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Senate Finance Committee Approves $12,500 EV Tax Credit Bill

The Truth About Cars

On Wednesday, the Senate Finance Committee advanced the Clean Energy for America Act making a few tweaks from earlier proposals. Changes include raising the federal EV tax rebate ceiling to $12,500 and opening the door for automakers who already exhausted their production quotas.

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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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Electric Vehicle Spotlight: Financing a Chevrolet Bolt EUV

EV Life

General Motors was one of the original pioneers of electric cars, introducing the EV1 in 1996 and the game-changing Volt in 2010. Available Chevrolet Bolt EUV Trims At a Glance Chevrolet Bolt EUV Version Price Range Top Speed 0-60 mph EV Tax Credit State/Local Incentives Bolt EUV LT $27,795 247 miles 90 mph 6.8

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2024 Hyundai Ioniq 6 undercuts Tesla Model 3 by more than $9,000

Baua Electric

A dealer bulletin shows that all versions of the 2024 Ioniq 6 are eligible for $7,500 in “retail bonus cash”—a rebate that can essentially be applied only to purchases, and not with Hyundai’s current low-interest financing, CarsDirect notes. and starts at $40,380 including destination.

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What Does GM’s “30 New EVs By 2025” Promise Mean for the US Market?

EV Adoption

In particular, we often see production delays and reduced volumes from what the market was initially led to believe and what may often be well below actual consumer demand. GM Stock Chart: Yahoo Finance. That phrase is a business principle that leaders of customer-centric companies live by. in the last 12 months and 223.9%

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Tesla supplier sheds light on graphite supply challenge for EV battery manufacturers [Editorial]

Teslarati

Only a handful of countries mine graphite and even fewer refine the mineral enough to be used in batteries and other products. Experts observing the graphite market expect graphite supply to hit a deficit as EV battery makers increase production. Tesla 4680 production tripled in Q3 2022, cell ramp is “gaining rapid traction”.

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Honda May Develop Plug-In as Obama Alters U.S. Policy (Update2) - Bloomberg.com

Tony Karrer Delicious EVdriven

General Motors Corp., Toyota Motor Corp. and startups Tesla Motors Inc. Tax Credits Instead, Obama backed tax credits of as much as $7,500 inthe stimulus package approved in February for buyers of plug-incars. customers $600 a month to lease.Honda hasn’t revealed its production price.

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