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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.

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Tesla confirms new Model 3 Performance configuration is coming

Teslarati

It was the most expensive of the three Model 3 offerings, but it still qualified for the EV Tax Credit. In October, the Parts Catalog showed Tesla was potentially working on a Plaid version of the Model 3. Early in 2024, Tesla removed the Performance configuration from the Model 3’s list of available trims.

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Hyundai is launching an electric van as its first export model based on its new EV platform

Baua Electric

The deal is part of a broader partnership established in March 2022. The architecture features Hyundai’s latest tech for next-gen EVs, including a low-floor design, making loading and unloading cargo easier. The Iveco-badged electric van will be Hyundai’s first export to use its new EV platform.

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How EV adoption is soaring in unlikely circumstances, and what could make it better

Teslarati

Price Parity and the EV Tax Credit. Luckily, consumers can take advantage of the Inflation Reduction Act, which will provide EV buyers with tax credits based on where their vehicle was manufactured and whether the car equips a U.S.-manufactured Automakers are pushing to produce battery packs and other parts in the U.S.,

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Biden rumored to announce quadrupling of tariffs on Chinese EVs, up to 100%

Baua Electric

But with these increased tariffs, that makes it a little less likely that US consumers will gain access to these cheap, high-tech Chinese EVs. The Inflation Reduction Act which updated the US EV tax credit included protectionist measures to disallow Chinese-sourced EVs from taking advantage of the credit.

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Nissan and Honda may team up to slash EV prices and take on Chinese automakers like BYD

Baua Electric

Nissan weighs partnership with Honda to lower EV prices As automakers look to prevent falling further behind EV leaders like BYD , partnerships could become more common According to Nikkei , Nissan may take the plunge as it weighs a partnership with Honda to develop more affordable EV tech.

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BMW previews future electric SUV with faster charging, more range

Baua Electric

Bidirectional charging to serve as home backup power Bidirectional charging is also part of the Neue Klasse vehicles. federal tax credits. With their cylindrical battery cells, 800-volt architecture, and high-tech interiors, the Neue Klasse EVs will certainly be innovative.

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