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GM plans to cut spending on Cruise in half this year

Teslarati

billion before taxes from Cruise, spending about $1.9 The legal firm shared its results from the investigation last week, noting that internet connectivity may have hampered Cruise’s ability to transmit video to regulators. In its Q4 2023 and full-year 2023 financial results shared on Tuesday, GM said it lost just almost $2.7

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After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

2026 Cadillac Vistiq However, the Department of Energy’s “foreign entity of concern” language introduced into the EV tax credit rules now applies to manufacturing and assembly, as well as much of the supply chain—and to companies incorporated in China or in which the Chinese government has a 25% or larger stake.

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Former Buick-GMC worker in Michigan sentenced to 42 months in jail for embezzling

Baua Electric

A former Betten Baker Chevrolet-Buick of Cadillac worker was once arrested in April nearest prosecutors alleged he embezzled greater than $68,000 from the northern Michigan dealership. The legal professional common labored with the Michigan Segment of Treasury and Michigan Circumstance Police within the investigation.

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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

Green Car Congress

It did not include CODA and Fisker nor models introduced after the survey period such as the Chevy Spark; Fiat 500e; BMW i3 and i8, or the Cadillac ELR. For example, eligibility for all or a portion of the federal tax credit is based on the customer’s tax liability, a consideration that is typically unknowable until tax time.

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

Broadly, Navigant expects expansion in both the higher end of the market (thereby putting competitive pressure on Tesla Motors), as Audi, BMW, Cadillac, Mercedes, Saab, and Volvo introduce their first plug-in cars. More mainstream models will come from Kia, Mahindra, Ĺ koda, and Volkswagen. Tesla Motors will have a bumpy year.

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.

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3 Scenarios That Would Make An EV Ineligible For the Federal EV Tax Credit

EV Adoption

In my previous article, Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives , I outlined and analyzed 13 proposed changes to IRC 30D (federal EV tax credit). In this brief article I will share the 3 scenarios that lead to an EV being completely disqualified from any available tax credit amount.