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Impact of Proposed Changes to the Federal EV Tax Credit – Part 1: Summary Chart

EV Adoption

When Congress comes back in September from its August recess, members will be faced with legislation that needs to be finalized and then voted on, including the Clean Energy Act for America (CEAA). It is unclear how Tesla and GM will address this retroactive credit availability for leased EVs. Overview of the Changes.

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Congress finally agrees on electric bike bill – but not the one everyone wanted

Baua Electric

The last electric bike bill to hit the floor of the US House of Representatives was the EBIKE Act, which sought to create a federal tax incentive for e-bike purchases. But now e-bikes are getting new attention in Congress, this time due to fire scares. And this time it seems both aisles are finally in agreement on e-bikes.

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Proposed Changes to Federal EV Tax Credit – Part 5: Making the Credit Refundable

EV Adoption

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers. And another 7 PHEVs qualify for credits of between $6,670 and $7,500.

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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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Ford re-opens order books for Mach-E; higher range, lower pricing; all standard range models with LFP packs

Green Car Congress

BlueCruise, which enables hands-free driving on highways, now will be available with the choice to experience the technology with a complimentary 90-day trial since all Mustang Mach-E SUVs will be built with the necessary hardware for the capability. The GT Performance Edition is now available with optional all-season tires.

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Ford to increase production of Mustang Mach-E in 2023, cut prices across the board

Green Car Congress

The production increase is a key part of the Ford+ Plan, underscoring the company’s commitment to increase the value of its EVs for customers, continuing to position Mustang Mach-E as a compelling option for those looking for an electric SUV, and growing market share. 2 US EV manufacturer as it continues to scale that part of the business.

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Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit

EV Adoption

One of the proposed changes to the federal EV tax credit that has flown a bit under the radar is also one of the most political and protectionist in nature. Effective January 1, 2022, electric vehicles with final assembly* (see definition at the end) in China would no longer qualify for IRC 30D (federal EV tax credit).