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JATO: electrified vehicles 13% of new car reg in Europe in January 2020; electrified vehicles only growth-driver

Green Car Congress

All electrified types contributed to growth as hybrids (HEV) increased their volume by 36%, pure electric (BEV) by 91% and plug-in hybrids (PHEV) by 173%. Europe demonstrated that the widespread adoption of EVs is increasingly feasible, and will become a likely reality once the cars become more affordable. EVs were the lifeline.

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Chinese-made cars account for one in five BEV sales in February in Europe | Autocar Professional

Baua Electric

As a result, cars made in China outsold cars made in Italy, Korea, Morocco, and Romania, while also closing the gap between cars made in Turkey and the UK. The volume of plug-in hybrid cars made in China fell by 62% last month, with these vehicles making up just 3.4% February 2024 was a positive month for the new car market in Europe.

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

EV Adoption

Passage by the Senate is far from a certainty and will require all 50 yes votes including from conservative-leaning Democrat Senator Joe Manchin of West Virginia to the Independent Senator Bernie Sanders of Vermont. So in essence, you would lose out on most of the benefit of the tax credit. Intuit/TurboTax.