VW Battery Gigafactory, Bolt EV Rebates, Toyota EV Tax Credit Phaseout: The Week in Reverse

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Which automaker has beaten Tesla so far this year in electric vehicle sales, according to some reports last week?

Which company has confirmed that they have 1,000 battery swap stations?

Here’s our look back at the week inside out – right here at Green Car Reports—for the week ending July 8, 2022.

This week, Toyota confirmed it has delivered the 200,000 qualifying vehicles that will trigger a phase-out period for the electric vehicle tax credit for Toyota and Lexus. That means the $7,500 tax credit buyers can claim for models like the BZ4X electric car and RAV4 Prime plug-in hybrid will drop to $3,750 on October 1.

2022 Chevrolet Bolt Electric

In a particularly rare move in the auto industry, especially in such a seller’s market, GM has issued a retroactive rebate for Chevy Bolt EV and EUV models purchased new in 2022. This includes a rebate of approximately $6,000 on the Bolt EV 2022 or EUV, an amount that corresponds to the discount granted to the programming for 2023.

On Thursday, Volkswagen officially opened its first EV battery cell “gigafactory”, one of six such factories in Europe, with the possibility of North American battery factories in the future.

Inauguration of the Volkswagen Salzgitter electric cell plant

Inauguration of the Volkswagen Salzgitter electric cell plant

BYD is back in first place in electric vehicle sales, some trade publications reported earlier this week; but that’s only true if you think of plug-in hybrids as electric vehicles. Apples to apples, Tesla is still on top, although Volkswagen remains in the overtaking lane.

Fisker has asked an additional $5,000 for reservation holders who want to secure one of 5,000 seats for the $68,999 Ocean One Launch Edition, with the first models in the line to be made from november. Amid some confusion over the additional funds, Fisker clarified to Green Car Reports that this is an actual down payment on the vehicle, although the $37,499 Ocean Sport to follow is not subject to the additional advance.

Fisker Ocean 2023

Fisker Ocean 2023

As part of its Power Day, Nio revealed that it has completed its 1,000th battery swap station and confirmed that 500kW DC fast chargers will soon be rolled out in China and Europe. It also has plans for a consumer brand that will use Nio’s own 800-volt batteries.

China’s GAC has unveiled a “super iron” LFP battery that offers a 20% increase in volume energy density over existing LFP cells. Could this help chemicals break into new products and markets?

Jaguar plans to completely revamp its lineup with a trio of electric luxury crossovers set to start arriving in 2025, according to a recent report citing industry intelligence. This is part of a change that will make the brand more exclusive and premium.

2022 Jaguar I-Pace

2022 Jaguar I-Pace

Toyota and Panasonic are the leaders in patents on solid-state batteries, Nikkei this week. Although we caution that the patent count does not indicate that they are closer to the technology going into production. On the contrary, it is a reminder that Toyota has been studying solid-state technology for a long time, since the 1990s.

In a new survey, consumer reports have seen a greater willingness of buyers to make their next vehicle an electric vehicle. Although about the same percentage of Americans were interested in electric vehicles as two years ago, 14% said they would “definitely buy or lease an electric vehicle in 2022, compared to just 4% in 2020.

2022 Ford F-150 Lightning

2022 Ford F-150 Lightning

A study by fleet telematics and analytics company Geotab looked at real world data from 91,000 fleet vehicles and found that 76% of trucks could be replaced by all-electric vans, while even given the initial cost typically higher today, 45% could go electric at a cost of ownership advantage.

Are the prices of electric vehicles so high that they are not sustainable for the market? Leaders across the industry have hinted that we will soon experience some sort of market correction, but one went further by saying that if EVs don’t get cheaper, ” the market will collapse”.

Tesla Model S electric car road trip, Route 66 Museum, Elk City, Oklahoma  [photo: David Noland]

Tesla Model S electric car road trip, Route 66 Museum, Elk City, Oklahoma [photo: David Noland]

And according to an analysis of millions of used car sales, the greatest growth in electrified vehicles has occurred in rural America, not urban and suburban coastal areas considered centers of early adoption.

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