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Tesla Model 3 Highland leases qualify for IRA tax credit loophole

Teslarati

Tesla Model 3 Highland leases are more affordable thanks to a loophole in the Inflation Reduction Act about commercial vehicles. Tesla calculated that Model 3 Highland lease payments would be $329 monthly, excluding taxes and fees. Tesla Model 3 Highland is now available in the United States , Canada, Mexico and Puerto Rico.

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Second Tesla center in New Mexico to open on Santa Ana Pueblo

Teslarati

In September 2021, Tesla opened its first center on Native American tribal land in New Mexico. By building on tribal land, Tesla effectively sidestepped a New Mexico law prohibiting the company from directly selling EVs and operating a service center in the state. Senator Martin Heinrich (D-N.M.)

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Fisker releases details on $29,900 Pear production in the US

Teslarati

The Fisker Pear will be produced in the United States and would likely benefit from the country’s EV tax incentives from the Inflation Reduction Act. We created this vehicle with the idea that young people living in the world’s big cities need innovative, versatile, and affordable mobility,” said Chairman and CEO Henrik Fisker.

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Another One Bites the Dust: Kia Killing the Rio After 2023

The Truth About Cars

Mitsubishi recently announced that it would discontinue the Mirage, removing one of America’s few remaining affordable new cars. The automaker’s factory in Monterrey, Mexico, builds the Rio, and the company is expected to retool the facility for EV production. Though disappointing, the move isn’t a surprise.

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After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

or Mexico, along with a GM license agreement for CATL’s LFP battery tech. ” 2024 GMC Sierra EV Denali Edition 1 Ford announced its joint-venture battery plant with CATL in February of last year, touting it a key to EV affordability. GM already works closely with CATL, but that relationship is limited to the China market.

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2023 was a tremendous year for both EVs and Plug In America!

Plug in America

Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. New federal EV tax credits were expanded and updated, and credits for used and commercial EVs became available for the first time in January. New Mexico adopted the Advanced Clean Cars II standard (ACC II).

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GM in talks with CATL to license cheaper LFP EV battery tech and joint North American plant

Baua Electric

Details are scarce, but the plant will likely be in the US or Mexico. Both automakers look to sidestep federal regulations requiring EV batteries to be produced in North America to qualify for a tax credit. The plans also reportedly include building a joint North American factory to make the batteries. Ford announced a $3.5

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