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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

Power EV Index ( earlier post ), a new, advanced analytics tool that tracks the progress to parity of EVs with internal combustion engine (ICE) vehicles in the United States, this steady decline in price mixed with surging availability is setting the stage for a new era of EV price wars. According to the J.D.

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EIA: US renewable diesel capacity could more than double through 2025

Green Car Congress

EIA said that two factors behind growing US renewable diesel capacity are rising targets for state and federal renewable fuel programs and biomass-based diesel tax credits. The “Inflation Reduction Act” extended the biomass-based diesel tax credits through 2024.

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

Green Car Congress

Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. These incentives are in addition to a federal (nationwide) tax credit, which ranges from $2,500 to $7,500 depending on battery capacity and gross vehicle weight. Washington has exempted EVs from the state''s 6.5% sales and use tax.

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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

Although fuel costs are the most ‘present’ cost on peoples’ minds, insurance and tax and also see running costs creep up. Without taking into account incentives and subsidies, taxes on electric vehicles are typically more expensive than gas cars—an average of $183 more per year.

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Chevrolet delivers first Bolt EVs to SF Bay Area customers

Green Car Congress

The Bolt EV begins at a manufacturer’s suggested retail price of $37,495, which includes destination and freight charges, but excludes tax, title, license and dealer fees. Depending on individual tax situations, customers may receive an available federal tax credit of up to $7,500. inch-diagonal color touch screen.

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State EV incentive programs are overwhelmed by demand, forced to pause

Teslarati

As state and federal government agencies have been working to increase the number of electric vehicles on the road in the United States, their primary tool has been EV tax incentives , which give car buyers a sizeable discount on their taxes when they purchase an electric vehicle.

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Converting Coal Power Plants to Nuclear Gains Steam

Cars That Think

In the United States, coal’s share of electricity generation has plummeted since its early 2000s peak; 28 percent of U.S. DOE analysts screened 349 retired and 273 still-operating coal-plant sites across the United States. It is true that, in much of the developing world, coal-fired capacity continues to grow.

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