Jan 4, 2024 | Detroit, Electric Vehicles, Featured, US Economy
General Motors said on Wednesday it is offering incentives of $7,500 on its electric vehicles that earlier this week lost a U.S. government tax credit, while Ford Motor said it is hiking the prices of some of its F-150 EVs by $10,000. The Treasury issued guidelines in...
Jan 4, 2024 | Electric Vehicles
The number of electric vehicle models eligible for a consumer tax credit of as much as $7,500 fell sharply as new rules from the Biden administration kicked in on Jan. 1. Narrower criteria reduced the number of qualifying models to 13 from about two dozen, according...
Jan 4, 2024 | Electric Vehicles
Tesla found new homes for 1.8 million electric vehicles last year, it revealed on Tuesday afternoon. That will no doubt please CEO Elon Musk—it means the company has met its sales volume goal given to investors when it released its 2022 financial results at the end of...
Dec 21, 2023 | Detroit, Electric Vehicles, Featured
America’s automakers have staked their futures on the notion that electric vehicles will dominate sales in the coming years, spurred by buyers determined to reduce carbon emissions and save on fuel. But so far, while EV sales are growing, their pace is falling well...
Dec 21, 2023 | Detroit, Electric Vehicles
General Motors (GM.N) said on Wednesday a fire at its Factory Zero Detroit-Hamtramck was likely caused by a forklift accidentally puncturing a container with battery materials, according to the automaker’s initial investigation. The fire, which broke...
Dec 14, 2023 | Electric Vehicles
As the automotive industry expands its offering of electrified models, more renters and homeowners are adopting electric vehicles and plug-in hybrids for daily commutes. While there are many benefits to choosing an EV, transitioning from gas-powered cars is often...
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