Category: Electric cars

Treasury lifts EV tax credit confusion over SUV price cap

2023 Tesla Model Y  -  Courtesy of Tesla, Inc.The U.S. Treasury Department on Friday announced an update on how vehicles will qualify as a car or an SUV under the revamped EV tax credit, now known as the clean vehicle tax credit. For EV shoppers it’s good news, as it will clear up a confusing and seemingly arbitrary dividing line in which some versions of certain models—like the...

Broader Volvo EV push reportedly adds SUVs, sedans, luxury van

2023 Volvo C40Volvo is planning to expand its EV lineup at the behest of parent company Geely, Reuters reported Thursday. The automaker plans to launch six new EVs through 2026, according to the report, which cites two anonymous sources with knowledge of Volvo's product plans. Volvo was already no slouch in the transition. It was one of the first brands to...