VW plans 25 EVs qualifying for $7,500 tax credit by 2030

2023 Volkswagen ID.4Volkswagen plans to sell 25 all-electric models in the U.S. by 2030, all of which will qualify for the full $7,500 federal tax credit under new Inflation Reduction Act (IRA) rules, the top U.S. executive of VW said in an interview with Bloomberg (via Automotive News Europe). “We have a great opportunity in the U.S.,” VW Group of America CEO Pablo…
Source: Hybrid and Electric Car News and Reviews

EPA releases new emissions rules: 60% EV by 2030, saves US trillions

The EPA is announcing expected new emissions rules today that will save Americans trillions of dollars in health and fuel costs, avoid nearly 10 billion tons of emissions, and result in an EV market share of about 60% by 2030 and 67% by 2032.

The rules are an improvement from President Biden’s previous commitment of 50% electric by 2030. But they’re also far ahead of what many automakers are planning, leaving millions of EV sales up for grabs come 2030.

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Source: Charge Forward

Wind and solar achieve a record high of 12% of global electricity in 2022

Wind and solar reached a record 12% of global electricity in 2022, up from 10% in 2021, according to a report launched today by energy think tank Ember – and experts predict that power sector emissions have peaked.

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Source: Charge Forward

BMW EV sales more than doubled in Q1 and will remain the ‘main growth driver’ in 2023

Despite overall sales slipping 1.5% in the first quarter, the BMW Group sold over 64,000 fully electric vehicles, up over 80% from last year. In an impressive showing, BMW brand EV sales more than doubled (+112.3%) in Q1 and will remain the “main growth driver” this year.

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Source: Charge Forward