"Five more days. That's how long the $7,500 federal EV tax credit has left before it's gonemaybe forever. California thought it was going to be able to pick up the slack (it couldn't), and automakers have officially started to scale back production to meet anticipated demand. If you were planning on buying a new EV in the next few months but aren't quite ready to pull the trigger, it definitely hurts to miss out on the $7,500 point-of-sale discountbut it might not have been for nothing."
"The push from the tax credit has had long-lasting effects, namely the cost of development and production of core EV components like batteries. And now, as we're starting at the end of the line, we have a realization: Price parity between EVs and ICE-powered cars is basically within reach. Welcome back to Critical Materials, your daily roundup for all things electric and tech in the automotive space. Also on deck: China's newly proposed rules on door handles actually make sense, and BMW says its sedans aren't going anywhere. Let's jump in."
The $7,500 federal EV tax credit will expire imminently, removing a major point-of-sale incentive that boosted recent EV demand. California attempted to replace the credit but failed, prompting automakers to scale back production in anticipation of lower demand. The tax credit accelerated consumer adoption and enabled manufacturers to scale production, lowering development and production costs for batteries and other core EV components. Falling battery costs have brought EV price parity with internal-combustion vehicles close to reality. Volvo's upcoming EX60 is cited as a step toward parity using funds from prior EV generations. China proposed door-handle rules, and BMW affirmed continued sedan production.
Read at insideevs.com
Unable to calculate read time
Collection
[
|
...
]