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GM expects Chevrolet Silverado EV to get full $7,500 tax credit

Teslarati

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. Fleet customers including for BrightDrop and the Chevrolet Silverado EV will benefit from the $7,500 commercial incentive,” stated General Motors. The all-electric pickup truck is scheduled to launch by 2024.

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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. per gallon excise tax credit. The study examined the economic impact of the biodiesel industry and the negative consequences of allowing the credit to lapse. The US biodiesel industry has grown significantly over the past several years.

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All Western European Countries Will Have CO2-Related Car Taxation This Year; European Auto Industry Urges Harmonization of Schemes

Green Car Congress

ACEA provides an overview of the CO 2 -based vehicle taxes here. The annual Tax Guide gives an overview of motor vehicle taxation in the twenty-seven Member States of the European Union, the countries of the European Free Trade Association as well as Turkey. Tags: Climate Change Emissions Europe Fuel Efficiency Policy.

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Report: Hyundai to introduce new fuel-cell vehicle in 2018 at half the price of Tucson Fuel Cell

Green Car Congress

The Korea Herald reported that Hyundai Motor plans to unveil a new fuel-cell electric vehicle with a price tag of 60 million won (~US$53,900)—around half the price of the current Hyundai Tucson Fuel Cell. With Korean government subsidies of 27.5 million won (~US$30,100).

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Electric Motors Corporation (EMC) Receives First Indiana Incentives to Launch Electric Automotive Technology

Green Car Congress

million in tax credits and up to $200,000 in training grants to Electric Motors Corporation (EMC), based on the company’s plans to establish an electric vehicle industrial development park the state. Earlier in May, Electric Motors Corporation was acquired by Optimax Industries, Inc., Tags: Brief.

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Michigan Awards $543.5M in Tax Credits to Four Battery Makers, Who Announce Plans for $1.7B Investment in Li-ion Battery Plants in Michigan

Green Car Congress

million in tax credits to four battery companies announcing plans to invest more than $1.7 The four companies receiving the tax credits and announcing plant plans are Johnson Controls-Saft Advanced Power Solutions LLC; KD Advanced Battery Group LLC; A123Systems Inc.; The MEGA board approved a state tax credit valued at $44.6

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Lucid introduces new $7,500 discount as EV price war heats up

Teslarati

Lucid Motors has announced yet another discount, this time on top-range variants of the Lucid Air sedan. With 620 horsepower, the dual-motor, all-wheel-drive Lucid Air Touring accelerates from 0-60 mph in 3.4 The effects of the Tesla price cuts from earlier this year are still being felt today.

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