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Joe Biden

Commercial EV Vehicle Leases to Qualify for Tax Credits

As of January 1, consumers can lease electric vehicles and qualify for up to $7,500 in commercial clean vehicle tax credits.

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U.S. Energy Department Finalizes Loan for GM Battery Venture

The U.S. Energy Department finalized a $2.5 billion loan to a joint venture of General Motors Co. and LG Energy Solution for three lithium-ion battery cell manufacturing facilities.

IRA Tax Credit Change Puts Hyundai Profits At Risk

Hyundai may not maintain its EV sales momentum if it can no longer qualify for U.S. tax credits under the Biden Administration’s Inflation Reduction Act.

Medium- and Heavy-Duty Vehicles to Produce Zero Emissions by 2040

U.S. enters an agreement that 30% of new medium and heavy-duty vehicles will be zero-emission by 2030 and 100% by 2040.

South Korea Seeks Grace Period to New EV Credit Rules

South Korea wants a three-year grace period on the U.S. Inflation Act to enable Korean automakers to keep receiving U.S. electric vehicle (EV) incentives.

Supply Chain Challenges Slow EV Adoption in Government Agencies

Federal agencies would have purchased more EVs had it not been for supply chain hurdles, the White House reported.

BMW Leader Blasts Push to Phase Out Gas Powered Vehicles

BMW Board Chair Olive Zipse says the move will put vehicle ownership out of reach for many people, and could be politically dangerous.

Biden Administration Awards $2.8 Billion for EV Battery Production

The grants will fund projects designed to boost U.S. manufacturing of electric vehicle batteries and domestic mineral production.

Biden Willing to Continue EV Talks with South Korea

The president reaffirmed his understanding and willingness to cooperate with South Korea’s concerns.

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Japanese Industry Minister Questions U.S. EV Credits

Japanese Industry Minister Yasutoshi Nishimura expressed concern that a new U.S. law on tax credits for electric vehicles may violate international law.

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