article thumbnail

Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Baua Electric

Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite. 1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles.

article thumbnail

Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

In practice, the call for a change is a call for Saudi Arabia and Russia, the two dominant global crude exporters, which each daily export over seven-plus mmbbls (including condensates and NGLs) and which each see the other as the key to any "balancing" moves, to bear the brunt of any production cuts.

Russia 150
article thumbnail

Indonesian official says current nickel price will benefit miners, smelters – ET Auto

Baua Electric

The contract had surged in 2022 to a record high above USD 100,000 after expectations of reduced supplies from major producer Russia. Seto reiterated that the government has stopped offering tax breaks for investment to produce NPI, and is steering new investment into production of battery materials.

article thumbnail

Jato Dynamics: global auto sales up 5.6% in 2016, SUVs continue to surge

Green Car Congress

Declines in Japan, Russia and Brazil were offset by strong results in China and Europe, said Felipe Munoz, JATO’s Global Analyst. Tax increases on Kei-cars continued to impact the Japanese market in 2016, with city-cars posting a decline of 4.2%. Global automotive industry sales rose 5.6% in 2016 to 84.24 compared to 2015.

2016 150
article thumbnail

KPMG survey finds global auto execs ranking fuel efficiency the top consumer priority

Green Car Congress

In fact, Hans Flick, national tax leader for KPMG’s automotive practice noted that executives appear to indicate that the idea of entry level cars may not have met expectations. The 2011 KPMG survey also finds the auto industry heavily investing in future technology, new products and safety improvements. Investments.

Global 218
article thumbnail

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. The size of the market contraction in Russia is the biggest wild card facing vehicle manufacturers across the European continent, if not the world, in 2015 and 2016.” Europe; Russia influences.

2015 150
article thumbnail

2025 Polestar 3 starts at $74,800 and 315 miles, US deliveries in Q2

Baua Electric

The post 2025 Polestar 3 starts at $74,800 and 315 miles, US deliveries in Q2 appeared first on Bauaelectric Auto News. Polestar has said that U.S. production of the 3 would be not just for the U.S. market but for export to some markets. is also considering hiking tariffs on Chinese EVs.

Miles 52