Federal EV Tax Credits Revived on Capitol Hill
August 1, 2022 - Democrats and the Biden administration revived parts of the old Build Back Better agenda, specifically EV tax credits, in the Inflation Reduction Act, dubbed the IRA.
The bill removes the caps on the numbers of vehicles. Companies such as Tesla and General Motors had reached the previously 200,000-unit limit and Ford and Toyota are close to doing so as well. The $7,500 credit for a new EV is only available to individual buyers with an income of less than $150,000 or family income of less than $300,000. Customers with larger incomes would not be eligible for the credit.
Used battery-electric vehicles would be eligible for $4,000 tax credits, helping foster a market for used EVs. The tax credits are limited to individuals with incomes of less than $75,000 or family income of $150,000 for those filing joint returns.
RTA Earns 2022 Great Place to Work Certification™
RTA: The Fleet Success Company is proud to be Certified™ by Great Place to Work®.
The prestigious award is based entirely on what current employees say about their experience working at RTA.
This year, 100% of employees said it’s a great place to work – 43 points higher than the average U.S. company.
How the World’s Biggest Four-Day Workweek Trial Run Changed People’s Lives
August 1, 2022 - For the past eight weeks, thousands of people in the United Kingdom have tested a four-day schedule - with no cut to their pay - that could help usher in a new era of work. Already, some workers have said they feel happier, healthier and are doing better in their jobs.
The extra day has made space for many workers to take up new hobbies, fulfill longstanding ambitions, or simply invest more time in their relationships. Workers on the trial have taken up cooking classes, piano lessons, volunteering, fishing and roller-skating, their bosses told CNN Business.
Researchers will measure the impact the new working pattern will have on productivity levels, gender equality, the environment as well as worker well-being. At the end of November, companies can decide whether or not to stick with the new schedule.
EV Buyers Want Tech, Green Benefits an Afterthought
August 1, 2022 - Earlier studies found a direct link between the desire to help the planet and the purchase of a battery-electric vehicle. But that has begun to shift as the technology grows beyond an early niche to start moving into the mainstream.
Other studies have cited a variety of additional reasons why motorists say they’re buying EVs, including design, roomier interiors — and, in some communities, as a way to foster an image of being hip and cool.
“The idea of luxury being defined by what’s ‘under the hood’ has been replaced in the electric era with the prioritization of seamless connectivity, integration into existing digital ecosystems, and good UX design,” said Gregor Hembrough, head of Polestar North America. “People are switching to electric cars for more than just environmental reasons.”
First Half of 2022 Presents More Challenges, Second Half Still Murky
By Bill Bishop, Senior Vice President of Sales and Marketing, FLD Remarketing
Fleet not only learned to survive the constant stream of never-ending challenges, but it also found ways to thrive despite them.
And while the industry appears to be a ways from returning to the carefree days before the pandemic, it appears the worst may very well be behind us. While that’s hardly a promise that things can’t take a step back, several indicators lead us to believe that won’t be the case.
In all likelihood, used wholesale prices will stay flat to slightly higher through the rest of 2022, and that they’ve already fallen as far as they will.
