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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). In this part 2 article, we’ll dive deeply into the elimination of the per manufacturer 200,000 EVs sold phaseout.

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Biden Administration mulls over reprieve from EV tax credits for automakers

Teslarati

The reprieve would concern the eligibility of electric vehicles for the IRA’s tax incentives. One of the biggest concerns about the IRA’s requirements for EV tax credit eligibly regards battery packs, cells, and the materials used to manufacture them. The Teslarati team would appreciate hearing from you.

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Hyundai Metaplant America to boost its EV sales in the US 

Teslarati

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. The South Korean car manufacturer came in second to Tesla and beat top automakers like Ford and General Motors in the United States. Hyundai Motor Group is investing $7.59 billion in HMGMA.

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This Volkswagen EV Now Comes with Full Tax Credit Benefits

The Truth About Cars

4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. 4, which start at a base MSRP of $38,995 before the tax credit, a more budget-friendly option in the electric SUV segment. that qualifies for the full Federal Tax credit. 4 and how the tax credit enhances its accessibility.

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Volkswagen ID.4 becomes Top 3 most affordable U.S. EV, but there’s a catch

Teslarati

4 will be the third most affordable electric vehicle offering in the United States, but the German automaker will nerf performance to reach the price point. 4 manufacturing to their Chattanooga, Tennessee plant and accompanying performance cuts to the vehicle. 4 becomes Top 3 most affordable U.S. Volkswagen’s ID.4

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J.D. Power launches EV Index; measuring roadblocks to EV adoption, parity to gas-powered vehicles

Green Car Congress

This factor measures the proportion of new-vehicle buyers who have an EV purchase option that meets their buying needs, reflective of factors like price, manufacturer origin, segment and other inputs. Affordability. Availability.

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Volkswagen aims for sub-$35,000 EV in the U.S.

Teslarati

Many automakers are attempting to offer EVs that are widely affordable and will not break the bank for those who are interested. a more affordable EV option for consumers will perhaps help to surge sales and demand. Some EVs have only qualified for half of that amount because they are not completely assembled in North America.