🚗💰 Tax Credit and EV Regulations

What are the new rules for electric vehicle tax credits?

The new rules for electric vehicle tax credits require batteries to contain set amounts of components made in North America and critical minerals sourced in the U.S. or from certain friendly countries. The Biden administration aims to make the U.S. less reliant on batteries and critical minerals shipped from China. These new criteria are expected to reduce the number of eligible models.

How will the new rules affect the number of eligible models?

The new EV rules issued by the Biden administration will reduce the number of eligible models for the electric-vehicle tax-credit program, as the batteries must contain set amounts of components made in North America and critical minerals sourced in the U.S. or from certain friendly countries.

Why is GM phasing out Apple CarPlay in favor of Google's technology?

GM is phasing out Apple CarPlay in favor of Google's technology to focus engineers and investment on one approach to more tightly connecting in-vehicle infotainment and navigation with features such as assisted driving. GM has been working with Google since 2019 to develop the software foundations for infotainment systems that will be more tightly integrated with other vehicle systems such as GM's Super Cruise driver assistant. The automaker is accelerating a strategy for its EVs to be platforms for digital subscription services. Buyers of GM EVs with the new systems will get access to Google Maps and Google Assistant, a voice command system, at no extra cost for eight years.

What is BMW's strategy to lower battery costs?

BMW is betting on efficient design and recycling to bring down battery costs and is steering clear of investing in mines. The company views it as more important to get back raw materials from cars and other products. They have left large-scale battery development to partners and are placing multibillion-euro orders with CATL and EVE Energy to produce battery cells in China and Europe.

What are the features of the 2022 GMC Hummer EV Edition 1 Pickup?

• The 2022 GMC Hummer EV Edition 1 Pickup is an all-electric off-road truck.
• It weighs more than 9,000 pounds and does 0 to 60 in about 3 seconds.
• It has a three-motor, all-wheel drive array producing up to 1,000 hp, a mechanically locking front differential and ‘virtual’ locking rear, long-travel suspension and adjustable air-suspension capable of lifting the truck another 5.8 inches (Extract Mode).
• It is built as an off-road/performance flagship.