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The upcoming Rivian R2 EV, which will be unveiled on March 7, will be eligible for the full $7,500 tax credit, CEO RJ Scaringe said during an interview with Forbes. Currently, the all-electric R1S SUV and R1T pickup are eligible for a $3,750 tax credit when purchasing but only if the MSRP is under $80,000. Leasing, however, unlocks the full credit whatever the MSRP. But while a $3,750 cut on a car that costs over 70 grand isn’t such a big deal, a $7,500 reduction in price on a car that will probably cost around $45,000 is much more important,…
Lotus Technology is closing on an approved merger with Special Purpose Acquisition Company (SPAC) L Catterton Asia Acquisition Corp, setting the stage for a debut on the Nasdaq this week under the stock ticker symbol “LOT.” It’s just over a year since we first caught wind of Lotus’ plans to go public on the US stock market via a SPAC merger – a once popular method that has since cooled down. SPAC mergers enable a publicly traded company to be created to merge with an existing company. In the case of Lotus Technology, its SPAC is L Catterton Asia Acquisition Corp ($LCAA)…
Ford knocked thousands off the price of its Mach-E electric crossover. Genesis may be going hybrid—and against its own EV current. And will the Biden administration loosen its own pollution standards? This and more, here at Green Car Reports. Ford on Tuesday cut Mustang Mach-E EV prices by up to $8,100. The price adjustment brings base versions of remaining 2023 stock to $41,695, or about $2,700 less than the entry Tesla Model Y. A bonus cash incentive also chopped up to $12,500 off F-150 Lightning electric trucks. Hyundai’s Genesis may not shift to fully electric on quite the timeline it’s…
The 2025 Ram Ramcharger has 141 miles of electric range, plus it has a range-extending gasoline engine that brings its total range to 690 miles, which beats every other electric truck. The Fast Lane Truck was invited to check out the Ramcharger up close and, in doing so, became the first media outlet to get hands-on experience with the Ramcharger and to present that to its viewers and now to the readers of InsideEVs. The Fast Lane Truck states: First-ever hands-On with the 2025 Ram Ramcharger. You won’t believe the range with this range-ended EV pickup truck! Get Fully Charged…
Hyundai’s Genesis luxury brand is diluting a plan to go all-electric, according to a recent report from the Korean Economic Daily. In its 2021 “blueprints for electrification,” Genesis laid out that all new vehicles for the brand from 2025 on would be either battery electric or hydrogen fuel cell—on the way to all-EV by 2030. But the brand is now expected to launch some hybrids next year, according to the report, which cites anonymous sources familiar with the matter. 2023 Genesis Electrified GV70 test drive review A hybrid powertrain based around a 2.5-liter engine will be offered in at least…
Li Auto CEO calls on China’s policy makers to establish a mechanism to facilitate mergers and acquisitions between auto companies, amid widespread discussions over HiPhi’s production halt. (A screenshot shows Li Xiang, founder, chairman and CEO of Li Auto, speaking in a video.) Li Xiang, founder, chairman and CEO of Li Auto (NASDAQ: LI), called on China’s policymakers to establish a mechanism to facilitate mergers and acquisitions among car companies, amid widespread buzz over the production halt of Human Horizons’ HiPhi brand. “It’s time for the country to establish and guide a system for mergers and acquisitions of auto companies,…
FinDreams’ cells will be used in BorgWarner’s LFP battery packs for commercial vehicles in Europe, the Americas and selected parts of Asia-Pacific. (Image credit: FinDreams) FinDreams reached an agreement on February 8 with US parts giant BorgWarner to supply it with blade battery cells and grant it intellectual property rights, the BYD (OTCMKTS: BYDDF) battery manufacturing unit announced today. FinDreams and BorgWarner have entered into a strategic partnership to localize the production of battery packs in the non-OEM-affiliated section of overseas commercial vehicles, according to its statement. FinDreams will also license intellectual property rights related to the production and design…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Transit and school bus fleets across the nation are working hard to incorporate clean transportation solutions that help communities meet decarbonization goals and improve local health outcomes. However, planning for and deploying zero-emission fleets is a tall order, leaving many fleet managers with more questions than answers. To help solve the problem, the National Renewable Energy Laboratory (NREL) announced the $5 million Clean Bus Planning Awards (CBPA) program on February 20, which is funded by the Joint Office of Energy and Transportation (Joint Office). Managed by…
The Biden administration may throttle back strict emissions rules in order to give automakers more time to ramp up EV sales, the New York Times reported earlier this week. Last April, the EPA unveiled proposed tailpipe emissions rules for model years 2027 to 2032. The agency estimated at the time that this would lead to 67% EV sales by 2032, not because EV sales would be mandated, but because automakers would need to sell more EVs to meet emissions targets. Increased EV sales and lower emissions are still the plan, but the Biden administration is considering tweaks that would “slow…
China’s NEV sales declined significantly in the first three weeks of February, mainly due to the Chinese New Year holiday. (Image credit: CnEVPost) China’s new energy vehicle (NEV) sales declined significantly in the first three weeks of February, mainly due to the Chinese New Year holiday. Retail sales of passenger NEVs in China were 165,000 units in the February 1-17 period, down 15 percent from the same period last year and down 44 percent from the same period last month, according to data released today by the China Passenger Car Association (CPCA). This year’s Chinese New Year holiday was February…