Teslarati

APRIL 5, 2023

Tesla will be receiving lithium supplies from Quebec, giving it an edge in meeting the Inflation Reduction Act’s battery requirements for EV tax credits. A Major Source of Li in North America In a press release , Tesla lithium supplier Piedmont Lithium Inc. Tesla Ahead of the Curve Last week, the U.S.

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EV Life

JANUARY 4, 2024

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. On the other hand, new eligibility requirements have also taken effect, and some EVs didn’t make the cut. Which Electric Vehicles Still Qualify for the Tax Credit? So, if someone ordered a Volkswagen ID.4

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Teslarati

MARCH 31, 2023

The IRS has updated its guidance relating to the Inflation Reduction Act’s (IRA) tax credit that applies to electric vehicles, with new rules coming into effect on April 18. You can also reach me on Twitter @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com. I’d love to hear from you!

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Electrek

SEPTEMBER 23, 2022

Carbon-conscious mining company Snow Lake Lithium and battery production specialist LG Energy Solution announced they have signed a Memorandum of Understanding (MOU) to establish a domestic supply chain of lithium in North America.

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Teslarati

JANUARY 27, 2023

Michigan Senator Debbie Stabenow successfully opposed a proposal by fellow Democrat Joe Manchin of West Virginia to eliminate certain electric vehicle models from being eligible for the Inflation Reduction Act’s (IRA) $7,500 tax credit. It also introduced new regulations for sourcing EV batteries.

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Clean Fleet Report

FEBRUARY 24, 2024

The all-new 500e is longer, wider and lighter, with a longer all-electric driving range, faster charging and the latest in audio and driver safety systems compared to the predecessor model that was sold in North America from 2013 – 2019. It’s scheduled to be on sale at North American Fiat dealers by early summer 2024.

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Teslarati

AUGUST 17, 2022

Department of Energy’s Alternative Fuels Data (DOE) published a list of electric vehicles that are immediately available for the new $7,500 EV tax credit. Under the new law, only EVs assembled in North America qualify for the credits. Under the new law, the manufacturer’s sales cap is lifted.

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Electrek

DECEMBER 2, 2022

Volkswagen Group CEO Oliver Blume recently shared that the company is actively searching for a home for its first battery cell factory in North America. 4 to continue to qualify for US federal tax credits, while opening the door for more EVs under its umbrella to qualify.

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Teslarati

NOVEMBER 11, 2023

Tesla has announced its latest round of free Supercharging, this time going to buyers of either the Model 3 sedan or the Model Y SUV located in North America. The post was made from Tesla’s North America account on X and included a link to the automaker’s website. The note comes ahead of the U.S. What are your thoughts?

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Teslarati

APRIL 22, 2024

The Bronze prize for SK On’s cobalt-free battery marks the second consecutive year the company was recognized at the Edison Awards. Ford battery supplier SK On remains bullish on EVs despite past challenges SK On is working hard to expand its business, especially in North America. In January 2024, Volkswagen ID.4

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The Truth About Cars

APRIL 18, 2024

Chinese automakers are expanding into Mexico, with companies like BYD opening dealerships across the country. Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers. government believes that they should not be able to enter North America without paying tariffs.

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Teslarati

JUNE 13, 2022

The CEOs of Ford, General Motors, Stellantis, and Toyota all urged Congress to eliminate the cap on the $7,500 electric vehicle tax credit as zero-emissions vehicles cost more to manufacture. ” A recent study from Kelley Blue Book showed new vehicle prices across the board have risen 13.5 percent in the past year. .”

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Teslarati

FEBRUARY 8, 2024

Volkswagen is still planning to launch 25 EVs in North America by 2030, but is well aware that things could change based on demand and market changes. “When I look at the data from January, the (EV) segment continues to grow,” Pablo Di Si, Head of VW North America, told Reuters today.

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Electric Vehicles India

NOVEMBER 1, 2021

Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles . Yamaha Motor and Hero Motors Limited have signed an agreement that they will jointly establish a company to manufacture hub-mounted drive units for electric bicycles. This funding will be used for North American and European production.

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Baua Electric

JANUARY 3, 2024

As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place. More on that below.

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Teslarati

JUNE 7, 2023

Buzz will arrive in North America next year, and the German automaker wants to ensure its arrival runs smoothly. Volkswagen of America CEO Pablo Di Si warned dealers ID. The VW of America CEO revealed discussions with dealers about the ID. Buzz deliveries in North America by 2024. Buzz price markups.

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EV Life

OCTOBER 7, 2023

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Baua Electric

APRIL 25, 2024

Syrah Resources , an industrial minerals and technology company, has become an integrated natural graphite active anode material (AAM) supplier outside China, processing natural graphite from Syrah’s Balama Graphite Operation in Mozambique.

