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GM expects Chevrolet Silverado EV to get full $7,500 tax credit

Teslarati

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. If it does, the Silverado EV will qualify for the IRA’s full $7,500 EV tax credit. The Hummer pickup truck and SUV have price tags above the $80,000 cap. The Teslarati team would appreciate hearing from you.

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Volkswagen’s $40k Scout SUV mule debut slated for Q3 2024

Teslarati

Scout CEO Scott Keogh recently shared that the first all-electric Scout SUV mules are expected to debut by the third quarter of 2024. Volkswagen plans for Scout to release an SUV and a pickup truck in the United States to penetrate the market. Scout’s $40,000 SUV will be built in a new factory in South Carolina.

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Honda joins EV race with historic $11B investment to build 240K EVs a year

Baua Electric

Honda is finally joining the EV race after announcing a massive $11 billion (CAD$15 billion) investment to build four new EV plants in Canada. The historic investment will be used to build Canada’s first EV supply chain, enabling 240,000 Honda EVs to be made for the US and Canada annually. Production is expected to begin in 2028.

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Report: Toyota To Build Subaru Three-Row EV in Kentucky

The Truth About Cars

The brotherly love is expected to continue with a new three-row SUV in 2025. Toyota will build the vehicle in its Kentucky factory, where its own electric three-row will be produced. Toyota’s variant is expected to wear the bZ5X name, and the automaker will start building the Subaru version shortly after its own.

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Ineos Starts Building the Quartermaster Pickup

The Truth About Cars

Ineos is one of the most unique automakers to hit the market in years, focusing only on building old-school, gas-powered off-road vehicles with more rugged capability than luxury and style. The company’s first vehicle is the Grenadier, an SUV that recently went on sale in several countries. Preorders for the U.S.

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Lunaz to begin production of electric classic Range Rovers; prices begin at £245,000 excluding local taxes

Green Car Congress

The company, based in Silverstone, England will create an initial run of 50 of the luxury SUVs built in the ‘classic era’ between 1970 and 1994. Prices for classic electric Range Rovers by Lunaz start at £245,000 (US$329,000) excluding local taxes. The first electric roofless SUV has already been allocated to a European customer.

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Is A Tax On Electricity (kWh) Consumed The Best Way to Supplement the Fuel Tax for Electric Vehicles?

EV Adoption

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fuel tax.