The Biden administration is expected to announce on Friday what will disqualify EVs from eligibility for the $7,500 subsidy. However, the government is reportedly discussing granting automakers a temporary reprieve from the proposed restrictions on EVs containing battery parts or materials coming from China.
The requirements, which were part of Biden’s landmark climate law, will not allow tax breaks for vehicles containing battery components or critical minerals from foreign entities of concern starting in 2024 and 2025, respectively. On Friday, the Biden administration is expected to put the finer points on what this all means, what will quality and what won’t, which will be critical to shaping the EV market in the US with massive potential sales implications for the industry.
The rule is a major push to get automakers to rely less on a Chinese-dominated supply chain. But of course, some automakers are left waiting to hear before moving forward on deals or investments to build EV batteries or acquire critical materials.
The Inflation Reduction Act has funneled huge investments into building a battery and other materials in the US, with 14 battery plants under construction in the country. But many are predicting that it’s way too early for these to bear fruit. If the new plans disqualify batteries with even minor contributions from Chinese companies, very few, if any, EVs would be eligible for the credit, which could potentially slow the transition from gas-powered cars to electric ones even more.
Tesla has already told customers that the new rules will likely remove or reduce the tax credit for Tesla vehicles next year.
“We’re in ongoing discussions,” Democratic Sen. Debbie Stabenow of Michigan told Bloomberg regarding the potential temporary reprieve for automakers. “I certainly weighed in to express support for the concerns of the automakers.”
“The Inflation Reduction Act is increasing our energy security by encouraging investments in America and building secure supply chains,” the Treasury Department said. “By building in America with American workers, we are putting the United States and US automakers in a position to lead the clean energy transition and pushing down costs for clean energy technology.”
Democratic Sen. Joe Manchin told Bloomberg that he plans to push back if the administration softens its stance on EV materials coming from adversarial nations. “We’re going to hold them very much to the intent of the bill and not the intent of what they want,” Manchin said. “They are trying to implement a piece of legislation they couldn’t pass.”
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That viral Tik Tok video showing a “self driving” Ford Mustang Mach-E scraping its way down the highway with a helpless passenger behind the steering wheel praying for his life? California Highway Patrol says the car wasn’t driving itself during the viral highway crash and arrested the driver on suspicion of driving under the influence.
If you have’t seen the video, posted by TikToker Marty Byrde, it shows a self-driving Ford Mustang Mach-E driving down the road, grinding itself against the highway’s concrete Jersey barriers, with the driver behind the wheel, seemingly helpless and afraid and trapped inside an out-of-control vehicle, apparently praying for his life.
There, in a single video, was everyone’s worst fear in an age of electric steering, brake-by-wire, and self-driving cars: a car that loses its mind, killing you and everyone you love and probably a busload of orphans for good measure. (!)
But, thankfully, that doesn’t seem to be what actually happened. At least, not according to the California Highway Patrol (CHP) in Redwood City.
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In case it vanishes, the CHP press release does a good job of explaining the situation as it stands, while emphasizing that any short-form video content is going to lack potentially needed context before the public begins to panic about a Maximum Overdrive sort of scenario.
The preliminary investigation indicates the driver of a green Ford Mustang Mach E, crashed into a red Mitsubishi Mirage then collided with the right shoulder wall near the Holly Street overcrossing. Through our investigation, we determined the vehicle was not operating in autonomous mode and CHP officers arrested the driver on suspicion of driving under the influence, resulting in injuries to another.
While we understand public interest in such incidents, video clips may not capture the complete context or investigative process. The CHP conducts each investigation thoroughly, professionally, and in accordance with the law. We thank the community for its concern and remind motorist to report dangerous driving by calling 9-1-1.
The video was especially surprising given Ford’s BlueCruise excellent track record. The system is good enough, in fact, to have been named the top active driver assistance system (ADAS) by Consumer Reports, surpassing rivals such as GM’s Super Cruise and Tesla’s Autopilot in a comparison test of similar OEM ADAS systems.
The original Tik Toker who recorded the now viral video (I hate that phrase, too, but millions of people have seen it by now) reported that no one seemed hurt in the ensuing accident. Coupled with CHP’s confirmation that the Mach-E wasn’t driving itself during the accident, I’d say that walking out of a hands-free, highway speed crash is as good an endorsement as any … but in case you need another one, this one went 250,000 miles and still had 92% of its battery life left.
