Remove Building Remove Mexico Remove News Remove Tax Credit
article thumbnail

Kia and Hyundai to build EVs in Mexico for IRA tax credit eligibility

Electrek

The Governor of New Nuevo León, Mexico, announced a new (potential billion-dollar) investment from Kia to expand its plant in the region and produce two EVs together with Hyundai. The move comes as the two automakers look to ensure EV models qualify for the IRA tax credit.

article thumbnail

Ram hydrogen fuel-cell truck, BMW EV batteries, rural charging: Today’s Car News

Baua Electric

BMW has started building a battery plant in Mexico that will provide more energy-dense cylindrical cells for longer range and faster charging in next-generation Neue Klasse EVs. If Inflation Reduction Act rules remain, the products might eventually qualify for the EV tax credit. This and more, here at Green Car Reports.

BMW 52
article thumbnail

Second Tesla center in New Mexico to open on Santa Ana Pueblo

Teslarati

Tesla is building its second sales, service and delivery center on tribal land. The Pueblo of Santa Ana announced a new Tesla Center on the Tamaya Indian Reservation last Friday. . The new Tesla Center will occupy four acres of land in the Pueblo’s Master Business Lease/Business Development District.

article thumbnail

China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO

The Truth About Cars

Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. With an eye on reducing America’s dependence on Chinese batteries and materials, the Act incentivizes automakers to source materials from free-trade-compliant countries and build EVs in North America.

China 83
article thumbnail

Another One Bites the Dust: Kia Killing the Rio After 2023

The Truth About Cars

Kia will continue building sedans, but cars have fallen off in favor as SUVs and trucks have taken over the world. As Automotive News pointed out, the shift is likely tied to Kia’s electrification ambitions. Average vehicle purchase prices in the U.S. Image: Kia] Become a& TTAC& insider.

Kia 87
article thumbnail

Tesla said to be mulling U.S. battery plant with supplier CATL

Teslarati

based battery plant with one of its suppliers, CATL, according to a new report. Bloomberg reported yesterday that Tesla is potentially looking to build an electric vehicle battery cell production facility somewhere in the United States with CATL , citing people familiar with the matter. Tesla is said to be mulling a potential U.S.-based

article thumbnail

Fisker releases details on $29,900 Pear production in the US

Teslarati

It plans to build a factory in Ohio for Fisker Pear production. Depending on the Fisker Pear’s battery, customers could be eligible for up to $7,500 in tax credits. If it does qualify for full tax incentives in the United States, the Fisker Pear would cost $22,400 before options.

Fisker 96