Auto Industry News Tax Credit United States 
Teslarati
MAY 31, 2023
LG Energy Solutions (LGES) and Hyundai teamed up to build a battery cell manufacturing plant in the United States. The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit. Each company holds a 50% stake in the joint venture for the U.S.-based
Teslarati
AUGUST 9, 2021
In contrast to “good deflation,” ARK also identified an example of “bad deflation” in the auto industry, specifically in the used car market. Some countries, including the United States and Canada, are already considering tax credits and rebates for second-hand EVs.
Baua Electric
MAY 15, 2023
billion from LGES and secret contributions from federal and provincial governments, as the biggest ever within the Canadian auto sector. billion in production tax credit via 2032, pace Europe’s biggest carmaker is making an investment as much as $7 billion to form the plant St. Thomas, Ont., Thomas, Ontario.
Teslarati
JANUARY 8, 2024
During CES 2024, Panasonic Energy of North America’s president Allan Swan said the Japanese company is still planning to build a third electric vehicle (EV) battery plant in the United States. Swan mentioned that Panasonic was considering a facility in the United States because it was “more incentivized in America than in Canada.”
Green Car Congress
FEBRUARY 4, 2011
A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the auto industry, federal government, the scientific community, and consumers—to be realized.
Teslarati
AUGUST 24, 2022
CN seems to be hyper-focused on developing its green supply chain and catering to the auto industry. We are working fast for our workers and the auto industry. For instance, South Korean battery suppliers have also started preparing to move production to the United States. The 2022 Inflation Reduction Act.
Tony Karrer Delicious EVdriven
APRIL 21, 2009
’s expertise on the auto industry in general, we are concerned that in its understanding of future pathways, it offers a flawed analysis and predictions based on business-as-usual,&# notes a posting on the California Car Initiative’s Web site. Got a hot tip on breaking green news, or a suggestion for areas of coverage?
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