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Biden Administration mulls over reprieve from EV tax credits for automakers

Teslarati

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. In March, the United States Department of Treasury published the battery sourcing guidance, which automakers must comply with to reap the tax credits from the IRA.

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Survey: Dealers think Biden is moving too fast on EVs

Baua Electric

Dealers think the Biden administration’s EV policies are forcing the auto industry to move ahead of market demand, according to a new Automotive News survey. The publication’s 2024 Dealer Outlook Survey compiled responses from 208 U.S. car dealers and dealership managers. billion on EV infrastructure.

Dealers 97
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This Volkswagen EV Now Comes with Full Tax Credit Benefits

The Truth About Cars

Photo credit: Volkswagen Volkswagen has recently announced that their MY23 and the upcoming MY24 models of the ID.4, 4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. that qualifies for the full Federal Tax credit. This development makes these models of the ID.4,

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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. The collective dismay was probably best reflected in the question: “Is the Biden administration pushing the industry to move too fast on EVs?”

Dealers 105
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Kia’s EV sales surged to a new record in the US with affordable, long-range models

Baua Electric

Kia’s EV sales hit new record in first half of 2024 Kia is on a roll in the US with affordable, long-range models like the three-row EV9 and EV6, reaching buyers. Starting under $55,000 (excluding destination fee), Kia calls the EV9 a “wake-up call” to the industry. With the $7,500 federal tax credit, prices fall to as low as $48,995.

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Tesla led the EV market closer to ICE price parity in 2023: Cox

Teslarati

In what many termed an automotive “price war” early last year , Tesla lowered its prices significantly across its entire vehicle lineup , putting substantial pressure on the rest of the industry. Credit: Cox Automotive IRA EV tax credits winning over more auto dealers in 2024 What are your thoughts?

Price 128
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Kia shatters US sales record again with its first three-row electric SUV picking up steam

Baua Electric

Kia’s dealer sales were higher than any month in company history,” Kia America’s vice president of sales, Eric Watson, announced Wednesday. Kia continues building demand with affordable, long-range, fast-charging electric vehicles like the EV9 and EV6.

Kia 52