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Tax credits are good, but on-the-spot tax credits are really killing it

mercedes benz parked in a row

The new year rolled out a new plan where EV shoppers could get on-the-spot tax rebates when purchasing a new electric vehicle, with auto dealers then handling the paperwork and waiting to get reimbursed by the government. The US government says it has already paid out $135 million to auto dealers that signed up for the program so far this year.

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Major BMW, Ford, and Chevy supplier to make its US plant ‘flexible’ for ICE and EVs

Major German car parts maker ZF Friedrichshafen is investing a hefty $500 million into its transmission plant in South Carolina – all to transform it into a “flexible manufacturer of parts” for both ICE and plug-in hybrids, and for both passenger cars and large commercial vehicles by launching production of its PowerLine transmission in the US.

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