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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.

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Tesla confirms new Model 3 Performance configuration is coming

Teslarati

It was the most expensive of the three Model 3 offerings, but it still qualified for the EV Tax Credit. In October, the Parts Catalog showed Tesla was potentially working on a Plaid version of the Model 3. Early in 2024, Tesla removed the Performance configuration from the Model 3’s list of available trims.

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Hyundai is launching two new electric cars in Europe, a low-cost EV and new IONIQ model

Baua Electric

Some parts of Europe, like Germany, ended subsidies on electric cars. Part of the confidence comes from two new EVs hitting the market. Hyundai’s Europe chief criticized Germany’s move to end EV incentives, saying it sent the wrong message about its support for the tech. billion Metaplant is expected to boost output.

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Michigan Adds Another $220M in Tax Incentives for Advanced Battery Companies

Green Car Congress

Granholm signed legislation that increases tax incentives for companies that develop and manufacture advanced batteries. The new law adds an additional $220 million in refundable tax credits for companies involved in the development and application of advanced-battery research, engineering, and manufacturing. Governor Granholm.

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Volkswagen aims to debut new affordable electric vehicles in 2027 with prices around $22,000

Baua Electric

Meanwhile, after failing to find an agreement with VW, Renault still plans to launch a low-cost Twingo e-Tech successor, starting around the same price. The ID 1 will likely pull parts from the ID 2all with smaller battery options, like 38 or 58 kWh. With the tax credit, the current 2LT model starts at $35,795.

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How EV adoption is soaring in unlikely circumstances, and what could make it better

Teslarati

Price Parity and the EV Tax Credit. Luckily, consumers can take advantage of the Inflation Reduction Act, which will provide EV buyers with tax credits based on where their vehicle was manufactured and whether the car equips a U.S.-manufactured Automakers are pushing to produce battery packs and other parts in the U.S.,

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Hyundai is launching an electric van as its first export model based on its new EV platform

Baua Electric

The deal is part of a broader partnership established in March 2022. The architecture features Hyundai’s latest tech for next-gen EVs, including a low-floor design, making loading and unloading cargo easier. The Iveco-badged electric van will be Hyundai’s first export to use its new EV platform.

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