Plug in America

DECEMBER 21, 2023

Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. New federal EV tax credits were expanded and updated, and credits for used and commercial EVs became available for the first time in January. New Mexico adopted the Advanced Clean Cars II standard (ACC II).

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Baua Electric

MARCH 8, 2024

Examples include updates to the ambient lighting system and gauge-cluster graphics for battery percentage. The Blazer EV is also now fully eligible for the $7,500 EV tax credit. A number of EV models lost the credit at the start of the new year. There are very few Blazer EVs in customer hands as of yet.

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Baua Electric

APRIL 17, 2024

BCG estimates that most automakers lose around $6,000 on each EV they effectively sell for $50,000, that price accounting for any tax credits or other incentives the customer might be eligible for. Automakers will only be able to close about half of that cost gap with technology choices, BCG estimates. automakers.

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Baua Electric

JANUARY 3, 2024

Tesla has used price cuts to help jolt sales, but BYD has its own battery business, giving it greater control over prices. Its new Blade battery, focused on safety and longevity , has earned a good reputation already. BYD Han EV BYD has an additional advantage in that its batteries are being used by some of its rivals in China.

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Teslarati

OCTOBER 12, 2023

As of writing, Say’s webpage for the Tesla Q3 2023 earnings call features a variety of notable questions, spanning topics from Tesla’s factories like Gigafactory Mexico to future projects like Optimus and the dedicated Robotaxi. How’s FSD v12 progress going? When do you expect Model 3 Highland to be available in the US?

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Baua Electric

MARCH 22, 2024

BMW Vision Neue Klasse X concept Neue Klasse models will also feature faster charging than current BMW EVs thanks to an 800-volt electrical architecture, and they’re at the leading edge of a battery shift for the company. Production in San Luis Potosí, Mexico , will then follow in 2027, likely allowing vehicles to qualify for U.S.

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Baua Electric

MARCH 22, 2024

BMW Vision Neue Klasse X concept Neue Klasse models will also feature faster charging than current BMW EVs thanks to an 800-volt electrical architecture, and they’re at the leading edge of a battery shift for the company. Production in San Luis Potosí, Mexico , will then follow in 2027, likely allowing vehicles to qualify for U.S.

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Teslarati

JUNE 24, 2022

“The purchase of the BEV Lease is to aid in our goal of delivering carbon neutrality by 2050 by controlling the vehicle battery through its life, keeping it in the Ford network.” ” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits. battery production.”

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Green Car Congress

MAY 4, 2011

HR 1685 extends through 2014 the tax credit for the residential and commercial purchase and installation of electric vehicle charging infrastructure. The credit is currently set to expire at the end of this year. In addition to its headquarters in Rosslyn, Virginia, NEMA also has offices in Beijing and Mexico City.

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Tax Credit Tax Virginia Purchase 186

Green Car Congress

JANUARY 11, 2010

from a large SUV factory to build the all-new Focus starting in 2010 and Focus Electric pure battery electric vehicle in 2011. —Bill Ford In addition, Ford said it is bringing battery system design and development in-house. Tags: Batteries Electric (Battery) Hybrids Plug-ins Vehicle Manufacturers. beginning in 2012.

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Teslarati

MARCH 8, 2023

Rivian emailed customers about the Internal Revenue Service’s (IRS) recently released guidance regarding the EV tax credits under the Inflation Reduction Act (IRA) of 2022. Foley & Lardner LLP explained the latest IRS guidance regarding EV tax credits. These qualifications applied as of January 1, 2023.

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Baua Electric

FEBRUARY 26, 2024

It starts at a reasonable $32,500 plus a $1,595 destination fee, although it’s not eligible for the $7,500 federal tax credit. The 2024 version is made in the Mirafiori factory in Turin, Italy, compared to the 2019 built in Mexico.

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Baua Electric

JANUARY 10, 2024

It starts at a reasonable $32,500 plus a $1,595 destination fee, although it’s not eligible for the $7,500 federal tax credit. The 2024 version is made in the Mirafiori factory in Turin, Italy, compared to the 2019 built in Mexico.

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Teslarati

DECEMBER 3, 2021

The $12,500 electric vehicle tax credit proposed in President Joe Biden’s “Build Back Better” plan is being labeled as “discriminatory” by Mexican Economy Minister Tatiana Clouthier, who said the country is analyzing legal recourse and other actions, including potential tariffs against the United States.

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Baua Electric

MARCH 16, 2024

Which automaker said it’s aiming for its future EV batteries to last longer? 4 to the list, we revisited and updated our roundup of which 2024 EVs qualify for the $7,500 EV tax credit. It’s still not a long list compared to last year, due to much stricter rules for battery components and critical minerals, but it’s growing.

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EV Adoption

NOVEMBER 29, 2021

In my previous article, Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives , I outlined and analyzed 13 proposed changes to IRC 30D (federal EV tax credit). Battery is under 10kWh: Currently only five PHEVs would not meet the proposed 10 kWh threshold: Toyota Prius Prime (8.8

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Charged EVs

FEBRUARY 6, 2024

For EVs to deliver their full emission-reducing potential, the battery supply chain must be as clean as possible, and cathode active materials (CAM) are a key part of the sustainability equation. Automakers have high hopes for solid-state batteries, mainly because of their improved safety characteristics.

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Teslarati

NOVEMBER 21, 2022

Graphite is an essential part of a lithium-ion battery. There are many challenges that EV battery manufacturers might face in the graphite market as electric vehicle demand continues to rise. Graphite is often an overlooked essential mineral when people think of EV batteries.

