Audi: A6 Quattro Premium Plus on 2040-cars

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VW, Rivian, Nissan, BMW, Genesis, Audi and Volvo lose EV tax credits starting tomorrow

The U.S. Treasury said Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo electric vehicles will lose access to a $7,500 tax credit under new battery sourcing rules. The Treasury said the new requirements effective Tuesday will also cut by half credits for the Tesla Model 3 Standard Range Rear Wheel Drive to $3,750 but other Tesla models will retain the full $7,500 credit. Vehicles losing credits Tuesday are the BMW 330e, BMW X5 xDrive45e, Genesis Electrified GV70, Nissan Leaf , Rivian R1S and R1T, Volkswagen ID.4 as well as the plug-in hybrid electric Audi Q5 TFSI e Quattro and plug-in hybrid (PHEV) electric Volvo S60. The Swedish carmaker is 82%-owned by China’s Zhejiang Geely Holding Group. The rules are aimed at weaning the United States off dependence on China for EV battery supply chains and are part of President Joe Biden's effort to make 50% of U.S. new vehicle sales by 2030 EVs or PHEVs. Hyundai said in a statement it was committed to its long-range EV plans and that it "will utilize key provisions in the Inflation Reduction Act to accelerate the transition to electrification." Rivian declined to comment and the other automakers could not immediately be reached for comment. Treasury also disclosed General Motors electric Chevrolet Bolt and Bolt EUV will qualify for the full $7,500 tax credit. GM said earlier it expected at least some of its EVS would qualify for the $7,500 tax credit under the new rules, including the 2023 Cadillac Lyriq and forthcoming Chevrolet Equinox EV SUV and Blazer EV SUV. Treasury said all GM EVs will qualify. Earlier, Ford Motor and Chrysler-parent Stellantis said most of their electric and PHEV models would see tax credits halved to $3,750 on April 18. Treasury confirmed the automakers' calculations. The rules were announced last month and mandated by Congress in August as part of the $430 billion Inflation Reduction Act (IRA). The IRA requires 50% of the value of battery components be produced or assembled in North America to qualify for $3,750, and 40% of the value of critical minerals sourced from the United States or a free trade partner for a $3,750 credit. The law required vehicles to be assembled in North America to qualify for any tax credits, which in August eliminated nearly 70% of eligible models and on Jan. 1 new price caps and limits on buyers income took effect.

Audi's fastest cars won't catch your drift

"I don't like them. I do not see the reason for them. We do not see the sense in sitting there burning the back tires. It's not fast." – Stephan Reil Drift modes are popping up in sports cars all over the world, but Audi Sport development boss Stephan Reil refuses to have anything to do with them, insisting they're a waste of time and tires. So if you want to show off with a wild-looking, tire-smoking, perfectly controlled drift in an Audi Sport model, you will have to brush up on your car control, not your button pushing. "No drift mode. Not in the R8, not in the RS3, not in the RS6, not in the RS4," Reil said. "I don't like them. I do not see the reason for them. We do not see the sense in sitting there burning the back tires. It's not fast." That seems a bit like Reil and his team are missing a trick that is proving popular with enthusiast buyers and isn't technically difficult to do. It's also a whole lot safer than holding down the skid-control button for long enough to switch off all the electronic safety nets, which Audi Sport will actually let you do. "You can do it yourself [drifting] with the ESP off, if you hold it [the button] for three seconds," Reil challenged. "Then it will not intervene for you even when it [the car] is fully out of control, because that's what you asked it not to do. "You wanted the full control by pushing that button. You got it." Almost every fast car, from Ford to Ferrari, now comes with (or soon will) a drift mode so drivers can just stomp on the gas and turn the wheel to instantly look like rally stars. The dangers of do-it-yourself drift control (which our forefathers used to call "driving") make up most of the moral defense for the companies that use the computer-controlled versions. While critics have called drift modes irresponsible, proponents argue that it is far safer than switching off all the safety nets, because there is still a level of skid-control safety behind it. "Drift control is a lot safer than just turning everything off," BMW M chief Franciscus van Meel said during the launch of the M550i xDrive. "The drivers can enjoy the car on a track but it still has another level of safety to catch them if they make a mistake." View 23 Photos But is that extra level of safety actually for the common good? Critics note there is no way to restrict drivers using drift modes on suburban streets.

Audi R8 LMS GT4 debuts in New York, a ready-made race car

The new Audi R8 LMS GT4 race car has made its debut at this year's New York Auto Show. Since 2009, the Audi R8 LMS GT3 has been available for customer purchase, but this new model is intended to be even more affordable. LMS GT-class racing is some of the most entertaining out there. Unlike racing series such as Formula 1, NASCAR, or even the World Rally Championship, GTE, GT3, and GT4 cars are still based heavily on cars you can find on dealer lots today. The GT4 class was created to have a true entry-level racing series. Homologation keeps the cars closer to their production counterparts than any of the other GT classes. Engines, bodywork, and suspension are all similar to production versions, though substantially beefed up for racing. In the case of the Audi R8 LMS GT4, more than 60 percent its parts are shared with the R8 coupe. That means parts are plentiful and relatively affordable. There are some significant changes between the production and racing versions. First, the V10 in the road car is actually far more powerful. The R8 LMS GT4 is limited to 495 horsepower, though that can vary slightly to meet different regulations. Also, rather than having Audi's wonderful Quattro all-wheel drive system, the R8 LMS GT4 is rear-wheel drive. Power is sent to the wheels through a seven-speed dual-clutch transmission. Though the car is set to make its debut next month at the Nurburgring 24 Hours, it won't actually be competing until the start of the 2018 season. Audi is simply tuning the car at different tracks before asking for approval at the end of the year. Pricing hasn't been announced, but expect it to fall between the $145,000 of the RS3 LMS and the $450,000 of the R8 LMS GT3. That's not nothing, but in the world of professional racing, it's a relative bargain. Related Video: