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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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Radical ute debuts! Amazon-backed bargain-priced 2026 Slate Truck vows to make pick-ups and SUVs affordable again

EV Central

Slate exists to put the power back in the hands of customers who have been ignored by the auto industry. 2026 Slate Truck pick-up and SUV. Commenting on its launch, Slate’s CEO Chris Barman said: “The definition of whats affordable is broken. ” The post Radical ute debuts!

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2025 Volvo EX30 Twin Performance Ultra Review: The fastest production Volvo ever comes with standard sincerity and a dash of devil

EV Central

The Zeekr X and Smart #1 are in-house rivals because those brands are like Volvo members of the giant Chinese Geely Auto Group. All three EX30s qualify for the fringe benefits tax (FBT) exemption if the car is being purchased via a novated lease. That can add up to big savings.

Volvo 95
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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 94
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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.

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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?