Will EV tax credit price caps add urgency to arrival of affordable models?

2022 Lucid Air Grand Touring PerformancePrice 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 is making room for hydrogen in next-generation Neue Klasse EV

BMW iX5 Hydrogen prototypeBMW 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...

Toyota offering buyback of BZ4X EV as potential remedy for wheel recall

2023 Toyota bZ4X Limited AWDToyota 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...