The Truth About Cars

OCTOBER 20, 2023

The new Gravity will be unveiled at this year’s LA Auto Show in mid-November and will enter production late next year. The Air is too expensive to qualify for government tax credits, and other automakers are closing in on its performance and range, sometimes at lower price points.

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Teslarati

AUGUST 25, 2023

As per a recent report, India is reportedly considering a policy that would reduce import taxes for automakers that are willing to produce some of their vehicles in the country. Tesla’s Model Y crossover, its best-selling vehicle, starts at $47,740 in the United States before tax credits.

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Teslarati

JANUARY 18, 2022

Orion Township approved General Motors’ (GM) request for a tax rebate on its proposed $1.3 GM plans to introduce 30 new electric vehicles to the global auto market by 2025, and the Orion Assembly Plant will play a key role in its goal. billion tax rebate to ramp EV production appeared first on TESLARATI.

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Baua Electric

FEBRUARY 7, 2024

Gujarat Fluorochemicals arm GFCL EV Products on Wednesday announced an investment of INR 6,000 crore for increasing production capacity of electric vehicle battery materials in the next 4-5 years. On the project front, the commercial production has begun at its plant for LiPF6 Project, the company said.

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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. As noted in a Nikkei Asia report, Kia is poised to start the production of the EV9 in the United States by May 2024.

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Baua Electric

MAY 23, 2024

This growth extends across all product segments, encompassing both established lines such as lighting, switches, and alloy wheels, as well as emerging areas like EV technology, controllers, and sensors, the company said in a media release. Profit before tax for Q4 FY24 is at INR 302 cr as against INR 209 cr in Q4 FY23.

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Teslarati

JULY 1, 2022

A plan to tax lithium, which is widely used in the production of electric vehicle batteries, has been approved in California as part of the state’s efforts to generate revenue for environmental remediation projects. The California lithium tax was approved by Governor Gavin Newsom as part of a must-pass state budget on Thursday.

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Baua Electric

APRIL 22, 2024

Both are eligible for the $7,500 EV tax credit, cutting the effective price for many households to just $37,130 and $42,130 respectively. The Model 3 also doesn’t qualify for the EV tax credit. In addition, the base Model Y RWD now undercuts the base Model 3 by $5,000 for the tax-credit-eligible. at Fremont. 2024 Tesla Model Y.

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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. 2024 Honda Prologue eligible for full $7,500 EV tax credit After kicking off production last month, Honda’s first fully electric SUV will begin hitting dealerships any day. FTC: We use income earning auto affiliate links.

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Baua Electric

APRIL 8, 2024

Over the last few weeks, Ola has rolled out the subscription model for its auto-rickshaw drivers in some top markets including Delhi-NCR, Mumbai, Bengaluru and Hyderabad, while Uber has launched the same in six cities starting with Chennai, Kochi and Visakhapatnam, a person aware of the matter said.

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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. Barra said 2024 is the “year of execution” as GM looks to get back on track with EV production. The electric SUV also regained the full $7,500 EV tax credit after adjusting its battery supplier.

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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. Subaru product relations manager Todd W.

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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. 4 will retain the tax credit for the entirety of the 2024 calendar year. 4 models are still being sold, with a base price of $40,290, including destination, before the tax credit. Leftover 2023 ID.4

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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. However, no other specifics were mentioned.

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Baua Electric

MAY 1, 2024

Exide’s standalone profit after tax rose 36.6% Indian battery-maker Exide Industries beat fourth-quarter profit expectations on Tuesday, helped by higher demand in its automotive and industrial products segments. Exide’s standalone profit after tax rose 36.6% from a year ago to 2.84 bn rupees as per LSEG data.

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EV Life

JUNE 29, 2023

The bill puts forth several measures aimed at advancing decarbonization in the state, including tax credits for industrial facilities to implement emission-reducing improvements, new spending for geothermal energy projects and geothermal electricity generation, the construction of sustainable aviation fuel production facilities, and more.

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Baua Electric

FEBRUARY 9, 2024

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. With a $7,500 tax credit on the line, Hyundai has pulled the timeline forward as quickly as possible. Munoz said EVs produced at the new plant will qualify for the tax credit.

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Teslarati

AUGUST 3, 2021

This morning, it was reported that India-based auto suppliers and car part makers want Tesla’s entrance to benefit local suppliers. In July, CEO Elon Musk indicated that Tesla’s potential in India must be measured through importing vehicles before committing to building a massive production facility in the country.

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Baua Electric

MAY 21, 2024

Balkrishna Industries, one of the leading manufacturers of off-highway tyres (OHT) under the brand name Balkrishna Tyres (BKT), is all set to start production of its 30,000 MTPA (metric tonne per annum) of advanced carbon black capacity at Bhuj, Gujarat, in the first half of the ongoing fiscal year, as per a senior company official.

