article thumbnail

President Biden signs Inflation Reduction Act, cut EV tax incentives

Teslarati

According to manufacturers, roughly 70% of electric, PHEV, and fuel cell electric vehicles are no longer eligible for incentives. Even many of the more affordable EV offerings will no longer be eligible, including the Hyundai Kona EV, Kia Niro EV, Polestar 2, or the internationally-produced Volkswagon ID.4s.

Tax 98
article thumbnail

Suzuki to end hybrid development with GM

All Cars Electric

The ramifications of these equity shifts is that GM will be replaced by Volkswagon as the source of Suzuki's alternative fuel / propulsion technologies. Last month, Volkswagen increased its stake in Suzuki to 19.9%, while General Motors relinquished their last remaining shares in the company.

Suzuki 40
article thumbnail

The Best Electric SUVs on the Market

EV Life

The other factor keeping some drivers from making the switch to electric SUVs, despite the long-term savings on fuel, is the initial sticker price. 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. What are the Cheapest Electric SUVs on the Market?

SUV 52
article thumbnail

Super Charge It

Plug In Partners

The development of high-powered, long-lasting, rapid-charge battery cells offers the automotive industry a simple and extremely efficient alternative to Hydrogen fuel cell vehicles, whose competitive advantage thus far lies in their ability to refuel in a similar manner to petrol-powered cars. Join Plug in Partners today.

Charging 100