Final Guidance Provides Clarity on Terms that Restrict FEOCs from Clean Vehicle Tax Credits and Support Growth of Domestic Battery Materials Processing and Manufacturing WASHINGTON, D.C. — Today, the U.S. Department of Energy (DOE) finalized its guidance interpreting the statutory definition of “foreign entity of concern” (FEOC) in Section 40207 of the Bipartisan … [continued]
I know, I know — it’s unfathomable that Donald Trump would be elected president again. That said, it was unfathomable that he’d be elected the first time, and he’s clearly winning the Republican nomination. As you might have seen, Nikki Haley just lost to “None of these candidates” in Nevada, … [continued]
When the Democrat-controlled US Congress and President Joe Biden extended the federal tax credit for electric vehicles a couple of years ago, essentially reviving it for companies like Tesla that had previously had tax credits for their buyers phased out, they addressed what has widely been seen as a major … [continued]
Tesla has been sending out a lot of messages to try to move vehicles in the last few weeks of the year. I’ve been getting emails and text messages from the company, and Tesla has been especially active pushing for more demand on social media. That could be looked at … [continued]
The federal electric car tax credit rules will change on January 1, 2024, leaving some prospective buyers out in the cold.
Earlier this month, Ford announced to dealers that the Mustang Mach-E would be losing access to the tax credits it currently qualifies for. This takes the vehicle’s credit from $3750 to zero. In this article, I’ll take a look at the situation and how Ford can deal with it. This … [continued]
As we’ve reported many times, only a handful of automakers have electric vehicles on the US market that are eligible for the full $7,500 consumer tax credit. The cars and the batteries need to be produced here. The most popular electric vehicles in the US do qualify for the tax … [continued]
Consumers have a new resource for finding plug-in electric and fuel cell vehicle tax credits. Current owners and those considering an electric vehicle purchase can access a free tool developed by ORNL researchers for fueleconomy.gov. Oak Ridge National Laboratory researchers have developed an online resource to help consumers understand the … [continued]
Tesla has juggled its prices once again, lowering the price of the Model 3 RWD by $1,000 and the Model Y by $2,000. It has also added a RWD version of the Model Y for North America.
Omar Qazi (@WholeMarsBlog on Twitter) has a very interesting take on the recent “Inflation Reduction Act” that is very cynical in regards to the EV tax credit. That doesn’t mean it is wrong, but it does go against my general rule of assuming people have good intentions. I’m willing to … [continued]
