Washington wants rebate on EVs
The federal government currently offers a $7,500 tax credit on the purchase of electric vehicles, but that can't be taken until buyers file their income taxes.
LaHood said he expects the change to be a part of any tax bill that is passed in the next year and a half.
He made the remarks during a tour of Nissan North America Inc.'s lithium-ion battery plant in Smyrna. The plant should be complete in late 2012 and will be able to produce 200,000 batteries a year for the all-electric Nissan Leaf.
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Europe's EV Slump Sounds Alarm for Climate Goals
BERLIN - A recent slowdown in Europe's electric vehicle (EV) sales raises serious concerns about the region's ability to achieve its ambitious climate targets. After years of steady growth, new EV registrations declined in key markets like Norway, Germany, and the U.K. in early 2024. Experts are warning that this slump jeopardizes the transition away from fossil fuels and could undermine Europe's commitment to a net-zero emissions future.
Factors Behind the Decline
Several factors are contributing to the slowdown in EV sales:
- Reduced Incentives: Many European countries have scaled back generous subsidies and tax breaks for EV purchases.…
