Happy Thursday and the first week of August. Did you know that there is NFL Football on tonight? Anyhoo, this week we have news on Ford, Legislation, Stellantis, Mercedes, BMW, Pony.ai, and more.
Make sure to share this newsletter have an amazing day.
The U.S. Senate plans to expand EV tax credits, resulting in a non-capped $7,500 credit for new vehicles and a $4,000 credit for used vehicles. Great news, right? Well, not completely. There will be caveats. This credit would only be available on cars that are $55,000 or less and trucks that are $80,000 or less.
That’s not all. It’s tied to income as well. If you make over $150,000 as an individual or $300,000 combined, you would not be eligible for this credit. It would be available as an immediate point-of-sale credit though instead of a credit during tax season, so that’s another positive. Some manufacturers are pushing back, such as Rivian. We’ll see where this ends up.
Ford’s EV sales have jumped 36.6% from August 2021. Industry sales, on average, have decreased by 10.5%. Ford also sold over 60,000 vehicles in July, the first time that has happened this year.
Gas credit cards are super popular, especially with these gas prices. Now, many credit cards are expanding their gas category to offer EV charging incentives. Hopefully, this will further encourage widespread EV adoption.
The City of Cleveland’s Department of Utilities will install EV charging stations to aid in the transition to an EV-only fleet of vehicles.
Stellantis overtook Tesla in European EV sales. In the first half of 2022, Stellantis sold 105,413 vehicles, while Tesla sold 78,277. Volkswagen outsold everyone with 116,307 vehicles sold.
EV of the Week
With a quicker top speed than a Porsche Taycan 4S and the option for drift mode, how could we not choose the 2022 Kia EV6 GT this week? This is Kia’s fastest and most powerful model to date. The GT features 21” alloy wheels, allowing for bigger brakes, revised front and rear bumpers, and a tailgate spoiler. The inside has semi-bucket seats and a “GT” mode switch on the steering wheel. I can picture myself now, hitting up the semi-annual Nordstrom sale at the mall and then drifting through the parking lot in excitement before heading home!
0-62 mph in 3.5 seconds
577-horsepower dual motor
161 mph top speed
545 lb.-ft of torque
Rebecca @ Mobility EVo
Autonomous vehicles are America’s future in its delivery future for long and middle-mile deliveries. Amongst quick delivery times, AVs should be seriously considered as they will:
Allow the opportunity to scale supply operations, while facing driver shortages and rising labor costs.
solve the urban-middle mile use cases as the supply chain becomes increasingly complex
meet consumer expectations for delivery speed and predictability
improve transparency and traceability across the supply chain
increase safety, leading to fewer delivery disruptions
In other AV News
Faction has chosen Pointe One navigation tech as a partner in the company’s effort to bring three-wheel autonomous vehicles to public roads that are cost-effective and reliable.
The Mercedes Drive Pilot is your best friend during obnoxious traffic. Offering Level 3 autonomy, the first vehicle to reach this, and a wide screen to watch videos, giving drivers a chance to relax.
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