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Budget 2024: Helping Canada get more EVs on the road – Electric Mobility Canada

Plug N Drive

Electric Mobility Canada (EMC) notes that the federal government continues to support the transition to electric transportation with some good news for potential EV buyers and for the EV supply chain. 608 million in new funding for EV purchase incentives for consumers through the existing Incentives for Zero-Emission Vehicles (iZEV) program.

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NY state launces series of initiatives to encourage adoption of EVs

Green Car Congress

New York State announced a series of broad-scale initiatives to encourage the purchase and to increase the convenience and accessibility of electric vehicles (EV). Drive Clean Rebate Initiative Supporting the Direct Purchase of 11,000 EVs. To date, more than 11,000 rebates have been approved for New Yorkers to purchase electric cars.

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Rivian informs customers of IRS guidance on EV tax credits

Teslarati

Rivian emailed customers about the Internal Revenue Service’s (IRS) recently released guidance regarding the EV tax credits under the Inflation Reduction Act (IRA) of 2022. Foley & Lardner LLP explained the latest IRS guidance regarding EV tax credits. These qualifications applied as of January 1, 2023.

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Proposed Changes to Federal EV Tax Credit – Part 3: MSRP Must Be Less Than $80,000

EV Adoption

Should expensive electric vehicles be excluded from the federal electric vehicle tax credit (IRC 30D)? While this question is often hotly debated on social media, the proposed changes to IRC 30D would draw a line in the sand and establish an $80,000 MSRP cap on the credit.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

Increasing political animus towards the ethanol tax credit, which was “ begrudgingly renewed for one year in the lame-duck tax bill.” ” The team suggests that this may be the last extension for the credit. Fuel standards in Europe, Japan and Canada that will require widespread adoption of electrics.

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Why Your Auto Dealership Needs EV Charging Stations

EV Connect

With strong policy support and aggressive climate initiatives , prioritizing plug-in hybrids and fully electric vehicles makes more sense for auto dealers than ever. In fact, that same Consumer Reports survey noted that 71% of Americans would be interested in purchasing an EV in the future. and Canada. In the U.S.

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OECD paper presents and analyzes policies and programs to foster market growth of green cars

Green Car Congress

The OECD, the Organisation for Economic Co-operation and Development formed in 1960 when 18 European countries plus the US and Canada joined forces to create an organization dedicated to global development. For example, one factor that is holding back purchases of electric vehicles in particular is the limited driving range.