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The US’s largest renewable developer says it’s ‘unlikely’ GOP would gut clean energy tax credits

Baua Electric

The US’s largest renewable developer on the IRA The Biden administration’s landmark climate change law, the Inflation Reduction Act, has created a US clean energy manufacturing boom, thanks to the generous tax credits and other incentives. The Republican Party says it’s going to work to repeal it. But time will tell.

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The Volvo EX30 Is Delayed to Fix Software Issues

The Truth About Cars

Volvo had already delayed the EX90 because of software problems with its LiDAR system, but the EX30 is expected to be the automaker’s volume EV, as its price starts at around $35,000. after Volvo gets the EX90 rolling at its South Carolina factory, which will open at least partial EV tax credit eligibility for both models.

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The 2024 Chevy Blazer EV has a quirky $4k discount for Tesla drivers

Baua Electric

The $4,000 discount applies to both 2024 Chevy Blazer EV leases and purchases and according to CarsDirect, it can be stacked with other deals, such as the $7,500 tax credit and the $1,000 Costco member-only incentive. All of that adds up to a nice price reduction for an EV with a base price in the mid-$50s.

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Biden quadruples tariffs on Chinese EVs, up from 25% to 100%

Baua Electric

However, given Chinese EVs are incredibly affordable , even a 25% tariff might have resulted in competitive prices. But the excellent Volvo EX30 is set to release this year at a starting price of $35k, which was inclusive of the 25% credit. Most of these tariffs go into effect this year, though some will be imposed next year.

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2025 Polestar 3 starts at $74,800 and 315 miles, US deliveries in Q2

Baua Electric

in the second quarter of 2024, at a starting price of $74,800, and it’s now available to configure and order, the company announced Tuesday. Plus Pack versions add 25-speaker, 1,610-watt Bowers & Wilkins audio and upgraded upholstery—wool or “bil-attributed MicroTech”—at a price of $80,300. seconds (versus 4.9

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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

With used vehicles selling at prices sometimes as much as or higher than brand new models due to parts shortages and semiconductor constraints, Ford may be looking to take used EVs and make another profit on them after an initial lease is up. . ” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits.

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10 Reasons Your Next Car Should Be an EV

Plug in America

According to an analysis from Environmental Defense Fund, states like Tennessee, Michigan, Ohio, Indiana, Kentucky, Kansas, and North and South Carolina are big winners in manufacturing investment. It also protects drivers from the price volatility at the pump. Many EV models are eligible for up to $7,500 in income tax credits.