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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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Fuel-cell Honda CR-V review, Genesis GV60 test, Fisker Ocean price cut: The Week in Reverse

Baua Electric

Which automaker outlined an all-of-the-above electrified approach for the near future, including hybrids, PHEVs, and a 3-row electric SUV? Genesis Neolun Concept – 2024 New York Auto Show Nissan talked through a roadmap for a new generation of affordable EVs , plus a three-row electric SUV due in 2028, and a pivot that will include U.S.-bound

Fisker 52
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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.