Ford Expects Mach-E To Lose Federal Tax Credits

The Inflation Control Act (IRA) made significant changes to which vehicles qualify for the electric vehicle federal tax credit. The status of the federal EV tax credit is expected to change again on January 1, 2024, which could potentially confirm the current list of EVs eligible for the federal EV tax credit. there is. Source: Cars Direct

Volvo Reports 20% Sales Increase In Third Quarter, Expects Sales To Decline In 2024

An electric truck outside Volvo Trucks’ Tuve factory in Gothenburg, Sweden. (Holly Adams/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] Volvo Group announced on October 18 that global profits and sales increased in the third quarter, but it expects global truck sales next year to be down compared to 2023 levels. The Sweden-based company reported third-quarter Read More