LONDON (Reuters) – With electric car sales soaring and regulations increasingly favouring zero-emission vehicles, a flurry of announcements on Monday showed how the global auto industry has kicked into a higher gear as it races to speed past the fossil-fuel car era.
The Inflation Reduction Act, the major climate bill, was signed August 16, changing the availability of electric vehicle tax credits. Now, only EVs assembled in North America qualify for the credits. Since, the US government has released a preliminary list of which vehicles currently qualify for the $7,500 EV tax credit.Read More
Kia announced Thursday it achieved its strongest November US sales month on record as demand for its electric vehicles pushed the automaker to new heights. Meanwhile, parent company Hyundai also surpassed its previous US November sales record with several leading EV models enticing buyers, such as the award-winning IONIQ5 and Kona EV.Read More
When Chevy announced it was dropping the price of the Chevy Bolt EV by $6,000 earlier this year to $25,600, it went from a good EV option to a great one. This is a 5-star-safety-ratedsporty hatchback EV with 259 miles of real range, lots of space inside, and a great interior. So good, in fact, I […]