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President Biden signs Inflation Reduction Act, cut EV tax incentives

Teslarati

According to Yahoo News , some other notable models that will be affected by these changes include most of Tesla’s lineup , as most of the company’s vehicles are currently sold above the $55,000 limit. Top-of-the-line Ford F-150 Lightnings will also no longer be eligible. What do you think of the article?

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Suzuki to end hybrid development with GM

All Cars Electric

Last month, Volkswagen increased its stake in Suzuki to 19.9%, while General Motors relinquished their last remaining shares in the company. The ramifications of these equity shifts is that GM will be replaced by Volkswagon as the source of Suzuki's alternative fuel / propulsion technologies.

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Tesla Aiming For New Milestone Of Two Million Cars

MyEVOnline

Elon Musk, CEO of Tesla, posted the picture of a red Model Y on his Twitter along with his team, announcing the one-millionth car on March 9th, it took the company only 12 years to reach the mark since it produced its first car back in 2008. This means the company is quite ahead of its targets. So, Why’s That a Big Deal?

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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

As companies break ground on new factories in the U.S By incentivizing automakers to source their battery components and critical minerals from the U.S or its trading partners, the federal government is shifting supply chains away from China and encouraging domestic investment.

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Super Charge It

Plug In Partners

GS Yuasa Corporation , Mitsubishi Corporation, and Mitsubishi Motors Corporation announced that, effective December 12, they have formed the joint venture company " Lithium Energy Japan " to produce large capacity and high performance lithium-ion batteries.

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Ford, VW Ante Up

Plug In Partners

First, there is this story from Volkswagon. 2007 Ford Motor Company has embarked on a bold mission to bring back the Escort name in a revolutionary new Plug-in Hybrid vehicle. M omentum for a Plug in Future continues. Apparently, VW is set to unveil an Up!-based based minivan in Tokyo, followed by a plug-in hybrid sedan at Los Angeles.

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