Some shoppers for electric vehicles and plug-in hybrids are encountering severe sticker shock this weekend in monthly lease numbers. That’s because versus just a few days ago, a vast swath of EV and PHEV models are no longer eligible for the federal EV tax credit—now known as the Clean Vehicle Credit. On Thursday, Toyota pulled its... EV tax credit consequence: Plug-in vehicle lease prices are soaring
Some shoppers for electric vehicles and plug-in hybrids are encountering severe sticker shock this weekend in monthly lease numbers. That’s because versus just a few days ago, a vast swath of EV and PHEV models are no longer eligible for the federal EV tax credit—now known as the Clean Vehicle Credit. On Thursday, Toyota pulled its... 
The revamped EV tax credit that was ushered in Tuesday when President Biden signed the Inflation Reduction Act, dramatically and immediately cuts the number of eligible EV and plug-in hybrid models. It also leaves a lot of room for interpretation on whether buyers for the rest of the 2022 calendar year might be able to claim it at all. But with... 
Pricing for the Kia Sportage Plug-in Hybrid has been released—just in the nick of time for buyers of this model to no longer qualify for the federal EV tax credit. The 2023 Kia Sportage PHEV will start at $39,785, including a destination charge of $1,295. That’s for the X-Line AWD; the top-trim X-Line Prestige costs $44,285. Kia... 
As part of a Speed Week event in Pontiac, Michigan, Dodge has revealed the 2023 Hornet, a performance-themed compact car—er, crossover—that brings some pint-size punch back to the Dodge lineup. The Hornet will be offered as an R/T plug-in hybrid or GT model with a more powerful gasoline engine, and according to the company, it’s... 
With President Biden signing the Inflation Reduction Act on Tuesday, time is nearly up to get your purchase paperwork completed for a new EV or plug-in hybrid and still earn the federal tax credit. While the revamped EV tax credit contained in the bill includes many top-level provisions that are likely to set the supply chain up for more... 
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... 
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... 
Back seat of your 2017 or 2018 Hyundai Ioniq Hybrid or Plug-In Hybrid warming passengers’ buns? No, they haven’t discovered a hidden feature. You’ll want to get that looked at right away—and it’s part of a new recall announced Friday. In the affected vehicles, a loose connection between contacts in these... 
Overall United States hybrid, plug-in hybrid, and EV sales have increased steadily in recent years, but the strongest growth of electrified vehicles has been in rural America, according to new analysis from iSeeCars. The analysis looked at used-vehicle market share for hybrids, plug-in hybrids, and battery-electric cars between 2014 and 2022, and... 
With production due to end in South Korea in July, hybrid and plug-in hybrid versions of the Hyundai Ioniq hatchback will soon be discontinued, Hyundai Motor Company confirmed on Monday. In the U.S., the Hyundai Ioniq Electric was discontinued after the 2021 model year. While the hybrid and plug-in hybrid remained available for the 2022 model...