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The Toyota Prius Plug-in Hybrid, released in January 2012, is eligible for a $2,500 tax credit due to its smaller battery capacity of 5.2 kWh. All Tesla Motors cars are eligible for the 7,500 tax credit.
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As defined by the 2009 ACES Act, a PEV is a vehicle which draws propulsion energy from a traction battery with at least 5 kwh of capacity and uses an offboard source of energy to recharge such battery. [18] The tax credit for new plug-in electric vehicles is worth US$2,500 plus US$417 for each kilowatt-hour of battery capacity over 5 kwh, and ...
In 2010, the cost of the 16 kWh battery in the Chevrolet Volt was estimated at US$1,000 (equivalent to $1,400 in 2023) per kilowatt-hour. [30] With Ultium, GM estimates the cost will be reduced by 90% to approximately $100/kWh. [ 30 ]
Honda has committed to making all its sales electric or hydrogen-powered by 2040 but has faced challenges scaling up its operations. A potential merger isn’t without risks, however.
Honda will join Ford, GM and other electric vehicle makers in adopting Tesla's charging technology, the company announced Thursday. Honda Motor Co. said it will use Tesla's fast-charging port for ...
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