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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The current federal electric vehicle tax scheme is a pain. Roberson et al.

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How Does the Electric Car Tax Credit Work in 2023?

Setec Powerr

One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1 In 2023, the tax credit remains available for eligible new electric vehicles but has undergone some changes compared to previous years.

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T&E: Rising use of private jets sends CO2 emissions soaring

Green Car Congress

CO 2 emissions from private jets in Europe increased by nearly a third (31%) between 2005 and 2019, rising faster than commercial aviation emissions, according to a new report from environmental campaign group Transport & Environment (T&E). increase in private flight sales in July 2020 alone. One operator reported an 11.3%

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Mercedes-Benz’s Q1 2024 report shows revenues are down, but its share of EV sales is growing

Baua Electric

As you’ll see below, EV sales continue to grow in Mercedes-Benz’s portfolio (although there’s a slight catch). billion) in earnings before interest and tax (EBIT) in Q1 2024. Those earnings contributed to an adjusted Return on Sales of 9.0% (down from 14.8% One of the most notable numbers is Mercedes’ €3.86 billion ($4.18

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Survey finds big shift in UK buyers’ attitude to diesel; more concern over running costs than environment

Green Car Congress

With engine performance and good fuel consumption being rated as the two most important factors for car buyers, the shift from diesel to gasoline is more about running costs than concerns about the environment, following the diesel emissions scandal last year. There appears to have been a dramatic shift in the petrol and diesel sales seesaw.

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T&E study finds plug-in hybrids show higher CO2 emissions than claimed

Green Car Congress

Three of the most popular plug-in hybrids in 2020 all emitted more CO 2 than advertised when tested in the real world, according to tests commissioned by European environmental NGO Transport & Environment (T&E). T&E said governments should therefore end the purchase subsidies and tax breaks for plug-in hybrids.

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BMW EV sales skyrocket in 2022, spur further growth in 2023

Teslarati

According to BMW 2022 sales data, the premium German automaker more than doubled its EV sales during the year compared to 2021. But the brand has made strides to address this concern, and in 2022 it rapidly grew EV sales to new highs. While BMW Group sales were down by 4.8% to 215,775 units globally.

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