Price caps included with a proposed revamped federal EV tax credit could put pressure on automakers to produce more affordable electric models, argues a new Bloomberg report. An extension of the $7,500 credit reportedly has a good chance of moving through the Senate. In its current form, legislation would add price caps of $55,000 for cars and... Will EV tax credit price caps add urgency to arrival of affordable models?
Price caps included with a proposed revamped federal EV tax credit could put pressure on automakers to produce more affordable electric models, argues a new Bloomberg report. An extension of the $7,500 credit reportedly has a good chance of moving through the Senate. In its current form, legislation would add price caps of $55,000 for cars and... 
BMW could engineer its next-generation EV platform to accommodate hydrogen fuel-cell powertrains as well. As reported by Automotive News, BMW chairman Oliver Zipse mentioned this during the automaker's recent half-year earnings call, saying fuel-cell vehicles will be needed to achieve BMW's electrification goals. BMW is aiming for half of its... 
A launch edition of the Fisker Ocean is already sold out, and pre-orders for a second version of the Ocean will start November 18, the day after the planned start of production, the company confirmed in its second-quarter financial results. Just 5,000 units of the Fisker Ocean One launch edition are planned, and customers gave the company a $5,000... 
Toyota is offering some owners of its BZ4X electric crossover a whole range of potential remedies, including buybacks, in response to an ongoing wheel recall. Although it doesn't yet have a solution to the issue. Complete buybacks were mentioned as a possibility in a letter recently mailed to U.S. BZ4X customers and posted on the Toyota BZ Forum... 
High demand for certain new EV models has led to dealer markups which, in California at least, could be preventing customers from getting purchase incentives, according to a new report. Due to lack of funds, California has placed EV buyers on waitlists for its purchase incentives, and while waiting some have found that dealerships have marked up... 
California drivers can now get behind the wheel of a Tesla Model Y without a long-term commitment with subscription service Autonomy. The company launched its subscription service in January with the Tesla Model 3, and according to a recent release it's now adding the Model Y. For both vehicles, Autonomy aims to offer a more flexible alternative... 
As Congress moves to extend and expand the federal EV tax credit for passenger cars, it's also considering a bill that would add a first-ever tax credit for electric commercial vehicles. As described in a blog post from the Union of Concerned Scientists (UCS), the current version of the bill includes a tax credit of up to $7,500 for vehicles with... 
Plug-in hybrid sales are stumbling in Europe, once an important market, as demand for all-electric vehicles rises, according to a recent Automotive News Europe report. But plug-in hybrids seem to be faring better in the United States. As European consumers turned away from diesel cars and regulators tightened emissions rules in the wake of the... 
A new base model for the BMW i4 range is coming to the United States in the first quarter of 2023. When it does reach showrooms, the 2023 BMW i4 eDrive35 will start at $52,395 with destination, BMW confirmed Monday in a press release. The single-motor rear-wheel drive eDrive35 will be positioned below the existing eDrive40 (also with a single... 
Startup EV brands Tesla, Lucid, Rivian, and Polestar have touted desirable products and a direct-sales business model that avoids dealership hassles. But they may not be connecting as well with prospective customers as traditional luxury brands, according to a recent study from consultancy Pied Piper. In a ranking of 25 brands, Rivian came in last... 
Lightyear will borrow tech from Swedish supercar builder Koenigsegg for its upcoming mass-market solar-assisted EV. Koenigsegg is also investing in Lightyear, the two companies confirmed in a press release. The startup unveiled its first production car, the Lightyear 0, in June with a price tag equivalent to roughly $260,000 and an initial run of... 
Global EV sales are steadily increasing with help from regulators, but that won't matter if existing gasoline and diesel vehicles aren't retired quickly, new research argues. "The slow speed of fleet turnover presents a substantial barrier to deep decarbonization," researchers state in a new book on energy transition (via Axios). Researchers... 
A 240-volt Level 2 AC home charger is becoming necessary to make EV ownership practical, but not all houses are ready for one. Multinational equipment supplier Siemens claims to have a workaround. Siemens recently announced a partnership with ConnectDER (pronounced "connector") to develop a proprietary plug-in adapter for EV charging. This will... 
Florida has a high number of registered electric cars, but no comprehensive plan to develop charging infrastructure. One company aims to fill that void. Invisible Urban Charging (IUC) last week announced plans to install 6,000 EV chargers in Florida. That will double the number of chargers in the state, and make IUC the largest charging operator... 
Congress appears close to passing a long-awaited extension—and expansion—of the federal EV tax credit. Legislation containing the expanded tax credit is on the verge of being passed by the Senate, after a deal was struck between Majority Leader Chuck Schumer and Senator Joe Manchin, who has opposed most of his party's agenda. If passed... 
A coalition of 17 states, as well as the District of Columbia and Canadian province of Quebec, plan to electrify 30% of new trucks and buses in their jurisdictions by 2030. That's the initial goal of an action plan drafted and adopted by those jurisdictions, which also sets the goal of making 100% of new truck and bus sales zero-emission no later... 
The Honda Prologue electric SUV will be based on a General Motors platform, but Honda says it will get its own unique styling. The automaker on Wednesday released a video on the design process for the Prologue, which is scheduled to launch in 2024. The SUV will have a design theme called "Neo-Rugged," Honda said in an accompanying press release... 
Faraday Future is pushing back the production launch of its FF91 electric SUV somewhat, to the "third or fourth quarter of 2022," and claiming it needs more cash, the company stated Monday in a filing. First reported by Bloomberg, the filing claims Faraday is in need of more cash to fund its operations through the end of the year. Faraday also... 
General Motors says it has "contractually secured" all battery raw materials to meet its goal of establishing annual North American production capacity for 1 million EVs by 2025. That confirmation came as part of announcements of two supply deals for raw materials, including one with lithium supplier Livent for lithium hydroxide. The material... 
Some automakers have expressed concern about EV costs, but not Porsche. The German automakers claims EVs can be more profitable than its current gasoline models, according to Automotive News. Ahead of a planned stock market listing later this year, Porsche is telling investors that exactly that, according to the report. But is there any substance...