VW has become the first non-US automaker that qualifies for the full $7,500 US federal EV tax credit.
VW ID.4 federal tax credit eligibility
Volkswagen made its announcement of eligibility yesterday, two days after the US Treasury Department announced a list of qualifying EV models that were all made by US companies. VW was late to announce its eligibility because it was awaiting documentation…
EV startup Lordstown Motors (RIDE) said it had received a notice of delisting from The NASDAQ Stock Market LLC Wednesday due to its falling stock price. Lordstown and other EV startups have seen their stock prices crater since going public, falling over 90% in many…
Tesla finally brings its trip planner to its mobile app
April 20, 2023
Tesla has finally decided to bring its trip planner to its mobile app – something that Tesla owners have been wanting for a long time.
I’ve always said that longer range is not the best solution to curb range anxiety; accurate range prediction and trip planning are the…
Hyundai Motor Group has shared details of the development of an autonomous lunar exploration rover it is designing with Korean aerospace partners to one day navigate the surface of the moon. The Group is aiming to deliver a launch-capable model utilizing Kia and Hyundai technologies by 2027.
Hyundai Motor Group’s journey beyond the land, sea, and air of Earth dates back to the summer of 2022…
19 groundbreaking US solar recycling and manufacturing projects just got $82M in funding
April 20, 2023
The US Department of Energy just invested $82 million in 19 innovative projects in 12 states to boost US solar manufacturing and recycling.
As part of that $52 million in funding, $10 million will come from the Bipartisan Infrastructure Law to strengthen the US domestic…
After submitting updated documentation, the Rivian R1S and R1T models will, in fact, qualify for at least a portion of the EV tax credit.
Rivian gains back a portion of the EV tax credit
The Inflation Reduction Act, passed last August, provides up to $7,500 in tax credits…
US Treasury: Nissan LEAF, BMW, others lose full $7,500 EV tax credit, Tesla base Model 3 cut in half [Updates]
April 20, 2023
Following its delayed but long-anticipated battery guidance pertaining to federal EV tax credits, the US Treasury Department’s requirements are about to kick in, and it’s not great news for all prospective EV buyers. Beginning tomorrow, EVs from major automakers like BMW and Nissan will no longer qualify for any tax credits at the federal level, while Tesla’s base Model 3 is cut in…
ZEEKR builds 100,000th EV in just 18 months, gaining steam ahead of launch into Europe
April 20, 2023
Booming luxury EV brand ZEEKR is celebrating production milestones while simultaneously setting its sights on its next phase of expansion into Europe. The Geely-backed automaker recently rolled its 100,000th EV off its assembly line in China, a mere 18 months after flagship…
Harley-Davidson's LiveWire S2 Del Mar electric motorcycle price drops, EU price announced
April 20, 2023
LiveWire is rolling closer to the summer 2023 release of its second electric motorcycle model, the LiveWire S2 Del Mar. The company has just confirmed new pricing for the production model in the US as well as for the upcoming EU version of the electric motorcycle.
The S2…
Tesla’s stock (TSLA) crashed 7% today following earnings that actually met expectations. So what is the problem? Is Tesla losing its credibility?
Yesterday, Tesla released its Q1 2023 financial results and met earnings expectations of $0.85 per share and even surprised many by maintaining an automotive gross margin over 19% despite significant price cuts during the quarter.
Tesla was still…
