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For consumers shopping for an EV, new rules mean fewer models qualify for a tax credit, ET Auto

The Inflation Reduction Act signed into law in 2022 expanded tax credits ranging from USD 3,750 to USD 7,500 for purchases of new and used EVs, an effort by the Biden administration to stoke demand toward its goal that half of all new vehicle sales be electric by 2030. But qualifying for the credits depends on requirements related to their battery makeup and minerals that get tougher each year. ....

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US Treasury, Energy officials to testify at Senate EV incentive hearing, ET Auto

Deputy Treasury Secretary Wally Adeyemo and Deputy Energy Secretary David Turk will appear at the hearing to examine EV incentives including the federal government s role in fostering reliable electric vehicle supply chains, the committee said on Friday. ....

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Stellantis EV output in Italy falls short as buyers wait for incentives

The automaker, home to brands including Fiat, Peugeot and Chrysler, made 751,384 vehicles in Italy last year, up 9.6% from 2022, FIM CISL leader Ferdinando Uliano said during the union s annual press conference on Stellantis production in Italy. ....

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Ev Tax Credits: US Treasury, Energy officials to testify at Senate EV incentive hearing, ET Auto

Ev Tax Credits: Deputy Treasury Secretary Wally Adeyemo and Deputy Energy Secretary David Turk will appear at the hearing to examine EV incentives including the federal government s role in fostering reliable electric vehicle supply chains, the committee said on Friday. ....

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EV Tax Credit Impact: Ford Raises F-150 Lightning Price, GM Introduces Independent Credit

Ford and General Motors (GM) are revising their pricing strategies following the EV tax credit fallout. ....

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