Category: Electric

The U.S. Treasury Department said Thursday that electric vehicles leased by consumers starting Jan. 1 can qualify for up to $7,500 in commercial clean vehicle tax credits, a decision that makes those assembled outside North America eligible. The announcement is a win for South Korea and some automakers that earlier this month sought approval to use the commercial electric vehicle tax credit to boost consumer EV access. Automakers said the credit could be used to reduce leasing prices.

The U.S. Treasury Department said Thursday that electric vehicles leased by consumers starting Jan. 1 can qualify for up to $7,500 in commercial clean vehicle tax credits, a decision that makes those assembled outside North America eligible. The announcement is a win for South Korea and some automakers that earlier this month sought approval to use the commercial electric vehicle tax credit to boost consumer EV access. Automakers said the credit could be used to reduce leasing prices.

California has a new law that prohibits automakers and dealers from claiming a car is capable of self-driving if it is not.

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 .

The US Treasury Department sketched out its interpretation of content requirements for electric-vehicle tax credits in President Joe Biden’s signature climate bill, while delaying final rules until March of next year.

Mercedes S-Class — Intro The Mercedes S-Class does not need an introduction. For half a century, it has been the top-of-the-line mode from the Mercedes-Benz group of models. It is the “mass-market” luxury car segment just below Rolls-Royce, Bentley, and the likes. The S-Class is the first generation that brings new Mercedes-Benz options and technology […]

Electric vehicles represent one of the largest innovation and wealth creation industries.

One of these incidents resulted in an eight car pileup on the San Francisco Bay bridge in November.