F-150 Lightning prices, EV tax credit rules, Vermont EV incentive: Today’s Car News

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    Ford F-150 Lightning costs rise, once more. Vermont can pay residents to retire gas-guzzlers and change to EVs. And the IRS is transferring quick on sourcing guidelines for the brand new EV tax credit score. This and extra, right here at Inexperienced Automobile Experiences

    Ford has as soon as once more hiked the value of the Ford F-150 Lightning. This time, it’s one other $5,000 added to base 2023 Lightning Professional fashions, making them $12,100—or practically 30%—greater than they initially value for the 2022 model yr. Ford says it’s supply-chain-related, and the hike doesn’t apply to these at present awaiting supply. 

    The Inner Income Service (IRS) might be fast-tracking varied guidelines on American sourcing and the provision chain required for the EV tax credit score, in its revamped Clear Car Credit score type, in line with the Treasury Division. To do that, it’s checking again in with trade, unions, and local weather and environmental justice advocates. 

    The U.S. state of Vermont is providing a $3,000 money incentive to these changing a “high-polluting car” with a brand new or used EV. It’s solely the second state to have such a retirement program particular to EVs, after California. As a substitute of solely incentivizing gross sales, ought to this concept of retirement, considerably like Money for Clunkers, be extra broadly utilized?

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