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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.

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Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. That also means a bunch of foreign-made vehicles no longer qualify.

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FCA calculates operational GWP impact of 2017 Chrysler Pacifica Hybrid as 31% less than previous-generation minivan

Green Car Congress

The 2017 Chrysler Pacifica Hybrid plug-in hybrid ( earlier post ) has an operational global warming impact 31% less than that of the previous-generation, gasoline-powered Chrysler minivan, according to an analysis by FCA US engineers using industry-standard software. No minivan has ever been rated higher.

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Polaris to buy Global Electric Motorcars LLC (GEM) from Chrysler

Green Car Congress

based subsidiary of Chrysler Group LLC. GEM cars are eligible for incentives and tax credits from clean-air districts and other governmental agencies. The agreement to acquire GEM will officially close within the next 60 days once Polaris secures the required state sales certifications to sell GEM products.

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Michigan Awards $543.5M in Tax Credits to Four Battery Makers, Who Announce Plans for $1.7B Investment in Li-ion Battery Plants in Michigan

Green Car Congress

million in tax credits to four battery companies announcing plans to invest more than $1.7 The four companies receiving the tax credits and announcing plant plans are Johnson Controls-Saft Advanced Power Solutions LLC; KD Advanced Battery Group LLC; A123Systems Inc.; and LG Chem-Compact Power Inc. A123Systems Inc.

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The Best Electric SUVs on the Market

EV Life

The Model Y qualifies for the full $7,500 federal EV tax credit. At the moment, the Mach-E only qualifies for half of the federal EV tax credit, providing eligible drivers a credit of up to $3,750. The Chevy Bolt EUV also qualifies for the full $7,500 federal EV tax credit. The other upside?

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US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Green Car Congress

Production capacity must be established, and technology, vehicle cost and infrastructure barriers must be addressed to achieve large-scale market introduction. This report provides a progress update toward achieving the goal: The status of vehicle sales and future production volume estimates. Production capacity. Earlier post.).

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