New federal EV tax credit rules have set price caps that are narrowing the field of qualifying EVs; but a leasing loophole is already opening up a much wider field eligible for federal subsidies The Inflation Reduction Act (IRA) re-upped the federal EV tax credit of up to $7,500 for qualifying vehicles. It added price caps of $55,000 for cars and... Luxury EV leases are already tapping into $7,500 EV tax credit
New federal EV tax credit rules have set price caps that are narrowing the field of qualifying EVs; but a leasing loophole is already opening up a much wider field eligible for federal subsidies The Inflation Reduction Act (IRA) re-upped the federal EV tax credit of up to $7,500 for qualifying vehicles. It added price caps of $55,000 for cars and... 
Aptera on Friday detailed the Launch Edition configuration of its 3-wheeled EV, which the company hopes to begin producing by the end of 2023. The company claims now to have over 40,000 reservations for the vehicle, the first 5,000 of which will be Launch Edition models. While Aptera has shown multiple powertrain and range options, Launch Edition... 
Hertz is beginning the rollout of what the company claims is North America's largest EV rental fleet in Denver, and showing how it plans to continue that rollout nationwide. The company on Thursday announced Hertz Electrifies, a public-private partnership model aimed at bringing EVs to rental customers and rideshare drivers in major cities, along... 
General Motors is said to be considering adding a compact electric pickup to its lineup, as one of several models that might be priced at less than $30,000. That’s according to a report Thursday from Automotive News, which claims to have seen the pickup at GM’s “affordable EV design studio” in Warren, Michigan. Automotive... 
A German court has ruled that the NIO ES6 and ES8 sound too similar to Audi's existing S6 and S8 models.