I consider this great news - it’s the achievement of a milestone, and a measure of success.
- Mark Sent from my Fuel Cell powered iPhone > On Aug 29, 2019, at 9:53 AM, brucedp5 via EV <[email protected]> wrote: > > > > https://www.greencarreports.com/news/1124804_ev-tax-credit-will-drop-again-for-chevrolet-bolt-ev-october-1 > EV tax credit will drop again for Chevrolet Bolt EV October 1 > August 29, 2019 Bengt Halvorson > > [image > https://images.hgmsites.net/hug/2019-chevrolet-bolt_100672365_h.jpg > Bolt EV > ] > > In a little more than a month, General Motors will face a slightly stronger > headwind in its ability to sell electric vehicles—and, perhaps, make money > from them. EVs and plug-in hybrids from the automaker that are delivered > starting October 1 will only be eligible for a $1,875 credit amount, versus > the $3,750 they’ve been eligible for since April 1 of this year. > > GM confirmed that it delivered 200,000 eligible vehicles last fall, which > triggered a reduction of its credit amount one full quarter later. The > reduction happens in two six-month periods during which those purchasing > eligible vehicles are able to claim 50 percent and then 25 percent of the > full $7,500. > > The base 2019 Chevrolet Bolt LT starts at $37,495 including the $875 > destination fee. So not counting other state, local, or automaker incentives > that might apply, the Bolt EV could effectively cost $33,745 for those who > take delivery prior to October 1, or $35,620 from then through next March. > > The credit, with its staggered phase-out for each individual automaker, is > overseen by the IRS. It was originally passed as part of the Energy > Improvement and Extension Act of 2008, during the George W. Bush > administration. > > Opposition to the EV tax credit has mostly come in the form of propaganda > and push-polls from the oil and gas industry, and while the Trump > administration earlier this year threatened to cut the credit entirely, it > became clear that the credit—and even expanding it—had bipartisan support > and went well beyond electric vehicle fans and environmental groups. > > GM isn’t the first one to see the credit phased out for its customers. Tesla > reached that ceiling the quarter before GM, so the credit on its models > ratcheted down to $1,875 on July 1. Beginning January 1, 2020, the credit > will go away completely for the electric vehicle maker. > > While the GM phase-out applies to all U.S. brands of GM—including Chevy, > Buick, and Cadillac—other automakers have perhaps been more shrewd with > their top-level decisions and how they’ll affect regulatory rules and such > credits. Earlier this week Volvo’s Polestar electric performance brand was > issued its own World Manufacturing Identifier—a strategy that will allow > both Volvo and Polestar to get separate 200,000-vehicle ceilings. > [© greencarreports.com] > > > + > https://www.topspeed.com/lifestyle/news/hyundai-wants-an-electric-scooter-in-every-new-car-it-sells-ar186394.html > Hyundai Wants An Electric Scooter In Every New Car It > Sells > August 29, 2019 So does Audi, by the way, for its eletric range > Long story short, Hyundai is launching a new electric scooter that might end > up in every new car the Koreans sell, as the company wants to look at ways > to improve last mile mobility, a logistical living hell that’s forced > carmakers like Ford to develop its own delivery robot ... > https://pictures.topspeed.com/IMG/crop/201908/hyundai-foldable-sco-2-2_1600x0w.jpg > > > > > For EVLN EV-newswire posts use: > http://evdl.org/archive/ > > > {brucedp.neocities.org} > > -- > Sent from: http://electric-vehicle-discussion-list.413529.n4.nabble.com/ > _______________________________________________ > UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub > ARCHIVE: http://www.evdl.org/archive/index.html > INFO: http://lists.evdl.org/listinfo.cgi/ev-evdl.org > Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA) > > _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub ARCHIVE: http://www.evdl.org/archive/index.html INFO: http://lists.evdl.org/listinfo.cgi/ev-evdl.org Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA)
