article thumbnail

Tesla Semi will be incredibly affordable with US’ revamped EV tax credit

Teslarati

Long-range all-electric trucks like the Tesla Semi will not come cheap. The bill allocates $369 billion for programs that help fight climate change and preserve the environment, and it also includes a number of revamped EV tax credits. I really expect Tesla to raise prices on the Semi, its too cheap at this point.

article thumbnail

Proposed California Bill SB-233 Mandates Bidirectional Charging for EVs to Advance Grid and Climate Protection

Driivz

The bill, SB-233 , aims to advance grid resilience and protect the climate by using EVs as “batteries on wheels,” tapping their stored energy to balance electricity supply and demand rather than bringing high-polluting peak generators online. California, the EV adoption and clean energy leader in the U.S.,

article thumbnail

Cash for Volts?

Revenge of the Electric Car

More details at: Group Seeks US Tax Credits To Spur Electric Car Use. to offer tax credits for buying all-electric plug-in vehicles as part of a $128 billion program to get seven million such cars on the road by 2018. UPDATE:Group Seeks US Tax Credits To Spur Electric Car Use. by Judith Burns for Dow Jones.

Volt 100
article thumbnail

Volvo XC40 Recharge and Polestar 2: EV cousins offer different takes on “premium”

Charged EVs

It’s called the XC40 Recharge, and the earliest versions aren’t cheap, priced from about $55,000 including delivery. We’d have liked knobs for climate control rather than having to use the central screen—we ended up using Android voice, but not every buyer will want to do that. Until now, it’s had no plug-in option. Volvo’s first EV.

article thumbnail

Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

And oil only seems cheap. If we can again succeed like that, in a decade, we’ll look back and know that we got a great deal: safer, healthier, better lives, an economy no longer held hostage to petro-dictatorships and blindered, monopolistic companies, and a significant response to climate change.

Oil 252
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Cap and Trade Disappointment. Eight months ago.

Financing 150
article thumbnail

BYD has no plans to enter the US Market amid “complications’ [Feature]

Teslarati

Economist says cheap Chinese EVs should be kept out of U.S. Any EVs with components are not eligible for the IRA’s EV tax credits. Given the present political climate, it may not be the right time for BYD to enter the US market. It also incentivizes companies to build supply chains within those same parameters.

BYD 116