Baua Electric

MAY 3, 2024

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.

Tax Credit 52

Tax Credit Tax Chinese Auto 52

Baua Electric

MARCH 13, 2024

is also considering hiking tariffs on Chinese EVs. Polestar notes that it will pass along a $7,500 credit on all Polestar 3 leases. Polestar has said that U.S. production of the 3 would be not just for the U.S. market but for export to some markets.

Miles 52

Miles South Carolina North Korea Volvo 52

Teslarati

DECEMBER 3, 2023

The White House issued new guidance on federal electric vehicle (EV) tax credits this week, including a key exemption that’s considered a win for many automakers, as it offers extra time for companies attempting to set up battery production operations in the U.S. These countries include North Korea, China, Russia and Iran.

Tax Credit 105

Tax Credit Tax North Korea Iran 105