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UMTRI study finds US and China could turnover more than 90% of LDV fleet to alternative powertrains by 2050 under very aggressive penetration scenarios

Green Car Congress

In their study, they used three different alternative powertrain/fuel models: less aggressive, moderately aggressive and very aggressive, applied across four developed economies (United States, Western Europe, Japan, and South Korea) and four developing economies (Brazil, Russia, India, and China). South Korea.

Fleet 218
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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

To date, two manufacturers — Tesla and General Motors — saw the tax credit phaseout completely. The credit is not available for Tesla vehicles acquired after December 31, 2019 and General Motors EV purchased after March 31, 2020. Effective Date: Jan 1, 2022. 3,500 Bonus Credit for Minimum 50 kWh Battery (2027).