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Rivian (RIVN) wins in Georgia as EV maker gets green light to build $5B facility

Electrek

Despite opposition, the Georgia Supreme Court declined to hear an appeal contesting the legitimacy of Rivian’s expected property tax breaks for its new $5 billion EV facility in the state. more… The post Rivian (RIVN) wins in Georgia as EV maker gets green light to build $5B facility appeared first on Electrek.

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DOE: Average annual gasoline taxes paid per vehicle, by state, 2019

Green Car Congress

According to the Federal Highway Administration, the average fuel economy for all light vehicles on the road today is 22.3 The Federal tax on gasoline is 18.4 cents per gallon, and each state has a gasoline tax, ranging from 8.95 miles per gallon (mpg) and the average annual miles driven is 11,484 miles. cents in Alaska to 58.7

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Audi Activesphere concept, Toyota EV platform, tax-credit dissent: Today’s Car News

Green Car Reports

And a Senator says the new EV tax credit isn’t being enacted according to the law. This and more, here at Green Car Reports. The green light has reportedly been given to a dedicated Toyota EV platform—like. Audi reveals an electric pickup, of sorts.

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Average price of new light trucks in 2019 was 43% higher than average price of new cars

Green Car Congress

Prices for new light trucks—pickups, vans, and sport utility vehicles (SUVs)— averaged 43% more than new cars in 2019. From 1990 to 1995, cars had a higher average price than light trucks. Light trucks include classes 1-3. Prices are adjusted to account for inflation using the Consumer Price Index.

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Inflation Reduction Act mandates escalating battery critical mineral requirements to qualify for EV tax credit

Green Car Congress

The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.

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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.

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California Governor signs bill exempting zero-emissions transit buses from state sales tax until 2024

Green Car Congress

California Governor Gavin Newsom has signed AB 784 into law, thereby exempting zero-emissions transit buses from state sales tax until 2024. A cutaway bus includes an original van or light- or medium-duty truck chassis that has been reinforced or extended.

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