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Senate moves forward with EV tax credit reform, Tesla (TSLA) to be included back and more

Electrek

The US Senate is going to move forward with a sweeping new bill after Senator Joe Manchin finally accepted to include investments to curb climate change. The post Senate moves forward with EV tax credit reform, Tesla (TSLA) to be included back and more appeared first on Electrek.

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GM Q4 sales: Ultium grows, Bolt ends best year ever as GM has 3.1% EV share

Baua Electric

2023 Chevy Bolt EUV (Source: Chevrolet) GM has released its Q4 sales numbers , showing Ultium still ramping steadily, but overall EV sales are down as its best-selling model, the Bolt, winds down as Chevy takes it off the market in its best year of sales ever – leaving GM with only 3.1% EV share, well below the US average.

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Volvo To Go All Electric By 2030 – EV Week in Review: Feb 23-Mar 1

EV Adoption

This past week was certainly quite a whirlwind of EV news and developments from Volvo’s plans to end production of ICE vehicles by 2030, yet another proposal to reform the federal EV tax credit, chip shortages, Washington state’s plans to ban ICE vehicles by 2030, Lucid Air delay, Fisker to partner with Foxconn, and much, much more.

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The EV Transition Explained: How to Meet Sales Targets?

Cars That Think

GM, too, is in favor of an accelerated EV mandate, believing this gives the automaker a commercial advantage over its rivals. GM wants the US Environmental Protection Administration (EPA) to make the Administration’s aspirational 50 percent EV sales goal by 2030 a national mandate instead. for obvious reasons.

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Solving the Electric Vehicle Charging Conundrum

Cars That Think

There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. It doesn't cover the whole thing, but you do get a chunk of it back as a tax credit. And the issue here is that you get a federal income tax credit. So that's what it takes.

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Solving the Electric Vehicle Charging Conundrum

Cars That Think

There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. It doesn't cover the whole thing, but you do get a chunk of it back as a tax credit. And the issue here is that you get a federal income tax credit. So that's what it takes.

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President Biden’s climate plan, potential EV updates expected to be announced Thursday

Teslarati

The plan will be set forward by monumental changes in the United States’ infrastructure, including transportation and energy, which have long been dominated by oil, coal, and other fossil fuels. The amount of the credit has been speculated heavily, but it seems it will be somewhere between $7,000 and $10,000.

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