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New York State adjusts EV rebate program, adds $30M

Green Car Congress

An additional $30 million is now available through New York State’s Drive Clean Rebate program to encourage more consumers to lease or purchase an all-electric car or plug-in hybrid electric vehicle. New rebate levels as of 30 June 2021 will be: EV Range/Price. New York City. 200 miles or more. REDC Region.

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CMU study finds taxes on emissions would result in more rapid electrification by ridesharing companies

Green Car Congress

Researchers at Carnegie Mellon’s College of Engineering have found that with an emissions-based incentive towards electrification, ridesourcing companies such as Uber and Lyft would electrify more and cut their emissions by amounts ranging from 10% in New York to 22% in Los Angeles. —Bruchon et al. Source: Bruchon et al.

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Kia looks to secure US federal tax credit for EV9 in 2025

Teslarati

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. By producing the EV9 in Georgia, the all-electric SUV could qualify for a partial EV tax credit. Don’t hesitate to contact us with news tips.

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Lucid Air debuts in New York; completes first high speed stability test at 217 mph

Green Car Congress

Lucid Motors made its global auto show debut at the New York International Auto Show, presenting the Lucid Air luxury electric sedan and also presenting its Alpha Speed Car test vehicle, which had just completed its first high-speed stability test at 217 mph (349.2 The Lucid Air is priced from $52,500 after federal tax credits.

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How Does the Electric Car Tax Credit Work in 2023?

Setec Powerr

One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1 In 2023, the tax credit remains available for eligible new electric vehicles but has undergone some changes compared to previous years.

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Tesla launches limited-time 0.99% APR loan rate on U.S. Model Y orders

Teslarati

The promotional financing can be used on loan terms ranging from 36 to 72 months, and it’s available on all three Model Y trim options. On Friday night, Tesla launched the promotional financing on its website for the Model Y, offering a 0.99

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NY launches first EV charging station installation rebate initiative for public and private locations; $5M available

Green Car Congress

New York Governor Andrew M. Administered by the New York State Energy Research and Development Authority (NYSERDA), the new Charge Ready NY initiative provides a $4,000 rebate per charging port for public or private employers, building owners, municipalities and non-profit organizations to install Level 2 charging stations.