Category: eV

General Motors said Friday it wants the U.S. Treasury to reconsider classification of GM's electric Cadillac Lyriq to allow it to qualify for federal tax credits.

General Motors said Friday it wants the U.S. Treasury to reconsider classification of GM's electric Cadillac Lyriq to allow it to qualify for federal tax credits. The Treasury and Internal Revenue Service did not classify the Lyriq as an SUV, meaning its retail price cannot be above $55,000 to qualify for up to $7,500 in federal tax credits. "We are addressing these concerns with Treasury and hope that forthcoming guidance on vehicle classifications will provide the needed clarity to consumers and dealers, as well as regulators and manufacturers," GM told Reuters Friday, adding Treasury should use criteria and processes similar to the Environmental Protection Agency and Energy Department.

General Motors said Friday it wants the U.S. Treasury to reconsider classification of GM's electric Cadillac Lyriq to allow it to qualify for federal tax credits. The Treasury and Internal Revenue Service did not classify the Lyriq as an SUV, meaning its retail price cannot be above $55,000 to qualify for up to $7,500 in federal tax credits. "We are addressing these concerns with Treasury and hope that forthcoming guidance on vehicle classifications will provide the needed clarity to consumers and dealers, as well as regulators and manufacturers," GM told Reuters Friday, adding Treasury should use criteria and processes similar to the Environmental Protection Agency and Energy Department.

Volkswagen of America has released its 4th quarter 2022 sales numbers and its full-year 2022 sales numbers. The German automaker also highlighted that 6.8% of Volkswagen’s 2022 sales in the USA were EV sales (all ID.4 sales, as the ID.4 is the only electric vehicle Volkswagen sells in the country). The thing is: there’s a […]

More car owners are expressing interest in purchasing an electric vehicle (EV), particularly new vehicle owners.

In June of last year, South Africa increased the threshold for companies to produce their own electricity without a license from 1 MW to 100 MW. Generation projects will still need to obtain a grid connection permit to ensure that they meet all of the requirements for grid compliance. It was a surprising but very […]

When a futuristic-looking electric Ram pickup truck goes on sale next year, it will hardly be the first in line. By then, at least seven EV competitors are scheduled to be on sale.

BYD plans to compete with Audi, BMW and Mercedes-Benz with its upcoming EV SUVs and EV supercars.

Even the Plaid high-performance versions will come with a round steering wheel unless you choose otherwise.

The RAM Revolution lit up the 2023 CES in Las Vegas. The concept is not production ready, but it hints at what the actual truck will be.