The Inflation Reduction Act has passed, and with it comes major EV Tax Incentive changes.
Starting immediately, the up to $7500 tax credit will only go to EVs assembled in North America. That totals only about 20 models, but not all are eligible. Those that are included, the Ford F150 Lightning, Rivian R1T, and Nissan Leaf. But, come the first of the year many fewer will qualify. To stay up-do-date on available EV tax credits check out the U. S. Department of Energy’s Alternative Fuels Data Center website.
Speaking of the Lightning, Ford’s EV pick-up is getting a pick-up in price. List price of the 2023 F-150 Lightning will increase between six- and nine- thousand dollars, depending on trim. Ford says the hike is due to the rising cost of materials.
Toyota’s first “Beyond Zero” vehicle is being recalled. The bZ4X EV crossover has a hub bolt problem that could cause the wheels to fall off. Fortunately, only a few hundred affected vehicles reached US buyers. Toyota is offering loaner vehicles as well as buy back offers.
The original dune buggy is back! The Meyers Manx 2.0 is a modern reimagining of the iconic off-roader. This new version will be all-electric, street legal, and is expected to arrive in 2024.
And that does it for this week’s Motor News.
See more of Motor News segments on our website: https://www.motorweek.org/auto_news/motor_news/
Find airdates on your local PBS station HERE: https://www.motorweek.org/about/station_listings/
Want to watch full episodes of MotorWeek? Download the PBS video app for FREE or watch here: https://www.pbs.org/show/motor-week/
MotorWeek, PBS’ award-winning weekly automotive magazine provides unbiased, consumer-oriented car news with feature stories on related topics.