SEOUL — Tesla CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration tax credits. “It does make sense to sacrifice margins in favor of making more vehicles,” Musk said on Wednesday, noting that Tesla was […]
Electric Vehicles that Qualify for the Federal Tax Credit | The Daily Drive | Consumer Guide® The Daily Drive
2024 Chevrolet Silverado EV We finally know which electric vehicles qualify for up to $7500 in federal tax credits this year, and the list is surprisingly short. A function of the Inflation Reduction Act which was passed into law last August, the new tax credit policy proved to be good news for General Motors and […]
Consumer Guide Car Stuff Podcast, Episode 162: Lincoln Goes Chinese, EV Tax Credit Surprises, Cars.Com Afforadability Study | The Daily Drive | Consumer Guide® The Daily Drive
Consumer Guide Car Stuff Podcast Whether you drive a car, need a car, or just occasionally bum a ride with friends, you’ve come to the right place. Join Jill and Tom as they break down everything that’s going on in the auto world. New-car reviews, shopping tips, driving green, electric cars, classic cars, and plenty […]
Made-in-U.S. rules for EV batteries shift in new law’s fine print
The interpretation of a few words of regulation by the U.S. Treasury Department could upend expectations for how tens of billions of dollars in new electric-vehicle tax incentives will be distributed, according to Bloomberg discussions with a dozen manufacturing executives, battery analysts and government officials. At stake over the coming weeks is the extent to […]