Ford is currently offering 0% interest financing for up to 72 months for well-qualified buyers, as well as $1,000 in retail bonus cash in some markets.
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The Trump Administration’s “Big Beautiful Bill” (BBB) is doing a lot of damage to America’s health, economy, and global standing – but one thing it certainly has not done is make it “too late” for US homeowners to benefit from a rooftop solar system.
Companies like Tesla and Rivian are reeling from the double-whammy of Trump’s BBB ending the $7,500 Federal EV tax credit early and killing the market for carbon tax credits, which provides EV car brands with hundreds of millions of dollars, almost overnight. Still another part of the bill that’s getting a lot of publicity is the death of the 30% tax credit for home solar systems at the end of 2025, which has led many Americans who have been “on the fence” about adding a solar or solar + storage solution to their home to believe they waited too long to go solar.
The good news? It’s not too late. Homeowners who get solar installed and operational by December 31st can still claim a full 30% federal tax credit for 2025, and any unused portion of that credit rolls over to the next tax year.
The better news? Even without the solar tax credit, adding a home solar system with battery backup storage can still deliver a positive ROI.
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Solar benefits go beyond tax credits
Home solar installation, via Sunrun.
The most obvious benefit of home solar plus battery storage is that you can produce your own energy (or, if you’ve been following along for a while, electric fuel) for less than it would cost you to buy that energy from your local utility. That’s been true for a while, but it’s about to become even more true.
Energy Innovation’s analysis skews left, and tends to focus on “left of zero” outcomes. Still, when the corporatist rags start quoting bad numbers and bear markets, you should probably pay attention. Some of the key takeaways of the EI study include:
Power generation capacity will fall 340 gigawatts by 2035, raising costs to meet growing demand and damaging industrial competitiveness
Wholesale electricity prices will increase 25 percent by 2030 and 74 percent by 2035; electricity rates paid by consumers will increase between 9-18 percent by 2035
Household energy costs will increase $170 annually by 2035
America loses $980 billion in cumulative GDP through the budget reconciliation window
Florida, Texas, Kentucky, and both North and South Carolina stand to be hit the hardest by rising energy costs over the next ten years
“There are more efficient ways to passively cool buildings, such as reflective roof membranes,” explains Jan Kleissl, a professor of environmental engineering at UC San Diego. “But, if you are considering installing solar photovoltaic, depending on your roof thermal properties, you can expect a large reduction in the amount of energy you use to cool your residence or business.”
What’s more, because the rising costs of energy prices are outpacing interest rates, it might even make sense to finance a solar package – but definitely don’t take my word for that. Talk to a certified financial planner or someone with a fiduciary interest in your money to work the numbers before you start signing stuff.
If you’re considering going solar, it’s a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get any annoying calls. No will will call until you select an installer and you share your phone number with them.
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The Corvette CX making its debut at this weekend’s The Quail, a Motorsports Gathering, generates more than 2,000 combined hp from its four, individually controlled and torque-vectoring electric motors. It’s staggering power, draped in beautiful bodywork, at a point in time when Corvette is rapidly climbing through the supercar ranks. There’s only one problem with this latest rendition of America’s motorsports icon: China’s has 1,000 more hp.
The specs for the Yangwang U9 Track Edition that leaked last week in BYD filings with the Ministry of Industry and Information Technology (MIIT) read like something out a middle schooler’s journal. 3,000 hp. 0-60 in one second. An electric motor for each wheel. A top speed approaching 300 mph. If it’s real (and there is absolutely zero reason to believe that it isn’t), the BYD will be the performance car benchmark against which all others are measured, like the Ferrari F40 of the 1980s, McLaren F1 of the 1990s, or Bugattis of the twenty-first century.
And that 3,000 hp BYD? That’s a production car, if limited. Meanwhile, the latest no production intent, pie-in-the-sky, no-holds-barred, you can just say shit and no one will ever question it electric hypercar concept from GM falls more than 1,000 hp short, at “just” 2,000 hp.
