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Biden administration considers penalties for Chinese EV companies in Mexico

Teslarati

The Biden Administration is considering penalties for Chinese electric vehicle (EV) automakers who are moving production to Mexico. On May 14, 2024, the Biden Administration released new tariffs on Chinese EV imports and other sectors to protect American workers and businesses in the United States. According to U.S.

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Canada orders three Chinese companies to divest from Canadian critical minerals companies

Green Car Congress

The Government of Canada has ordered the divestiture of the following investments by three Chinese companies in Canadian critical mineral companies: Sinomine (Hong Kong) Rare Metals Resources Co., Limited is required to divest itself of its investment in Power Metals Corp.

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China takes grievances over Biden EV policy to the WTO

Green Car Reports

China has filed a complaint against the Biden administration's EV incentive policy with the World Trade Organization (WTO), Bloomberg reports.

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Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Baua Electric

Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite. 1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles.

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Lexus RZ range boost, tariff on China EVs, Ford and GM lose EV tax credit: Today’s Car News

Green Car Reports

EV tax credit qualification gets murky in the new year. An even higher tariff on Chinese EVs is being considered. And the Lexus RZ EV gets a lower-priced base model with more range. This and more, here at Green Car Reports. The 2024 Lexus RZ 300e adds more driving range to the only EV in the Toyota luxury brand’s U.S.

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How The Chinese-Made Volvo EX30 Will Deal With US Tariffs & Incentives

CleanTechnica EVs

Will it manage to avoid import tariffs and qualify for federal tax credits? The post How The Chinese-Made Volvo EX30 Will Deal With US Tariffs & Incentives appeared first on CleanTechnica. The Volvo EX30 goes on sale in the US this summer.

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China extends NEV purchase tax exemption until end of 2023 in official announcement

CN EV Post

Three Chinese government departments announced in a joint statement that NEVs purchased between January 1, 2023 and December 31, 2023 will be exempt from purchase taxes. The post China extends NEV purchase tax exemption until end of 2023 in official announcement appeared first on CnEVPost.

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