Latest News

Latest News

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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Fast EV Chargers to Nearly Double on U.S. Highways Under Expansion Plan

Fast EV Chargers to Nearly Double on U.S. Highways Under Expansion Plan

Thursday, April 13, 2023

Italian energy giant Enel ENEL 0.68%increase; green up pointing triangleSpA said it would nearly double the amount of electric-vehicle fast chargers in the U.S. by 2030, as the Biden administration steps up efforts to switch more drivers to greener cars.

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New US Electric Vehicle Rule Would Speed Supply Chain Changes

New US Electric Vehicle Rule Would Speed Supply Chain Changes

Wednesday, April 12, 2023

A Biden administration proposal would force U.S. automakers to sharply increase their production of electric cars and trucks over the next decade, lending greater urgency to the effort to build raw material supply chains that reduce the industry’s dependence on China.

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Biden proposal will change auto industry, push consumers toward electric vehicles

Biden proposal will change auto industry, push consumers toward electric vehicles

Wednesday, April 12, 2023

President Joe Biden's administration on Wednesday proposed historically tougher greenhouse gas emission standards for cars and trucks sold in the U.S. that it says could lead to electric vehicles accounting for as much as 67% of all new sales in less than a decade.

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Ford to convert Ontario plant into electric vehicle complex

Ford to convert Ontario plant into electric vehicle complex

Tuesday, April 11, 2023

DETROIT (AP) — Ford Motor Co. says it will spend $1.34 billion ($1.8 billion Canadian) to convert an SUV factory in suburban Toronto so it can build next-generation electric vehicles.

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US proposes to slash EV mileage ratings to meet fuel economy rules

US proposes to slash EV mileage ratings to meet fuel economy rules

Tuesday, April 11, 2023

WASHINGTON, April 10 (Reuters) - The U.S. Energy Department (DOE) on Monday proposed reducing electric vehicles' (EV) mileage ratings to meet government fuel economy requirements, a move that could force automakers to sell more low-emissions cars or improve conventional models.

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E.P.A. Is Said to Propose Rules Meant to Drive Up Electric Car Sales Tenfold

E.P.A. Is Said to Propose Rules Meant to Drive Up Electric Car Sales Tenfold

Saturday, April 8, 2023

WASHINGTON — The Biden administration is planning some of the most stringent auto pollution limits in the world, designed to ensure that all-electric cars make up as much as 67 percent of new passenger vehicles sold in the country by 2032, according to two people familiar with the matter.

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Toyota to launch 10 new battery EV models by 2026

Toyota to launch 10 new battery EV models by 2026

Friday, April 7, 2023

TOKYO, April 7 (Reuters) - Toyota Motor Corp (7203.T) will introduce 10 new battery-powered models and target sales of 1.5 million EVs a year by 2026, aiming for steep growth in a market where it has long been lapped by rivals.

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Walmart to add electric vehicle charging stations to thousands of locations by 2030

Walmart to add electric vehicle charging stations to thousands of locations by 2030

Thursday, April 6, 2023

Walmart announced that it will add charging stations for electric vehicles to thousands of U.S. stores by 2030.

The company plans to add these EV charging stations at various Walmart and Sam’s Club locations, said Vishal Kapadia, Walmart’s senior vice president of energy transformation.

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