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Landry joined the board to assist in dealer and business development for ALTe. When I reviewed the business plan and conducted the due diligence personally it was obvious ALTe had tremendous potential. Based on this I made a personal investment in ALTe and further backed up my support by joining the Board as lead director.
The US Department of Transportation (DOT) and the US Environmental Protection Agency (EPA) are jointly proposing changes to the fuel economy labels consumers see on the window of new vehicles in dealer showrooms. A sample of the second proposed label for an extendedrange electric vehicle. Click to enlarge.
We look forward to sampling one in person. Raptor models get similar treatment, and the Tremor on these digital pages bears a winch and bumper which are described as a dealer-installed option. Also, some formerly optional items – extendedrange 35-gal fuel tank and a hitch, for example – are now standard. ft and 6.5-ft
Extended-range EVs, or EREVs, have become a siren call to automakers struggling to reach buyers with pure electric vehicles, serving as a sort of middle ground between kind of an electric car but also a plug-in hybrid, helping to break through to drivers still worried about getting stranded with no charge. Get started here.
The dealership then submits “time of sale” paperwork to the IRS, and the IRS reimburses the dealer the credit amount. These new guidelines simplify the process for drivers, providing an immediate financial incentive at the point of sale and making dealers, not individuals, collect the tax credit from the IRS.
At these prices, people are buying the "environmental feature" -- they want to be among the first owners of the worlds cleanest extended-range vehicles. Today youd do it to be one of the first to drive the worlds cleanest extendedrange vehicle; in the future, youll do it because its an obvious and affordable win!
Per the IRS: Beginning January 1, 2023, if you buy a qualified previously owned electric vehicle (EV) or fuel cell vehicle (FCV) from a licensed dealer for $25,000 or less, you may be eligible for a previously owned clean vehicle tax credit under Internal Revenue Code Section 25E. As long as they fit certain criteria.
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