate past to your grievance of the Inflation Relief Function and the way it enthusiastic who would get federal EV tax credit, as it disrupted Hyundai’s EV industry plans.

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Which 2024 EVs qualify for the $7,500 EV tax credit?

Baua Electric

The list of electric vehicles qualified for the EV tax credit in calendar year 2024 has been released. Also of note: No Rivian electric truck qualifies for the full $7,500 tax credit amount in 2024, at this time. The credit amount on these models has fallen to $3,750. And as expected, it’s very short.

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

It will also list current tax credits and incentives applicable to EV charging. The Office of Federal Sustainability is inviting State, county and municipal government fleets to join forces with Federal agencies to maximize their collective buying power, and aggregate their EV and charging infrastructure purchases. ChargePoint.

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BMW’s Sebastian Mackensen: BEVs will pressure call for longer term

Baua Electric

Bettering leasing penetration is a concern for BMW sellers. The $7,500 clean commercial vehicle tax credit has] undoubtedly affected the per 30 days hire worth from a client point of view. BMW misplaced its luxurious department crown to a surging Tesla terminating future. How do you develop the leasing industry?

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The EV Transition Explained: How to Meet Sales Targets?

Cars That Think

Toyoda also argues that only selling EV powertrains would not serve Toyota’s customers well in other countries, a similar argument made by automakers BMW , Mazda and VW. Further, once a particular EV model reaches 200,000 in US sales , the EV tax credit is phased out. “I Pablo Di Si There are also income caps.

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