Jon McNeill, former Tesla president of global sales and service and current GM board member, said the U.S. electric vehicle market can continue expanding even after the federal $7,500 EV tax credit expired. Speaking to CNBC, McNeill said that broader availability of models and more affordable options will sustain consumer interest. “There are now 65 … Continue reading “EV Market Expected to Grow Despite End of $7,500 Tax Credit, Says Former Tesla Exec”
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Rendering: FREYR More than $14 billion in US renewable and EV investments and 10,000 new jobs have been scrapped or put on hold since January, according to a new analysis from E2 and the Clean Economy Tracker. The reason: growing fears that the Republican-majority Congress will pull the plug on federal clean energy tax credits. … Continue reading “$14B in EV, renewable projects scrapped as tax credit fears grow”
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In a rollercoaster turn of events, Hyundai and Kia EVs are expected to again qualify for the full $7,500 federal tax credit. With new models rolling out this year, the Korean auto giants expect another big year in the US in 2025. After opening the doors to its new manufacturing plant in Georgia, Hyundai said … Continue reading “Hyundai and Kia EVs are set to regain the $7,500 US tax credit”
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In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Tesla increasing its sale incentives, a potential new EV credit in California, Rivian’s new factory gets funded, and more. Today’s episode is sponsored by Huffy Bicycles, a household name in micromobility. For a limited … Continue reading “Podcast: Tesla sale incentives intensify, new California EV credit?, Rivian’s new factory, and more”
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California will provide its residents with $7,500 rebates for electric vehicles if the incoming Trump administration eliminates the federal EV tax credit, Governor Gavin Newsom declared Monday. Trump’s transition team has indicated that killing the federal EV tax credit is a priority, as it’s viewed as an easy target in a likely Republican-controlled Congress and … Continue reading “California will give $7,500 rebates if Trump kills EV tax credit”
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Fewer qualifying EVs in 2025 would mean less money flowing from taxpayers to EV buyers. This, in turn, would reduce the savings Republican lawmakers might expect from eliminating the 30D credit. The GOP is expected to aggressively seek spending cuts to help offset the costs of extending the 2017 tax package passed during the first … Continue reading “Will Trump’s plan to kill the EV tax credit help China?”