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President Biden signs Inflation Reduction Act, cut EV tax incentives

Teslarati

President Biden is expected to the Inflation Reduction Act that radically changes electric vehicle incentives at the federal level in the US. Most cuts come from the bill’s requirement of US assembly and price limits for qualifying vehicles. These rules severely limit the number of vehicles that qualify for the incentives.

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The Best Electric SUVs on the Market

EV Life

The electric vehicle market has expanded rapidly in the last few years as automakers have introduced a variety of EV models to keep up with demand. These days, all-electric options are available in every type of vehicle, from high-horsepower electric sports cars to stylish electric luxury sedans to torque-heavy electric trucks.

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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

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Tesla Aiming For New Milestone Of Two Million Cars

MyEVOnline

However, with the rising demand in electric cars all over the world, it is expected Tesla will reach the two million mark much sooner. Tesla only produces electric cars. Tesla is currently producing four models of electric cars, Model S, Model X, Model 3, and now the latest addition, Model Y. So, Why’s That a Big Deal?

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Ford, VW Ante Up

Plug In Partners

First, there is this story from Volkswagon. concept unveiled in Frankfurt is to give VW a low-cost, rear engine, affordable vehicle, both the minivan and plug-in hybrid should carry a meager price tag if they come to production. Apparently, VW is set to unveil an Up!-based Since the goal of the Up !

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