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EV tax credit supply chain rules ease, but China restrictions remain

Baua Electric

In a coordinated push through federal agencies, the Biden administration on Friday released a revised set of regulations applying to the EV tax credit that will ultimately make the credit easier to claim for a wider range of vehicles in 2025 and 2026 but no easier for Chinese companies to gain a foothold on the market.

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Your Guide to Electric-Vehicle Charging-Station Tax Credits

EV Connect

And thanks to a variety of tax credits and incentive programs, the barrier to entry may be lower than you think. On the federal, state and local levels, there are a plethora of tax credits for installing electric-vehicle charging stations. Washington state offers tax credits for up to 50% of the costs of equipment and related costs.

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Progress! IRA signed into law

Electric Auto Association

The Inflation Reduction Act (IRA) is a massive climate, health care, and tax bill with the overarching goal of slowing the rise in consumer prices that have been climbing at the fastest pace in approximately 40 years. Most comprehensive climate package in U.S. history affects EV policy. or a country with which the U.S.

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Carvana trends report: Used EVs narrow price gap with ICE cars, triggering sales growth potential

Baua Electric

As a larger selection of EVs makes its way into the used fleet, prices normalize, and tax credits become available, more used car buyers will have the opportunity to access the EV category. Of the 50+ EV models Carvana currently sells in the US, 24% met all criteria to become eligible for the Federal Used Clean Vehicle Credit in Q1 2024.

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US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development

Green Car Congress

Geographical distribution of Clean Cities Recovery Act awards. The US Department of Energy (DOE) has selected 25 cost-share projects under the Clean Cities program that will be funded with nearly $300 million from the American Recovery and Reinvestment Act. Clean Energy Coalition’s CEC Michigan Green Fleets Initiative.

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10 Reasons Your Next Car Should Be an EV

Plug in America

According to an analysis from Environmental Defense Fund, states like Tennessee, Michigan, Ohio, Indiana, Kentucky, Kansas, and North and South Carolina are big winners in manufacturing investment. Since most EVs are only in use a small fraction of each day, they can often charge when energy on the grid is clean, cheap, and abundant.

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Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

The expansion of battery manufacturing facilities in states like Kentucky, Tennessee, Georgia, and Michigan will significantly boost North America’s battery production capacity, increasing from 55 Gigawatt-hours per year in 2021 to nearly 1,000 GWh/year by 2030.

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