The Internal Revenue Service (IRS) on Monday released an introduction for the full eligibility rules for the revamped federal EV tax credit, and it looks like automakers—as well as sellers—will have to submit a lot of reports. The Inflation Reduction Act (IRA) re-upped the $7,500 credit, but added new requirements for American assembly... IRS: 2023 EV tax credit needs reporting from automakers, sellers
The Internal Revenue Service (IRS) on Monday released an introduction for the full eligibility rules for the revamped federal EV tax credit, and it looks like automakers—as well as sellers—will have to submit a lot of reports. The Inflation Reduction Act (IRA) re-upped the $7,500 credit, but added new requirements for American assembly... 
Early Kia Niro EV models are being recalled for drive-unit components that may have been improperly sealed. The recall is very small, however, affecting just 872 vehicles from the 2020 model year. The recall involves the electric power control unit (EPCU), one of the most critical and expensive components in an EV. It controls the flow of power... 
Hyundai and Kia EVs may soon get new silicon-carbide power modules aimed at boosting range. Semiconductor firm STMicroelectronics (ST) said last week in a press release that it has been chosen by Hyundai to supply its silicon-carbide power modules for EVs based on the automaker's E-GMP platform, which underpins the Hyundai Ioniq 5, Kia EV6, and... 
It will soon be possible to get a solar-charging EV in the U.S. for just $6,250—with a catch. The Squad Solar City Car is the product of Dutch firm Squad Mobility, which was founded in 2019. Unveiled last May, it uses sunlight to recharge its battery pack. Deliveries are scheduled to start in 2024, and Squad recently confirmed that the... 
The Ford F-150 Lightning was the first electric pickup truck available to federal agencies for fleet use—but because it's currently sold out, those agencies can't order any of the trucks. Outside first reported that the United States Forest Service (USFS) is currently evaluating the Lightning, and that it is the only electric pickup... 
Volkswagen is preparing to release a software upgrade for easy ID.4 electric crossovers aimed at improving infotainment system performance, while adding some new features. The upgrade will roll out to 2021 ID.4 models first, followed by certain 2022 ID.4 models, Volkswagen of America said in a press release earlier this week. Owners will be... 
EV battery costs have soared in 2022 due to rising raw material and battery component prices, according to a Bloomberg New Energy Finance (BNEF) report. The volume-weighted average for lithium-ion battery pack prices reached $151/kwh this year, a 7% increase over 2021, according to the report. It marks the first time average pack prices have... 
General Motors is about to undertake what it claims is the largest deployment of Level 2 EV chargers in North America. The automaker this week announced the official launch of its Dealer Community Charging Program with the installation of the first charging stations in Wisconsin and Michigan. GM aims to install up to 40,000 Level 2 chargers in the... 
Polestar is offering an over-the-air software update that boosts output of dual-motor versions of the Polestar 2—for a one-time $1,195 fee. The new software increases output by 68 hp and 15 lb-ft of torque to 476 hp and 502 lb-ft, Polestar said in a press release. This reduces the manufacturer-estimated 0-60 mph time to 4.2 seconds, but... 
Used EV prices are dropping, but long-range models appear to be holding their value better, according to Automotive News. As analysts try to fit used-car value metrics to the growing population of used EVs, J.D. Power is applying a "pretty significant deduct" to the residual value of any model with a range below 275 miles, which the firm considers... 