Remove Building Remove News Remove Ohio Remove Tax Credit
article thumbnail

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.

article thumbnail

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. Construction of the new facility will begin in mid-2024, and is expected to be complete in the third quarter of 2025.

Ohio 52
article thumbnail

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.

Honda 52
article thumbnail

Honda may build an EV factory in Canada featuring in-house battery cells

Teslarati

Japanese automaker Honda is considering locations to build an electric vehicle (EV) factory in Canada featuring the use of in-house battery cells. In June, Honda and LG Energy Solution (LGES) broke ground on a new EV plant in Jeffersonville, Ohio.

Canada 111
article thumbnail

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.

Wisconsin 108
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. The Fisker Pear could qualify for some of the tax incentives listed in the Inflation Reduction Act. Depending on the Fisker Pear’s battery, customers could be eligible for up to $7,500 in tax credits.

Fisker 91
article thumbnail

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

Baua Electric

Our goal is in order inexpensive EVs in 2027 and we’re striking longer-term useful resource stream methods in park that may decrease the price of uncooked subject material and build that industry sustainable for battery manufacturing. Has the indecision of the Inflation Relief Business affected American Honda’s EV technique?

Acura 52