article thumbnail

2023 was a tremendous year for both EVs and Plug In America!

Plug in America

Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. New federal EV tax credits were expanded and updated, and credits for used and commercial EVs became available for the first time in January. Over a million EVs sold in the U.S.

Plug-in 52
article thumbnail

Ford to Invest Additional $450M in Michigan for Hybrid and Plug-in Vehicle Production; Battery System Design and Development to Be In-House Core Competency

Green Car Congress

Ford Motor Company will invest an additional $450 million in its electric vehicle plan, paving the way to build its next-generation hybrid and plug-in hybrid vehicle vehicles in Michigan beginning in 2012. The Michigan Economic Growth Authority board approved a package of incentives and tax credits totaling $188 million.

Michigan 252
article thumbnail

Tesla led in 2023 global EV sales, but BYD outsold it in Q4

Baua Electric

million plug-in hybrids. but its Model 3-rivalling Seal just arrived in Mexico. 7,500 EV tax credit on some of its models, potentially affecting sales in this market. . 7,500 EV tax credit on some of its models, potentially affecting sales in this market. automaker in the fourth quarter.

BYD 52
article thumbnail

More bad buzz for Chevy Blazer EV: software glitches, doors that fly open

Baua Electric

The error was spotted at the San Luis Potosi assembly plant in Mexico, which then sparked a wider investigation, reports The Street. But GM quickly pulled the plug on sales after the first batch of new buyers started complaining about software issues. Still, it’s yet another bump in the road for the new all-electric Chevy Blazer EV.

GM 52
article thumbnail

Rivian informs customers of IRS guidance on EV tax credits

Teslarati

Rivian emailed customers about the Internal Revenue Service’s (IRS) recently released guidance regarding the EV tax credits under the Inflation Reduction Act (IRA) of 2022. Foley & Lardner LLP explained the latest IRS guidance regarding EV tax credits. These qualifications applied as of January 1, 2023.

article thumbnail

Electric vehicles are inflation relief

Electric Auto Association

In addition, EVs have far lower maintenance costs and incentive programs via tax credits, meaning that they are even less expensive to own in the long run. There’s no oil to change, no filters to replace, and no spark plugs or wires to worry about. gallon in April 2021 to $4.21/gallon gallon in April 2022, or 43%.

El Paso 84
article thumbnail

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

LDVs powered by fuels other than gasoline, such as diesel, electricity, or E85, or equipped with hybrid drive trains, such as plug-in hybrid or gasoline hybrid electric, increase modestly from 18% of new sales in 2012 to 22% in 2040. LDV energy consumption declines in AEO2014 Reference case from 16.0 quadrillion Btu in 2012 to 12.1

Oil 290