article thumbnail

Toyota’s tax credit advantage over competitors like Tesla disappears

Teslarati

The road ahead for Toyota as it starts competing seriously in the all-electric market just got a lot tougher. As recently corroborated by the veteran Japanese carmaker, it has already crossed the 200,000-unit cap for the United States’ $7,500 tax credit for hybrid and all-electric vehicles.

article thumbnail

Japan, South Korean leaders push for US EV tax credit rule changes

Electrek

South Korean officials and leaders from Japan are expressing concerns over the new US EV tax credit requirements that kick in at the end of the year. Will they get their way, paving the way for automakers like Toyota , Hyundai , and Kia electric vehicles to qualify?

article thumbnail

These 5 Plugin Vehicle Models Would Benefit Most From Proposed US EV Tax Credit Update (Chart)

CleanTechnica EVs

As we reported recently, there’s a big cleantech bill moving through the US Congress that would revive, extend, and expand the zero-emission vehicle tax credit in various ways.

article thumbnail

Hyundai Ioniq 6 deal, affordable Honda and Toyota EVs, Civic and Elantra hybrids: The Week in Reverse

Baua Electric

The 2024 Hyundai Elantra Hybrid gets a price hike—and more of a price bump versus non-hybrid Elantra models, although the Elantra Hybrid does now get the larger 10.3-inch The 2024 Hyundai Elantra Hybrid gets a price hike—and more of a price bump versus non-hybrid Elantra models, although the Elantra Hybrid does now get the larger 10.3-inch

article thumbnail

Hyundai and Ford’s EV registrations outpace the competition in March

Baua Electric

in March as several automakers, including Hyundai and Ford, saw electric car sales surge. Hyundai and Ford see EV registrations surge Hyundai and Ford strengthened their positions in March as EV registrations accelerated. Hyundai is one automaker that remains fully committed to selling EVs in the US, and it’s paying off.

Hyundai 52
article thumbnail

Hyundai Ioniq 6 reveal, Cadillac Lyriq review, Toyota EV tax credit sunset: The Week in Reverse

Green Car Reports

Why are EVs as a group so trouble-prone, according to a respected study? What might the Supreme Court’s EPA ruling mean for the carbon footprint of your EV? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending July 2, 2022. We brought you a first review of the 2023 Cadillac Lyriq, and.

article thumbnail

LG Energy Solution reports steady increase in profit for FY 2023 

Teslarati

This positive trend was partially fueled by tax credits from the U.S. billion KRW from the IRA tax credit, which grew 16% from the previous quarter due to a solid performance from LGES factories in the United States. Excluding the tax credit: Operating profit would be KRW 88.1 from the same period last year.