Teslarati

JANUARY 31, 2024

General Motors (GM) may not be catching up to electric vehicle leaders like Tesla anytime soon, but CFO Paul Jacobson has noted that the automaker’s EV business is still on the right path. ” GM’s electric vehicle efforts were hampered somewhat in 2023, with a company spokesperson noting that the automaker would have $1.7

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GM Financing General Motors Tax 81

Green Car Reports

DECEMBER 23, 2023

Which EV models are losing their tax-credit eligibility in 2024? Which new Toyota plug-in hybrid is claimed to go 55 electric miles in its home-market version? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending December 22, 2023.

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BMW Tax Credit Tax GM 153

Baua Electric

JANUARY 23, 2024

January 1, 2023, kicked off a fresh start of new tax credits for vehicles, both new and used. Since then, much of the dust has settled on the Capitol as it continues to implement qualifying terms for tax credits , continuously shifting what used EVs do and do not qualify. Here’s the latest list. Here’s how it works.

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Green Car Reports

OCTOBER 21, 2023

Which long-running EV nameplate reclaimed eligibility for the EV tax credit? The 2024 Lexus TX 550h+ plug-in hybrid is the best version of. Which automakers this week announced a shift to the Tesla-based NACS charge port?

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Lexus Tax Credit PHEV Concept 133

EV Adoption

AUGUST 4, 2022

Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV tax credit requirements. That is a very good thing, but tying this requirement to a consumer-facing tax credit that results in few or zero EVs qualifying, is probably not the best approach.

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Baua Electric

FEBRUARY 3, 2024

GM this week announced that it is ready to bring some plug-in hybrid models back to the North American market. The survey claims to have found that dealers are particularly concerned about proposed EPA emissions rules and surprisingly uninterested in even registering for the EV tax credit as a point-of-sale rebate. of the U.S.

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Plug-in GM Ford Plug 52

EV Adoption

AUGUST 18, 2021

A key component of the CEAA is nine proposed changes to the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) — more commonly known as the “federal EV tax credit.”. I’ve written extensively on the tax credit and especially its many flaws, ineffectiveness, and areas in the regulations that desperately need fixing.

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Tax Credit Tax Parts GM 105

Baua Electric

JANUARY 3, 2024

As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place. How much is the federal tax credit?

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Tax Credit Tax Electric Vehicles Vehicles 52

EV Adoption

FEBRUARY 23, 2021

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. It won’t solve the problem.

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Green Car Reports

OCTOBER 24, 2018

Beginning next April, buyers of General Motors’ electric vehicles and plug-in hybrids won’t be getting the same break on their purchase as those who buy those vehicles from any other brand. GM has confirmed to Green Car Reports that it will reach 200,000 deliveries of vehicles eligible for the.

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Tax Credit GM Tax General Motors 124

Clean Fleet Report

SEPTEMBER 2, 2022

One of the most intriguing of these changes for car buyers is a revamped electric vehicle (EV) tax credit. How Much Can You Get from the EV Tax Credit? The new EV tax credit, like the one that preceded it, offers up to $7,500 for electric passenger cars and light trucks. A tax credit also applies to used EVs.

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Tax Credit Tax F-150 Congo 78

EV Adoption

NOVEMBER 26, 2021

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable. More on this below.

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Tax Credit Tax F-150 PHEV 116

Baua Electric

JANUARY 2, 2024

The list of electric vehicles qualified for the EV tax credit in calendar year 2024 has been released. Also of note: No Rivian electric truck qualifies for the full $7,500 tax credit amount in 2024, at this time. In 2025, the tax credit rules will be extended to mining, processing, and recycling of critical minerals.

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Tax Credit Tax Chevrolet Jeep 52

Plug in America

AUGUST 17, 2022

What the new EV tax credits in the Inflation Reduction Act mean for you. You may have heard about the Inflation Reduction Act (IRA) which includes the new federal EV tax credit and has now been signed into law by President Biden. . The new EV tax credit has spurred confusion among interested consumers.

