Fixing the Federal EV Tax Credit Flaws: Redesigning the Vehicle Credit Formula
The federal EV tax credit has a number of flaws, but one of the biggest is the poorly-designed formula that determines the amount of the tax credit available for each BEV and PHEV sold in the US. The formula, which is based on the size of an EV’s battery pack, rewards OEMs (and their buying consumers) for using larger batteries with no consideration to efficiency (EPA range/kWh) and price.
Overview of Biden Administration Plans to Help Increase EV Adoption in the US
Here are the electric vehicle-related programs that we can expect the Biden administration to pursue.
13 EVs No Longer Eligible for California’s EV Rebate: Changes Effective December 3
California’s Clean Vehicle Rebate Project will see two key changes that could create a small shift in sales across various EV models. When the new vehicle eligibility rules take place beginning on December 3, 2019, 14 currently available electric vehicles will no longer be eligible for the rebates from the state of California.
Why Only 3 Auto Manufacturer’s EV Sales Data Is Being Reported Publicly By the IRS
Want to know how many electric vehicles have been sold in the US by auto manufacturers since the Federal electric vehicle tax credit went into effect since January 1, 2010? Tesla recently confirmed (see my CleanTechnica article) they had passed the 200K sales milestone in the US in July, but did not share actual numbers. […]
Will California Reach 10% EV Sales Market Share By December 2018?
California reached an impressive 7.83% EV market share of new vehicle registrations for the month of April 2018. Could California reach 10% by the end of 2018? In short, yes. The new numbers for April are just in from the Alliance of Auto Manufacturers Advanced Technology Sales Dashboard and portend that 2018 could see nearly […]
Huge Flaws in Federal EV Tax Credit Will Hurt US Automakers Beginning in 2020
The survival of the Federal electric vehicle (EV) tax credit is a good thing for the auto industry and consumers, but several flaws in its design will give EV laggard automakers a significant competitive advantage beginning around 2020. As background, the Federal EV tax credit phases out over 5 quarters beginning the quarter following the […]
Federal EV Tax Credit: The Future is Perhaps Even More Unclear After Passage of the Senate Tax Bill
Up until this morning, there was still strong hope that Congress would not eliminate the Federal electric vehicle tax credit, but a late amendment puts the credit in significant doubt. Or did it? When I woke up this morning I found the text of the Senate bill H.R.1 – Tax Cuts and Jobs Act that […]
Tesla and GM Should Each Reach 200,000 in Total US EV Sales by Q2 & Q3 2018 Respectively
While all eyes of electric vehicle advocates and potential future owners are on Washington, D.C. and the fate of the Federal EV tax credit, the race to see whether GM Or Tesla will reach the 200,000 phase-out threshold marches on. Through October 2017 (using sales numbers from Inside EVs), General Motors remains closest to the […]
Federal EV Tax Credit: Improve It, Don’t Kill It
The House of Representatives tax plan would end the Federal electric vehicle (EV) tax credit while the Senate version of the tax plan announced on November 9 would keep it intact. It is anyone’s guess what the final version of the tax plan will look like and if the tax credit will be saved or […]
Electric Vehicles Are the Future: So What Are the Implications?
In my previous post, The Electric Vehicle Question is Now “When?” Rather Than “If?”, I argued that in 2017 it became abundantly clear that battery-powered electric vehicles were the future of transportation. So if the auto and related industries are not arguing about things like hydrogen fuel cell versus battery electric propulsion – what topics and debates […]