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Toyota just started its BEV program, but it wasted all its tax credits on hybrids

Electrek

Toyota has sold its 200,000th plug-in car in the US, meaning its access to the $7,500 federal tax credit will sunset over the course of the next 15 months. The company joins Tesla and GM in no longer qualifying for credits, with Ford and Nissan also expected to hit the limit later this year.

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GM EVs at Hertz, Sorento Hybrid price hike, taxing the wealthy for EV infrastructure: The Week in Reverse

Green Car Reports

The 2023 Kia Sorento Hybrid gets a price hike of roughly $2,000. What is Volvo calling the fully electric counterpoint to its XC90 SUV? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending September 23, 2022.

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GM CFO estimates variable EV profitability in second half of 2024

Teslarati

General Motors (GM) may not be catching up to electric vehicle leaders like Tesla anytime soon, but CFO Paul Jacobson has noted that the automaker’s EV business is still on the right path. ” GM’s electric vehicle efforts were hampered somewhat in 2023, with a company spokesperson noting that the automaker would have $1.7

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BMW i5 review, GM EV home backup, VW chooses NACS, free fast charging: The Week in Reverse

Green Car Reports

Which EV models are losing their tax-credit eligibility in 2024? Which new Toyota plug-in hybrid is claimed to go 55 electric miles in its home-market version? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending December 22, 2023.

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Lexus PHEV review, GM EV delay, EV6 price cut, Toyota and Nissan concepts: The Week In Reverse

Green Car Reports

Which long-running EV nameplate reclaimed eligibility for the EV tax credit? The 2024 Lexus TX 550h+ plug-in hybrid is the best version of. Which automakers this week announced a shift to the Tesla-based NACS charge port?

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Hyundai to add hybrids at EV-only plant as rising demand throws a curveball

Baua Electric

Following similar announcements from rivals, Hyundai is adding more hybrids to its lineup as a bridge to its next-gen EVs. Hyundai will add hybrid production lines at its dedicated EV plant in Georgia as demand rises. Meanwhile, hybrids accounted for a larger portion of sales in Korea (21% vs. 14.7%), the US (10.9% vs. 15.9%).

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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. It won’t solve the problem.