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US President Biden pats GM CEO’s back: “You electrified the entire auto industry. You led.”

Teslarati

US President Joe Biden recently visited General Motors’ Factory Zero in Detroit, a site that the veteran automaker notes would be the centerpiece of a massive electric vehicle revolution. The future is electric – and it will be made right here in America. You electrified the entire automotive industry. You did, Mary.

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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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Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits

Teslarati

The CEOs of Ford, General Motors, Stellantis, and Toyota all urged Congress to eliminate the cap on the $7,500 electric vehicle tax credit as zero-emissions vehicles cost more to manufacture. The tax credit cap only has Tesla and GM buyers disqualified from receiving the 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

percent APR interest rate for buyers who finance the electric vehicle (EV) on an order placed by May 31. The promotional financing can be used on loan terms ranging from 36 to 72 months, and it’s available on all three Model Y trim options. Tesla’s Model Y comprised over a third of all Q1 EV sales in the U.S.

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Tesla Giga Canada makes sense: CN Minister emphasizes auto industry’s new “supplier of choice” [Opinion]

Teslarati

CN seems to be hyper-focused on developing its green supply chain and catering to the auto industry. “Canada is quickly becoming the green supplier of choice for major auto companies, including leading European manufacturers, as we transition to a cleaner, greener future. The 2022 Inflation Reduction Act.

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Auto Lobby Says EPA Targets Aren’t Achievable

The Truth About Cars

government earlier this year were so stringent that they were "a de facto battery-electric vehicle mandate.” From Automotive News : The EPA in a statement to Automotive News said it "plans to post a response to comments in the docket for all comments, consistent with. The public comment period for the proposal closes July 5.

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