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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

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U.S. EV buyers will get the $7,500 tax credit with a few catches

Teslarati

The United States Electric Vehicle Tax Credit is one of the most notable advantages of purchasing a battery-electric car. The rollout of electric vehicles is supported by the current President Joe Biden, who attempted to increase the United States’ EV sales goals of GM, Ford, and Stellantis to 40% by 2030.

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Tesla launches limited-time 0.99% APR loan rate on U.S. Model Y orders

Teslarati

Tesla has launched its latest buying incentive for the Model Y, this time offering a special, super-low interest rate for those who purchase the SUV by the end of this month. percent APR interest rate for buyers who finance the electric vehicle (EV) on an order placed by May 31. What are your thoughts?

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Trump reportedly told oil execs he’ll end electric car incentives for $1 billion in donations

Baua Electric

Donald Trump has reportedly told oil executives that he will end electric car incentives if they contribute $1 billion to his election campaign. The former president has been all over the place with his comments on electric vehicles. He went as far as calling them a “hoax”. I don’t believe the biggest changes come from politics.

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Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

The recently passed Inflation Reduction Act (IRA) is arguably the most significant piece of climate legislation the United States has ever seen, including significant investments in clean energy and consumer incentives to accelerate electric vehicle (EV) adoption. Biden’s signing of the bill into law on August 16, 2022.

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The EV Transition Explained: How to Meet Sales Targets?

Cars That Think

The latest Edison Electric Institute projection is that only about 26.4 Greenpeace , agrees, and argues that sales of all diesel and petrol vehicles, including hybrids must end by 2030. A coordinated effort by US policy makers is all that is preventing this happening, the report states.

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Tesla supplier Talon Metals on Manchin EV Bill, Tesla & more

Teslarati

Manchin’s EV tax credit proposal. Credit: Talon Metals. Todd shared his thoughts on Manchin’s EV tax credit proposal. On one hand, it’s breathtakingly generous in that it lifts all numerical limits on EVs that are eligible for the $7500 tax credit. Credit: Talon Metals.

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