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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). In this part 2 article, we’ll dive deeply into the elimination of the per manufacturer 200,000 EVs sold phaseout.

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FREYR Battery to site US gigafactory in Georgia; initial investment $1.7B, growing to $2.6B through 2029

Green Car Congress

FREYR Battery announced the selection and purchase of a site in Coweta County, Georgia for its planned Giga America battery plant. The Giga America project will be based on the SemiSolid technology of FREYR’s US-based licensing partner, 24M. FREYR evaluated 163 potentials sites in 25 states. billion through 2029.

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Kentucky electric cars now pay two taxes where gas cars only pay one

Baua Electric

Photo by Mobilus in Mobili on Flickr As of January 1st, Kentucky has implemented not one but two new taxes on electric vehicles, both of which are individually higher than what gas vehicles pay on similar units of energy. At the Kentucky Public Service Commission’s approved rate of 25c/kWh , this represents a 12% or 24% tax.

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The EV Tax Credit: Buy Now or Wait Until 2024?

EV Life

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles 

Electric Vehicles India

Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles . Yamaha Motor and Hero Motors Limited have signed an agreement that they will jointly establish a company to manufacture hub-mounted drive units for electric bicycles. It will also use it to diversify its manufacturing and supply chains.

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J.D. Power launches EV Index; measuring roadblocks to EV adoption, parity to gas-powered vehicles

Green Car Congress

This factor measures the proportion of new-vehicle buyers who have an EV purchase option that meets their buying needs, reflective of factors like price, manufacturer origin, segment and other inputs. Availability. Affordability.

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NACFE releases guidance report on hydrogen fuel cell heavy-duty trucks

Green Car Congress

Many factors will influence this, including emissions regulations, infrastructure, hydrogen availability and total costs of ownership. Incentives, grants, credits, tax breaks will be around for a while. While hydrogen fuel cell technology is very promising, we know that widespread adoption will take time. of hydrogen adoption in 2030.

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