Remove Financing Remove GM Remove Motoring Remove Tax Credit
article thumbnail

Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.

article thumbnail

Electric Vehicle Spotlight: Financing a Chevrolet Bolt EUV

EV Life

General Motors was one of the original pioneers of electric cars, introducing the EV1 in 1996 and the game-changing Volt in 2010. Both come with a 200-hp electric motor, provide an EPA-estimated 247 miles in range, and are available in front-wheel drive only. Federal, State, and Local EV Incentives Federal Tax Credit.

article thumbnail

Hyundai fast-tracks start of EV production in the US as it gains recognition with its own day

Baua Electric

Hyundai announced its fast-tracking production at its Hyundai Motor Group Metaplant America (HMGMA) in Georgia. Hyundai initially planned to begin production early next year, but the automaker is plowing ahead with the $7,500 federal tax credit on the line. It even tops Rivian’s $5 billion EV factory outside of Atlanta.

Hyundai 52
article thumbnail

Farley: Chinese language automakers turning into EV ‘powerhouse’

Baua Electric

Ford Motor Co. “We see the Chinese as the main competitor, not GM or Toyota,” Farley stated Thursday on the Morgan Stanley Sustainable Finance Zenith. “The Chinese are going to be the powerhouse.” Ford has confronted complaint from Sen. Marco Rubio, R-Fla., for the plan. ” Farley stated.

Chinese 52
article thumbnail

What Does GM’s “30 New EVs By 2025” Promise Mean for the US Market?

EV Adoption

In the last year GM has initiated a full court press on the public relations front around its electric vehicle plans. It seems like a week hasn’t gone by without an email in my inbox from GM about an embargoed press release and some upcoming GM EV event or announcement. GM Stock Chart: Yahoo Finance.

GM 116
article thumbnail

GM Working with Communities to Develop Roadmap For Plug-in Infrastructure

Green Car Congress

General Motors is working with communities such as San Francisco to develop a plan of action to establish the supporting technical and policy infrastructure required for broad commercialization of plug-in electric vehicles such as the upcoming Chevrolet Volt. GM described its approach at the Washington Auto Show. Required Stakeholder.

Plug-in 150
article thumbnail

Electric Vehicle Spotlight: Financing Chevrolet Blazer EV

EV Life

We’ll also show you how to save a ton of money by financing your purchase through EV Life. Chevrolet Blazer Specs, Design, and Safety Features Chevy Blazer Interior and Exterior Like most new EVs by Chevrolet, the Blazer was designed from the ground up using GM’s Ultium platform. EV Incentive Programs · Federal Tax Credit.