Latest News

Latest News

Toyota’s new president vows to step up electric vehicle push

Toyota’s new president vows to step up electric vehicle push

Friday, April 21, 2023

TOKYO (AP) — Toyota’s new president Koji Sato has promised what he called an aggressive shift on “electrification,” while acknowledging criticism that Japan’s top automaker has fallen behind in actual volumes of electric vehicles sold compared to its rivals.

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Georgia Power commits $5M to invest in e-mobility at UGA

Georgia Power commits $5M to invest in e-mobility at UGA

Friday, April 21, 2023

The field of electric mobility, or e-mobility, is an area of tremendous growth in the state of Georgia. Thanks to a $5 million gift from Georgia Power Company to the UGA College of Engineering, the University of Georgia is aiming to be a leader in e-mobility for years to come.

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With F-150 Lightning in Norway, you can ford a fjord in an electric Ford

With F-150 Lightning in Norway, you can ford a fjord in an electric Ford

Thursday, April 20, 2023

April 20 (Reuters) - Ford Motor Co (F.N) will launch its popular F-150 Lightning electric pickup truck in Norway, the U.S. automaker said on Thursday, as it hopes to tap into high demand for electric vehicles globally.

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Only a few EVs made the tax credit list. That’s bad news for the climate

Only a few EVs made the tax credit list. That’s bad news for the climate

Thursday, April 20, 2023

Expanded electric car subsidies were supposed to be a centerpiece of President Biden’s signature climate law, accelerating emissions reductions by allowing buyers to claim generous tax credits and save thousands of dollars on a plug-in vehicle.

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BorgWarner announces two U.S. battery and EV charging factory expansions

BorgWarner announces two U.S. battery and EV charging factory expansions

Wednesday, April 19, 2023

Battery producer BorgWarner made two announcements of significant expansions to its manufacturing facilities in South Carolina and its home state of Michigan.

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New Jersey halts electric vehicle rebates, demand too high

New Jersey halts electric vehicle rebates, demand too high

Tuesday, April 18, 2023

TRENTON, N.J. (AP) — New Jersey residents looking to buy or lease an electric vehicle won’t be able to get a government rebate — at least temporarily — because the state program is so popular that it’s already running out of money, officials said.

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Biden administration announces new EV investments, including from Uber, Zipcar

Biden administration announces new EV investments, including from Uber, Zipcar

Monday, April 17, 2023

The Biden administration on Monday plans to announce a new round public and private commitments aimed at accelerating electric vehicle use throughout United States.

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GM will have the most EVs eligible for tax incentive on new IRS list

GM will have the most EVs eligible for tax incentive on new IRS list

Monday, April 17, 2023

The newest list of cars that will be eligible for the new electric vehicle tax credit under the Inflation Reduction Act shows the Detroit Three automakers and Tesla leading the way, with General Motors offering the most.

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U.S. Car Brands Will Benefit Most From Electric Car Tax Breaks

U.S. Car Brands Will Benefit Most From Electric Car Tax Breaks

Monday, April 17, 2023

American brands like Tesla and General Motors will benefit most from rules that determine which electric vehicles qualify for tax credits starting on Tuesday. Foreign carmakers like Hyundai will be at a significant disadvantage because of restrictions aimed at cutting China out of the supply chain.

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Federal Tax Credits for Plug-in Electric and Fuel Cell Electric Vehicles Purchased in 2023 or After

Federal Tax Credits for Plug-in Electric and Fuel Cell Electric Vehicles Purchased in 2023 or After

Monday, April 17, 2023

All-electric, plug-in hybrid, and fuel cell electric vehicles purchased new in 2023 or after may be eligible for a federal income tax credit of up to $7,500.

The availability of the credit will depend on several factors, including the vehicle's MSRP, its final assembly location, battery component and/or critical minerals sourcing, and your modified adjusted gross income (AGI).

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