article thumbnail

Apple car, Lexus motor tech, hydrogen fuel-cell tax credit: Today's Car News

Green Car Reports

The federal tax credit for hydrogen fuel-cell vehicles was extended. Apple's reportedly working on an electric car. Lexus detailed new motor technology. This and more, here at Green Car Reports. Apple is reportedly planning to launch an electric car with game-changing battery technology, Reuters reported on Monday.

article thumbnail

Tesla stock climbs on tax credit inclusion, continuing stratospheric rise in 2023

Teslarati

Tesla stock ( NASDAQ: TSLA ) continued to climb on Friday following news that Model Y vehicles would completely qualify for electric vehicle tax credits. The stock has risen over 77 percent so far this year after a broad market downturn that widely hurt the tech and automotive sectors in 2022.

article thumbnail

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.

article thumbnail

Why Tesla Model Y tax credit inclusion is good for some and bad for others

Teslarati

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. While it may seem like the company’s huge price cuts coupled with the tax credit would be good for everyone, it spells bad news for competitors that offer comparable EVs in the same category.

article thumbnail

Toyota EV tech details; EV tax credit controversy; Tesla, Hertz, and Uber: The Week in Reverse

Green Car Reports

Which company aims to help install 40,000 more destination chargers? Which EV startup plans to use Panasonic cylindrical cells, like Tesla? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending October 30, 2021.

article thumbnail

Toyota bZ4X tech preview, VW electric Bus prototype, EV tax credit expansion: The Week in Reverse

Green Car Reports

Which brand announced the development of its urban electric van concept? Which proprietary charging network made some of its chargers available to more EV drivers this week? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending November 5, 2021. In one of our most popular pieces of the week.

article thumbnail

Mustang Mach-E prices, Kia EV9, expensive EV leases, CARB and EV tax credit shape the future: The Week in Reverse

Green Car Reports

Which EV maker announced this week that its tech will be used in watercraft? What controversial option on Tesla vehicles was given a price increase this week? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending August 26, 2022.