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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.

Recharge Wrap-up: Tesla's new wheels, BMW Smart Transport Robots

Tesla has added a new standard wheel option for the Model S. The electric carmaker updated its configurator to include the 19-inch "Slipstream" wheels, replacing the standard five-spoke wheels. The Slipstream wheels look somewhat similar to the larger Turbine wheels Tesla also offers in the Model S. Recent deliveries may have included the new wheels, and one Redditor said he was surprised to find them on his new Model S. Customers can still opt for the 21-inch Turbine wheels or the 19-inch Cyclone wheels for additional cost. Read more from Teslarati. A scam artist who pled guilty to fraud for selling credits for biodiesel he didn't produce has been sentenced to more than 10 years in prison. Philip Rivkin will spend 121 months in prison with three years of supervised release, and is required to forfeit $51 million and pay $87 million in restitution. Rivkin pled guilty to one count of mail fraud and one count of making a false statement under the Clean Air Act. "Today we take another big step toward upholding the integrity of an important program that reduces greenhouse gas emissions and promotes energy independence," says EPA Assistant Administrator Cynthia Giles. She adds, "This sentence deters would-be violators and helps protect responsible companies that follow the rules." Read more from the US Department of Justice. BMW will launch its On-Street Parking Information service this year. By the end of 2016, the service will allow drivers in the US and Germany to find open parking spaces through their navigation system. It uses movement data of cars entering or leaving parking spaces to predict areas that are more likely to have vacant parking and direct drivers to those areas. Besides offering convenience, On-Street Parking Information could help save fuel that cars use while the driver searches for parking. BMW says trials in major cities have already delivered "reliable results." Read more at Green Car Congress. BMW is developing autonomous robots that move parts around its factories. The Smart Transport Robots can make their way to rolling parts containers and deliver them to where they need to be on the factory floor. The robots use radio transmitters and a digital map to navigate around the factory, but BMW plans to eventually upgrade to a more accurate 3D camera system. Powered by retired BMW i3 batteries, the robots have enough charge to last an eight-hour shift. According to BMW Vice President of Foreign Supply Dr.

BMW says this isn't an Art Car, and we fully agree

The "what is art" debate is as old as cave drawings. Or maybe it's older. That's up for discussion, but BMW says the artiness of this spaghetti-monster i3 is not. BMW found it necessary to put out a press release explaining that this pasta-decorated i3 is not only not part of its Art Car series, but also that its creator, artist Maurizio Cattelan, no longer makes art. So it definitely can't be called art, excluding it from Art Car consideration. We weren't going to accidentally call it either, though. The wrapped electric car was created for the Recontres d'Arles photography exhibition in Arles, France. They're calling it a "Spaghetti Car." Uh huh. Some choice quotes from the release: "Lest there be any confusion, it must be officially clarified that what Maurizio Cattelan created is not an official BMW Art Car. The artist's design will be destroyed according to Cattelan's wishes sometime after Rencontres d'Arles." We hope that means the wrap gets torn off and burned. There's a perfectly good i3 underneath to salvage. "Maurizio Cattelan has still officially retired from 'art' since his 2011 retrospective at the Guggenheim Museum, New York, although he only recently created a toilet bowl made of solid gold for the Upper East Side institution." See also: Marcel Duchamp's "Fountain" for more discussion of art/not-art. Related Gallery BMW Art Cars It sounds like Cattelan struggles more with the definition of the word "definition" than with "art." Is the irony that there is art in calling something not art? This might just be too meta for us to get. Anyway, about the only useful part of the release is a reminder that the next Art Car will be based on an M6 GT3 and is due in late 2016 or early 2017. It's currently being worked on by two people who presently consider themselves artists, John Baldessari and Cao Fei. We trust it won't be covered in food. Related Video: Green BMW Electric bmw art car