Tag: ev
VinFast’s EV ambitions just got a $2.5B boost
Vietnamese EV automaker VinFast is getting a $2.5 billion injection of capital as it pursues an ambitious plan to woo U.S. consumers with a slate of electric SUVs and crossovers. Billionaire Pham Nhat Vuong, who founded VinFast’s parent company Vingroup, committed Wednesday to invest $1 billion of his personal wealth via a grant in the […]
VinFast’s EV ambitions just got a $2.5B boost by Kirsten Korosec originally published on TechCrunch
Honda says first e:Architecture-based EV is coming sooner than planned
Honda said today that plans to release its first e:Architecture-based electric vehicle in North America in 2025. That’s a year earlier than the Japanese automaker originally said it would introduce vehicles based on its in-house vehicle platform, which puts greater emphasis on software and over-the-air updates a la Tesla. Honda said in a statement that […]
Honda says first e:Architecture-based EV is coming sooner than planned by Harri Weber originally published on TechCrunch
GM Retires the Affordable Chevy Bolt EV
Most EVs are expensive, and manufacturers continue to reveal exciting new luxurious models with huge price tags. The first truly affordable electric vehicle was the Chevy Bolt EV, but unfortunately, GM is set to end production later this year.
Read This Article on Review Geek ›
Renault 5 EV 2024 Prototype Drive: Gripping Stuff
Commodities Corner: Here’s what the U.S. plan for EV sales means for critical metals such as copper and lithium
GMC decks out new EV Hummer SUVs and trucks with delayed 3X trim option
After the successful launch of the GMC Hummer EV Pickup, the company announced new electric trucks and SUVs with plenty of customization options, including a 3X trim option. The 3X line was originally supposed to launch in the fall of 2022, but good things come to those who wait, so they say. The 3X trim package will be available for the 2023 Hummer EV Pickup and the 2024 Hummer EV SUV and will ship standard with 22-inch wheels and 35-inch all-terrain tires.
Overall, the SUV and pickup both come in two trims, Edition 1 and 3X. For the pickup, you can get the 3X trim with an optional extreme off-road package; for the SUV, you can get both models with the off-road package. In addition to the increased customization options available for these vehicles, GMC has updated range estimates for the forthcoming models. The company announced that these trucks will ride up to 355 miles per charge, though this metric does decrease with certain configuration packages.
For instance, choosing the Extreme Off-Road Package nets you rubber tires designed for mud, extra skid plates and additional underbody cameras, but your range slides down to 329 miles per charge. The original Edition 1 of these EV trucks got 330 miles in the lightest configuration, so the battery tech has certainly improved since the 2020 launch. The EV SUV line boasts a slightly lower range, at 298 to 314 miles per charge (again depending on which trim and configuration you choose).
GMC is still holding some specs close to the chest, but we do know that the new models still feature the same three-motor layout as prior generations, with an estimated 1,000 horsepower. That’s plenty of get-up-and-go. Depending on the configuration, you’ll be able to tow anywhere from 7,500 to 8,500 pounds with one of these electric beasts.
Despite a robust starting price tag of $80,000, consumers are definitely interested in GMC’s new electric trucks. Preorders went live back in September and quickly sold through 65,000 units. In other words, reservations are currently full but that could change in the future. We’ll keep you updated. In the meantime, GMC has plenty more electric vehicles coming, including the Sierra Denali truck and the Chevy Silverado.
This article originally appeared on Engadget at https://www.engadget.com/gmc-decks-out-new-ev-hummer-suvs-and-trucks-with-delayed-3x-trim-option-185235301.html?src=rss
Three-wheeled EV startup Arcimoto shuffles leadership again
A newish leadership team is taking over at Arcimoto, a Eugene, Oregon–based startup that makes doorless, three-wheeled electric vehicles. On Thursday, the company said that board member Chris Dawson will step in as CEO, replacing interim CEO Jesse Fittipaldi. Arcimoto added that Fittipaldi will stick around as president and report to Dawson going forward. Two […]
Three-wheeled EV startup Arcimoto shuffles leadership again by Harri Weber originally published on TechCrunch
The EV tax credit: all the cars, rules, and updates
Looking for an electric vehicle that qualifies for the $7,500 tax credit? I hope you’re up on your IRS code.
VW and Rivian once again qualify for federal EV tax credits
The narrow list of EVs that qualify for federal tax credits has already grown again. Ars Technicanotes the US government has restored multiple electric rides to the list of vehicles that get at least some credit. The 2023 VW ID.4 (the first US-made model) receives the full $7,500 incentive, as do the upcoming Chevy Blazer EV, Equinox EV and Silverado EV. Rivian R1T and R1S buyers can also get a $3,750 credit provided their configuration slips under the $80,000 cap.
When the Internal Revenue Service outlined the original list, just six EVs could get the full tax credit. This included the Cadillac Lyriq, Chevy Bolt, Chevy Bolt EUV, Ford F-150 Lightning, Tesla Model 3 and Tesla Model Y. Other EVs and plug-in hybrids only received partial credits, such as the Chrysler Pacifica PHEV and Ford Mustang Mach-E.
The Treasury Department outlined stricter requirements for EV tax credits in March. To be eligible for $3,750, a car’s battery components must be 50 percent made or assembled in North America. At least 40 percent of key minerals must come from the US or its free trade partners to earn another $3,750. Batteries must be completely made in North America by 2029 for vehicles to still qualify.
As VW is keen to point out, this makes the ID.4 a better deal. The entry-level Standard trim costs $31,495 after accounting for the tax credit. If you can live with the 209-mile range, it may seem like a bargain compared to even the price-cut Model 3. You’ll more likely want to spring for the ID.4 Pro with 275 miles of range, but that’s still more attainable with a $36,495 sticker after the incentive.
This may also help put Chevy’s wave of upcoming EVs within reach. The Equinox in particular is expected to start around $30,000 — a full credit would price it below many conventional SUVs, let alone electrified versions. As with VW, the discount could spur sales and help the US meet the climate goals that helped prompt the Inflation Reduction Act.
This article originally appeared on Engadget at https://www.engadget.com/vw-and-rivian-once-again-qualify-for-federal-ev-tax-credits-170656685.html?src=rss