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Biden Administration mulls over reprieve from EV tax credits for automakers

Teslarati

One of the biggest concerns about the IRA’s requirements for EV tax credit eligibly regards battery packs, cells, and the materials used to manufacture them. In March, the United States Department of Treasury published the battery sourcing guidance, which automakers must comply with to reap the tax credits from the IRA.

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Volkswagen ID.4 with SK ON battery components eligible for full $7,500 tax credit in 2024

Teslarati

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 units with batteries from SK On qualify for federal tax credits. 4 EV may choose to apply the tax credit as a down payment for the vehicle. The 2023 ID.4 Only VW ID.4

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Volkswagen of America CEO warns dealers against ID.Buzz price markups

Teslarati

Buzz will arrive in North America next year, and the German automaker wants to ensure its arrival runs smoothly. Volkswagen of America CEO Pablo Di Si warned dealers ID. The VW of America CEO revealed discussions with dealers about the ID. Di Si said he wants dealers to make money on the VW ID.

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This Volkswagen EV Now Comes with Full Tax Credit Benefits

The Truth About Cars

Photo credit: Volkswagen Volkswagen has recently announced that their MY23 and the upcoming MY24 models of the ID.4, 4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. that qualifies for the full Federal Tax credit. This development makes these models of the ID.4,

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Fisker scraps direct sales and turns to auto dealers for sales

Teslarati

We decided we would rather give that money to a dealer so that we could expand faster,” said Henrik Fisker, the CEO, President, and Chairman of the EV startup. The company also shared its intention to expand retail operations in North America and Europe. But they could share service and back-office functions with other brands.

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VW says ‘most’ 2023, 2024 ID.4s will get full $7,500 EV tax credit

Baua Electric

Photo: Volkswagen of America “Most” 2023 and 2024 VW ID.4s 4s will qualify for the full US EV tax credit in 2024 – here’s the lowdown on eligibility. 4s with US-manufactured SK On battery components placed in service in 2024 will be eligible for the full $7,500 federal tax credit. VW 2023 and 2024 ID.4s

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Hyundai says its first EV plant will open this year to gain the $7,500 tax credit

Baua Electric

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. The site “is advancing ever day,’” according to Oscar Kwon CEO of the Hyundai Motor Group Metaplant America (HMGMA). billion EV megaplant in Georgia in October 2022.