EV Tax Credit and Charger Incentives
Federal incentives for electric vehicles are undergoing significant changes. The Clean Vehicle Credit, worth up to $7,500, is currently set to end on September 30, 2025, unless Congress takes action to extend it. If you’re also considering installing a home charging system, be aware that the related tax credit will end on June 30, 2026. Both programs offer savings opportunities, but timing is essential.
Serious AI technology has been around for a few years now, but automakers are just now starting to ramp up AI integration into their newest models. Volvo frequently added Google tech to the interior of their Volvo vehicles, but now they're incorporating Google Gemini tools into many new Volvo designs. Customers who prefer AI technology to guide their day will be thrilled with this announcement.
The idea of a circular economy isn't new, but Volvo realizes that ideas don't actually get things done. You have to do something. Because of this, they're taking practical and important steps toward making a 100% circular business by 2040 a reality. Their Maastricht terminal will be the biggest factor in transforming a noble idea into a powerful reality.