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Tax Credit Tax North America America 95

Teslarati

JANUARY 30, 2024

General Motors ( NYSE: GM ) reported strong quarterly earnings for Q4 2023 today, but electric vehicle fans might be disappointed with the company’s outlook. GM beat Q4 estimates on revenue by reporting $42.98 ” Barra said she does expect GM to be profit positive by 2H 2024. billion, better than the $39.53

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Baua Electric

FEBRUARY 28, 2024

The next-gen Chevy Bolt EV is due out next year after GM ended production of its top-selling electric model at the end of 2023. GM’s CFO Paul Jacobson says the new Bolt EV will save the company billions by becoming North America’s first Ultium-based model to use LFP batteries. We’ve got a really good product that customers love.

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Affordable GM Battery Batteries 52

Green Car Reports

MARCH 29, 2019

Consumers have less than three days to buy a plug-in Chevy Volt or Bolt EV from GM and still qualify for the full $7,500 federal tax. Nor does GM have any plans to cut prices after the tax cut expires on Monday, as Tesla did with its cars after the tax credit.

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Tax Credit Tax Chevrolet Volt 103

Baua Electric

APRIL 25, 2024

Following similar announcements from rivals, Hyundai is adding more hybrids to its lineup as a bridge to its next-gen EVs. Hyundai will add hybrid production lines at its dedicated EV plant in Georgia as demand rises. Meanwhile, hybrids accounted for a larger portion of sales in Korea (21% vs. 14.7%), the US (10.9% vs. 15.9%).

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Hyundai Hybrid Tax Credit Sale 52

Green Car Reports

AUGUST 29, 2019

GM faces another drop in its EV tax credit amount next month. And there might be a Toyota RAV4 plug-in hybrid in the works. Tesla is launching its own insurance product. Nio positions battery-swapping as an alternative to fast-charging. All this and more at Green Car Reports. Tesla has launched an insurance product.

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Plug-in Tax Credit Plug Hybrid 86

Baua Electric

MAY 4, 2024

Which automaker is adding hybrid production at its U.S. Which Lexus model has gone hybrid-only for 2025? Yesterday in a review of the Acura ZDX Green Car Reports looked at whether the first fully electric vehicle from this Honda luxury brand keeps it on-brand—even with GM bones. dedicated EV plant?

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Acura Jeep Plug-in Hybrid 52

EV Adoption

NOVEMBER 29, 2021

In my previous article, Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives , I outlined and analyzed 13 proposed changes to IRC 30D (federal EV tax credit). In this brief article I will share the 3 scenarios that lead to an EV being completely disqualified from any available tax credit amount.

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Tax Credit Tax Hummer PHEV 52

Green Car Congress

APRIL 27, 2012

GM expects that the North American introduction of a 2.0L Compact cars with diesel engines typically deliver more than 40 miles per gallon, spirited performance, strong durability and high lease residual values, according to GM—all attributes Chevy expects to be true of the Cruze Diesel as well. Earlier post. ).

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Diesel GM Market 2013 290

The Truth About Cars

MAY 17, 2024

He stated that he believes the future GM remains electric and that a sports coupe focused on sublime driving dynamics and a lower price point would be preferable to a model that’s focused on lap times and output figures. Even if the Camaro comes back as a car, don’t expect it to be a coupe.

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Ford Chevrolet General Motors GM 101

Teslarati

FEBRUARY 10, 2024

It also comes after Ford last month adjusted its F-150 Lightning production forecast for 2024 to about half of what it had originally planned, as it refocuses on hybrids and gas vehicles for the coming years. billion in earnings before interest and taxes. percent increase from its EV sales in October, as well as an 8.9-percent

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F-150 Ford Europe Norway 141

Green Car Congress

AUGUST 30, 2009

The Saturn version of the two-mode plug-in hybrid at the Milford Proving Grounds. On 11 August, GM invited approximately 75 journalists and auto analysts to spend a day learning about the new GM. GM also gave a tour of the pre-production area where we could see production-intent Chevy Volts being assembled.

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GM Buick Fuel Economy Economy 262

Green Car Reports

FEBRUARY 22, 2018

market without the $7,500 federal tax credit for their purchases of plug-in vehicles. While the tax credit ended up surviving the massive tax-cut bill passed in December, some automakers are still about to face the end of the incentive. Toward the end of last year, electric-car shoppers began to think about a U.S.

