Remove Global Remove Purchase Remove Standards Remove Tax
article thumbnail

MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

Green Car Congress

In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050).

article thumbnail

81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China. Critical minerals.

article thumbnail

SK On signs 5-year lithium hydroxide supply deal with SQM

Green Car Congress

Under the deal, SK On will purchase up to 57,000 tons of high-quality lithium hydroxide for five years starting in 2023. The IRA offers a tax credit to consumers when they buy an EV with batteries equipped with a certain percentage of critical minerals extracted or processed in the US. million electric vehicles (EVs). Earlier post.).

Supplies 273
article thumbnail

Mitsubishi Motors to launch new Mirage global compact in Japan; 1.0L gasoline engine with 64 mpg US

Green Car Congress

Mitsubishi Motors Corporation (MMC) will launch the all-new Mirage global compact car at dealerships throughout Japan on 31 August at an MSRP ranging from ¥998,000 to ¥1,288,000 (US$12,800 to $16,500). This figure is more than 20% better than Japan’s 2015 Fuel Efficiency Standards. L/100km)—10% better than the 2015 standard.

Japan 287
article thumbnail

Tips for purchasing a new EV amid a vehicle shortage

Plug in America

Global supply chain challenges continue to limit the production of new vehicles. If you are open to colors and options and want your EV sooner, a good dealership will keep your information and notify you when a unit is available for purchase. . There are some exceptions to this standard depending on your state.

article thumbnail

The Global Outlook of Electric Vehicles

Blink Charging

Needless to say, EV sales are increasing globally. In fact, China accounted for half of the worldwide growth of EV sales in 2021, and IEA writes that more EVs were purchased there in 2021 than in the entire rest of the world throughout 2020. The federal US government has expanded its electric vehicle tax credits for new and used EVs.

article thumbnail

J.D. Power: First-time owners find switching to EVs highly satisfactory

Green Car Congress

We know from our research that many consumers have concerns during the purchase consideration process with aspects like battery range and vehicle charging. However, once someone has purchased a BEV, they’re pretty much hooked. —Brent Gruber, senior director of global automotive at J.D.

Power 259