But don’t count the Corvette out.
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More grease, bigger hammer
Callaway Sledgehammer, via Mecum Auctions.
Whatever you may think of poster-era supercars like the Lamborghini Diablo, Porsche Carerra GT, or Pagani Huayra – or even modern electric hypercars like the Tesla Model S Plaid and Xiaomi SU7 – the one thing they all have in common is that they are all objectively slower than the 255 mph Callaway Corvette Sledgehammer from 1988, above.
I won’t go into the specs of that car (this isn’t that kind of car blog), but the point is that while the Corvette is often overlooked, there is a reason GM’s top-shelf sporty car carries that “King of the Hill” nickname – and the new Corvette CX concept is similarly, undoubtedly, more than just a list of specs in a magazine.
And those specs are seriously impressive. The new Corvette CX concept packs four independent electric motors putting out a combined 2,000 hp and some ungoldy amount of Earth-moving torque under advanced software controls that enable four-wheel torque vectoring for maximum grip and cornering performance, as well as precise steering control under even the heaviest of braking.
Power to those motors comes from the Corvette CX’ 90 kWh lithium-ion battery that’s centrally mounted low in the chassis, giving the car a low center of gravity and, crucially, ideal 50/50 front-rear weight distribution.
Plus: it’s gorgeous
The Corvette team says the CX concept draws from more more than seventy (!) years of Corvette heritage while being a forward looking concept, not a retro piece. Stylistically, the concept seems more visually mature and subdued than its in-production C8 cousin, and seems to promise a return to the C3-5 eras’ cleaner, less busy aesthetics.
Phil Zak, executive design director for Chevrolet, is very rightly proud of the CX’ design. “While the shape of a Corvette has always been expressive and forward-looking, each crease and line has its roots in the generations that came before it. It is aspirational, it is cultural, it is the reason people want to come and work at Chevrolet,” says, Zak. “The CX … demonstrate(s) our design teams stepping away from the constraints of production vehicles and unleashing their creativity. Through this exercise, we’ve added to Corvette and defined the design direction for Corvette moving forward.”
Aggressively futuristic, yet unquestionably a Corvette, the CX concept shows what an uncompromised future sports car can be. The athletic exterior design, highlighted by the fighter-jet-inspired cockpit canopy, isn’t just about looking powerful – it was shaped in collaboration with the GM Motorsports Aero Group. Every angle was designed with ultimate performance in mind.
On the inside, every aspect of the CX concept was designed to provide an unmatched driving experience. The forward-opening fighter-jet-style canopy automatically raises as you approach. Driver and passenger settle into seating finished in Inferno Red ballistic textile, bolstered to help hold occupants in place during high-g cornering maneuvers. Premium silicone leather, milled aluminum, and low-gloss forged carbon fiber accents give an elevated feel to the driver-focused cabin.
The digital windscreen transforms the windshield into an immersive surround display with real-time performance data. Every major control is elegantly integrated into the steering wheel, keeping the driver’s focus on the road ahead.
The innovations continue underneath the skin with the Vacuum Fan System. Built-in fans draw air through the open-channel bodywork, generating massive downforce and adjusting the airflow over the rear diffuser to refine aerodynamic balance in real-time. The front diffuser and rear wing are both active, adjusting automatically in response to the driver’s inputs to generate maximum grip. The integrated understructure of the CX concept is visible through the aero channels in the bodywork, and the suspension A-arms are wing-shaped to enhance airflow and reduce front-end lift.
All in all, the new Corvette CX concept is an impressive piece of engineering and rolling art. It’s also a statement from GM that, while the Corvette may very well be going all-electric in its next iteration, it won’t be going any slower. In fact, the first electric Corvette might even be the best one ever – but don’t say that one too loud (you’ll upset the New Balance crowd).
That said, as a pure concept that almost no one will ever drive and which might never get publicly strapped on to a dyno, it is absolutely baffling that Chevy wouldn’t have just claimed 3,000 hp. Even if it was just to match BYD’s claims and continue to build on a century of hype for American exceptionalism, you know?
That’s my take, anyway – what’s yours? Watch the Corvette CX Concept hype video from Chevrolet, below, then let us know what you think of the latest GM concept in the comments.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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