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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.

Bronco Scout, Ford and Rivian, and next-gen Land Cruiser | Autoblog Podcast #578

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Road Test Editor Reese Counts and Assistant Editor Zac Palmer. First, they dicuss recent news, including the upcoming next-gen Toyota Land Cruiser, Ford's trademarking of "Scout" and "Bronco Scout," and Ford's $500 million investment in EV startup Rivian. After that, they talk about the cars they've been driving, including the Jeep Wrangler, Cadillac XT4 and Buick Regal GS. Last but not least, they help a listener choose a new car in our "Spend My Money" segment. Autoblog Podcast #578 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Toyota promises a next-generation Land Cruiser Ford trademarks "Scout" and "Bronco Scout" Ford invests $500 million in Rivian Cars we're driving: 2019 Jeep Wrangler 2019 Cadillac XT4 2019 Buick Regal GS Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:

Mopar stuffs the Jeep Performance Parts catalog with 200 accessories

We don't get to savor the all-new 2018 Jeep Wrangler until sometime in November. Today at SEMA, however, we get to sample some of the more than 200 Jeep Performance Parts that Mopar designed for America's off-road mascot. Among the totally new offerings are a roof rack and a stowable tailgate table. The roof rack can accommodate the standard carriers, such as those for skis, snowboards, and bicycles. The tailgate table flips down from the rear hatch, creating a workspace complete with a beverage holder. Urbanites can get down with the mesh and solid bikini tops, a cargo tray that extends to the back seat and doubles the surface area, logoed door sills, and new fuel doors. Redesigned tire covers flash new graphics and incorporate an aperture for the backup camera. When distant GPS points require low-range four-wheeling, redeveloped goodies include 17-inch beadlock aluminum wheels, a two-inch lift kit that permits 37-inch tires when paired with high-top fender flares, thicker, wider rock rails coated with Ram bedliner material, and hard-secured grab handles. Five-inch LEDs throwing 4,080 lumens and seven-inch LEDs throwing 8,000 lumens work with a new mount kit to attach to windshield, winch guard, or frame rails. An auxiliary switch bank with a dedicated power distribution center means convenient access to controls for auxiliaries like those lights and the Mopar Warn winch. A screen protector keeps dust and debris from damaging the Uconnect screen. When the inevitable boo-boo happens, grab for help from the improved emergency first-aid kit and roadside assistance kit. Mopar says the entire range of Jeep Performance Products will be available at dealerships as soon as the Wrangler goes on sale. Related Video: Featured Gallery Jeep Performance Parts: SEMA 2017 View 17 Photos Related Gallery 2018 Jeep Wrangler Mopar accessories View 14 Photos Image Credit: Live photos copyright 2017 Drew Phillips / Autoblog.com Auto News Aftermarket SEMA Show Jeep SUV Off-Road Vehicles SEMA 2017