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 for buying an electric vehicle. However, there are specific requirements the EV must qualify for to receive the credit.
After…
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…
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 Del Mar is technically the second model from LiveWire, but it’s really the first model developed by the brand after its…
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…
Volvo Group is leading the charge towards a sustainable future as demand for fully electric trucks and buses continues building globally. Volvo Group delivered a total of 683 electric trucks in the first quarter of 2023, up 254% year-over-year (YOY).
Volvo Group, the parent…
X Shore, an electric boat maker based in Stockholm, just announced plans to make its electric boats available in marinas across the United States.
The new partnership with Safe Harbor Marinas will give its members exclusive access to X Shore’s flagship Eelex 8000 electric boats at locations in San Diego, Charleston, Montauk, Newport, West Palm Beach, and other locations throughout its…
Although its lead has started to dwindle a bit going into 2023, Tesla continues to be the true #1 in EVs around the globe by market cap. While other automakers are driving their new electrified models through a door in the automotive industry that Tesla originally kicked in…
Three-wheeled electric vehicle company Arcimoto shakes up team with former Tesla talent
April 20, 2023
Oregon-based electric vehicle company Arcimoto has announced some big movements on the company’s leadership team, including appointing one of the company’s board of directors members, Christopher Dawson, as new CEO.
Dawson will retain his board position, while previous…
Elon Musk says (again) Tesla might achieve 'full autonomy' this year, but what does it even mean?
April 20, 2023
Elon Musk announced again that he believes Tesla might achieve “full autonomy” this year, but it is not even clear what this means at this point.
Over the years, Musk has so often claimed that Tesla was on the verge of achieving “full self-driving capability” that it is hard to believe him now.
It’s not only hard to believe, but it’s also even hard to understand what the actual goal…
