Baua Electric

MARCH 6, 2024

Nissan and the IRS announced today that the Leaf has regained eligibility for the federal tax credit for electric vehicles. With now $3,750 in tax credit, the Leaf can start at just $24,400 – making it one of the cheapest EVs in the US. FTC: We use income earning auto affiliate links.

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Teslarati

MARCH 28, 2024

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. By producing the EV9 in Georgia, the all-electric SUV could qualify for a partial EV tax credit. The vehicle is equipped with a 99.8

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Baua Electric

JANUARY 31, 2024

This year, Tesla’s cheapest cars, the Model 3 compact sedan, lost tax credits for the purchase of EVs under the Inflation Reduction Act. Tesla is expanding its battery facility in Sparks, Nevada to bring the supply chain for cheaper lithium iron phosphate batteries (LFP) to the United States, Bloomberg News reported on Wednesday.

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Baua Electric

MARCH 8, 2024

With drastically lower starting prices, the Blazer EV now starts at just over $50,000 and qualifies for the full $7,500 federal tax credit. Scott Bell, VP of Chevy Global, told Automotive News , “We are aware that a limited number of Blazer EV owners have experienced several software quality issues.”

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Baua Electric

MARCH 7, 2024

The 2024 Honda Prologue, the brand’s first all-electric SUV, qualifies for the full $7,500 EV tax credit. With the added credit, the Honda Prologue hits the “sweet spot,” with starting prices under $40,000. Honda announced the 2024 Prologue is eligible for the full $7,500 EV tax credit.

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Baua Electric

MARCH 19, 2024

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. Get started here. –ad*

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Baua Electric

JANUARY 25, 2024

4 electric crossovers on sale now are eligible for the full $7,500 federal EV tax credit, VW confirmed Wednesday in a press release. VW notes in the release that it’s the first foreign automaker to qualify under tightened rules relating to battery supply that took effect at the start of the year. 2024 Volkswagen ID.4

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Baua Electric

JANUARY 26, 2024

Subaru mistakenly said some 2024 Solterra owners will qualify for the $7,500 EV tax credit. Subaru “owners” are not eligible for $7,500 EV tax credit Subaru introduced the 2024 Solterra electric SUV yesterday with new upgrades, including faster charging and more. FTC: We use income earning auto affiliate links.

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Baua Electric

JANUARY 24, 2024

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. AWD cars and 62 kWh Standard and S trims have SK-supplied batteries.

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Baua Electric

MARCH 28, 2024

Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year. Kia America’s head of corporate communications, James Bell, told Nikkei that moving EV9 production to its West Point, GA plant will enable it to qualify for a part of the EV tax credit. FTC: We use income earning auto affiliate links.

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Baua Electric

MAY 7, 2024

EV battery production for BMW is setting up south of the border. BMW has started building a battery plant in Mexico that will provide more energy-dense cylindrical cells for longer range and faster charging in next-generation Neue Klasse EVs. Ram aims to scale up its hydrogen fuel-cell muscle. This and more, here at Green Car Reports.

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Baua Electric

FEBRUARY 9, 2024

The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October. According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. Munoz said EVs produced at the new plant will qualify for the tax credit.

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Baua Electric

JANUARY 3, 2024

GM is offering a $7,500 incentive for EVs that lost eligibility for the EV tax credit. GM to give $7,500 incentive for non-qualifying EVs Two weeks ago, GM said the new Chevy Blazer EV and Cadillac Lyriq would lose eligibility for the US EV tax credit at the beginning of 2024.

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EV Life

JUNE 29, 2023

Great news for drivers looking to purchase an electric vehicle in Colorado! But the most exciting part of the new bill for many Colorado residents is the expansion of an additional Colorado Electric Vehicle Tax Credit for qualified drivers looking to purchase electric vehicles. What Are Electric Vehicle Incentives?

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Baua Electric

JANUARY 3, 2024

You can score a 2023 Chevy Bolt EV for under $20,000 with new IRS rules allowing you to use the tax credit as a down payment. You can buy a Chevy Bolt EV for under $20,000 Rather than waiting until next year’s tax return, you can now use the EV tax credit at the point of sale. But you may want to act fast.

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EV Life

JANUARY 11, 2024

Colorado is one of the newest states looking to accelerate widespread EV adoption through aggressive financial incentives, introducing an electric vehicle tax credit for its residents in 2023. This is great news for Tesla fans, as many Tesla models qualify for the credit. So act fast for maximum savings!

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Baua Electric

JANUARY 17, 2024

And Tesla buyers can now get the $7,500 EV tax credit up front—if they qualify. Tesla has started applying the EV tax credit at the time of purchase —via its own website and affecting the up-front amount buyers will need to pay when buying a new Tesla. Toyota pushes back about the viability of affordable EVs.

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Baua Electric

MAY 9, 2024

South Korea on Wednesday welcomed a US decision to extend automakers’ eligibility for electric vehicle tax credits for cars containing Chinese graphite through 2026. The ministry said South Korean battery makers, including LG Energy Solution, Samsung SDI and SK On that attended the meeting, welcomed the reprieve.

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Baua Electric

MAY 3, 2023

. “There’s been a bit of a pause in the industry for some brands on electric vehicle sales as everyone sorted out the tax implications of the Inflation Reduction Act,” Watson defined. On account of the tax credit score adjustments, Kia expects leasing as a proportion of its EV trade to extend from 15 p.c

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Baua Electric

MARCH 9, 2024

The Blazer price cuts and restored tax credit bring the effective price for qualified buyers down to USD 42,695 from the original USD 56,715 for the lowest-priced model. USD 7,500 EV tax credit after new battery sourcing rules from the U.S. automaker to halt deliveries in late December. Treasury on Jan.

