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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.

Jeep Wrangler gets the wide-track treatment

When we read the tip about a Gulf-state diplomat in Rabat, Morocco who had supposedly "merged two Jeep Wranglers," we figured the two off-roaders were somehow linked front-to-back. Oh no. As you can see in the image above, taken from video of that vehicle actually traveling down the road and needing more than one lane to do it, the two Jeeps were put together side-by-side.
The seriously widebody truck is said to have six wheels, one at each corner and two in the middle. That's about all anyone seems to know about it at the moment, and that's probably enough - in these situations you know better than to ask why, just watch the video below.

2019 Jeep Cherokee finally reveals its all-new nose

We've known for a while that the refreshed Jeep Cherokee was going under the knife in order to ditch its controversial face. While the crossover's looks have grown over time, it was still a little too weird and awkward for some buyers. Now, thanks to our trusty spy photographers, we have a really good look at the Cherokee's new mug. Surprise! It looks like every other product in Jeep's lineup. The current model has a split lighting setup that places the main headlights down low, almost below the grille. The turn signals/parking lights are way up high, nearly on top of the fender. This new model has those two meet in the middle. The shape is generally what you would find on both the new Compass and Jeep Grand Cherokee. It's handsome, even if it does lose a bit of character. The rear, too, has been changed. The license plate moves up and into the tailgate, giving it a more muscular, less flabby look. The smaller rear reflectors have been moved upward. The taillights look different, but it's hard to say if those are just temporary units. Either way, expect a new design that once again cribs from the 2017 Jeep Compass. Since this is a refresh, don't expect to wait too much longer until we see the new model's debut. We could see it as soon as the Detroit motor show next month. Expect current powertrains to carry over with a slight boost in fuel economy. Related Video: Featured Gallery 2019 Jeep Cherokee Trailhawk spy shots View 14 Photos Image Credit: Spied Bilde Spy Photos Jeep Crossover SUV Off-Road Vehicles