2013 Chevrolet Corvette 3zr 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.

1972 Dodge Challenger on an M1009 CUCV military frame is YES

The subject of this post is cause for celebration, not reason to ask "But why?" We don't know why this random Craigslist seller chose to marry the body of a 1972 Dodge Challenger with the frame and axles from a 1987 Chevrolet M1009 military vehicle. We're here to appreciate it, thanks to The Drive, and maybe spend some time after dinner considering whether to buy it. Now that we're on the same page, an owner in Tucson wants to rid his garage — or his Bullet Farm — of what appears to be an exceptionally well built conversion. Starting from the bottom, the M1009 CUCV, for Commercial Utility Cargo Vehicle or "Cuckvee," emerged from a program turning K5 Blazers into supply rigs that were meant to support hardcore hardware like the AM General Humvee. The M1009 got GM's 6.2-liter Detroit Diesel V8, a TH400 transmission, an NP-208 chain-driven transfer case, a 10-bolt rear axle and 3.08 gears. Produced from 1983 to 1987, they returned "less than desirable" results in the field and the military unloaded them. Not much of that remains for this build. The diesel got dropped, replaced by a 5.7-liter GM gasser with a four-barrel carb and long-tube headers, shifting though a 4L80E automatic transmission attached to a U.S. Shift Quick 1 transmission controller in the cabin. The seller doesn't mention output, but if it's a more recent Chevy 350 then it'll certainly provide a healthy bump over the maximum 160 horsepower from the diesel, especially running through a custom Flowmaster dual exhaust. An NP-205 two-speed transfer case switches between 2H, 4L, and 4H. The Dana 44 front and Dana 60 rear axles feature lockers and 3.52 gearing in back. Skyjacker Black Max provides the suspension to keep the 37-inch BFG KM2 on the pavement or the dirt. About 11,000 miles ago the owner rebuilt and upgraded the drivetrain, installing new accessories like a high-rise intake, four-core radiator, new alternator and Holley fuel pump. Losing the K5 body for an E-body Challenger cap means losing M1009 features like the rifle rack and gas can mounts. But you gain style, something real hard to find on a vehicle stout enough to back you up when you tell the crew, "I've been to hell and I'm going back." As part of that rebuild a few miles back, the minimalist interior got all new panels, dash and custom gauges, headliner, seats, and a Sony audio system with Alpine amps, a sub, and Kenwood speakers.

C8s, V8s and the 2022 Car, Truck and Utility of the Year | Autoblog podcast #712

This episode of the Autoblog Podcast features Editor-in-Chief Greg Migliore and Associate Editor Byron Hurd. They kick off with an overview of the 2022 North American Car, Truck and Utility of the Year award winners (spoiler: Ford did well). After that, they talk about GM's electric pickup strategy and whether a premium electric pickup from Cadillac makes sense. Then, they pivot to Mitsubishi and the future of the Ralliart nameplate. Will we ever get a fun, inexpensive enthusiast car from the Japanese automaker again? Then it's on to what Byron's had in the driveway for the past couple weeks, including a 2022 Chevy Corvette and a 2022 Jeep Wrangler Rubicon 392 Xtreme Recon. Plus, he talks about putting some new snow tires on his personal Jeep Wrangler for evaluation in Michigan winter.  Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #712 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown News: 2022 North American Car, Truck and Utility of the Year winners Should Cadillac build an electric pickup truck? The future of Mitsubishi and Ralliart What we're driving: 2022 Chevrolet Corvette 2022 Jeep Wrangler Rubicon 392 Xtreme Recon Snow tires! Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related Video: