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Tesla tax credits cut, BMW gas engines run on, Europe likes SUVs: Today's Car News

Green Car Reports

Tesla faces another drop in tax-credit eligibility for its cars on Monday. Automakers are concerned they won't be able to sell enough EVs in Europe. And BMW says gas engines won't go away any time soon. The federal tax credit on Teslas is. The company is also reportedly working to develop its own batteries.

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Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit

EV Adoption

One of the proposed changes to the federal EV tax credit that has flown a bit under the radar is also one of the most political and protectionist in nature. Effective January 1, 2022, electric vehicles with final assembly* (see definition at the end) in China would no longer qualify for IRC 30D (federal EV tax credit).

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Tesla stock: Morgan Stanley pumps the brakes and lowers PT ahead of earnings

Teslarati

It also dominated EV deliveries in the United States and Europe and was toward the top of the list in China. especially, Tesla is adjusting the narratives that surround some of its vehicles and their eligibility for EV tax credits. Tesla will report Earnings on Wednesday. The company reached its 1.8

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BMW i5 electric wagon is a beauty, but it’s not US-bound

Baua Electric

BMW is launching a wagon version of the all-electric i5—but it’s not coming to the U.S. The BMW i5 Touring, as it’s formally known, launches in Europe this May. Like the i5 sedan, it will be sold alongside internal-combustion BMW 5-Series models. 2025 BMW i5 Touring BMW will offer two versions at launch.

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Blink’s 2023 Year in Review

Blink Charging

Following this Miko de Haan , the Managing Director overseeing European operations, ascended to the role of President for Blink Europe and Emerging Markets. In a wave of announcements, legacy automakers including Ford, General Motors, BMW, and Nissan announced their intention to use the NACS connector in future EVs.

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Blazer EV price cut, Dodge electric muscle, Rivian R2 and R3: The Week in Reverse

Baua Electric

Which affordable EV regained its EV tax credit eligibility this week? Then it surprised with two “one more thing” debuts—of the R3 and high-performance R3X , two true compact EVs could amount to an even stronger proposition for Europe. That lowers the Prologue’s effective base price to $41,295 including destination.

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Feature: Top 6 Reasons Why an EV Is the Right Choice

Clean Fleet Report

Europe and China. You can now purchase an electric vehicle at a fair price due to the existing tax credits. The federal tax credit exempts allows you to deduct up to $7,500 from the vehicle’s initial cost. State and local tax credits and incentives can help reduce the price further.