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What Does GM’s “30 New EVs By 2025” Promise Mean for the US Market?

EV Adoption

Below are two charts I created last March for inclusion in my CleanTechnica article: GM’s 10(+) Future EV Models: Our Estimated Specs & Sales Volume. 4, Hyundai IONIQ 5, Audi Q4 e-tron, Toyota RAV4 Prime PHEV, Ford Escape PHEV, and Lincoln Corsair PHEV have either become available or likely will be in 2021.

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3 Scenarios That Would Make An EV Ineligible For the Federal EV Tax Credit

EV Adoption

In my previous article, Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives , I outlined and analyzed 13 proposed changes to IRC 30D (federal EV tax credit). In this brief article I will share the 3 scenarios that lead to an EV being completely disqualified from any available tax credit amount.

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2025-2035: Rewriting The Automotive History

Get Electric Vehicle

A hybrid vehicle runs on gasoline plus a little amount of electricity; the battery powers the car for a few miles and then recharges as it slows down or descends. The XC40 Recharge, Volvo’s first all-electric vehicle, was released in 2020. By 2030, the company said approximately half its global sales will be battery cars.

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

There are separate provisions for 2 & 3-wheeled EVs, electric bikes, and used 4-wheeled EVs — of which this article will not cover. For more background and detail on changing to refundable tax credit, read my article from September — Proposed Changes to Federal EV Tax Credit – Part 5: Making the Credit Refundable.