Tagged: eV

Luxury EV leases are already tapping into $7,500 EV tax credit

2023 Lucid Air PureNew 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...

Report: GM considering $30,000 small electric pickup

GM electric pickup silhouette  -  from 2020 Ultium platform previewGeneral 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...