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Tesla Model Y’s complete lineup now qualifies for EV tax credits through Inflation Reduction Act

Teslarati

Tesla’s complete lineup of Model Y trim levels now qualifies for electric vehicle tax credits through the Inflation Reduction Act, as the Internal Revenue Service (IRS) has increased the applicable MSRP limit to $80,000 across each of the all-electric crossover’s configurations.

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Tesla stock outlook soars to $1,300 per share, driven by Biden’s $10k EV tax credit

Teslarati

Bullish analyst Dan Ives of Wedbush, who boosted his outlook on Tesla stock to “Outperform” from a “Hold” rating following the Q1 figures, believes that the stock could cross the $1,300 mark in the coming months, especially if Presiden Joe Biden’s planned EV tax credit is pushed through. Finance Live.

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Sen. Joe Manchin blasts EV tax credit expansion, calls for hydrogen development

Teslarati

West Virginia Democrat Joe Manchin blasted a potential expansion of the electric vehicle (EV) tax credit on Thursday, while also calling for the development of the hydrogen sector to decarbonize the transportation industry. Many projections have the company producing at least 1.5 The post Sen.

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Novel Sodium-Ion Battery-Powered EVs To Hit Chinese Streets in January

The Truth About Cars

JAC Motors has developed a new EV sporting a sodium-ion battery that it says has lower costs and more abundant raw materials. That said, the company is owned, in part, by the Chinese government, making it unclear if anything related to JAC will make its way to North America.

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Hyundai Motor Plans On Building More Hybrids Inside North America

The Truth About Cars

This is despite over a decade of government subsidies trying to push the world toward battery powered transportation, much of which went directly to automakers as a way to help them cope with high development costs of novel electric powertrains. billion affair to one that’ll cost well over $12 billion to complete.

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Are Rising EV Inventories Proof Nobody Wants Them?

The Truth About Cars

Despite elevated fuel prices, aggressive marketing, and most companies vowing to transition toward building electrified automobiles exclusively, America has an EV supply of more than 100 days on dealer lots. However, government incentives (EV tax credits) have made them more attractive in the general sense.

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3 EV Charging Station Business Models for 2023

EV Connect

In 2022, the proportion of global car buyers who planned to purchase a fully battery-powered or hybrid EV passed 50% for the first time. Choosing the right EV charging business model for your company comes with a few key considerations. The 2022 Inflation Reduction Act (IRA) renewed the 30C Tax Credit for installing EV Chargers.