article thumbnail

Borgward expanding to the Middle East; westwards from China

Green Car Congress

Borgward will systematically continue to globalize its activities by entering the markets of Middle Eastern countries such as Bahrain, Kuwait, Qatar, the United Arab Emirates (UAE), and Iran. In this region, we expect especially strong momentum to come from Iran. As announced, we will boost growth further and open up new markets.

article thumbnail

Volvo joins Tesla in halting EV production due to Red Sea attacks

Baua Electric

Volvo has joined Tesla in stopping its EV production in Europe due to the threat of violence from Iran-backed Houthi fighters attacking commercial ships traveling in the Red Sea. If you’re an electric vehicle owner, charge up your car at home with rooftop solar panels. FTC: We use income earning auto affiliate links.

Volvo 52
article thumbnail

Tesla shutting down Berlin factory for 2 weeks due to Red Sea shipping attacks

Baua Electric

Tesla cars being shipped to Europe Tesla will shut down its Berlin gigafactory for about two weeks, from January 29 to February 11, due to a lack of components as a result of a Red Sea blockade, according to Reuters. FTC: We use income earning auto affiliate links.

Yemen 52
article thumbnail

Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

These additional requirements are meant to encourage the auto industry to rely less on foreign countries like China and more on domestic sources for these components, promoting local manufacturing and supply chain security. In addition, battery sourcing requirements can also affect a vehicle’s eligibility. Bundle charging. One low payment.

article thumbnail

Which 2024 EVs qualify for the $7,500 EV tax credit?

Baua Electric

1, any vehicles with key battery components sourced from a “foreign entity of concern”—China, Russia, Iran, or North Korea— will be disqualified in 2024 , as will corporate subsidies if a “parent entity” from one of those countries directly holds more of 50% of the automaker’s interest. appeared first on Bauaelectric Auto News.

article thumbnail

Israel carves playground as automobile era powerhouse

Baua Electric

Even if it has made ease with some, it nonetheless faces blackmails from Gaza, Lebanon, Syria and Iran. ” The post Israel carves playground as automobile era powerhouse appeared first on Bauaelectric Auto News. All the way through a lot of its historical past, antagonistic neighbors have surrounded Israel.