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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.

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Toyota's Already Offering a Huge 2024 bZ4X Lease Discount in New York

The Truth About Cars

Despite it only having been on sale for one year, the automaker is already offering discounts on the new 2024 model, cutting $10,000 off the top for lease clients in New York. It’s also eligible for federal tax credits, which makes it an even more compelling option.

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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

The trend is consistent with steady growth in availability and affordability. on a 100-point scale) in January 2023 from 35 in December 2022, meaning approximately four-in-ten new vehicle shoppers currently have a viable alternative to ICE vehicles. Overall affordability has also improved by a similar margin, rising to 85.6

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The redesigned federal EV tax credit and other EV-related measures

Charged EVs

The recent passage of the Inflation Reduction Act—a sweeping package of tax, health care and climate measures—was like the happy ending to one of those heartwarming “Save Christmas” stories. Credit where credit is due. The revamped tax credit scheme is clearly a great improvement over its predecessor.

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XC90 Recharge review, Polestar 3, Rivian R3, EV tax credit update: The Week in Reverse

Baua Electric

4 to the list, we revisited and updated our roundup of which 2024 EVs qualify for the $7,500 EV tax credit. While the language remains tentative, such a solution might help both automakers with EV affordability. With the recent addition of the Volkswagen ID.4 2024 Volkswagen ID.4 2024 Volkswagen ID.4

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NY state launces series of initiatives to encourage adoption of EVs

Green Car Congress

New York State announced a series of broad-scale initiatives to encourage the purchase and to increase the convenience and accessibility of electric vehicles (EV). EVolve NY will target four 150 kW chargers per location at average intervals of less than 75 miles along New York’s major corridors.

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‘Average Americans’ can’t afford EVs: Former White House official, others rip Buttigieg

Teslarati

The all-too-common myth that electric vehicles are not affordable to the average American is now being reignited by former Trump White House Communications Official Mercedes Schlapp, among others, who ripped Transportation Secretary Pete Buttigieg for suggesting that the answer to rising gas prices was to buy an electric car.