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Baua Electric

APRIL 28, 2024

SK Innovation Co Ltd said on Monday its SK On battery-making unit is on target to breakeven in the second half of this year after it posted a forecast-beating operating profit in the first quarter, sending its shares up over 6.0%. billion won in the previous quarter due to fewer EV battery shipments. rise as of 0336 GMT.

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Baua Electric

JUNE 12, 2023

“My comment is simple: Follow the law,” he wrote in an 11-page letter to Treasury, explaining that the tax credit score’s objective is “no longer to promote the purchase and use of [EVs] … but to promote reliable domestic supply chains for the critical minerals and battery components” had to energy them.

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Baua Electric

JANUARY 19, 2024

General Motors’ Cadillac is ramping up production of its Lyriq compact, electric sport utility vehicle now that more batteries are available and demand for luxury EVs remain strong despite a slowdown for other types of EVs, a senior executive said on Thursday. government tax credit this month as new sourcing guidelines kicked in.

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Baua Electric

MARCH 5, 2024

Price cuts of $3,600 for the base Engage version with the smaller 63-kwh battery pack and $6,000 for the longer-range versions with the 87-kwh pack tuck base versions close to the $40,000 mark, without the help of any EV tax credit. And Ford has given its 2024 E-Transit electric van lineup more range. Privacy Policy.

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The Truth About Cars

FEBRUARY 1, 2024

A recent survey, conducted by Automotive News , has indicated that automotive dealerships are still broadly dissatisfied with the Biden administration’s strategy to force the United States to pivot toward all-electric vehicles. Roughly 55 percent also agreed that having EVs on the lot were actually generating negative interest in the lineup.

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Baua Electric

APRIL 25, 2024

The plans for a new Honda EV plant and stand-alone EV battery factory in Alliston, Ontario. Once fully operational, the EV facility will be able to produce 240,000 EVs a year, while its battery plant will have capacity of 36 GWh per year. The project will include four new manufacturing plants in Ontario.

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Baua Electric

JANUARY 15, 2024

In January 2023, the government unveiled a plan to offer large tax breaks to semiconductor companies investing at home, which are set to end this year. South Korean President Yoon Suk Yeol said on Monday that he would extend tax credits on investments in the domestic semiconductor industry to boost employment and attract more talent.

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Baua Electric

FEBRUARY 1, 2024

A new report states that Tesla is going to build a small new LFP battery cell factory with CATL machines in Nevada. According to a new report from Bloomberg report, Tesla plans to build a “small facility” using “idle equipment” from CATL. FTC: We use income earning auto affiliate links. I just recommend caution.

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Baua Electric

JANUARY 1, 2024

Over the last few months, Tesla has released a bunch of new statements about changes to the eligibility of its electric vehicles to the federal tax credit in 2024. We are still calling it a “tax credit”, but it is effectively a point-of-sale incentive starting today. FTC: We use income earning auto affiliate links.

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Baua Electric

APRIL 1, 2024

battery-supply deal with China’s CATL, Car News China reports. The deal reportedly being discussed would bring that partnership to North America in the form of a joint battery plant located in either the U.S. or Mexico, along with a GM license agreement for CATL’s LFP battery tech. car manufacturing.”

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Baua Electric

JANUARY 22, 2024

Connecticut’s home battery storage program, Energy Storage Solutions , just doubled its upfront incentive to help homeowners invest in backup power – here’s how it works. ad* FTC: We use income earning auto affiliate links. Get started here. –

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Baua Electric

FEBRUARY 2, 2024

Photo: Tesla The UK slashed value-added tax (VAT) to zero for folks installing battery storage in their homes from February 1, 2024. UK battery storage cost drops 20% This is a big deal because VAT is 20% in the UK, so this makes battery storage much more wallet-friendly. Get started here. –

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Teslarati

JANUARY 7, 2024

Japanese automaker Honda is considering locations to build an electric vehicle (EV) factory in Canada featuring the use of in-house battery cells. The automaker is looking at multiple potential locations in the North American country, including a site in Ontario that’s near a currently existing auto plant.

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Baua Electric

FEBRUARY 8, 2024

Rivian on Thursday revealed long-awaited Standard and Standard+ versions of its R1T pickup and R1S SUV—essentially ready to be delivered now, with what appears to be a $3,100 price drop, and likely qualifying for the same EV tax credit as other versions.

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Baua Electric

OCTOBER 16, 2023

• EV tax credit score transfers • Ford battery mission hikes wages • Migrant catastrophe affects trade • LinkedIn Are living: UAW moves • Toyota, NFL partnership The post First Shift: Procedure unveiled on EV credit score transfers for sellers appeared first on Bauaelectric Auto News.

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Baua Electric

MARCH 15, 2024

Photo: Salt River Project Arizona’s largest battery storage system is now online and, along with solar and wind, will help power a new Google data center – here’s why that matters. The $600 million solar + battery storage project sits on 3,000 acres south of Buckeye. million in tax revenue over 35 years.

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Baua Electric

MARCH 28, 2024

General Motors (GM) is reportedly in talks with battery giant CATL to license its cheaper LFP battery tech. The plans could include a new joint North American plant to produce the new batteries. GM is ramping up production of its Ultium-based models after it “turned the corner” at its battery factory in Detroit.

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