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

Plug in America

If you already drive an EV, you might wonder, “Why all the fuss about EV tax credits?” Maybe you already took advantage of the federal tax credit or bought your EV without it because you care about tech, climate, or long-term savings. But here’s why those tax credits still matter—and why they’re worth defending.

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Carmax, Carvana, and automotive stakeholders urge U.S. Senate to keep EV tax credits

Plug in America

As we’ve previously explained, cutting the EV tax credits now would be a costly mistake. If the EV tax credits are rolled back: People will lose hundreds of thousands of jobs, and companies will lose billions of dollars in investments. American auto manufacturers will fall behind as the rest of the world transitions to electric.

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Berkeley study finds clean vehicle rebates have predominantly benefited wealthy, white Californians

Green Car Congress

We can surmise that this is partially attributed to the auto industry targeting wealthier areas with marketing campaigns, and also because information and guidance about electric vehicles and subsidy programs is not distributed evenly across all populations. public transportation or car- sharing).

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UP stands firm on hybrid car tax waiver: Report. What effect will it have on EVs

Baua Electric

By: HT Auto Desk | Updated on: 13 Aug 2024, 11:00 AM Uttar Pradesh has been one of the the main contributors when it comes to sales for India's automotive market. In July 2024 the state introduced a tax … Uttar Pradesh has been one of the the main contributors when it comes to sales for India’s automotive market.

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Uno Minda revenue grows 31%, PAT up 47% – ET Auto

Baua Electric

Profit before tax for Q4 FY24 is at INR 302 cr as against INR 209 cr in Q4 FY23. The profit after tax which is Uno Minda’s share excluding exceptional income for FY24 was at INR 860 crore as against INR 654 crore in FY23 reporting a growth of 32%. The EBITDA for the period grew by 28% at INR 1,585 crore. per share i.e. 67.5%

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

Well, America’s auto industry delivered over 100,000. That helped us become the world’s greatest industrial power. It helps that the auto industry will be building more efficient new vehicles. And magically, as more electricity comes from lower-carbon fuel sources, our cars will get cleaner as they get older!

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Tesla Giga Canada makes sense: CN Minister emphasizes auto industry’s new “supplier of choice” [Opinion]

Teslarati

CN seems to be hyper-focused on developing its green supply chain and catering to the auto industry. “Canada is quickly becoming the green supplier of choice for major auto companies, including leading European manufacturers, as we transition to a cleaner, greener future. The 2022 Inflation Reduction Act.

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