Monthly Archive: December 2022

EXPLAINER: 2023 tax credits for EVs will boost their appeal

WASHINGTON (AP) — Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse emissions. But a complex web of requirements, including where vehicles and batteries must be manufactured to qualify, is casting doubt on whether anyone can receive the full $7,500 credit next year. For...

Audi plans to make EVs at all its global factories before 2030

Audi E-Tron GT production at Böllinger Höfe, Germany, factoryAudi will build EVs at all of its global plants before 2030 ahead of a planned phase-out of internal-combustion models, the automaker said Thursday in a press release. The automaker will introduce only all-electric models globally beginning in 2026, and aims to phase out production of internal-combustion vehicles by 2033, but prior to that EVs and...