Used EV Tax Credits, Ocean Range, Porsche And Nissan Fun: EV News Mar 31

As we head into the weekend, there's plenty of interesting EV news to share, like the $4.000 used EV tax credit.

used tesla model 3

By: John Rooney

Published by: Steven Loveday

Mar 31, 2023 at 9:05am ET

Add InsideEVs as a preferred source in Google

Comment

This week, we have news on Tax Credits for Used EVs, Peak Oil, Ocean Range, and Electric Fun from Porsche and Nissan: Our Top EV News for the week of Mar 31, 2023.

If you like EV news, make sure to subscribe to our bi-weekly EV newsletter. You can find our most recent edition here.

Bio: John is the COO at EPG, a company focused on helping electric and autonomous vehicle companies hire the best talent. In addition to these services, EPG puts out an informative weekly newsletter dubbed Mobility EVo. You can sign up for the newsletter here.

Chevrolet Bolt EV Continues Hot Sales Hand In November, Nears 3,000 Deliveries

Buying a used EV

We talked about buying a new EV, but what about a used EV? As of January 1, 2023, you could be eligible for a used clean vehicle tax credit of 30% of the sale price up to $4,000. To qualify, an individual must:

Be an individual who bought the vehicle for use and not for resale
Not be the original owner
Not be claimed as a dependent on another person’s tax return
Not have claimed another used clean vehicle credit in the 3 years before the purchase date
Meet specific AGI requirements dictated by the IRS

Take advantage if you are in the market for a used EV.

Click for more info.

Tesla Model Y charging at a Supercharging station

EV Outlook and Peak Oil

Enverus Intelligence Research (EIR) has released an updated EV outlook, highlighting the impacts of EV adoption on energy demand and gasoline displacement. The report reveals that EV market share growth in Europe and China is surpassing expectations, with over 20 US states committing to California's adoption targets. Key findings include:

EIR predicts that by 2030, EVs will account for 65% of new car and light truck sales globally, increasing to 85% by 2035.
The adoption forecast projects that by 2030, 2.7 million barrels per day (MMbbl/d) of liquid fuels will be displaced, with this figure rising to 5.2 MMbbl/d by 2035.
By 2030, EIR anticipates that EVs will displace 0.75 MMbbl/d of liquid fuels in the US and 1.5 MMbbl/d in China.
EIR projects that peak gasoline demand is expected towards the end of this decade.
The cost breakeven for EVs has improved significantly since EIR's last forecast, with EV models now available in all car and light truck classes that break even within three years of purchase.

Ocean Range

The Fisker Ocean Extreme is on track to receive approval from European authorities by the end of April, with deliveries expected to commence soon after. As it stands, the Ocean Extreme boasts the longest range of any SUV in Europe. Additional key points include:

Fisker Ocean Extreme has a combined WLTP range of up to 707 km/440 UK miles
Enables travel from London to Glasgow or Paris to Frankfurt on a single charge
Customers can now configure their Fisker Ocean on the Fisker website
Fisker Centers+ locations to open in Europe and the US throughout 2023
Fisker Centers+ opening in Vienna and Copenhagen on April 11, 2023

2025 Porsche Boxster EV spy photo

Boxster and R32 Unleashed

A segment that may take a little convincing to convert to electric is the sports car segment. The smell of the fuel and the sound of a flat-six as it approaches 9000 rpm. An electric Boxster/Cayman or an electric R32 may help convince them.

The all-electric Porsche Boxster has been caught in the wild, with several prototypes braving the snowy roads in Sweden for cold weather testing.

Nissan Japan recently teased an electrified R32 Skyline GT-R on Twitter with the hashtag R32EV. Sign me up! Can we also get an electric R34?

What do you think?

View

Comments

Decisions Decisions. Which would you choose for your canyon carver?

Check Out These Stories:

2023 Tesla Model 3: Same EPA Range, Much Improved Affordability

Rivian Stock Jumps On Reports Of Higher-Than-Expected Q1 Deliveries

Want these stories and more directly in your inbox every Thursday? Sign up now!

We want your opinion!

What would you like to see on Insideevs.com?

Take our 3 minute survey.

- The InsideEVs team

Share this Story

GO TO COMMENTS

(

)

Got a tip for us? Email: tips@insideevs.com

View all comments ( )

Trending

Diesel Prices Are Surging. This Electric Trucking Company Is Seeing More Interest

Tesla Opens Self-Driving Cybercab Orders To 'Select Customers' At $29,990

Solid-State Cells Can Make The U.S. Competitive In Batteries Again: CEO

I Took A Rivian R2 On A Camping Trip To The Middle Of The Desert