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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.

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Kia EV9 wins, Fisker franchises, Tesla tops BYD, leather in EVs: The Week in Reverse

Baua Electric

Which EVs made the tax-credit shortlist in 2024? 2024 Rivian R1S A preliminary list of 2024 EVs qualifying for the tax credit was released early this week by the EPA, and as expected there are very few models qualified for the full $7,500 amount. Which company faced a $1.7 billion fine for diesel emissions cheating?

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Tesla led in 2023 global EV sales, but BYD outsold it in Q4

Baua Electric

Tesla and Chinese automaker BYD were the two global contenders for most EV sales in 2023. million plug-in hybrids. The Chinese automaker appears to have shelved plans to sell passenger cars in the U.S., 7,500 EV tax credit on some of its models, potentially affecting sales in this market.

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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

Key developments in the transportation sector that they note include: Positive for gasoline demand: Strong Chinese car growth in 2010, particularly in the first half of the year, with vehicle sales up 30% year-on-year (YoY) through the first eleven months of 2010. ” The team suggests that this may be the last extension for the credit.

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

Charged EVs

You might not know it to look at them, but these two cars—one Swedish, one Chinese—share underpinnings and a parent company. Volvo and its Chinese parent Geely are very serious about selling cars that plug in. Until now, it’s had no plug-in option. liter 4-cylinder engine and optional all-wheel drive. Volvo’s first EV.

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EV tax credit supply chain rules ease, but China restrictions remain

Baua Electric

In a coordinated push through federal agencies, the Biden administration on Friday released a revised set of regulations applying to the EV tax credit that will ultimately make the credit easier to claim for a wider range of vehicles in 2025 and 2026 but no easier for Chinese companies to gain a foothold on the market.

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XC90 Recharge review, Polestar 3, Rivian R3, EV tax credit update: The Week in Reverse

Baua Electric

In a review of the 2024 Volvo XC90 Recharge , GCR found that this already appealing Swedish SUV package adds more electric range, more power, and more refinement, making it now a nearly ideal pick for families who aren’t always sure about where they’ll be plugging in on the go. tariff hike on Chinese EVs keep them out?