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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. The good news is that there are now tax credits for individuals and businesses that buy or lease a new or used electric vehicle! First, the easy part: How do I claim the $7,500 EV tax credit?

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GM plans to cut spending on Cruise in half this year

Teslarati

General Motors (GM) held its 2023 earnings call on Tuesday morning, and in it, the automaker detailed its plans to cut spending on the self-driving unit Cruise after one of the company’s robotaxis struck a pedestrian last October. billion before taxes from Cruise, spending about $1.9 billion in cash during the same year.

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After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

General Motors is negotiating a U.S. So even if Ford or GM controls manufacturing, Chinese intellectual property could make these deals a legal gray area. battery-supply deal with China’s CATL, Car News China reports. GM already works closely with CATL, but that relationship is limited to the China market.

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Cruise wants to pay $75,000 to end an investigation into its crash response

Teslarati

After a Cruise self-driving vehicle hit and dragged a pedestrian in October, the General Motors (GM) subsidiary has offered to pay $75,000 to help resolve an ongoing investigation from California regulators. GM suing San Francisco to refund over $108 million in Cruise taxes What are your thoughts?

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More bad buzz for Chevy Blazer EV: software glitches, doors that fly open

Baua Electric

After customer complaints over its software issues, which sparked a halt on sales right before Christmas, General Motors has now issued a small safety recall , which includes the Chevrolet Blazer EV, for vehicles that may have defective doors that could fly open while driving.

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DOE Turns Down V-Vehicle Loan Applications

Green Car Congress

The DOE conducted an extensive technical, market, financial, regulatory, credit and legal analysis following its determination that the applications were substantially complete in May 2009. The second was for $241.2 million to re-equip and tool an existing manufacturing facility as VVC’s first regional assembly plant in Monroe, Louisiana.

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Lordstown Motors Goes Bust

The Truth About Cars

The deal between Lordstown Motors and Foxconn was finalized in May of 2022, with the latter entity buying the former General Motors plant for roughly $230 million. Foxconn was intended to assume production responsibilities after buying $50 million of LMC stock, with an anticipated $170 million being invested later on.

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