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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. We are going to have lots of battery capacity in the United States.

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Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the auto market. About half of all dealerships also said they never bothered to register with the IRS to more easily facilitate EV tax credit exchanges.

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Hyundai says its first EV plant will open this year to gain the $7,500 tax credit

Baua Electric

The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October. According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. Munoz said EVs produced at the new plant will qualify for the tax credit.

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GM says EV hurdles are ‘not an issue now’ as new models roll out

Baua Electric

The company aims to build 200,000 to 300,000 EVs this year, about 20 times more than GM did in 2024. As we move forward, we’re going to build to demand. 2024 Chevy Equinox EV 3RS (Source: GM) Meanwhile, GM already has an affordable EV rolling out. CEO Mary Barra believes those issues are behind them.

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Mercedes-Benz Reportedly Rethinking North American EV Strategy

The Truth About Cars

Canadian dealers of Mercedes-Benz vehicles are reporting that the automaker is considering revising its strategy for North America. The dealers attended a market-wide retailers meeting in Vancouver held in May and noted that the automaker was fretting about consumer hesitancy over expensive electric vehicles.

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NY state launces series of initiatives to encourage adoption of EVs

Green Car Congress

The Drive Clean Rebate is part of New York State’s overall clean transportation strategy to reduce greenhouse gas emissions and supports the Governor’s Reforming the Energy Vision (REV) comprehensive plan to build a clean, resilient and affordable energy system.

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Auto Lobby Wants Input on Government EV Policy Before Changes Are Made

The Truth About Cars

But they’re also trying to circumvent emissions regulations and noticed that building increasingly large SUVs and pickups (at the expense of everything else) allowed them to simultaneously do both. Unfortunately, this has left many with product lineups overloaded with models loads of households can no longer afford.

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