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GM expects Chevrolet Silverado EV to get full $7,500 tax credit

Teslarati

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. If it does, the Silverado EV will qualify for the IRA’s full $7,500 EV tax credit. GM issued a list of electric vehicles in its lineup that would qualify for the full EV credit.

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Schaeffler invests $230 million in new automotive manufacturing facility in Ohio for EV products – Charged EVs

Baua Electric

Global motion technology company Schaeffler plans to expand its US operations with the addition of a new manufacturing facility focused on producing automotive electric mobility solutions. The Dover site is near Schaeffler’s existing transmission manufacturing facility in Wooster.

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Honda joins EV race with historic $11B investment to build 240K EVs a year

Baua Electric

Honda is finally joining the EV race after announcing a massive $11 billion (CAD$15 billion) investment to build four new EV plants in Canada. The historic investment will be used to build Canada’s first EV supply chain, enabling 240,000 Honda EVs to be made for the US and Canada annually. Production is expected to begin in 2028.

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Foxconn brings EV battery production to two U.S. states

Teslarati

Foxconn, the iPhone manufacturer that bailed out Lordstown Motors from bankruptcy, announced that it would build electric vehicle batteries in Wisconsin and Ohio on Thursday, hoping to take advantage of the Inflation Reduction Act that incentivizes domestic cell manufacturing. The sale was finalized in May 2022.

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Lucid Air debuts in New York; completes first high speed stability test at 217 mph

Green Car Congress

The Air will be manufactured in Casa Grande, Arizona. The factory, first announced in November 2016, will come online in 2019 and build 10,000 vehicles in the first 12 months. By 2022 the company expects the factory to employ 2,000 full-time employees and manufacture up to 130,000 vehicles annually. Earlier post.)

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Honda, Acura neatly situated in 2023, says American Honda’s Mamadou Diallo

Baua Electric

Shoppers are snapping up each Honda and Acura product now that we will be able to meet call for, however we nonetheless wish to secure our manufacturing goal reasonable and in step with our pristine industry methods, which is [maintaining] low stock and having sellers promote into their pipeline, and truly run an effective operation.

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U.S. Passes Landmark Law to Fund Semiconductor Manufacturing

Cars That Think

Legislation aimed at increasing semiconductor manufacturing in the United States has finally passed both houses of Congress, following a multiyear journey that saw many mutations and delays. Twenty-five percent [tax credit] means we’re in it to win.” —Ian This is going to make a huge difference in how the U.S.