PHEVs and oil demand, Porsche charging, point-of-sale tax credit: Today’s Car News


PHEVs and oil demand, Porsche charging, point-of-sale tax credit: Today’s Car News

Porsche adds thousands of chargers to its app. The point-of-sale EV tax credit is very popular. And are plug-in hybrids potentially adding to future oil demand? This and more, here at Green Car Reports. 

With the release of its annual EV sales outlook, Bloomberg New Energy Finance suggests that plug-in hybrids are a wild card for oil demand. With PHEVs making a comeback, and data suggesting they’ll only run 11-54% of their miles in electric mode, if PHEVs are bought instead of EVs, they’ll boost oil demand above current projections. And if they’re pushed into the market to satisfy regulators, will they be plugged in even that much?

Porsche has added thousands of ChargePoint EV chargers to its options for those driving its EVs and plug-in hybrids—meaning that the Porsche app now allows access to 75% of compatible U.S. chargers. The expansion, arriving just ahead of Porsche’s expansion of its EV lineup to include the Macan Electric as well as the Taycan, allows integrated payment through Porsche’s app. It includes Level 2 “destination” chargers as well as DC fast-charging connectors. 

And according to the U.S. Treasury Department, EV buyers in recent months are overwhelmingly opting to claim their federal EV tax credit when they buy the vehicle. On Wednesday it revealed that 90% of eligible EV buyers in 2024 have opted to claim the credit at the point of sale—and 80% of eligible used EV buyers are claiming it that way. 


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