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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). What is less clear is how Tesla and GM will handle leases.

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It’s a buyers’ market! Tesla Model 3 and Tesla Model Y dominate  rapidly growing used EV sales in Australia

EV Central

While demand growth for EVs outstrips traditional petrol and diesel vehicles, buyers still have the upper hand in an Australian used electric vehicle market dominated by Tesla. per cent) Tesla Model Y – 596 (7.9 per cent) Tesla Model S – 344 (4.6 per cent) Tesla Model X – 224 (3.0 per cent) Tesla Model Y – 596 (7.9

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President Biden signs Inflation Reduction Act, cut EV tax incentives

Teslarati

President Joe Biden will sign the Inflation Reduction Act today, and the act will cut EV tax incentives with it. According to manufacturers, roughly 70% of electric, PHEV, and fuel cell electric vehicles are no longer eligible for incentives. Top-of-the-line Ford F-150 Lightnings will also no longer be eligible.

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82% of BEVs & PHEVs Available in the US in 2022 Have a Base MSRP of $40,000+

EV Adoption

Out of 82 BEVs and PHEVs that are either currently available for sale in the US, or expected to be so by the end of 2022, 67 of them, or 81.7%, have a base manufacturer’s suggested retail price (MSRP) higher than $39,999, according to new analysis from EVAdoption. Lack of Affordable EVs Remains a Key Hurdle to Mass Adoption.

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The Best Electric SUVs on the Market

EV Life

Like their electric car cousins, all-electric SUVs have come a long way—batteries have evolved to increase range and improve performance, new motors are providing impressive torque and towing capabilities, and prices have come down to make options more affordable, making these SUVs some of the most attractive sport utility options out there.

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Personal: One in a Million

Clean Fleet Report

And I’m one those million since they’re counting plug-in hybrids (PHEVs) as well as full battery electrics. Tesla Model 3 was the top seller in the state. Sales just topped a quarter-million with Tesla’s four models accounting for more than half of the overall sales. Tesla Model Y EV – 61,022. Tesla Model S EV – 6,532.

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Audi EV fightback! Busiest period ever for German brand as it targets electric cars from BMW, Mercedes-Benz, Volvo

EV Central

Audi’s EV fightback kicks off now with the triple motor SQ8 e-tron and upcoming Q4 e-tron that’s primed to take advantage of the generous fringe benefits tax (FBT) exemption. As with many new models coming soon, the all-new Q3 small SUV that’s due to be unveiled within months will be offered as a PHEV.

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