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Progress! IRA signed into law

Electric Auto Association

The Inflation Reduction Act (IRA) is a massive climate, health care, and tax bill with the overarching goal of slowing the rise in consumer prices that have been climbing at the fastest pace in approximately 40 years. or $150,000 for individuals filing jointly, for the year of the purchase or prior year. history affects EV policy.

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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning.

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The Congressional Review Act and its potential impact on EV tax credits

Plug in America

To spur EV adoption and increase Americans’ access to and the affordability of EVs, Congress passed legislation called the Inflation Reduction Act (IRA), which President Biden signed into law. Since the tax credits became transferable on January 1, consumers have saved $1 billion on their clean vehicle purchases.

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

Louisville Gas & Electric and Kentucky Utilities. It will also list current tax credits and incentives applicable to EV charging. Alone, the federal government plans to purchase more than 500 plug-in hybrid electric vehicles (PHEV) or EVs in fiscal year 2017. General Motors. Hawaiian Electric. Hawai`i Electric Light.

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