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Fixing the Federal EV Tax Credit Flaws: Redesigning the Vehicle Credit Formula

EV Adoption

The Qualified Plug-In Electric Drive Motor Vehicles (IRC 30D) tax credit – commonly referred to as the “Federal EV tax credit” has a number of flaws, but one of the biggest is the poorly-designed formula that determines the amount of the tax credit available for each BEV and PHEV sold in the US.

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Fisker reveals production-intent version of Fisker Ocean at LA Auto Show

Green Car Congress

The base Fisker Ocean Sport trim level is priced at $37,499, before federal and state tax credits. Fisker estimates that the EPA range of the front-wheel-drive, single-motor Fisker Ocean Sport will be 250 miles on a single charge, using a lithium-ion phosphate (LFP) battery cell chemistry in Touring Range packs to be supplied by CATL.

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U.S. EV adoption is happening faster than anticipated

Teslarati

He added that battery electric vehicles cost too much and that the infrastructure isn’t ready for recharging the batteries away from home. “I “Since 2018, the decrease in cost flattened out, and even over the last year, it increased somewhat because of the supply chain difficulties and global issues.

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2016 Audi A3 Sportback e-tron PHEV starting at $37,900 in US

Green Car Congress

Purchasing customers may qualify for applicable state and federal incentives and tax credits. Audi expects the PHEV to qualify for a federal tax credit of $4,168. Prices above exclude destination charges ($925), taxes, title, optional equipment, and dealer charges.

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Zinc-Air Battery Company ReVolt Applying for $30M in Recovery Act Funds; Targeting EV Applications

Green Car Congress

By locating in Oregon, the company will be eligible, and intends to apply for, Business Energy Tax Credits from the Oregon Department of Energy for battery research and production. Securing government grants and tax credits will allow ReVolt to significantly accelerate its operations in Portland and US expansion, the company says.

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How Much Does it Cost to Charge an Electric Car at a Public Charging Station?

EV Connect

We can’t expect the market to move en masse towards electric until the public recharging network matches the landscape for petrol-powered vehicles. Drivers get faster off-road charging speeds than Level 1 can supply, while businesses can capitalize on both tax credits and fresh revenue opportunities. Everyone wins.

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Volvo To Go All Electric By 2030 – EV Week in Review: Feb 23-Mar 1

EV Adoption

This past week was certainly quite a whirlwind of EV news and developments from Volvo’s plans to end production of ICE vehicles by 2030, yet another proposal to reform the federal EV tax credit, chip shortages, Washington state’s plans to ban ICE vehicles by 2030, Lucid Air delay, Fisker to partner with Foxconn, and much, much more.

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