Remove Auto Remove Russia Remove Tax Remove Tax Credit
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

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

EV Life

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

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
article thumbnail

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

Baua Electric

The list of electric vehicles qualified for the EV tax credit in calendar year 2024 has been released. Also of note: No Rivian electric truck qualifies for the full $7,500 tax credit amount in 2024, at this time. The credit amount on these models has fallen to $3,750. appeared first on Bauaelectric Auto News.

article thumbnail

Tesla supplier Talon Metals on Manchin EV Bill, Tesla & more

Teslarati

Todd is based in Washington DC for Talon and therefore has a front-row seat to the wrangling among various parties regarding Senator Manchin’s new EV tax incentives in the Infrastructure Reduction Act of 2022. Manchin’s EV tax credit proposal. Credit: Talon Metals. Manchin’s EV tax credit proposal.

Tesla 109