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EV Tax Credits Are Working—Cutting Them Now Would Be a Costly Mistake

Plug in America

Users must meet income limits, cars cannot exceed MSRP caps, and vehicles must be assembled in North America with battery minerals and components from North America. EV tax credits work Industry-wide, 87% of all EVs purchased or leased in 2024 received the federal EV tax credit. auto companies are multinational corporations.

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2024 Honda Prologue: Japan’s most American brand gets serious about EVs

Charged EVs

That left Honda severely behind in the global race toward long-range electric vehicles that Tesla kicked off in 2012 with its Model S. Since then, in North America, Honda has sold two pure EVs in tiny numbers: the 2013-2014 Honda Fit EV (82 miles of EPA range) and the 2017-2019 Honda Clarity Electric midsize sedan (89 miles of range).

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Tariffs, Trade Wars, and Turmoil: The Global Car Market in Crisis

Baua Electric

How Trumps Auto Tariffs Are Reshaping the Global Car Market In an increasingly interconnected world, few industries are as globalized as the automotive sector. borders but across the entire global auto industry. A Hit to Global and U.S. million vehicle sales in North America this year alone.

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Ipsos Auto Global Study: interest in battery electric vehicles growing in the US

Green Car Congress

Ipsos’ new 2020 Global Mobility Navigator Study, focusing on Electrification, found global interest remained on par with the numbers from 2019. Ipsos’ John Kiser, Senior Vice President, US Automotive & Mobility, said the same type of correlation between greater familiarity and greater interest can be seen in America.

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Protean Electric forms partnerships for global production of in-wheel drive motors

Green Car Congress

In-wheel electric drive startup Protean Electric ( earlier post ) has formed relationships with several leading companies in the global auto industry to accelerate its in-wheel electric drive systems to market in high-volume production. MAHLE Powertrain, an engineering service provider to the global automotive industry.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 —Mark Wakefield, a director in AlixPartners’ Global Automotive Practice. million units in 2011 and only 13.6 million in 2012.

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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

auto market anytime soon , some U.S. automotive groups have expressed concerns over the Seagull EV and other affordable mass-market EVs eventually coming to North America. Even despite ongoing political concerns, its entry into North America is considered an eventuality, and other Chinese automakers likely won’t be far behind.