Tag: EV tax credits
Treasury Dept. announces consumer leases can qualify for new EV tax...
As of January 1, 2023, automakers selling EVs with final assembly outside of North America could qualify for a commercial vehicle tax credit, according...
Goldman Sachs says big bucks in store for green energy infrastructure
Goldman Sachs believes the Biden Administration’s Inflation Reduction Act could breathe new life into the U.S.’s green energy infrastructure.
In an interview with CNBC, Michele...
EU seeks changes to ‘discriminatory’ U.S. Inflation Reduction Act
The Inflation Reduction Act, which is set to go into effect this January, might make America a global leader in the electric vehicle market...
Study reveals most car buyers ‘somewhat familiar’ with new EV tax...
Cox Automotive Mobility's newest survey found that electric vehicle owners are only 'somewhat familiar' with new EV tax credits included in the Inflation Reduction...
Biden vows to continue talks with South Korea over EV tax...
President Joe Biden has reached out to South Korean President Yoon Suk-yeol, signaling his willingness to continue negotiations with the country regarding the recently...
Only 20 EVs are still currently eligible for tax credits
The Biden administration said yesterday that about 20 models of electric vehicles would qualify for tax credits worth up to $7,500 through the end...
Senate passes Inflation Reduction Act, expands EV tax credits with conditions
Controversial news for the electric vehicle industry and automakers as the Senate passed a slimmed-down version of the Inflation Reduction Act. The bill now...
Carmakers say pending climate action bill presents more barriers than opportunities
Carmakers, including Ford, General Motors, and Toyota, are unhappy with the new pending clean energy bill since it might disqualify many of their vehicles and...
Manchin, Schumer reach surprising deal on hefty climate action bill
In a surprise turn of events, Senate Majority Leader Chuck Schumer and Senator Joe Manchin announced a deal that includes $369 billion for energy and...
Toyota sells its 200,000th plug-in electric vehicle, loses EV tax credits...
During the second quarter, Toyota sold its 200,000th plug-in electric vehicle, marking the phaseout of U.S. EV tax credits (up to $7,500) for its...
