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DOE awards $98M in tax credits to automakers and suppliers for clean technology manufacturing

Green Car Congress

The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. Funded at $2.3 Funded at $2.3 Lead organization. Description.

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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. At that time, this order process will close.

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Ford Investing $550M to Retool SUV Plant to Produce Focus Small Car and EV

Green Car Congress

The plant, formerly the Michigan Truck Plant and the production site for Ford Expedition and Lincoln Navigators SUVs, is one of three North American light truck plants Ford is retooling to build fuel-efficient global small cars in the coming years. Local property tax incentives for new investments at the site. Earlier post.)

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Road Test: 2023 Toyota RAV4 Prime XSE AWD PHEV

Clean Fleet Report

With 302 total system horsepower, the RAV4 Prime is the quickest Toyota SUV with 0-60 mph times of 5.4 The other important driving tool to increase efficiency and range, one that is on most hybrid, PHEV or battery electric cars, is regenerative braking, which converts kinetic energy into the battery when applying the brakes or coasting.

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Lucid: order your Air now before the federal tax credit goes away

Green Car Congress

Among the many provisions of the bill is the revamping of the federal EV tax credit to require, among many other things, an MSRP of less than $55,000 for cars and $80,000 for SUVs and trucks. Once the bill becomes law, the Lucid Air—with an MSRP of $87,400—will no longer qualify for this federal tax credit.

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Exclusive: 2023 Cadillac Lyriq Preview

Clean Fleet Report

This means the massively popular Escalade will be gone or reengineered, as well as the CT4 and CT5 sedans, and all the XT SUV models. Cadillac is banking on this massively stylish midsize SUV to be a game-changer for the brand–maybe even its savior. The Lyriq pricing strategy will cause a ripple effect for other premium or luxury SUVs.

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Flash Drive: 2023 Cadillac Lyriq

Clean Fleet Report

This Flash Drive review will take a quick look at this luxury midsize SUV, with a full Road Test review coming later in the year where we will dive in deeper to the performance, features and real-world driving range. The Lyriq will qualify for state and local tax credits or incentives that could reduce the final purchase price.