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tax

Additional EV tax credits still in limbo. How will it...

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The Build Back Better bill contains billions of dollars earmarked for the transportation industry, and one of the most contentious components has to do with EV tax credits. The proposed bill, if enacted as it currently reads, would offer an extra $4,500 in tax credits for union-built EVs plus another $500 for vehicles containing battery […]
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infrastructure

What the Biden infrastructure bill has in store for the...

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After months of vigorous debates within the House of Representatives, the majority voted last Friday to pass the long-awaited infrastructure bill that will allocate $550 billion to new infrastructure as well as the repair of existing infrastructure. Notably, it includes the creation of programs “to increase transportation energy efficiency” and “accelerate the use of alternative […]
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Benstock

Paragon’s Brian Benstock shares takeaways from recent 20 group meeting

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With tight inventory and quotas to meet, how are sales teams managing? For Paragon Honda and Acura, having a plan with the future in mind is key. On today’s edition of Inside Automotive, we’re pleased to welcome back Brian Benstock, Partner GM and Vice President of Paragon Honda and Paragon Acura to discuss sales as […]
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EV

Congress asked to back EV tax credits by carmakers and...

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A $3.5 trillion-dollar budget reconciliation bill is being hammered out by the US Senate, aiming for a target date of September 15. As one of only two reconciliation bills allowed in a fiscal year, industry associations that represent carmakers, as well as associations that support EV adoption, are urging the US House of Representatives and […]
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infrastructure bill

How could a new infrastructure bill impact EV stocks?

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President Biden has plans to unveil a $2.5 trillion infrastructure proposal this week, which would be one of the largest infrastructure ventures the US has ever seen. Revamping the infrastructure throughout the United States has been one of his top priorities and would include repairs to roads and bridges as well as the expansion of […]
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tax credits

Trump Budget Aims to End Electric Vehicle Tax Credits

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Slipped in amongst other budget saving measures in the 150-page 2020 fiscal year budget proposed by the Trump Administration was “Repeal the qualified plug-in electric drive motor vehicle credit.” According to the data provided in the proposal, if tax credits for electric vehicles (EV) were cut, the government could save a whopping $2.5 billion by […]
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Tesla

Tesla’s Latest Move: Cutting 7% of Its Workforce

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Elon Musk and Tesla are making headlines yet again with Musk recently sending a letter to employees notifying them that their jobs might be in jeopardy. Ryan Browne of CNBC reported that Musk’s letter stated bluntly that other than cutting 7% of jobs, “there isn’t any other way” to reach Tesla’s goal of making its […]
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