What The EV Tax Credit Repeal Really Means
On this week's Plugged-In Podcast, we discuss the looming demise of the EV tax credit, GM's cheaper batteries and new Toyota's new EVs.
For months, President Donald Trump and other Republicans have vowed to burn down the electric-vehicle tax credit and other climate-related policies found in the Inflation Reduction Act of 2022. Now, at long last, we know the nuts and bolts of what that plan could look like.
House Republicans advanced a proposal this week to kill the credit for used EVs and electric-car leases by the end of this year. The main EV tax credit would live on until the end of 2026, but in a severely kneecapped form.
What does this all mean for EVs? In short: lower EV sales, more expensive cars and a less vibrant American manufacturing sector. We tell you everything you need to know about the changes ahead in this week's episode of The Plugged-In Podcast.
I'm joined by my colleague, Staff Writer Suvrat Kothari. He also recently visited General Motors' battery development center in Michigan and gives us the download on the automaker's new lithium manganese rich batteries. Lithium-iron-phosphate (LFP) batteries have taken over China because of their cheaper production costs, but the battery supply chain for LFP mostly runs through that country. Will lithium manganese rich batteries be the LFP cells of the West?
We also run down the three (!) new EV models that Toyota announced this week, and debate the quality of the name "bZ Woodland." (I am not convinced.)
Find our show on Apple, Spotify, YouTube or wherever you get your podcasts.
Send us your questions about the EV world to podcast@insideevs.com and we'll answer them on air!
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