The Truth About Cars

APRIL 18, 2024

Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers. government believes that they should not be able to enter North America without paying tariffs. Mexico is no stranger to Chinese auto companies, as there are around 20 already selling vehicles in the country.

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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

MAY 9, 2024

To a question about Chinese component makers’ aggression and attempts to install more capacities outside China, Sona Comstar MD and Group CEO Vivek Vikram Singh recently said, “I would think North America and India would continue to have local or global competitors, non-China OEMs.

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Green Car Congress

JANUARY 5, 2022

The Lightning is drawing interest from customers of competitor brands at a record rate in North America, with more than 75% of reservation holders new to the Ford brand. Production of the 2022 F-150 Lightning pickup will begin this spring at a starting MSRP of $39,9741 before potential federal tax incentives. Earlier post.).

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Baua Electric

APRIL 28, 2024

. “While we saw drops in EV battery shipment in the first quarter caused by customers’ battery inventory adjustment, we expect to see improved market environment backed by launches of new EVs in North America,” SK On Chief Financial Officer Kim Kyunghoon said in a post-earnings conference call.

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Baua Electric

JANUARY 1, 2024

The launch of the Tesla Model 3 refresh in North America might finally be close as we learn that the automaker is sneakily testing Fremont-built Model 3 HIghland in the US. But the updated vehicle has yet to make it to North America almost six months later. FTC: We use income earning auto affiliate links.

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Baua Electric

JANUARY 17, 2024

Governments in North America and Europe are seriously concerned about China’s growing dominance of the EV industry. However, the world’s #2 and #3 auto markets differ in terms of their response to the threat from #1. The US currently imposes a 27.5

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Baua Electric

FEBRUARY 28, 2024

REE has initiated customer deliveries of the first batch of P7-C demonstration trucks for multiple fleet evaluations in North America via its dealer network. The P7-C qualifies for the IRS Commercial Clean Vehicle Tax Credit , which offers a tax credit of up to $40,000 per vehicle.

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Baua Electric

APRIL 25, 2024

China’s recent export limits on natural and synthetic graphite and its products and US guidance on the definition of foreign businesses of concern that affect eligibility for the Section 30D tax credit for new EVs highlight the importance of building a supply chain in North America, the company said.

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EV Life

MAY 19, 2023

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. What are the New Changes to the Federal Tax Credit?

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Baua Electric

MARCH 22, 2024

Photo: Enel North America Power-hungry Texas needs solar and battery storage to help meet demand and balance the grid, so its largest utility-scale storage operator is delivering. Enel North America has started constructing the Ables Springs Solar + Storage Project in Kaufman County, near Dallas. Get started here. –ad*

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Baua Electric

FEBRUARY 1, 2024

Now, it’s making its way to North America, especially due to the protectionist regulations around the $7,500 federal tax credit for electric vehicles, which requires batteries to be made in North America. FTC: We use income earning auto affiliate links.

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Green Car Congress

SEPTEMBER 15, 2022

At the 2022 Detroit Auto Show, Jepp introduced the new heritage-inspired 2023 Jeep Wrangler Willys 4xe to Wrangler 4xe electrified lineup. 1 4WD low range ratio, heavy-duty Dana 44 axles and a new entry price point to the 2023 model year Wrangler 4xe lineup, which continues to be the best-selling plug-in hybrid in America.

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Electric Auto Association

SEPTEMBER 9, 2022

The Inflation Reduction Act (IRA) is a massive climate, health care, and tax bill with the overarching goal of slowing the rise in consumer prices that have been climbing at the fastest pace in approximately 40 years. has a free trade agreement, or with materials recycled in North America. history affects EV policy.

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Baua Electric

JANUARY 16, 2024

EV sales growth in North America is expected to slow to about 27% this year from a scorching 72% in 2023, according to market research firm Canalys. After pledging billions of dollars for their EV ambitions in recent years, legacy automakers have pulled back their production plans as demand slows. The value of used EVs has dropped 33.7%

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Baua Electric

FEBRUARY 8, 2024

We’re going to see nickel demand double or triple over the next 10 years as we gear up battery production here in North America,” Mark Selby, chief executive of Canada Nickel, told CBC News in an interview. FTC: We use income earning auto affiliate links. Get started today!

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Baua Electric

JANUARY 8, 2024

According to Japan’s Nikkei , the Japanese automaker is looking at several sites in Canada, including one near its auto factory in Alliston, Ontario. If all goes according to plan, Honda will produce in-house batteries at the plant, which would be the company’s second EV plant in North America.

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Baua Electric

MARCH 28, 2024

According to Barra, it will be the first Ultium EV in North America to feature LFP batteries. Both automakers look to sidestep federal regulations requiring EV batteries to be produced in North America to qualify for a tax credit. FTC: We use income earning auto affiliate links.

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EV Life

OCTOBER 21, 2023

The most significant incentive, outlined in the Inflation Reduction Act of 2022 , comes in the form of a $7,500 tax credit for eligible drivers and vehicles. Two sections of the law, 30D and 45W, detail individual tax credits and commercial tax credits, respectively. However, there’s a catch. Now, you might be thinking, so what?

