EPISODE 7 - EV REBATES AND FEDERAL TAX CREDITS AREN'T FOREVER, MORE EV NEWS!

EV Channels Review

This episode of EV Revolutions delves into the evolving landscape of EV incentives and news. The hosts provide a crucial update on Tesla's US federal tax credit phase-out, detailing the reduction schedule from $7,500 down to zero by January 1, 2020, and the potential for a base Model 3 to arrive before the full credit expires. They also discuss proposed US legislation (HR 6274) that aims to remove the 200,000-vehicle cap and offer a rebate instead of a tax credit. A significant portion of the show covers the abrupt termination of the Ontario EV and charging incentive programs, explaining the sunset clauses for existing orders and installations. Positive news includes a report suggesting EVs will match ICE vehicles in range and refueling times by 2024, and BP's acquisition of Chargemaster, signaling further investment in charging infrastructure. Tesla news also highlights the opening of Model 3 orders to all buyers in the US and Canada, the introduction of the performance variant, and tentative plans for a Gigafactory in China. Other segments cover the Chevrolet Bolt, Nissan Leaf, Jaguar I-PACE, Hyundai Kona, Kia Niro, Volvo XC40, BMW i3/i8 production increases, and the emergence of new EV startups and commercial electrification efforts.