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Tax Credit Tax Electric Cars Sale 83

Electric Auto Association

JULY 2, 2022

Extreme EVs, Hyundai, GM, Ferrari, and more. GM Retroactive refund! GM is slashing prices and offering retroactive discounts on Chevy Bolt electric vehicles (TVs). Ferrari 80% electric by 2030 The luxuruy carmaker will produce a mix of hybrids and all-electric vehicles to reach this 80% milestone. Chevrolet Bolt.

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Ferrari Buick Tax Credit Lithium Ion 67

Green Car Congress

JANUARY 2, 2013

While the number of available hybrid models in the US will also increase this year, Polk anticipates only a slight improvement in this category from its current level of approximately 2.9% However, our baseline forecast hinges on Washington’s ability to draft a budget plan that will avoid $600 billion in spending cuts and tax increases.

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Teslarati

JUNE 10, 2022

Additionally, the 2022 Toyota RAV4 Hybrid was a market leader among hybrid shoppers. The government’s tax credit program for electric vehicle purchases has offered consumers yet another reason to consider EVs. Toyota is set to be the next automaker to be disqualified from offering the $7,500 electric vehicle tax credit.

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Tax Credit Tesla Gas-Electric Tax 83

Green Car Congress

OCTOBER 28, 2009

Fisker Automotive has selected the GM Wilmington Assembly plant in Wilmington, Delaware for production for Project NINA, the development and build of a family-oriented plug-in hybrid sedan costing about $39,900 after federal tax credits. Earlier post.). Fisker Automotive has signed a letter of intent with Motors Liquidation Co.

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Fisker GM Tax Credit Production 186

Baua Electric

JANUARY 15, 2024

EV since its limited-availability Clarity Electric, but its 2024 Prologue SUV , an effort with GM, arrives in a few months. On the other hand, Honda is in the midst of transitioning its models to hybrid propulsion—with the 2024 Honda Civic Hybrid due soon. 2024 Honda Prologue Honda hasn’t had a U.S.

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Honda Affordable Acura Battery 52

EV Adoption

MARCH 9, 2021

This past week was a whirlwind of EV news and developments from FedEx’s plans to electrify its fleet by 2040, VW saying it expects 50% of its US sales to be from EVs, to GM’s likely plans to build a second battery factory with LG Chem, and much more … Automaker/EV Models. VW expects half of U.S. – March 5, via CNBC.

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GM Hummer GMC Battery 52

Green Car Congress

FEBRUARY 27, 2016

Chevrolet’s latest hybrid technology will also be available in the Malibu XL lineup later this year. GM’s popular Ecotec 1.5L liters/100 km (39 mpg US), and is eligible for the Chinese government’s 50% purchase tax cut for vehicles with small-displacement engines. Earlier post.). The Malibu XL with a 1.5L

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Chevrolet China Hybrid MPG 150

Baua Electric

MAY 7, 2024

Tax exemption for EV purchases and non-financial support remain in place, after an extension, as the automotive industry is seen as one of the key drivers of economic growth. Some province-led support and investment also remains in place and plays an important role in China’s EV landscape.

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Costa Rica Cars Brazil Thailand 52

Setec Powerr

SEPTEMBER 20, 2022

Congress and self-proclaimed “car enthusiast” Biden previously promised tens of billions of dollars in loans, manufacturing and consumer tax credits, and grants aimed at accelerating the U.S. GM CEO Mary Barra, Stellantis CEO Carlos Tavares, Chairman John Elkann, and Ford Executive Chairman Bill Ford Jr.

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Detroit Auto Congress Tax Credit 97

Baua Electric

JANUARY 4, 2024

Ford F-150 Lightning and E-Transit charging (Source: Ford) Ford remains second in US EV sales amid record Q4 Ford edged out GM, which sold 19,469 EVs in Q4 , down slightly from the previous quarter. GM ended production of its top-selling Bolt EV as it ramps production of its Ultium vehicles.

F-150 52

F-150 Ford Sale Hyundai 52

Electric Auto Association

SEPTEMBER 9, 2022

The Inflation Reduction Act (IRA) is a massive climate, health care, and tax bill with the overarching goal of slowing the rise in consumer prices that have been climbing at the fastest pace in approximately 40 years. For all tax related items, consult with a tax advisor. Most comprehensive climate package in U.S.

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Tax Credit North America Tax Kentucky 90