The Truth About Cars

FEBRUARY 1, 2024

A recent survey, conducted by Automotive News , has indicated that automotive dealerships are still broadly dissatisfied with the Biden administration’s strategy to force the United States to pivot toward all-electric vehicles. As for dealers, there’s some amount of disagreement as to what’s holding EVs back.

Dealers 104

Dealers Auto Durango Tax Credit 104

Teslarati

JULY 11, 2023

Beyond Tesla, however, it appears that the picture is much different in the United States. As per inventory data from Cox, the nationwide supply of electric vehicles in stock swelled by almost 350% this year to over 92,000 units. For context, dealers have about 54 days’ worth of inventory for gasoline-powered cars.

Tax Credit 145

Tax Credit Hummer Highlander Tesla 145

Baua Electric

JANUARY 23, 2024

January 1, 2023, kicked off a fresh start of new tax credits for vehicles, both new and used. Since then, much of the dust has settled on the Capitol as it continues to implement qualifying terms for tax credits , continuously shifting what used EVs do and do not qualify. Here’s the latest list. Here’s how it works.

Tax Credit 52

Tax Credit Tax PHEV 2018 52

Clean Fleet Report

MARCH 2, 2023

Is an EV Genesis, the luxury division of Hyundai Motor Group, began this past week producing its first model in the United States at the sprawling HMG factory in Montgomery, Alabama. All base pricing includes the mandatory $1,125 destination fee, and qualifies for the federal $7,500 tax credit and any state rebates.

Hyundai 89

Hyundai Alabama South Korea All-Electric 89

Cars That Think

DECEMBER 18, 2022

The Administration is undertaking multiple actions to place the United States on what it calls an “ irreversible path ” to achieve a 50-52 percent reduction in greenhouse gas emissions by 2030 from a 2005 baseline, and then to achieve net-zero emissions by 2050. economy away from fossil fuels. electric vehicle sales to the new law.

Global 126

Global China South Korea Chinese 126

EV Adoption

NOVEMBER 26, 2021

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

Tax Credit 116

Tax Credit Tax F-150 PHEV 116