Tagged: eV

US shift toward wind and solar will cut coal, make EVs cleaner

Mohammed Bin Rashid Al Maktoum Solar Park in United Arab EmiratesIncreased use of renewable energy will help reduce electricity generation from coal and natural gas power plants, according to the U.S. Energy Information Administration (EIA) in turn making EVs cleaner. The EIA forecasts that wind and solar will together account for 16% of total electricity generation in 2023, up from 14% in 2022 and 8% in 2018...

Lightyear 0 solar EV nixed, as company pivots to Lightyear 2

Lightyear 0 starts production  -  Dec. 2022Netherlands-based Lightyear on Monday announced that it is halting production of the Lightyear 0 solar EV, which it has claimed to be the first production solar car in the world, and instead aiming toward the production of its mass-market, $40,000 Lightyear 2 solar EV due in 2025. “In order to safeguard our vision, we had to decide to...

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...