As gas prices spike, drivers can get $7,500 tax credit on electric cars

The Russian invasion of Ukraine has caused concern about the supply of crude oil, and the price per barrel spiked across the globe. However, drivers across the country can take advantage of a federal tax credit of up to $7,500 for an electric or hybrid vehicle, according to the U. S. Department of Energy. Earlier this month, the Biden administration announced a massive plan to build 500,000 charging stations along highways across the country.

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Electric Vehicle Manufacturer Lucid Group Gearing Up for First International Plant in Saudi Arabia After Signing Agreements with Multiple Agencies

Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest range, fastest charging electric car on the market, today announced the signing of agreements with the Ministry of Investment of Saudi Arabia (“MISA”), the Saudi Industrial Development Fund (“SIDF”), and the Economic City at King Abdullah Economic City (“KAEC”), as it lays the groundwork for a full production factory in Saudi Arabia. The agreements are expected to accelerate Saudi Arabia’s strategic goal to transform and di

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