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Rivian CEO suggests leasing is coming soon, unlocking $7,500 EV tax credit

Electrek

Rivian’s CEO, RJ Scaringe, spoke about leasing and how it could unlock more price incentives for customers at Morgan Stanley’s 11th annual Laguna Conference. more… The post Rivian CEO suggests leasing is coming soon, unlocking $7,500 EV tax credit appeared first on Electrek.

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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

EVs cost an average of $9,406 per year (including the purchase price) to run compared to $7,952 annually for gas vehicles (including the purchase price). Although fuel costs are the most ‘present’ cost on peoples’ minds, insurance and tax and also see running costs creep up.

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Virginia General Assembly moving forward with replacing gasoline and diesel fuel tax with sales tax; $100 annual tax for EVs, HEVs and alt-fuel vehicles

Green Car Congress

The Virginia General Assembly is moving forward with legislation ( HB2313 ), that, among its other elements, would abolish the state’s gasoline and diesel fuel taxes and replace them with a sales tax. Currently, both gasoline and diesel carry a $0.175/gallon fuel tax. cents-per-gallon tax. cents-per-gallon tax.

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BMW CEO urging tax subsidies for electric vehicles in Germany to bolster sales

Green Car Congress

BMW CEO Norbert Reithofer is calling for tax subsidies in Germany to help meet the federal government’s target of having 1 million electric cars on the road in eight years. But last year, we sold just 2,000, including 100 at retail,” Reithofer said on Thursday at the “Handelsblatt” annual conference in Munich.

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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

Green Car Congress

A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. We need both a policy like a carbon tax and to put more R&D money into renewables.

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Volkswagen aims for sub-$35,000 EV in the U.S.

Teslarati

However, there are still plenty of car buyers who have no intentions of buying an EV, and price is still a big issue for people moving forward, although they have come down substantially. General Motors has its Chevy Bolt EV that hit a sub-$30,000 price tag , and Tesla is moving toward $30,000, but only after federal and state incentives.

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Stellantis stops building of Canada EV battery module plant over federal price range

Baua Electric

. “We are, as the federal government team working very, very hard on Stellantis, we’re very, very focused on it,” Freeland instructed newshounds on a decision next conferences with G7 companions in Japan. The government has dedicated to lend as much as C$13.2 Thomas, Ontario.

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