The latest financial disclosures from Stellantis and Honda tell some hard truths about the hyped over-investing in electric vehicles.
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Consumers are buying up electric vehicles ahead of the Inflation Reduction Act’s tax credit expiration amid strong demand and tight inventory.
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While federal incentives for electric vehicles are set to sunset on September 30, states such as California, Massachusetts, Oregon, New Jersey, and New York have announced new programs for fleets and new funding for existing ones.
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Electric vehicle sales dipped in the second quarter, despite record incentives and a growing model lineup. The market braces for a federal tax credit phase-out that could skew sales trends.
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What works for one disciplined commuter doesn’t scale across commercial operations.
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The electric vehicle market looked like a grab bag of trends as industry pressures and market dynamics shift.
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A group of leading businesses has formed the American Fleet Leadership Coalition to maintain the Inflation Reduction Act’s 45W Commercial Clean Vehicle Tax Credit.
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The Bollinger B4, with a GVWR of 15,500 pounds, will be available later this year and the company said it qualifies for up to a $40,000 federal tax credit under the Inflation Reduction Act of 2022.
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Only 16 models are now eligible for a full or partial tax credit, which will factor into the vehicle choices for private- and public-sector fleets as well as the vast American retail vehicle market.
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The new-generation model will be offered in four variants: all-electric, hybrid electric, internal combustion engine, and sporty N Line.
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