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The Truth About Cars
DECEMBER 7, 2023
Earlier this year, the rules around EV tax credits seemed to be changing every other week. While things have calmed down since then, we’re about to see more action on the topic, as the Treasury recently released new guidance on battery materials sourcing that will upend credits for some EVs.
The Truth About Cars
JANUARY 19, 2024
After facing significant challenges ramping up production and meeting customer demand for the F-150 Lightning, Ford recently announced layoffs that will drastically cut volume at its electric vehicle factory in Michigan. Image: Ford] Become a& TTAC& insider.
The Truth About Cars
APRIL 17, 2023
With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. But it basically comes down to whether or not they can qualify for the two $3,750 credits. or in a country where the U.S.
The Truth About Cars
OCTOBER 27, 2023
Ford and the UAW have reached a tentative agreement that will end the strike at some locations, but the automaker is looking at lower profits and a challenging road ahead with electrification. Ford said it would delay some of the planned EV investments after seeing less demand and more price pressure than expected. It lost $1.3
The Truth About Cars
NOVEMBER 21, 2023
Ford has said it will restart construction on the electric vehicle battery facility it’s building in Marshall, Michigan, after pausing work when the UAW strike kicked off a couple months ago. From Ford: While we remain bullish on our long-term strategy for electric vehicles, we are re-timing and resizing some investments.
The Truth About Cars
APRIL 19, 2023
Though it’s now cheaper to buy a new Tesla Model 3 or Model Y, some are eligible for federal tax credits, making them even more appealing. Some Model 3s are only eligible for half the credit because of battery materials sourcing rules, but the automaker’s domestic battery production efforts and large U.S.
The Truth About Cars
OCTOBER 19, 2023
It looks like the Ford Explorer and Lincoln Aviator are dumping their hybrid trims for the 2024 model year. While the company’s reasoning isn’t entirely clear, Car and Driver reported the Blue Oval had cited high demand for the hybrid version of the Explorer-based Police Interceptor Utility, along with demand for other Ford hybrids.
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