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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). What is less clear is how Tesla and GM will handle leases.

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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.

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GM resumes sales, cuts price of Chevy Blazer EV after software issue – ET Auto

Baua Electric

The Blazer price cuts and restored tax credit bring the effective price for qualified buyers down to USD 42,695 from the original USD 56,715 for the lowest-priced model. GM said it would cut the price of the Blazer by about USD 5,600 to USD 6,500 based on the trim level. Separately, GM on Feb. Treasury on Jan.

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GM unveils the Chevrolet Equinox EV, its budget SUV offering

Teslarati

Chevrolet has long been the budget offering of GM products; their vehicles are made for everyone, so what if the interior is comparable to a school lunch tray, it’s cheap and (hopefully) reliable transportation. What do you think of the article? Do you have any comments, questions, or concerns?

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Cadillac ramps up Lyriq electric vehicle output as battery supply grows – ET Auto

Baua Electric

Production of Lyriq has been far behind initial targets, hamstrung mainly by an issue with assembling battery modules that has crimped GM’s EV plans. government tax credit this month as new sourcing guidelines kicked in. The luxury brand had delivered fewer than 2,400 in the first half.

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Progress! IRA signed into law

Electric Auto Association

EV provisions The legislation creates a new and used EV tax credit, extending the tax credit on some new EVs to 2032 while shifting tax incentives to more affordable models that are manufactured in North America. This will support millions more low- and middle-income families than the original credit.

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

EV Adoption

In the last year GM has initiated a full court press on the public relations front around its electric vehicle plans. It seems like a week hasn’t gone by without an email in my inbox from GM about an embargoed press release and some upcoming GM EV event or announcement. GM Stock Chart: Yahoo Finance.

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