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Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Baua Electric

Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite. 1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles.

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How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

The United States federal government has made it even easier to buy a new or used electric vehicle (EV). The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024.

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Tesla’s cheapest Model 3 with the 2024 tax credit might surprise you

Teslarati

Treasury’s updated guidance on the federal electric vehicle (EV) tax credit has officially taken effect. The Tesla Model 3 Long Range (LR) and Rear-Wheel-Drive (RWD) configurations are no longer eligible for the $7,500 tax credit as of January 1. However, sightings of the Model 3 Highland in the U.S.

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Tax filers: If you’re claiming IRA tax credits, then you need this free tool

Baua Electric

Photo: Tesla If you bought an EV or made electric upgrades in 2023, then use this Rewiring America tool to confirm which Inflation Reduction Act (IRA) tax credits you qualify for. The IRA tax credits are new, so it’s good to have a tool to refer to during tax preparation. Tesla drivers, this pertains to you, too.)

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Fisker reveals production-intent version of Fisker Ocean at LA Auto Show

Green Car Congress

Fisker revealed its Fisker Ocean electric SUV at the Los Angeles Auto Show. The base Fisker Ocean Sport trim level is priced at $37,499, before federal and state tax credits. EPA Ranges for the all-wheel-drive, dual-motor Fisker Ocean Ultra and Fisker Ocean Extreme are estimated at 340 miles and 350-plus miles, respectively.

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Fisker scraps direct sales and turns to auto dealers for sales

Teslarati

The startup is now turning to auto dealerships for sales and services. In September 2023, Fisker shared that it ramped production of the all-electric Ocean crossover SUV to 300 units per day. He plans to attend the National Automobile Dealers Association convention and make a pitch to the auto dealers.

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Tesla is no longer just a luxury brand, says major auto outlet

Teslarati

While the cuts indicated an interesting shift to a more dynamic pricing strategy, the move to eventually produce an even cheaper electric vehicle (EV) is all according to CEO Elon Musk’s first “Master Plan.” While the Model 3 starts at $31,490 after the federal tax incentive in the U.S.,