Search Results Found For: "ev tax credit"

Mitsubishi Outlander PHEV delivers the goods

As a tree-hugging greenie, I tend to be prejudiced against SUVs, but after a week with the Mitsubishi Outlander PHEV, I couldn’t really find anything not to like. This medium-size crossover drives great, it’s comfortable, and it has all the high-tech goodies we’ve come to expect. The electric range of 22 miles is enough to… Read more »

Honda and GM partner to develop next-gen battery

GM and Honda have agreed to develop new battery chemistry components in order to hasten their plans for future all-electric vehicles. They seek to improve power density, packaging size, and charging capabilities for their up-and-coming EVs. Honda intends to source the new modules from GM in the future. This is not their first partnership; they… Read more »

Tesla could maximize federal tax credits for its customers, but at what cost?

Some of Tesla’s customers could soon be victims of the company’s success. The $7,500 federal tax credit for EV purchases is designed to sunset when a particular automaker sells over 200,000 EVs, and Tesla is nearing that bittersweet milestone. Ironically, thousands of affluent buyers of Models S and X received the credit, while most future… Read more »

Clean Energy Credit Union directs investment to green projects including EV loans

The Clean Energy Credit Union (CECU) is now taking savings account deposits and making clean energy loans. CECU received its federal charter from the National Credit Union Administration in September 2017, and completed a soft launch in May, during which it beta-tested its online banking services. CECU is an online-only financial institution that focuses exclusively… Read more »

Argonne reviews 40 EV market analyses from 16 countries

A team of researchers at the DOE’s Argonne National Laboratory has conducted a review of 40 automotive market studies from 16 countries, including the US, Germany, China, South Korea, the UK and Ireland. These studies modeled the decision factors that drive consumers to buy plug-in vehicles (PEVs). The study addressed such issues as: projected market… Read more »

GM wants Congress to fund EVSE, Toyota wants hydrogen fueling infrastructure

At the recent Washington Auto Show, the Senate Energy and Natural Resources Committee held a field hearing to solicit input from stakeholders on public policy that affects the auto industry. GM spokesperson Britta Gross thanked the committee for helping to retain the $7,500 EV tax credit, which was on the chopping block in the recent… Read more »

Connecticut approves $2 million to continue innovative EV rebate program

The state of Connecticut has allocated $2 million in additional funding to continue its popular EV rebate program. The Connecticut Hydrogen and Electric Automobile Purchase Rebate Program (CHEAPR), created in 2015, provides a cash rebate for residents who purchase or lease an EV, PHEV or fuel cell vehicle. Plug-in vehicles are eligible for incentives of… Read more »

New report: Returns on EV infrastructure investment far outweigh costs

A new analysis from the nonprofit organization Ceres and M.J. Bradley & Associates finds that the benefits of increased investment in EV charging infrastructure outweigh the costs by more than 3 to 1. “Accelerating Investment in Electric Vehicle Charging Infrastructure” evaluates the need for charging infrastructure – including both private and public chargers – in… Read more »

Elon Musk: GM is in it for the CARB credits, will produce only 25,000 Chevy Bolts per year

As a plethora of pundits pontificate about Tesla and the hypothetical competition for its upcoming Model 3, many fall into error because they don’t understand the dynamic between Tesla, which exists to sell EVs, and the legacy automakers, which grudgingly sell a few in order to comply with government regulations. Elon Musk is happy to… Read more »