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GM, Ford, Toyota, Stellantis CEOs want EV tax credit cap lifted

For just over a decade now, the U.S. has had a federal tax credit worth up to $7,500 for buyers of electric cars and plug-in hybrids. The catch has been that, once 200,000 of them were claimed for a manufacturer, that credit would be phased out. Now, automakers are asking for this cap to be lifted across the board, specifically General Motors, Ford, Toyota and Stellantis. The request comes in the form of a joint letter to Congress (which you can read here), signed by the CEOs of each company. And the ask really is as simple as that. The automakers would like the cap lifted for all EV manufacturers, and instead have a sunset date for the tax credit put in place. Broadly speaking, they want it lifted because of concerns about rising costs from materials and supply chain issues, which can lead to higher prices and could discourage buyers from getting an EV. It would also put automakers back on an even playing field. GM reached its tax credit cap a few years ago, meaning that none of its EVs are eligible for the tax credit. So while it reaped the benefits early on, it now has something of a disadvantage to competitors with credits remaining, such as those that signed on to this letter. GM wouldn't be the only beneficiary. Tesla ran out of credits years ago, too. Nissan still has credits, but likely not for much longer, as InsideEVs reports around 190,000 Leafs have been sold in the U.S. as of April. So it will probably face a phase-out soon, just as the anticipated, and more expensive, Ariya is heading to market. Making this change would also seem like a good choice for continuing to stimulate EV sales, if that's what the government is looking to do. While EVs are now reaching parity in practicality and performance with gas-powered cars, having an additional financial incentive will surely keep them looking more attractive. And automakers can push EVs without fear of running out of credits early. Certainly some sorts of changes to the EV tax credit are likely. There are bills in the works focusing on cap changes as well as the amount of money available, and which vehicles are eligible. Credits up to $12,500 have been proposed, plus possible credits for used EV sales and restricting some credits to vehicles of certain price brackets. Of course, any changes will require some cooperation in a deeply divided Congress. Related Video: Government/Legal Green Chevrolet Chrysler Ford Toyota Electric EV tax credit

Autoblog's top 50 car photos of 2016

This one shouldn't need much explanation. We like cars a whole lot, and that includes not just driving them but taking great pictures of them. We've collected our 50 favorite images from this year in the mega-gallery above. It's a mix of old and new, with a healthy dose of vintage and modern race cars mixed in, and not one single shot under the harsh lights of an auto show. So click through and enjoy. Featured Gallery Autoblog's Top 50 Photos of 2016 View 50 Photos Image Credit: Copyright 2016 Autoblog.com Audi BMW Chevrolet Dodge Ferrari Ford Lamborghini Mazda McLaren Mercedes-Benz Porsche Rolls-Royce Volvo Convertible Coupe Motorcycle Luxury Racing Vehicles Performance Supercars Classics

Minor updates coming to 2017 Chevy Volt

The 2016 Chevrolet Volt has just appeared at dealerships, but already the talk has turned to the mildly updated 2017 model going on sale in a few months. The new Volt has already won the 2016 Green Car of the Year award and is sparking a noticeable uptick in sales over the outgoing model. Chevy is now planning to keep interest in the second-generation Volt strong with some tweaks and increased availability. The main equipment change to the 2017 Volt will be the option of adaptive cruise control on both the base LT and uplevel Premier, according to CarsDirect. While the Volt already offers safety technology such as blind-spot monitoring and forward collision warning, adaptive cruise has been conspicuously absent. But the largest change will be that the 2017 Volt gets nationwide availability. GM decided to focus on strong markets for the original Volt when it chose where to introduce the new model. Buyers interested in the second-generation model have until now been limited to making purchases in states such as California, Maryland and the Northeast. This will all change soon. Conversely, you can have a 2016 Nissan Leaf now in all 50 states, or a 2016 Toyota Prius very shortly. But in our first drive of the Volt, we found it to be, "an efficient, no-compromise EV" and worth the wait for those who don't live in the states with the strictest emissions laws. Perhaps the reason the 2016 Volt is already being given an injection of dealer incentives is because of its relatively short lifespan. The 2017 Chevy Volt should arrive on dealer lots by spring 2016. Featured Gallery 2016 Chevrolet Volt: First Drive View 24 Photos News Source: CarsDirect via Green Car Reports Green Chevrolet Electric Hybrid ev sales