Green Car Reports

DECEMBER 4, 2023

The Department of Energy (DOE) on Friday issued proposed guidance on foreign battery content in EVs that could cut the federal tax credit for some models. But it also provides a clearer picture for automakers and battery suppliers. Starting Jan.

Tax Credit 125

Tax Credit Tax Batteries Battery 125

Teslarati

FEBRUARY 19, 2024

The Indian government is reportedly finalizing a new import tax policy that might encourage Tesla and other foreign electric automakers to invest in India. According to people familiar with the matter, the Indian government is thinking of offering lowered import taxes to freight electric vehicle (EV) manufacturers.

India 112

India Tax Tesla Buy 112

Electrek

DECEMBER 19, 2022

The United States Treasury department announced it will delay its guidance in regard to the sourcing requirements for battery materials in order for EVs to qualify for federal tax credits. The post US Treasury delays EV battery guidance, more vehicles could qualify for 2023 tax credits appeared first on Electrek.

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Tax Credit Tax Battery Batteries 128

Green Car Reports

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. VW notes in the release that it's the first foreign automaker to qualify under tightened rules relating to battery supply that took effect at the start of the year. "Most" 2023 and 2024 Volkswagen ID.4

Tax Credit 135

Tax Credit Tax Supplies Sale 135

Green Car Congress

MARCH 7, 2023

More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Battery production capacity equivalent to 18 million electric cars—1.2 Europe must act or risk losing it all.

Companies 430

Companies Battery Batteries Production 430

Electrek

FEBRUARY 9, 2024

The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October. According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit.

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Tax Credit Hyundai Tax America 145

Teslarati

JANUARY 10, 2024

Tesla calculated that Model 3 Highland lease payments would be $329 monthly, excluding taxes and fees. Tesla models eligible for IRA tax credits in 2024 The loophole lies in the IRA’s tax credit qualifications for commercial vehicles. The IRA’s assembly and battery requirements do not apply to commercial vehicles.

Tax Credit 124

Tax Credit Highlander Tax Puerto Rico 124

Baua Electric

APRIL 4, 2024

Battery materials and technology company NOVONIX has been selected to receive a $103-million tax credit under section 48C of the Qualifying Advanced Energy Project Allocation Program, to support production of critical battery materials at its Riverside facility in Chattanooga, Tennessee.

Tax Credit 52

Tax Credit Tennessee Tax Production 52

Green Car Reports

DECEMBER 22, 2022

Treasury Department has delayed release of full guidance on qualifications for the revised federal EV tax credit until March. The IRA re-upped the $7,500 federal EV tax credit and eliminated the previous 200,000-unit cap that a handful of automakers had already reached as of Jan.

Tax Credit 151

Tax Credit Tax Batteries Battery 151

Blink Charging

JANUARY 11, 2024

The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. The Clean Vehicle Tax Credit for new EVs is worth up to $7,500 and the Previously Owned Clean Vehicle Tax Credit is worth up to $4,000.

Tax Credit 119

Tax Credit Tax Clean Cleaning 119

Green Car Reports

OCTOBER 17, 2023

The made-in-Tennessee Nissan Leaf is eligible for the EV tax credit. Nissan electrifies the minivan around solid-state batteries. And Rivian aims to make towing more predictable. This and more, here at Green Car Reports.

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Tax Credit Tax Nissan Minivan 137

Baua Electric

JANUARY 17, 2024

Fewer Tesla EVs now qualify for the $7,500 federal EV tax credit, but for those that do, Tesla is now applying the credit at the time of purchase. Tesla federal EV tax credit eligibility (Jan. The federal EV tax credit became a point-of-sale rebate as of Jan. Tesla Model Y price estimate showing $7,500 tax credit (Jan.

Tax Credit 98

Tax Credit Tax Purchase Tesla 98

Teslarati

NOVEMBER 29, 2023

The reprieve would concern the eligibility of electric vehicles for the IRA’s tax incentives. One of the biggest concerns about the IRA’s requirements for EV tax credit eligibly regards battery packs, cells, and the materials used to manufacture them. We are going to have lots of battery capacity in the United States.

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Tax Credit Tax United States North America 83

Teslarati

JANUARY 2, 2024

electric vehicle (EV) tax credit have taken effect, significantly limiting the number of qualifying options in 2024. Despite the list of qualifying EVs getting shorter , the 2024 guidance also lets sellers offer the rebate at the point of sale , rather than buyers being forced to wait until doing their taxes. New rules for the U.S.

