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US battery guidance might slash IRA EV Tax credits

Teslarati

The United States Department of Treasury’s battery sourcing guidance might slash EV Tax credits from the Inflation Reduction Act (IRA). The Treasury will release the battery guidance for the IRA EV tax credits this Friday, April 1, 2023. The battery guidance on sourcing minerals will increase by 10% annually.

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Fixing the Federal EV Tax Credit Flaws: Redesigning the Vehicle Credit Formula

EV Adoption

The Qualified Plug-In Electric Drive Motor Vehicles (IRC 30D) tax credit – commonly referred to as the “Federal EV tax credit” has a number of flaws, but one of the biggest is the poorly-designed formula that determines the amount of the tax credit available for each BEV and PHEV sold in the US.

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Ford begins full production of F-150 Lightning electric pickup; planned annual run rate of 150k at Rouge Center

Green Car Congress

With acceleration from zero to 60 mph in the mid-4 second range with the extended-range battery, the freedom of a 10-kilowatt smart power plant on wheels, a starting price less than $40,000 before available tax credits and software updates that will make it even better over time, F-150 Lightning is attracting new customers to Ford.

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Biodiesel Board Study Asserts Critical Importance of Biodiesel Tax Credit, Calls for Extension

Green Car Congress

The original biodiesel tax credit was passed in 2004 and has been extended twice. Biodiesel produced from both virgin feedstocks (such as soybean oil) and waste feedstocks such as yellow grease and animal fats qualifies for the $1.00 per gallon excise tax credit. The study was conducted by economic analyst John M.

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Ford unveils F-150 Lightning electric pickup; starting at $39,974; arriving in 2022

Green Car Congress

The commercial-oriented entry model starts at $39,974 MSRP before any federal or state tax credits, while the mid-series XLT model starts at $52,974 MSRP, offering additional comfort and technology. —Kumar Galhotra, Ford president, Americas and International Markets Group, Ford Motor Company.

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MP Materials has an ambitious US rare earth supply chain strategy to fuel EV innovation

Charged EVs

Permanent magnet motors are dominant in the EV industry, due to their superior efficiency. The majority of EV traction motors use rare earth magnets. Electric motors work on the principle of electromagnetic motion. Something like 90% of the drive motors in electrified vehicles are powered by rare earth magnets.

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Audi introduces Q5 TFSI e PHEV to US market; EPA-rated at 65 MPGe

Green Car Congress

liter four-cylinder TFSI engine coupled with an electric motor that sits between the engine and 7-speed S-tronic dual-clutch automatic transmission, producing a total combined system output of 362 hp and 369 lb-ft (500 N·m) of torque. The Audi Q5 TFSI e is equipped with a turbocharged 2.0-liter

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