Tag: Volvo

German Handelsblatt: Inflation Reduction Act: US Treasury Department publishes list of subsidized electric cars: BMW and Mercedes do not benefit, VW has to tremble006705

Volkswagen The ID.4 EV did not initially qualify for tax rebates. (Photo: IMAGO/ZUMA Wire) According to the US Treasury Department, electric models from German automakers Volkswagen, BMW and Mercedes do not qualify for tax breaks of $7,500. The three manufacturers did not meet the new battery procurement rules and thus lost their right to the… Continue reading German Handelsblatt: Inflation Reduction Act: US Treasury Department publishes list of subsidized electric cars: BMW and Mercedes do not benefit, VW has to tremble006705

German Handelsblatt: Inflation Reduction Act: US Treasury Department publishes list of subsidized electric cars: BMW and Mercedes do not benefit, VW has to tremble006705

Volkswagen The ID.4 EV did not initially qualify for tax rebates. (Photo: IMAGO/ZUMA Wire) According to the US Treasury Department, electric models from German automakers Volkswagen, BMW and Mercedes do not qualify for tax breaks of $7,500. The three manufacturers did not meet the new battery procurement rules and thus lost their right to the… Continue reading German Handelsblatt: Inflation Reduction Act: US Treasury Department publishes list of subsidized electric cars: BMW and Mercedes do not benefit, VW has to tremble006705

BMW, Rivian, Hyundai, Volvo lose access to EV tax credit

The United States Treasury updated its list of electric vehicles eligible for a $7,500 EV tax credit per its new rules for battery sourcing, and BMW, Nissan, Rivian, Hyundai, Volvo and Volkswagen are no longer on it. The new requirements will go into effect Tuesday, and they’ll also cut credits for the Tesla Model 3… Continue reading BMW, Rivian, Hyundai, Volvo lose access to EV tax credit

Nissan, VW, Rivian, BMW lose access to U.S. EV tax credits

(Reuters) — The U.S. Treasury said Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo electric vehicles will lose access to a $7,500 tax credit under new battery sourcing rules. The Treasury said the new requirements effective Tuesday will also cut by half credits for the Tesla Model 3 Standard Range Rear Wheel Drive to… Continue reading Nissan, VW, Rivian, BMW lose access to U.S. EV tax credits

VW, Rivian, Nissan, BMW lose access to U.S. EV tax credits, article with gallery

April 17 (Reuters) – The U.S. Treasury said Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo electric vehicles will lose access to a $7,500 tax credit under new battery sourcing rules. The Treasury said the new requirements effective Tuesday will also cut by half credits for the Tesla (TSLA.O) Model 3 Standard Range Rear… Continue reading VW, Rivian, Nissan, BMW lose access to U.S. EV tax credits, article with gallery

Automotive market size in Singapore to grow by 18,191 actual units between 2022 and 2027; Growth driven by demand for economical and low-pollution vehicles – Technavio

NEW YORK, April 17, 2023 /PRNewswire/ — The automotive market in Singapore is estimated to grow by 18,191 actual units from 2022 to 2027. The growth momentum will be progressing at a CAGR of 6.03% during the forecast period. The market is segmented by propulsion (IC engine-based vehicles and electric vehicles), vehicle type (passenger cars and commercial vehicles),… Continue reading Automotive market size in Singapore to grow by 18,191 actual units between 2022 and 2027; Growth driven by demand for economical and low-pollution vehicles – Technavio

Volvo C40 and XC40 Recharge updated with new battery tech

The Volvo XC40 Recharge and C40 Recharge have been updated with new battery technology and drivetrains. Announced in December 2022, Volvo has now revised initial performance expectations, confirming new, longer ranges for both models.  Volvo’s tweaks apply to every XC40 and C40 Recharge model and starting with the entry-level XC40 Recharge single-motor (which has received… Continue reading Volvo C40 and XC40 Recharge updated with new battery tech

China auto show highlights intense electric car competition

Beijing is winding down government support and shifting the burden to automakers by requiring them to earn credits for EV sales. Global and Chinese automakers plan to unveil more than a dozen new electric SUVs, sedans and muscle cars this week at the Shanghai auto show, their first full-scale sales event in four years in… Continue reading China auto show highlights intense electric car competition

Clean Technica: Fast Growing EV Sales Around The World In 2022 — Charts!002704

Just 5–10 years ago, I’d say 90% of EV enthusiasts were underestimating how much electric vehicle share of the overall auto market would grow in Europe and China. (The US is currently … quite far behind. But EV market share is growing here, too.) If you haven’t been obsessively following CleanTechnica‘s monthly EV sales reports… Continue reading Clean Technica: Fast Growing EV Sales Around The World In 2022 — Charts!002704