Tax Credit 94

Tax Credit Tax F-150 PHEV 94

Teslarati

MARCH 29, 2023

The United States Department of Treasury’s battery sourcing guidance might slash EV Tax credits from the Inflation Reduction Act (IRA). The Treasury will release the battery guidance for the IRA EV tax credits this Friday, April 1, 2023. The battery guidance on sourcing minerals will increase by 10% annually.

Tax Credit 57

Tax Credit Tax Battery Batteries 57

Baua Electric

MARCH 19, 2024

Photo: Tesla If you bought an EV or made electric upgrades in 2023, then use this Rewiring America tool to confirm which Inflation Reduction Act (IRA) tax credits you qualify for. The IRA tax credits are new, so it’s good to have a tool to refer to during tax preparation. The tool tells me that I get 30% of qualifying costs.

Tax Credit 52

Tax Credit Tax Solar Installation 52

Green Car Reports

APRIL 20, 2023

4 models will qualify for the highest $7,500 federal EV tax credit amount under the latest rules, VW confirmed Wednesday in a press release. 4 crossover SUVs, as well as local battery sourcing, help allow the ID.4 All 2023 Volkswagen ID.4 Local assembly of U.S.-market 4 to qualify for the full credit amount.

Tax Credit 159

Tax Credit Tax SUV Market 159

Electric Cars Report

JANUARY 26, 2024

4 with SK On battery components and MY24 Volkswagen ID.4 4 models (when released with SK On components) that are placed in service in 2024 will be eligible for the full $7,500 Federal Tax Credit on a purchase by a qualifying purchaser, making the ID.4 4 with SK On battery components and MY24 Volkswagen ID.4

Tax Credit 104

Tax Credit Tax Purchase America 104

Teslarati

JANUARY 3, 2023

The Internal Revenue Service (IRS) is inviting consumers to share comments on the electric vehicle tax credit qualifications. In December, the IRS announced the vehicles that qualified for the 2023 EV tax credit. Some of these vehicles include plug-in hybrid EVs that use gas and batteries. Credit: IRS. Your feedback is welcome.

Tax Credit 144

Tax Credit Tax SUV Tesla 144

Baua Electric

JANUARY 17, 2024

Read more Tata Motors has opposed Toyota’s appeal for tax reduction on hybrid cars, claiming that they are more polluting than electric vehicles and should not be given a tax advantage. Several automakers like Toyota, who have been selling hybrid cars in India have been lobbying for a tax cut on the hybrid vehicles in India.

Tax 95

Tax Toyota Motor Motors 95

Teslarati

MARCH 2, 2023

The Nevada Governor’s Office of Economic Development (GOED) Board approved a $330,250,366 million tax break for Tesla. Listed below are the taxes Tesla could generate, assuming it invests all $3.6 million in gross average annual property tax revenues $11.2 million in gross average annual sales taxes $1.1

Nevada 116

Nevada Tax Tesla 2014 116

The Truth About Cars

MARCH 7, 2024

The automaker announced that the car has regained eligibility for federal tax credits, though for only half of the maximum $7,500. It’s followed not-so-closely by the Mini Cooper SE, but regaining tax credit eligibility is a significant boost. has a free-trade agreement.

Tax Credit 82

Tax Credit Tax Nissan Tennessee 82

Green Car Reports

MARCH 28, 2023

A trade pact could make EVs with battery materials sourced from Japan eligible for federal tax credits, the Japan Times reported Tuesday. The Inflation Reduction Act (IRA) requires major battery components and critical minerals to be sourced from countries with which the U.S.

Tax Credit 122

Tax Credit Japan Tax Batteries 122

Electrek

MARCH 23, 2023

Tesla told employees that it expects to lose the full $7,500 federal tax credit on its cheapest electric car because the batteries come from China. more… The post Tesla expects to lose full $7,500 tax credit on its cheapest electric car appeared first on Electrek.

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Tax Credit Tax Electric Cars Tesla 129

Teslarati

JANUARY 30, 2024

With Europe’s gas phase-out plans now within view, the countries there could be set to lose significant funding from fuel taxes in the coming years. Still, the change could have some latent effects, especially as most countries get crucial revenue from taxes on gas. What about in other countries?

