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Inflation Reduction Act mandates escalating battery critical mineral requirements to qualify for EV tax credit

Green Car Congress

The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.

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Nikola marks 100-salesorder milestone for Nikola Tre Hydrogen FCEV Class 8 truck; bolstered by HVIP

Green Car Congress

The California Air Resources Board (CARB) Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) program, played a significant role in securing many of the 100 sale orders that are expected to convert to purchase orders following the satisfactory completion of the demonstration programs.

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2020 Audi A8 TFSI e plug-in hybrid carries starting price of $94,000

Green Car Congress

Audi anticipates that customers purchasing the 2020 Audi A8 TFSI e will be eligible for a federal tax credit of up to $6,795. liter, turbocharged V6 engine paired with an electric motor integrated into the torque converter of the eight-speed automatic transmission. Additional state incentives may also be available.

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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. —Chairman and CEO Henrik Fisker.

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Tesla Model 3s from Hertz are going for as low as $14,000

Baua Electric

Hertz is starting to sell some of its Tesla Model 3s and they are going for pretty cheap – as low as $14,000 with the used EV tax credit. Back in 2021, Hertz announced an important effort to electrify its fleet of rental cars, led by a massive purchase of 100,000 Tesla Model 3 vehicles. It would make them as low as ~$14,000.

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Two case studies outline how Houston and Loveland are saving money with EVs in their fleets

Green Car Congress

Loveland is now aiming to convert all of its light-duty fleet vehicles that work within a close distance of the city to EVs. Its efforts to incorporate alternative fuel vehicles (AFVs) into its fleet began in 2002 with an initial purchase of hybrid electric vehicles (HEVs), mainly the Toyota Prius and Ford Escape hybrid.

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8 ZEV states announce US ZEV sales top 260,000 units

Green Car Congress

Californians have purchased or leased more than 100,000 ZEVs. The 8 ZEV states are working together to develop incentives to encourage consumers and businesses to purchase ZEVs, as well as collaborating to streamline codes and regulations dealing with recharging and refueling infrastructure.

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