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Baua Electric

FEBRUARY 7, 2024

With the global push towards sustainability, the rise of electric autos in India comes as no surprise. The Indian government has introduced various incentives and initiatives, such as subsidies and tax benefits, to promote the adoption of electric autos.

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Baua Electric

APRIL 25, 2024

The 11,250-ton-per-year AAM Vidalia operation in Louisiana is supported by high EV-driven demand internationally, the need for independent natural graphite AAM critical mineral supply, and industry concerns about the emissions intensity of production and provenance of supply.

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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. FTC: We use income earning auto affiliate links.

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Teslarati

MAY 15, 2024

The Biden Administration is considering penalties for Chinese electric vehicle (EV) automakers who are moving production to Mexico. The tariffs are estimated to affect $18 billion products from China including steel, aluminum, computer chips, and solar cells. I will do it by following international trade laws,” Biden said.

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Baua Electric

MAY 23, 2024

The company says the new infusion of cash will allow it to fund operations over the next 13 months, including putting Bollinger’s B4 electric truck into production. Mullen’s THREE and ONE commercial delivery vehicles are in production and available for delivery now. The Bollinger B4 is a cabover-style chassis with a 15,500 lb GVWR.

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Baua Electric

MAY 15, 2024

Matel’s integrated product approach, combining controllers and motors, unlock significant efficiencies, aligning perfectly with our investment strategy,” said Raiyaan Shingati, cofounder and managing partner at Transition VC. “A The firm currently focuses on three-wheeler EVs, but also has products for two-wheeler and four-wheeler EVs.

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Baua Electric

FEBRUARY 5, 2024

Ramp up of production in new manufacturing facility at Karoli, Rajasthan is in progress, The company rrecorded the turnaround of ASK FRAS-LE joint venture business, in which ASK share is 49%. This includes one-time deferred tax gain of INR 715 lakh accounted for in Q3 FY24.

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Green Car Congress

JANUARY 5, 2022

Ford Motor Company plans to raise production of the F-150 Lightning pickup at the Rouge Electric Vehicle Center in Dearborn to 150,000 trucks per year to meet high demand, Beginning Thursday, the first group of reservation holders will be invited to place their orders for the F-150 Lightning.

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The Truth About Cars

JUNE 3, 2024

Unfortunately, this has left many with product lineups overloaded with models loads of households can no longer afford. Interestingly, making vehicles more fuel efficient also gradually lowers the amount of fuel taxes collected due to the fact that drivers would be spending less money at the pump.

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Baua Electric

MAY 20, 2024

This includes a one-time deferred tax gain of INR 3.51 This includes a one-time deferred tax gain of INR 3.51 All the three product segments performed well on delivering revenue growth in FY24. cr – ET Auto appeared first on Bauaelectric Auto News. PAT was at INR 47.76 crore with 112% YoY growth.

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Baua Electric

APRIL 23, 2024

RCRSIL’s Noida facility boasts advanced laboratories and testing equipment, with the company holding over 20 certifications for its products. crore and a profit after tax of INR 5.71 For the nine months ending December 31, 2023, RCRSIL reported revenues of INR 78.68 crore and a profit of INR 1.35

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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. Panasonic partnered with Tesla on Gigafactory in Nevada with investments in the production equipment, which the Japanese supplier uses to manufacture and supply the EV maker with cells.

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Baua Electric

FEBRUARY 6, 2024

Its profit after tax was at INR 227 crore Notably, the net debt at INR.3,456 Raghupati Singhania , the Chairman and Managing Director (CMD), said, “At JK Tyre, we remain committed to achieving profitable growth centered on product premiumization, volume expansion, and optimizing our product mix.

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Baua Electric

JANUARY 8, 2024

In FY22, revenue from ride-hailing — four-wheelers, auto rickshaws and bike-taxis — grew 30%. Meanwhile, Uber India has been facing scrutiny on several regulatory and tax fronts. The business had slowed down during the Covid-19 lockdowns in 2020 and 2021, and has since recovered.

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The Truth About Cars

FEBRUARY 1, 2024

According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the auto market. About half of all dealerships also said they never bothered to register with the IRS to more easily facilitate EV tax credit exchanges.

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Baua Electric

JANUARY 25, 2024

Auto components maker Rane (Madras) on Thursday reported a whopping 66.3% EBITDA (earnings before interest, taxes, depreciation and amortisation) during the third quarter of the fiscal also fell 31.3% cr – ET Auto appeared first on Bauaelectric Auto News. crore from INR 73.5 crore during Q3 of FY23, it said.

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EV Adoption

FEBRUARY 23, 2021

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit. It won’t solve the problem.

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Baua Electric

FEBRUARY 7, 2024

NITI Aayog has proposed a host of fiscal and non-fiscal incentives, extension of the production linked incentive scheme to LNG-fueled vehicles and setting up a demand aggregator to encourage use of liquified natural gas (LNG) in medium and heavy commercial vehicles.

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