Fuel Tax 88

Fuel Tax Tax Europe Gas 88

Baua Electric

MARCH 7, 2024

The 2024 Nissan Leaf is once again eligible for a $3,750 federal EV tax credit, Nissan confirmed Wednesday in a press release. The Leaf qualifies for the $3,750 credit because the car and its battery pack are both assembled in Smyrna, Tennessee. Nissan also provides a $3,750 lease incentive for 2024 and 2023 Leaf models.

Tax Credit 52

Tax Credit Tax Nissan Tennessee 52

Teslarati

APRIL 7, 2023

The Tesla Model 3 RWD, the most affordable vehicle in the company’s lineup, will see its federal tax credit reduced from $7,500 to $3,750, as confirmed by an update on Tesla’s official Model 3 page. The reduction in the federal tax credit for the Model 3 RWD will take effect on April 18.

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Tax Credit Tax Tesla United States 102

Green Car Reports

MARCH 28, 2022

The parent company of Jeep, Ram, Dodge, and Chrysler teams up with LG for a battery plant in Canada. Toyota and Nissan are introducing more EVs just in time for buyers to claim the full EV tax credit. We look at how cobalt prices—and some bad U.S. decisions over resource control—may lead to EV-affordability issues.

Tax Credit 123

Tax Credit Affordable Tax Nissan 123

CN EV Post

JANUARY 4, 2024

Simply put, consumers who buy NEVs with an invoice amount exceeding RMB 339,000 are required to pay purchase tax. Models that support battery swap get preferential treatment.

Purchase 74

Purchase Tax Buy China 74

Baua Electric

MARCH 6, 2024

Nissan and the IRS announced today that the Leaf has regained eligibility for the federal tax credit for electric vehicles. With now $3,750 in tax credit, the Leaf can start at just $24,400 – making it one of the cheapest EVs in the US. It’s for the base version, which has a 40 kWh battery pack enabling about 150 miles of range.

Tax Credit 52

Tax Credit Tax Nissan Tennessee 52

Electrek

DECEMBER 2, 2022

Volkswagen Group CEO Oliver Blume recently shared that the company is actively searching for a home for its first battery cell factory in North America. 4 to continue to qualify for US federal tax credits, while opening the door for more EVs under its umbrella to qualify.

Tax Credit 77

Tax Credit Tax North America Tennessee 77

Electrek

DECEMBER 1, 2023

The US government has released guidance that will make it harder for EVs to qualify for the full $7,500 tax credit if their batteries contain Chinese components or minerals. more… The post EVs with Chinese parts won’t qualify for the full $7,500 tax credit from 2024 appeared first on Electrek.

Tax Credit 85

Tax Credit Chinese Tax Parts 85

Electrek

FEBRUARY 29, 2024

But a new breed of these stoves includes huge batteries, which opens up new opportunities by only requiring a 120V outlet, offering 40-sec water boiling, backup power to other appliances like the refrigerator, and even IRA tax rebates.

Battery 125

Battery Batteries Tax Water 125

Electrek

FEBRUARY 8, 2023

During a press conference yesterday, supervisors in Imperial County, California, announced they had voted unanimously to offer tax rebates, property tax deductions, and the potential for further incentives to any and all battery manufacturers willing to produce Lithium products within the county’s lines.

Tax 68

Tax Power Powered Battery 68

Teslarati

FEBRUARY 27, 2024

4 82 kWh model qualifies for the Inflation Reduction Act’s (IRA) full federal tax credit. 4 models with SK On components are eligible for the full $7,500 federal tax credit because the updated VW ID.4’s 4’s battery pack will be assembled in Chattanooga, Tennessee. The 2024 Volkswagen ID.4 Volkswagen ID.4 4 model with a 12.9-inch

Tax Credit 54

Tax Credit Tax Tennessee Georgia 54

CN EV Post

JANUARY 2, 2024

Simply put, consumers who buy NEVs with an invoice amount exceeding RMB 339,000 are required to pay purchase tax. Models that support battery swap get preferential treatment.

Purchase 71

Purchase Tax Buy China 71

Green Car Reports

OCTOBER 25, 2021

Apple and Tesla are both looking for the same kind of batteries. CEO says that the higher EV tax credit being proposed isn't. Hertz opts to add at least 100,000 Teslas because of, in part, the experience and Supercharger network. The Mercedes EQC is back on, albeit not for a few years. And VW's U.S.

Tax Credit 130

Tax Credit Tax Mercedes Tesla 130