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Price Parity is Not the Key to EV Adoption in the US

EV Adoption

According to a price survey conducted by BloombergNEF , automakers soon will be producing models that are “as affordable—and as profitable—as comparable combustion engine models, and without the help of tax subsidies.” And many higher end models from Tesla, Lucid, GMC, Rivian, and others will approach 400 or more miles.

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Convincing Consumers To Buy EVs

Cars That Think

However, other automakers like BMW are quite unabashed about going after the luxury market which it terms “ white hot.” BMW’s CEO Oliver Zipse does say the company will not leave the “lower market segment,” which includes the battery electric iX1 xDrive30 that retails for $82,900. In some aspects, EV drivers return to these roots.

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable. More on this below.

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VW Joke, Kia EV6 Details – EV Week in Review: March 23-30

EV Adoption

4 that will be arriving at dealers soon. The Mini EV (no relation to the MINI brand owned by BMW) comes in two- and four-seater versions. Clair, Michigan, that will build complex battery enclosures for the all-new 2022 GMC Hummer EV. Today, while out gut instincts suggested it was a joke, it was actually not that far fetched.

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