The Truth About Cars

MAY 4, 2023

Though their electric vehicle lines are among the most compelling new zero-emissions models, Kia and Hyundai’s EVs don’t currently qualify for federal tax credits because of where they’re built. Both are working toward bringing EV production to the U.S.,

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The Truth About Cars

NOVEMBER 29, 2023

The automaker is eying plans to move production of the flagship EQS electric SUV to Germany to make room at its Alabama facility for a higher-volume EV. Sources told Automotive News that the automaker is clearing the way for the GLC EV, an SUV scheduled to start production in early 2026.

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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. & [Image: Lucid] Become a& TTAC insider.

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Blink Charging

JANUARY 19, 2024

Seize the opportunity to explore, test, drive, and consider an electric vehicle for your next ride as manufacturers expand their product lines to meet growing consumer demand. Here’s what you need to know about using the EV tax credit to lease your new electric vehicle. How Does Obtaining a Tax Credit for a Leased EV Work?

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The Truth About Cars

FEBRUARY 13, 2024

What I assumed would be a quick chat quickly devolved into my being educated on British tax codes, especially the benefit-in-kind (BIK) taxes applied to any items of value provided to employees. For corporate automobiles that also see private use, benefit-in-kind taxes are calculated as a perk on top of the base salary.

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My Energi

DECEMBER 14, 2023

Zero rating will also be granted to products installed at commercial properties used solely for charitable purposes. It seems shortsighted at best to exclude certain products from VAT relief that are already having a huge impact reducing consumers’ energy costs and reducing our reliance on energy from the grid.”

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Baua Electric

FEBRUARY 29, 2024

After being rewarded for its contributions to the state of Georgia with its own “Hyundai Day,” the company said it expects to begin production in Q4 , ahead of its initial early 2025 timeline. The plant’s manager revealed a “super-large” Genesis electric SUV will be produced for the first time, according to The Korean Car Blog.

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The Truth About Cars

FEBRUARY 9, 2024

Electric vehicles have become an unnecessarily politicized product in the U.S., but it’s clear we should all be thankful that we’re not facing steep taxes and penalties for continuing to buy gas vehicles. Image: Toyota] Become a& TTAC& insider.

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The Truth About Cars

APRIL 24, 2024

VinFast’s North Carolina factory will be up and running by next year and is expected to start production by the end of 2025. If the automaker meets other requirements for federal tax incentives, the domestic output would qualify its vehicles for up to $7,500 in credits at the time of sale.

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The Truth About Cars

MAY 11, 2023

& Subaru’s also planning to expand its production capacity, allowing it to move 400,000 EVs a year starting in 2028. That said, the expansion is aimed at the company’s Japanese operations, so it’s not a promising sign for buyers wanting a federal EV tax credit. customers are quality customers.

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Blink Charging

NOVEMBER 9, 2023

In this blog, we will explore the advantages of both owning and leasing a commercial electric fleet. Advantages to buying EVs for your fleet There are three main benefits to buying EV fleet vehicles: tax incentives, asset control, and no restrictions on mileage. In addition, beginning on Jan. What is a finance lease?

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Teslarati

OCTOBER 24, 2023

CNBC estimates that the strike amounts to around $200 million in lost vehicle production per week, and GM CFO Paul Jacobson says the strikes have cost the automaker around $800 million in pre-tax earnings. UAW President Shawn Fain said in a blog post on Tuesday. Another record quarter, another record year.

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The Truth About Cars

OCTOBER 27, 2023

billion before taxes and interest, and Ford noted a $4.5 Ford already noted losses in its EV business, and we’ve seen multiple changes in its pricing and production strategies for the F-150 Lightning, indicating that demand for the electric pickup is fluctuating. It lost $1.3 billion loss overall.

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The Truth About Cars

AUGUST 2, 2023

Its Kentucky facility is getting a multi-million-dollar retooling to support EV production and will eventually source batteries from another Toyota plant in North Carolina. federal tax credits because they’re both built in Japan, making moving EV production to a domestic location the most logical next step for both.

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The Truth About Cars

APRIL 19, 2023

Though it’s now cheaper to buy a new Tesla Model 3 or Model Y, some are eligible for federal tax credits, making them even more appealing. Some Model 3s are only eligible for half the credit because of battery materials sourcing rules, but the automaker’s domestic battery production efforts and large U.S.

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The Truth About Cars

FEBRUARY 9, 2024

The 600e is a production car, though a limited one, with numbers capped at 1,949 units. The Italian government has pressured Stellantis to localize more production within the country, but competing priorities with U.S. tax credits and other supply chain challenges may make that difficult.

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The Truth About Cars

JANUARY 30, 2024

Volvo will start building the EX30 at its factory in China, but a Belgian facility will take up production in 2025. Production will begin in the U.S. after Volvo gets the EX90 rolling at its South Carolina factory, which will open at least partial EV tax credit eligibility for both models.

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The Truth About Cars

APRIL 5, 2024

It’s also eligible for federal tax credits, which makes it an even more compelling option. EV demand is growing slower than automakers had hoped, given their significant investments in production, research, and development. Toyota’s foot-dragging on EVs caused a stir at first, but its logic is looking wiser by the day.

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The Truth About Cars

NOVEMBER 6, 2023

While the Model 3’s prices have fallen in recent times, the least expensive model in the line is $38,990 before tax credits and local incentives. The automaker has long worked toward a unique casting production method that cuts costs and complexity. The Model Y is already built in that location and is Europe’s best-selling EV.

