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.
Green Car Congress
APRIL 8, 2009
Kentucky has an experienced auto industry-related workforce, and the region is within 500 miles of more than 4,800 auto-related vehicle manufacturers, including 69 vehicle assembly plants, noted Larry Hayes, Kentucky Governor Steve Beshear’s Cabinet Secretary.
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.
Green Car Congress
SEPTEMBER 27, 2011
Value of life cycle air emissions and oil displacement benefits compared to federal tax credit for plug-in vehicles. US policy has been pushing the auto industry to investigate alternatives to fossil fuels; the American Recovery and Reinvestment Act of 2009 provides up to $7,500 in tax credits for up to 200,000 plug-in vehicles.
Green Car Congress
FEBRUARY 3, 2009
Establish a public charging infrastructure plan; Establish a local/state incentives plan; Establish a marketing and educational outreach plan. State Government. Last month at the North American International Auto Show in Detroit, GM announced it will manufacture the Volt battery packs in the United States.
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.”
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