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Green Car Congress

MAY 6, 2009

Ford Motor Company is investing $550 million to transform its Michigan Assembly Plant into a flexible manufacturing complex that will build Ford’s next-generation Focus global small car along with a new battery-electric version of the Focus for the North American market. Earlier post.) The 2.866 million square-foot plant was built in 1957.

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EV Adoption

JANUARY 8, 2022

Ford has announced plans to increase production of the Mach-E at its Mexico plant 3X over the next two years which suggests sales could reach at least 40,000 in 2022. The Bolt, which is expected to resume production in early March , was on pace until the recall to sell 40,000 units in 2021.

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Sale PHEV Tesla Mazda 52

Green Car Congress

JULY 21, 2016

During past eight years the number of plug-in electric vehicle models has increased from one to more than 20, battery costs have decreased 70%, and the number of electric vehicle charging stations has increased from less than 500 in 2008 to more than 16,000 today—a 40-fold increase. Among the actions announced are: Unlocking up to $4.5

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Green Car Congress

DECEMBER 16, 2013

Electric power generation from renewables is bolstered by legislation enacted at the beginning of 2013 extending tax credits for generation from wind and other renewable technologies. Pipeline exports of natural gas to Mexico grow by 6% per year, from 0.6 US exports of LNG increase to 3.5 Tcf in 2012 to 3.1 Tcf in 2040.

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Baua Electric

FEBRUARY 6, 2024

For EVs to deliver their full emission-reducing potential, the battery supply chain must be as clean as possible, and cathode active materials (CAM) are a key part of the sustainability equation. Automakers have high hopes for solid-state batteries, mainly because of their improved safety characteristics.

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Teslarati

AUGUST 17, 2022

According to Mayor Frank Scarpitti of Markham, Tesla Canada makes “state-of-the-art manufacturing equipment” for Tesla gigafactories “in the production of batteries.” It was looking at options in Canada, Mexico, and the United States. There’s been a lot of talk lately about a Tesla Canada Gigafactory.

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Baua Electric

MARCH 4, 2024

However, Mach-E sales were down 20% through the first half of 2023 as Ford retooled its Cuatitlan, Mexico plant, where the EV is assembled. Hyundai is opening its first EV and battery plant in the US, a massive $7.6 over last year. Ford sold 2,930 Mustang Mach-E models in February, up 64.3% billion site in Georgia.

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Green Car Congress

JUNE 14, 2010

As batteries get cheaper and smaller, and motors get light enough to fit inside wheels, we’ll be able to upgrade smaller cars. Right now, buyers of new plug-in cars get up to $7,500 in tax credits. Tuesday night, President Obama will speak to the nation about the Gulf catastrophe.

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The Truth About Cars

SEPTEMBER 29, 2023

By relying on General Motors’ Ultium battery platform, Honda gets to field an EV boasting a competitive range while bragging to regulators about products being manufactured in North America. But it should be good enough to warrant government incentives under the EV tax credit scheme.

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Teslarati

FEBRUARY 14, 2024

Tesla is hoping to replicate production lines in Shanghai at its upcoming Giga Mexico factory by inviting Chinese companies to supply the manufacturing efforts with localized plants. million square feet of industrial park space in Mexico by 2023, up from just 1.28 Tax lawyers in the U.S. However, U.S. million in 2019.

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EV Adoption

AUGUST 4, 2022

Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV tax credit requirements. Battery Material and Component Requirements Cannot Be Met in the Near Term. Joe Manchin, via the Wall Street Journal. in effect with the U.S.

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Revenge of the Electric Car

MARCH 9, 2009

It’s easy to spec out a battery pack with enough kWh for a given size of truck to hit 60-80-100 miles, whatever the given fleet buyer needs. Note: modified 3/6/09 to add approximate cost of battery lease.). I love that this market is blooming. The longer the range, the more expensive, so you get only what you need.

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EV Adoption

NOVEMBER 26, 2021

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

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Baua Electric

MARCH 27, 2024

New rules for the federal EV tax credit enacted in 2022 as part of the Inflation Reduction Act are “discriminatory” and “seriously distorted” the global EV supply chain, the Chinese Ministry of Commerce said Tuesday in a statement announcing the move.

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Teslarati

SEPTEMBER 13, 2021

Tesla CEO Elon Musk has shared a brutally honest take on the US Democrats’ revised EV tax credit proposal, which happens to be heavily pro-union. This is written by Ford/UAW lobbyists, as they make their electric car in Mexico. Under the revised proposal, the $7,500 tax credit would still be uncapped for automakers.

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Charged EVs

SEPTEMBER 22, 2022

The provision that’s gotten the most press is a redesign of the federal EV tax credit—that’s only natural, because it’s the policy that’s most likely to directly affect the average consumer, and because politicians love to talk about tax breaks. Credit where credit is due.

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Baua Electric

FEBRUARY 6, 2024

Last December, the US Treasury Department released a new list of guidelines for federal subsidies that excluded vehicles containing battery components manufactured or assembled by a “foreign entity of concern” (aka China). billion battery-making plant in Michigan – a project that was stopped last September.

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Plug in America

APRIL 30, 2021

And then for emphasis, said that the American Jobs Plan (which includes a whopping $174 billion investment in transportation electrification over a decade) would enable us to “lead the world in the production of electric vehicles and batteries.”. On Earth Day, he committed the United States to a 50% reduction in greenhouse gases by 2030.

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EV Adoption

AUGUST 18, 2021

A key component of the CEAA is nine proposed changes to the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) — more commonly known as the “federal EV tax credit.”. I’ve written extensively on the tax credit and especially its many flaws, ineffectiveness, and areas in the regulations that desperately need fixing.

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