by dankeelan | Jan 19, 2023 | Electric Vehicles, Featured, US Economy
The average cost of a new EV hit $61,448 in December, according to Kelley Blue Book — well over the $49,507 paid, on average, for a new internal-combustion engine vehicle. That’s a problem for the automakers in the ever-urgent race for...
by dankeelan | Dec 1, 2022 | Detroit, Electric Vehicles, Featured, US Economy
New electric vehicle models from multiple automakers are starting to chip away at Tesla’s dominance of the U.S. EV market, according to national vehicle registration data. But numbers collected by S&P Global Mobility show that Tesla still controlled about...
by dankeelan | Nov 17, 2022 | Artificial Intelligence, Featured, Finance, US Economy
An artificial intelligence tool could help governments decide whether or not to bail out a bank in crisis by predicting if the intervention will save money for taxpayers in the long term. The AI tool, developed by researchers at University College London (UCL) and...
by dankeelan | Aug 18, 2022 | Climate, US Economy
On the surface, the Inflation Reduction Act that President Biden signed into law on Tuesday may sound like a massive government spending program. Indeed, it promises to put nearly $370 billion in federal funding behind the energy transition. But, if you dig deeper,...
by dankeelan | Aug 18, 2022 | Electric Vehicles, Featured, US Economy
The new law changes which electric vehicles will qualify for the Clean Vehicle Credit; now, only electric vehicles with final assembly in North America will qualify for the $7,500 tax credit. Manufacturers that have reached the 200,000 electric vehicle...
by dankeelan | Jun 15, 2022 | Electric Vehicles, Featured, US Economy
Major automakers are asking Congress to lift the cap on how many people would be offered tax credits if they buy a hybrid or fully electric vehicles. In a letter to leaders of the Senate and House of Representatives on Monday, the chief executives of Ford, Toyota, GM...
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