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The Truth About Cars

JANUARY 12, 2024

It’s also ineligible for federal EV tax credits, making it a hard sell against cheaper competitors like the Tesla Model Y and others. Supply has also been an issue for the SUV, as Nissan has struggled to get production up and running smoothly at the factory in Japan where it’s built. Image: Nissan] Become a& TTAC& insider.

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The Truth About Cars

FEBRUARY 14, 2024

At the same time, the updated Model 3 is ineligible for federal tax credits, though that could change as Tesla gets its arms around the production of the new car. Tesla often offers discounts on vehicles in its existing inventory, and some Model Y Long Range variants are selling at up to $5,000 less than a new Model 3.

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Blink Charging

DECEMBER 19, 2023

Product Announcements and Launches The Blink Mobile EV Charger Not only did Blink add new charging stations to our network in 2023, but we also launched several new products! Blink Family of Products Designed with the future in mind, Blink offers a full range of solutions for Level 2 and DC fast charging.

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The Truth About Cars

JUNE 21, 2023

These numbers may shift in favor of American production in the coming years as automakers look to localize production and take advantage of federal tax credits. Volvo only produces 4 percent of its vehicles here, but the real shocker is that General Motors only built 54 percent of its vehicles in the United States.

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The Truth About Cars

DECEMBER 27, 2023

Most of us know that even the most efficient, long-range EVs generate emissions during the raw materials extraction and production phases, and that’s before we count the logistics required to move everything around the world a few times in the process. As The Washington Pos t points out, the U.S. Image: Chevrolet] Become a& TTAC insider.

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The Truth About Cars

MARCH 21, 2024

Boston Consulting Group, an American-based global management consulting firm that issued the report, said the figure accounts for customer tax credits — painting a rather bleak picture for the future of EVs. Assuming production continues and the public ends up buying them in meaningful numbers, EV profitability should improve over time.

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The Truth About Cars

SEPTEMBER 1, 2023

Rumors have pointed to the automaker starting production in the country first, and Chinese buyers are a vitally important group for the company. but the timing will likely coincide with production starting at its American factories to meet federal tax credit requirements.&

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The Truth About Cars

APRIL 16, 2024

It's important to note that Kia hasn’t confirmed the EV3 for American buyers, but it’s hard to imagine that an affordable electric model wouldn’t at least cover its costs here, even without federal tax credits. That, and the brand needs an entry-level model to push buyers higher in the lineup over time.

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The Truth About Cars

AUGUST 23, 2023

The automaker’s factory in Monterrey, Mexico, builds the Rio, and the company is expected to retool the facility for EV production. Kia currently builds the EV6 in South Korea and needs a North American manufacturing location for its vehicles to qualify for federal tax credits.

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The Truth About Cars

JUNE 8, 2023

The base Model 3 starts at $40,240, which can drop as low as $25,240 after accounting for the $7,500 federal EV tax credit and the $7,500 California tax credit. Reuters recently reported that the Model 3 can become less expensive than a new Camry if buyers can capitalize on federal and California state incentives.

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The Truth About Cars

MAY 23, 2023

That number becomes even more appealing after government tax credits, which cut another $3,750 off the price, making the Model 3 a compelling EV.& Tesla is enjoying the benefits of scaling its production efforts, which have made building new EVs much cheaper and faster for the company.

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Blink Charging

NOVEMBER 15, 2023

As mentioned in an International Parking and Mobility Institute (IPMI) blog , “parking revenues can return 50 to 65 percent net margins and can provide a much-needed cushion for an ailing budget.” And while healthcare facilities are selling a service rather than a product, sustainability may still have a similar effect on patient choice.

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The Truth About Cars

NOVEMBER 28, 2023

Now, Ineos has begun production of its second vehicle, a pickup truck named the Quartermaster that shares the Grenadier’s boxy, old-school styling. Interestingly, the Quartermaster will be subject to the chicken tax, a 25 percent tariff on light-duty trucks imported to the United States.

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The Truth About Cars

SEPTEMBER 22, 2023

That makes the $33,550 (before any federal tax credits or state incentives) Kona Electric the most affordable way to take advantage of the deal. Making those vehicles more expensive probably isn’t going to help the cause — even if it benefits manufacturers who have managed to localize production inside North America.

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The Truth About Cars

FEBRUARY 1, 2024

About half of all dealerships also said they never bothered to register with the IRS to more easily facilitate EV tax credit exchanges. Luxury-minded electrics are simply too expensive for most people to afford and the more pedestrian models have been seen in the news for battery fires and botched product launches.

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Blink Charging

MAY 1, 2023

The assembly and manufacturing processes of products, including EV chargers, also must be done in the United States. Supply chain concerns arose during the COVID-19 pandemic when the cost and time to produce many products skyrocketed. Investing in our national infrastructure, as well as companies in the U.S.,

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The Truth About Cars

MARCH 5, 2024

It is tempting for carmakers to eliminate hands-on controls where possible because it not only results in a sleek and minimalist look for the cabin but saves on production costs, reduces weight and enables the manufacturer to easily update the software. On the U.S. market, this trend has resulted in a bizarre regulatory mix.

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The Truth About Cars

JUNE 27, 2023

Lordstown’s share price collapsed in 2021 and the company has suffered numerous production delays. Interestingly, this was shortly before the company disclosed quality issues and warned the public of difficulties it was having ramping up production of the Endurance pickup. But it’s not bad news for everybody.

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