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Nonprofits Fueling the EV Industry

Clean Fleet Report

The electric vehicle (EV) industry is about to have its most significant sales spike thanks to international legislation and nonprofits ramping up support efforts. Some may wonder about the necessity of nonprofit involvement in the EV industry since companies are already making these cars for commercial use. Electric for All.

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ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

Green Car Congress

Minor changes to an existing Federal tax incentive for second-generation biofuels (i.e., Over the last decade, the second-generation biofuels industry has struggled to reach commercialization. Environmental Protection Agency drastically lowering the amount of cellulosic biofuel that must be blended into gasoline and diesel each year.

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Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

Green Car Congress

Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. For example, an average plug-in hybrid vehicle with a battery capacity of 16 kWh would be eligible for the maximum tax credit of $7,500. Source: CBO. Click to enlarge.

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Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

As noted by Axios , such inventory corresponds to a 92-day supply, which is almost twice the industry average. For context, dealers have about 54 days’ worth of inventory for gasoline-powered cars. A look at Cox’s data showed that some EV brands are seemingly seeing a lack of buyers.

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What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America.

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Hyundai Offering Free Chargers to EV Buyers, Swelling Industry Incentives

The Truth About Cars

That makes the $33,550 (before any federal tax credits or state incentives) Kona Electric the most affordable way to take advantage of the deal. But you’ll still have to find someone to install the unit into your home, to which the manufacturer has offered a $600 credit toward installation.

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Hyundai delivers first 2019 NEXO fuel cell SUV to US customer

Green Car Congress

The first year of maintenance is free of charge and customers are eligible for a tax credit (subject to individual tax circumstances) from the state of California for up to $5,000. NEXO can be leased for $399 (Blue model) or $449 (Limited model) for 36 months and can be purchased for $58,300.

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