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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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EIA: California home to almost half of US plug-in electric vehicles

Green Car Congress

Total US sales of plug-in electric vehicles (PEVs)—battery electric and plug-in hybrid electric—have increased in recent years, but still represent only about 0.7% Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. of new vehicle sales in 2014 so far, up from 0.6% in 2013 and 0.4%

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New propaganda video on electric-car tax credits: time to debunk!

Green Car Reports

federal income-tax credit for purchase of an electric car has seen its share of attacks over the years. Now a new video seeks to twist the facts to paint those subsidies in a bad light.

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2023 was a tremendous year for both EVs and Plug In America!

Plug in America

Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. New federal EV tax credits were expanded and updated, and credits for used and commercial EVs became available for the first time in January. We also provided feedback from EV drivers (Thanks to you!)

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US plug-in hybrid sales hit a record high in 2023

Baua Electric

Plug-in hybrids reached record sales in 2023, with more than 250,000 vehicles sold, or about 20% of total plug-in vehicle sales, according to the Department of Energy. The combined market share of hybrids, plug-in hybrids, and EVs rose to 16.3% of total light-duty vehicle sales in the U.S., up from 12.9% up from 12.9%

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Hyundai lowers entry price, bumps all-electric range on new 2018 Sonata Plug-In Hybrid

Green Car Congress

Hyundai has lowered the price and slightly increased the all-electric range of the refreshed 2018 Hyundai Sonata Plug-In Hybrid (PHEV). The starting price for the 2018 Sonata Hybrid Plug-In is $33,250, a $1,350 reduction from the 2017 model. LED Headlights with Dynamic Bending Light. 27 miles in the outgoing model).

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ALTe LLC Approved to Receive an $8.4M MEDC Tax Credit for Electric Powertrain Development, New Facility in Auburn Hills

Green Car Congress

Michigan-based electric powertrain company ALTe LLC ( earlier post ) was approved to receive a tax credit valued at $8.4 ALTe is developing light- and medium-duty series plug-in hybrid electric vehicle powertrain systems—initially as conversions, but ultimately extending to an OEM basis.