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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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DOE labs study on costs and benefits of new transportation technologies the most comprehensive to date

Green Car Congress

Levelized cost of driving (LCOD) across powertrains for light-duty SUV, MY 2025. The report covers light-duty passenger vehicles as well as medium-/heavy-duty commercial vehicles: semi-tractors; medium-duty vans and pickups; transit buses; box, utility aerial and dump trucks; and garbage trucks. —David Gohlke.

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Argonne study finds BEVs can have lowest scheduled maintenance costs, but highest cost of driving

Green Car Congress

The study considers five different powertrains (internal combustion engine, hybrid-electric, plug-in hybrid-electric, fuel-cell-electric, and battery-electric) and 12 cost components (purchase cost, depreciation, financing, fuel, insurance, maintenance, repair, taxes, registration fees, tolls and parking, payload capacity and labor).

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Washington state legislature passes law establishing setting MY2030 target for 100% electric new LDV sales

Green Car Congress

The Washington State legislature has passed legislation that sets a target for all MY2030 or later passenger and light-duty vehicles sold in Washington State to be electric vehicles. Passenger and light-duty vehicles are on-road motor vehicles with a scale weight of up to 10,000 pounds and three or more wheels.

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California Governor signs bill exempting zero-emissions transit buses from state sales tax until 2024

Green Car Congress

California Governor Gavin Newsom has signed AB 784 into law, thereby exempting zero-emissions transit buses from state sales tax until 2024. A cutaway bus includes an original van or light- or medium-duty truck chassis that has been reinforced or extended.

Tax 199
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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. According to a report from Bloomberg , the U.S.

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Is A Tax On Electricity (kWh) Consumed The Best Way to Supplement the Fuel Tax for Electric Vehicles?

EV Adoption

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fuel tax.