Tag: Inflation Reduction Act
Why the auto industry is torn over EV infrastructure
Mark LaNeve is the president of Charge Enterprises, a company specializing in EV infrastructure solutions, and a former executive at automakers GM and Ford....
Used EV prices fell in January in response to $4,000 tax...
Used electric vehicle values continued to decline in January, as sellers lowered their prices to accommodate tax credit eligibility requirements set in the Biden...
Biden expands EV tax credit eligibility after automaker complaints
EV tax credit eligibility was expanded last week in response to complaints from Ford, General Motors and Tesla over the Inflation Reduction Act's SUV...
Dealers need more straightforward guidance for EV tax credits
To almost no one's surprise, the Federal Government's attempt at explaining the new consumer EV tax credit only caused more confusion. It was hoped...
Democratic Senator Joe Manchin’s proposed new bill demands rapid enforcement of...
To put it in simple terms, Joe Manchin opposes EV adoption. The Democratic Senator from West Virginia, the country's second-largest coal supplier, has introduced...
GM and Treasury argue over EV tax credits for Cadillac Lyriq
The U.S. Treasury Department has refused to classify General Motor's electric Cadillac Lyriq as an SUV, a restriction which prohibits the vehicle from qualifying...
2023 Chevy Bolt gets a new price bump to ring in...
Earlier this week, General Motors raised the price of its 2023 Chevrolet Bolt from $26,595 to $27,495, a $900 increase.
The 2023 Chevy Bolt is...
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...
USPS vehicles to be electrified by 2028, thanks to Inflation Reduction...
United States Postal Service vehicles will be partially electrified by 2028, according to a recent press release.
The 230,000 USPS vehicles currently in operation have...
EV tax incentive delays could work in auto industry’s favor
The U.S. Treasury Department announced it would delay key pieces of its 2023 electric vehicle tax incentive guidelines until March.
Originally, the agency aimed to...
