Manchin seeks to delay EV tax credits so they can follow the law

U.S. Capitol BuildingSenator Joe Manchin this week introduced a bill seeking to delay federal EV tax credits, claiming the Treasury Department isn't adhering to recently enacted rules. The federal tax credit of up to $7,500 for qualifying vehicles was re-upped under the Inflation Reduction Act (IRA) passed last year, but with added requirements including one that EVs...

Toyota CEO: US target of 50% EVs by 2030 “very difficult”

2023 Toyota bZ4X Limited AWDToyota's CEO said last week that it will be a challenge to boost sales of electric cars to levels anticipated by some U.S. states—including the state of California, which plans to outlaw sales of vehicles not powered by electricity by the middle of next decade. From Volvo and Bentley to Cadillac and Buick, a number of luxury and niche brands...

The Toyota Prius lost a last bit of star power today

2010 Toyota PriusRemember when the Toyota Prius was truly a halo vehicle? Especially in the late aughts, the Prius met that definition in the best possible way. The humble, socially conscious image booster was popular among very, very wealthy Americans—the types who might otherwise have Porsches in the garage. From Leonardo DiCaprio and Tom Hanks to Jennifer...

Biden proposing point-of-sale incentives, affordable EVs made in America

Biden aims to make federal fleet all-electricOn Tuesday, at an event previewing the fully electric Ford F-150 Lightning, President Joe Biden will attempt to sell Americans—and lawmakers—on his proposed $174 billion of electric vehicle spending. In a new White House fact sheet released Tuesday, ahead of the Detroit appearance, the President provided a bit more detail about this...

Biden administration moves to restore California emissions authority

Lucid Air range test video  -  Richmond San Rafael BridgeThe Biden administration announced Thursday a first move aimed at restoring states’ rights to follow more stringent California vehicle emissions rules—and to set electric vehicle mandates. The first procedural step comes in the form of a proposal issued by the National Highway Traffic Administration, rescinding a series of rules issued...