article thumbnail

Tesla China: Top gov’t meeting confirms NEV purchase tax exemption extension

Teslarati

Tesla China will likely see its momentum in the domestic EV market accelerate, thanks to the country’s NEV purchase tax exemption being renewed next year. Reports of the meeting were shared by Chinese state-owned broadcaster China Central Television ( CCTV). The update was related during a top government meeting.

Purchase 117
article thumbnail

Explorer Hybrid mpg, Lincoln’s plug-in hybrid, Tesla’s China advantage: Today’s Car News

Green Car Reports

Tesla has been given a purchase tax exemption from the Chinese government. We drive Lincoln’s new plug-in hybrid. After a short stint behind the wheel of the 2020 Lincoln Aviator Grand Touring plug-in hybrid, it’s. The Ford Explorer Hybrid gets fuel economy numbers. And could rust generate power?

Plug-in 81
article thumbnail

BYD debuts DM-i PHEV technology and 1.5L Xiaoyun Engine; 43% BTE

Green Car Congress

Xiaoyun engine, which is dedicated for plug-in hybrid vehicles (PHEVs). plug-in hybrid engine is specifically built for the DM-i hybrid technology. In the Chinese government’s recent New Energy Vehicle Industry Development Plan (2021-2035), NEVs are expected to account for 20% of the total sales of new vehicles in China by 2025.

PHEV 305
article thumbnail

Proposed Changes to Federal EV Tax Credit – Part 5: Making the Credit Refundable

EV Adoption

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers. And another 7 PHEVs qualify for credits of between $6,670 and $7,500.

article thumbnail

CATARC and UC Davis establish China-US ZEV Policy Lab to accelerate adoption of plug-in and fuel cell cars in US and in China

Green Car Congress

The University of California, Davis, and the China Automotive Technology and Research Center (CATARC) have entered a new agreement to work together to help speed the commercialization of plug-in and fuel cell electric cars in China. Major international and Chinese automotive and energy companies will also be invited to participate.

Davis 210
article thumbnail

EVs reach 90% market share in Norway as the overall auto market falters – Charged EVs

Baua Electric

In the month of February, plug-in vehicles took 92.1% Battery EVs took a 90% share, as recent tax changes make PHEVs less appealing. Legacy vehicles are subject to heavy taxes, but there are few affordable electric models. of the market, up from 90.1% year-on-year.

Norway 52
article thumbnail

China Ministry of Transport targeting 300,000 new energy vehicles on roads by 2020

Green Car Congress

Xinhua reports that the Chinese Ministry of Transport (MOT) is targeting 300,000 new energy vehicles on China’s roads by 2020: 200,000 new energy buses and 100,000 new energy taxis and city logistics delivery vehicles.

2020 150