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Baua Electric

JANUARY 25, 2024

The company saw solid sales growth across key markets, including North America, Europe, and India. Meanwhile, Hyundai said it expects the global auto market to continue growing in the future as the shift to electric heats up. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit.

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Baua Electric

APRIL 1, 2024

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. The post After chiding Ford for US CATL battery plan, GM may be seeking its own appeared first on Bauaelectric Auto News. General Motors is negotiating a U.S.

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Teslarati

MAY 31, 2023

billion The parties agreed to produce EV batteries so Hyundai could accelerate its electrification efforts in North America. The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit.

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Green Car Congress

JANUARY 5, 2012

In polling 200 C-level executives in the global automotive industry for the 2012 automotive survey, KPMG found that executives in the US and Western Europe expect even less consumer adoption, projecting e-vehicles will only account for 6-10% of global annual auto sales. —Gary Silberg.

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Green Car Congress

APRIL 12, 2013

The new engine will be first introduced in China in the all-new Ford Mondeo, making its public debut later this month at Auto Shanghai 2013 ( earlier post ), with applications following in the Fusion sedan in North America this year, and later the new Mondeo in Europe. Ford Motor Company officially launched the new 1.5-liter

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Baua Electric

MARCH 12, 2024

One of the biggest upgrades is the addition of Hyundai’s Connected Car Navigation Cockpit, including Wireless CarPlay and Android Auto. 2025 Hyundai IONIQ 5 N (Source: Hyundai) Hyundai to add rugged IONIQ 5 XRT trim Now, we are learning Hyundai is reportedly planning to launch a rugged XRT variant in North America.

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Baua Electric

JANUARY 31, 2024

EA is the largest open DC fast-charging network, with over 900 stations and more than 4,000 chargers in North America. Manufactured in Chattanooga, Tennessee, It qualifies for the $7,500 Inflation Reduction Act tax credit. ad* FTC: We use income earning auto affiliate links. 4s appeared first on Bauaelectric Auto News.

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Teslarati

OCTOBER 24, 2023

General Motors (GM) and Stellantis have announced plans to furlough hundreds more workers, just after the United Auto Workers (UAW) expanded strikes against both automakers this week. According to a report from Reuters , Stellantis will temporarily lay off 525 more workers in Michigan, while GM will furlough 139 employees in Ohio.

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Teslarati

DECEMBER 23, 2022

Volkswagen is likely looking to introduce the hotly anticipated ID.Buzz as soon as possible, mainly due to the incredible demand the vehicle has garnered in North America and Europe. Luckily, the German auto giant is closer than ever to introduction. An effort that is likely distracting them from introducing new product lines.

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Green Car Congress

FEBRUARY 3, 2015

million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. North America. North America continues to be an impetus to global light vehicle demand levels. in 2014 as a result of industrial overcapacity and weakness in the real estate sector.

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Baua Electric

MAY 10, 2023

Corporate CEO Linda Hasenfratz stated the state of the art plant is “critical” for the occasion of electrified automobiles. “As the first supplier to invest in this equipment in North America, Linamar will naturally take a market leadership position in this technology.” million, up 40.9 in line with centover the $210.8

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Baua Electric

MARCH 18, 2024

Canoo sources over 90% of its parts in the US and free trade partners, with about 70% from North America. With that, Canoo customers are eligible for a tax credit of up to $7,500. FTC: We use income earning auto affiliate links.

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Green Car Congress

JANUARY 27, 2010

Pataki suggested some approaches: Autos. Incentivize auto manufacturers, for example, by exempting the profits resulting from the sale of the first 10 million vehicles that deliver more than 75 mpg from any corporate taxes. ” Pataki suggested converting the tax credit to a rebate, for three years or for five.

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Baua Electric

JULY 5, 2023

MORE SUBSIDIES NextStar sought after extra executive aid then the US introduced in August 2022 pristine manufacturing tax credit for EV battery makers as a part of the IRA. regulation, battery makers get a tax credit score of U.S. $35 Below phrases of that U.S. Via 2033, they are going to be eradicated. Thomas, Ont.

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Building Tax Credit Batteries Battery 52

Green Car Congress

JULY 31, 2011

The AlixPartners 2011 Automotive Outlook finds that while automakers and suppliers have seen profits bounce back—North American original equipment manufacturers (OEMs) posted $12.5 and North American suppliers pulled in $8.2 Specifically, the firm estimates US auto sales will reach just 12.7 billion on a net margin of 4.3%—things

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Green Car Congress

JUNE 8, 2011

Mitsubishi Motors North America, Inc., Mitsubishi Motors has selected Hawaii to be among the first states to receive the North American-spec production version of the Japanese auto manufacturer’s i-MiEV.

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Baua Electric

MARCH 1, 2024

Fisker previously relayed that over 250 dealer partners in North America have expressed interest, but only 13 have actually signed agreements. Fisker also stated the potential deal could include North American manufacturing, teeing up the potential for Federal tax credits for consumers.

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Green Car Congress

AUGUST 7, 2013

In addition to the ongoing strength in the European market and India (the second-largest diesel market after Europe, Bosch sees potential strength in North America and China. Purchasers of SUVs, who represent one of the fastest-growing segments of the auto market, almost always opt for a diesel engine.

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