BMW Range, Tax Credits, BYD And The White House: EV News June 17, 2022
This week, we have news on BYD, US federal EV tax credits, a BMW with 600 miles of range, and The White House’s plans for charging infrastructure. Here’s our top EV news for the week of Jun 17, 2022.
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General Motors Co., Ford Motor Co., Stellantis, and Toyota Motor North America wrote to Congress to ask lawmakers to lift the cap on the $7,500 EV tax credit. The companies stated that due to inflation and supply-chain drawbacks, producing zero-emission vehicles has come with higher costs. In the letter, all four companies planned to fund $170 billion through 2030 to encourage EV development. GM and Tesla have hit the cap after selling 200,000 EVs and are no longer eligible for consumer tax credits.
The White House has developed a plan to construct a national network of 500,000 electric vehicle chargers. By using the $15 billion allocated for EV infrastructure and electrifying public transport, the Department of Transportation and the Department of Energy established new standards for EV chargers they plan to finance. The DOT has outlined that the chargers will be user-friendly, dependable, accessible, and “interoperable between different charging companies.” Through the charger’s manufacturing process, standards will ensure safety and an influx of jobs throughout the country. What do you think of the plan?
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