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Inflation Reduction Act mandates escalating battery critical mineral requirements to qualify for EV tax credit

Green Car Congress

The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.

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New draft rules relax norms to regularise school vans – ET Auto

Baua Electric

The revised norms will assist those who’ve been using private vehicles to transport schoolchildren by allowing them to convert these into registered school taxis. Henceforth, registering school vans and taxis will be possible with a letter from either school officials or parents,” he said.

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Hyundai introduces 2018 Sonata Hybrid and Plug-in Hybrid models at Chicago Auto Show

Green Car Congress

Hyundai unveiled the redesigned 2018 Sonata Hybrid and Plug-in Hybrid models at the Chicago Auto Show. Sonata Plug-in Hybrid buyers are currently eligible for a $4,919 federal tax credit. In addition, the Sonata Plug-in Hybrid is eligible for HOV-lane access in certain states. Hybrid Powertrain.

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Ford to boost production capacity of electric F-150 Lightning to 150,000 per year; ability to produce 600K BEVs annually within 24 months

Green Car Congress

Those who don’t receive invitations to convert for the 2022 model year will have an opportunity to order a future model year vehicle in due course. Production of the 2022 F-150 Lightning pickup will begin this spring at a starting MSRP of $39,9741 before potential federal tax incentives. Earlier post.).

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Tesla Model 3s from Hertz are going for as low as $14,000

Baua Electric

Hertz is starting to sell some of its Tesla Model 3s and they are going for pretty cheap – as low as $14,000 with the used EV tax credit. In the US, there’s $4,000 tax credit for used EVs. It means that Hertz rented them quite a bit, and that’s a lot of gas mileage converted to electric mileage. Get started here.

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Honda looks to build a $14 billion EV and battery plant in Canada

Baua Electric

According to Japan’s Nikkei , the Japanese automaker is looking at several sites in Canada, including one near its auto factory in Alliston, Ontario. Of course, batteries coming from Canada with materials found in Canada will also help vehicles qualify for the US’s federal EV tax incentives.

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Classic fix: Heritage cars reborn with new electric powertrains | Autocar Professional

Baua Electric

If one is familiar with British automotive heritage, then there are venerable names that are permanently etched in the minds of auto aficionados. Lunaz says prices start at GBP 2,90,000 plus local taxes for restored, re-engineered and electrified Range Rover Classics.