Remove Auto Industry Remove GM Remove Tax
article thumbnail

The Honda Prologue is a hit, but Acura’s luxury EV is the real surprise

Electrek

With the Trump administration planning to end the $7,500 federal EV tax credit, many of these savings will soon disappear. The Honda Prologue is available to lease for as little as $259 per month. The offer is for 36 months with $2,399 due at signing in California and other ZEV states.

Honda 118
article thumbnail

Ford dealers told to brace for EV rush as incentive cutoff nears

Electrek

After the “One Big Beautiful Bill” was signed into law on July 4, the $7,500 and $4,000 tax credit for new and used EVs will no longer be available after September 30. ” The letter (via CarsDirect ) confirmed that the EV tax credit “will no longer be available for vehicles acquired after September 30, 2025.”

Dealers 109
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

US President Biden pats GM CEO’s back: “You electrified the entire auto industry. You led.”

Teslarati

Factory Zero has gone through a $2 billion conversion, and it is expected to produce several all-electric cars, starting with the GMC Hummer EV, a hulking zero-emissions pickup truck which, ironically, would (mostly) not be included in the Biden administration’s planned EV tax credit program. You know how critical it is?

article thumbnail

Obama Outlines Next Steps for GM and Chrysler

Green Car Congress

In a statement livecast on the Internet by the White House, President Barack Obama said that neither of the restructuring plans submitted by GM and Chrysler “ goes far enough to warrant substantial new investment. ”. The government will provide GM with “ adequate working capital ” for 60 more days to “ produce a better business plan ”.

Obama 150
article thumbnail

GM Working with Communities to Develop Roadmap For Plug-in Infrastructure

Green Car Congress

GM described its approach at the Washington Auto Show. A partial draft checklist of stakeholders and enablers to help guide cities in making their regions plug-in friendly suggested by GM includes: Draft Checklist for a Plug-in Ready City. Ed Peper, GM North America vice president, Chevrolet. Required Stakeholder.

Plug-in 150
article thumbnail

Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits

Teslarati

The CEOs of Ford, General Motors, Stellantis, and Toyota all urged Congress to eliminate the cap on the $7,500 electric vehicle tax credit as zero-emissions vehicles cost more to manufacture. The tax credit cap only has Tesla and GM buyers disqualified from receiving the credit.

article thumbnail

Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. CEO, Protean Electric and a 32-year auto industry veteran responsible for the development and production of the GM EV-1.

Boston 199