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Apr 18 2023
News
New Jersey halts electric vehicle rebates, demand too high
TRENTON, N.J. (AP) — New Jersey residents looking to buy or lease an electric vehicle won’t be able to get a government rebate — at least temporarily — because the state program is so popular that it's already running out of money, officials said. The Charge Up New Jersey program has disbursed an estimated $35 million for the fiscal year ending this July, according to the state's Board of
San Antonio Express-News
Apr 18 2023
News
New Jersey halts electric vehicle rebates, demand too high
TRENTON, N.J. (AP) — New Jersey residents looking to buy or lease an electric vehicle won’t be able to get a government rebate — at least temporarily — because the state program is so popular that it's already running out of money, officials said. The Charge Up New Jersey program has disbursed an estimated $35 million for the fiscal year ending this July, according to the state's Board of
SFGATE
Apr 18 2023
News
New Jersey halts electric vehicle rebates, demand too high
TRENTON, N.J. — New Jersey residents looking to buy or lease an electric vehicle won’t be able to get a government rebate — at least temporarily — because the state program is so popular that it’s already running out of money, officials said. The Charge Up New Jersey program has disbursed an estimated $35 million for the fiscal year ending this July, according to the state’s Board of Public
Washington Post
Apr 12 2023
News
EPA proposes electric-vehicle plan to transform the industry - The Boston Globe
The government’s challenge to automakers is monumental: Last year, all-electric vehicles were just 5.8 percent of new cars sold in the United States. All-electric trucks were even more rare, making up fewer than 2 percent of new heavy trucks sold. The new rules would require nothing short of a revolution in the US auto industry, a moment in some ways as significant as the June morning in 1896
The Boston Globe
Apr 12 2023
News
EPA says electric vehicle sales will be fueled by tough pollution standards
President Joe Biden's administration was set Wednesday to propose tougher greenhouse gas emission standards for cars and trucks sold in the U.S. that it claims could potentially lead to electric vehicles accounting for as much as 67% of all new sales in less than a decade. If that comes to pass, it would signal a remarkable transition in the American automobile market, given that electric
Detroit Free Press
May 03 2023
News
Ford CEO calls electric vehicle market price cuts 'a worrying trend'
Ford CEO Jim Farley said on Wednesday that price cuts in the electric vehicle market were "a worrying trend" after the U.S. automaker dropped prices for its Mustang Mach-E in response to a series of reductions by rival Tesla (TSLA.O).
Ford on Tuesday announced a price cut of up to 8% of its Mustang Mach-E electric vehicle, the second cut the automaker announced this year.
Farley
Reuters
Mar 16 2023
News
Oregon halts electric vehicle rebates due to demand, money
SALEM, Ore. (AP) — Oregon will temporarily suspend rebates for buying or leasing an electric vehicle for a year starting in May because too many people are applying and the program is running out of money, The Oregonian/OregonLive reported Thursday. A growing number of Oregonians are buying or leasing electric vehicles, with over 60,600 registered in the state. The Oregon Department of
Midland Reporter Telegram
Mar 31 2023
News
Many electric vehicles to lose big tax credit with new rules
Fewer new electric vehicles will qualify for a full $7,500 federal tax credit later this year, and many will get only half that, under rules proposed Friday by the U.S. Treasury Department.
The rules, required under last year’s Inflation Reduction Act, are likely to slow consumer acceptance of electric vehicles and could delay President Joe Biden’s ambitious goal that half of new
Associated Press
Dec 15 2022
News
Electric vehicles confront the leap to the mass market
The past year was sobering for investors who poured money into Tesla Inc (TSLA.O) and rival electric vehicle startups that hoped to emulate Tesla CEO Elon Musk's success.
As interest rates rose and financial markets gyrated, shares in many EV startups deflated. Rivian Automotive Inc (RIVN.O), which had a higher market value than Ford Motor Co (F.N) shortly after it went public in 2021,
Reuters
Jan 17 2023
News
Wyoming lawmakers propose ban on electric vehicle sales
A group of GOP Wyoming state lawmakers want to end electric vehicle sales there by 2035, saying the move will help safeguard the oil and gas industries.
The measure, introduced to the state legislature on Friday, was sponsored by six state legislators, who said in it that electric vehicles will hinder Wyoming’s ability to trade with other states. The bill states that citizens and
The Hill