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F-150 Lightning price, EV tax credit rules, EV Vermont deals: Car News Today


Ford F-150 Lightning price increased again. Vermont will pay residents to retire and switch to electric vehicles. And the IRS is moving quickly on sourcing rules for the new EV tax credit. This and more, here Green car report.

Ford was once again Ford F-150 Lightning price increase. This time, add another $5,000 for the base 2023 Lightning Pro models, making them $12,100 — or nearly 30% — more than the original price for the 2022 model year. Ford says it’s supply-chain related. and the price increase does not apply to vehicles currently awaiting delivery.

The Internal Revenue Service (IRS) will fast-track the various US sourcing and supply chain rules required for the EV . tax credit, on the Refurbished Clean Vehicle Credit form, according to the Treasury Department. To do this, it is necessary to check in with industry, trade unions and climate and environmental justice advocates.

The US state of Vermont is providing a $3,000 cash incentive for those who replace a “highly polluting vehicle” with a new or used EV. It is the second state to have a dedicated electric vehicle retirement plan, after California. Instead of just incentivizing sales, should this retirement idea, like Cash for Clunkers, be more widely adopted?

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