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Colorado Electric Vehicle Tax Credit Rises to $5,000

EV Life

Great news for drivers looking to purchase an electric vehicle in Colorado! But the most exciting part of the new bill for many Colorado residents is the expansion of an additional Colorado Electric Vehicle Tax Credit for qualified drivers looking to purchase electric vehicles. What Are Electric Vehicle Incentives?

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Ford re-opens order books for Mach-E; higher range, lower pricing; all standard range models with LFP packs

Green Car Congress

Ford is re-opening its order banks for the all-electric Mustang Mach-E as completed plant upgrades support production ramp in the second half of 2023, with feature improvements including increased range for standard range battery models to a targeted EPA-estimated range of 250 miles for RWD and 226 miles for eAWD. Earlier post.)

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Ford to boost production capacity of electric F-150 Lightning to 150,000 per year; ability to produce 600K BEVs annually within 24 months

Green Car Congress

Ford Motor Company plans to raise production of the F-150 Lightning pickup at the Rouge Electric Vehicle Center in Dearborn to 150,000 trucks per year to meet high demand, Beginning Thursday, the first group of reservation holders will be invited to place their orders for the F-150 Lightning.

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Foxconn brings EV battery production to two U.S. states

Teslarati

The Asset Purchase Agreement was executed in November 2021, and essentially helped start production of the Endurance electric pickup. ” The move highlights companies bringing EV battery production to the U.S. in an effor to receive tax credits that are part of the Inflation Reduction Act. .”

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Fisker introduces Alaska pickup truck, Ocean with Force E off-road package; 11 Ocean deliveries in Q2

Green Car Congress

Built on Fisker’s SLV-1 platform, PEAR is built using Fisker’s Steel++ development process, resulting in the use of 35% fewer parts than other EVs in class. It will be available for all-wheel drive Ultra and Extreme trims, both at vehicle purchase and as a post-purchase add-on package.

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Tesla to spend almost $2 billion on components from India this year

Teslarati

After years of negotiating with the Indian government over high import taxes on vehicles, a new report shows that Tesla plans to make significant investments in the country this year. However, Tesla’s vehicles are not yet available in India, mainly due to import taxes of as much as 35 percent on automobiles.

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What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

Seize the opportunity to explore, test, drive, and consider an electric vehicle for your next ride as manufacturers expand their product lines to meet growing consumer demand. Here’s what you need to know about using the EV tax credit to lease your new electric vehicle. How Does Obtaining a Tax Credit for a Leased EV Work?