Remove Batteries Remove Buy Remove Congress Remove Tax
article thumbnail

Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The current federal electric vehicle tax scheme is a pain.

article thumbnail

President Biden proposes $174B spend on EVs and chargers

Green Car Congress

Among the broad elements of the proposal are: Enabling automakers to spur domestic supply chains from raw materials to parts, retool factories to compete globally, and support American workers to make batteries and EVs. Electrifying the federal fleet, including that of the United States Postal Service. Climate science and clean energy.

Climate 268
article thumbnail

Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

. “The purchase of the BEV Lease is to aid in our goal of delivering carbon neutrality by 2050 by controlling the vehicle battery through its life, keeping it in the Ford network.” ” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits. battery production.”

Ford 98
article thumbnail

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.

article thumbnail

Citroën ë-Berlingo Van now available to order

Green Car Congress

The electric version of the Berlingo, the second biggest seller in its segment in Europe, offers a driving range of up to 275 km (WLTP) from its 50 kWh battery and a volume of up to 4.4m³. To educate business owners in how to transfer their fleets and encourage them to buy electric vehicles, a number of aids have been introduced.

Available 427
article thumbnail

UK launching £400M vehicle charging infrastructure fund; putting extra £100M to support for buying EVs

Green Car Congress

Among the elements in the budget are the launch of a new £400-million (US$530-million) Charging Investment Infrastructure Fund and the provision of an extra £100 million (US$133 million) towards helping people buy battery-electric cars.

Buy 186
article thumbnail

Satellite view of Silver Peak lithium mine

Green Car Congress

Demand for US-produced lithium is particularly strong due to tax incentives that reward consumers for buying electric vehicles with domestically produced and assembled parts. The mine at Silver Peak is adding new pumps and evaporation ponds to try to keep up with surging lithium demand; the mine plans to double its production by 2025.

Chile 259