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Teslarati

NOVEMBER 9, 2023

At the Reuters Events Automotive USA 2023 conference in Detroit, Senior VP and Head of Strategy at Volkswagen Group of America Reinhard Fischer said that Volkswagen will do exactly that. Some EVs have only qualified for half of that amount because they are not completely assembled in North America. I’d love to hear from you!

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Teslarati

JUNE 20, 2023

Tesla stock ( NASDAQ: TSLA ) popped more than 3 percent on Tuesday after news of its collaboration with Rivian ( NASDAQ: RIVN ), which will see the latter automaker adopt the former’s North American Charging Standard (NACS) for its vehicles. Access starts as soon as Spring 2024,” the company said.

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Charged EVs

SEPTEMBER 22, 2022

The recent passage of the Inflation Reduction Act—a sweeping package of tax, health care and climate measures—was like the happy ending to one of those heartwarming “Save Christmas” stories. The revamped tax credit scheme is clearly a great improvement over its predecessor. Unpacking the Inflation Reduction Act.

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Teslarati

FEBRUARY 15, 2024

The IRA has struck requirements on sourcing minerals for EV batteries, significantly affecting the number of electric vehicles that qualify for tax credits. LGES’s plant in Arizona will play a crucial role in North America’s supply chain. The South Korean company is a longtime Tesla supplier.

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Teslarati

JANUARY 29, 2024

The South Korean company reported a steady increase in consolidated revenue to KRW 33.7 The LGES’ earnings report showed that the company’s consolidated revenue increased by 31.8% This positive trend was partially fueled by tax credits from the U.S. Excluding the tax credit: Operating profit would be KRW 88.1

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The Truth About Cars

DECEMBER 28, 2023

That said, the company is owned, in part, by the Chinese government, making it unclear if anything related to JAC will make its way to North America. Yiwei, a new brand for the automaker in 2023, announced a 157-mile EV, but it’s hardly a car Americans are known to flock to, as it’s a tiny five-door hatch.

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Teslarati

APRIL 25, 2023

The South Korean companies invested $5 billion in Bartow Country, Georgia, to build the EV battery plant. Each company is taking a 50% stake in the Georgia battery facility. US battery guidance might slash IRA EV Tax credits Hyundai will use the cells to produce Hyundai, Kia, and Genesis EV models within the United States.

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Teslarati

MAY 18, 2024

“Every Demo/Previous-Demo Tesla has passed an internal inspection and may undergo light repairs to be prepared for sale,” the company writes. Credit: Tesla Credit: Tesla Tesla began offering demo drives for the newly refreshed Model 3 in January, shortly after debuting the vehicle design in North America for the first time.

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Teslarati

JANUARY 11, 2024

The company also shared its intention to expand retail operations in North America and Europe. IRA EV tax credits winning over more auto dealers in 2024 During CES 2024, Henrik Fisker told Automotive News that the electric vehicle (EV) manufacturer intends to sign with 50 car dealerships by the midyear.

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Teslarati

JANUARY 21, 2024

” The statement also details the Biden administration’s notice of intent to propose regulations related to the 30C tax credit, recommending definition changes that would give around two-thirds of Americans access to up to 30 percent off on charging equipment.

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Baua Electric

FEBRUARY 8, 2024

We’re going to see nickel demand double or triple over the next 10 years as we gear up battery production here in North America,” Mark Selby, chief executive of Canada Nickel, told CBC News in an interview. Volkswagen just and its battery company PowerCo are building a gigafactory for cell manufacturing in St.

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Teslarati

AUGUST 24, 2022

Also, the recently signed Inflation Reduction Act encourages automakers—legacy and startup alike—to secure supply chains in North America. . It also includes a Canadian office for VW’s PowerCo , its battery company. The law introduces a new system of EV tax credits with a specific set of requirements.

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Baua Electric

APRIL 30, 2024

Profit after tax ( PAT) was at INR 517 crore with a margin of 16.3% and YoY growth of 31%, the company said. Profit after tax (PAT) was at INR 517 crore with a margin of 16.3% and YoY growth of 31%, the company said. For Q4 of FY 24, the company recorded a revenue of INR 885 crore with 19% YoY growth. and 30% YoY.

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Baua Electric

JANUARY 8, 2024

After calling off beats with GM to “beat out Tesla” with a cheap SUV, it has now emerged with news that it is mulling over a $14 billion EV and battery plant in Canada. The company is expected to decide sometime this year, with production beginning in 2028. Thomas, Ontario, with production starting in 2027.

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Baua Electric

APRIL 1, 2024

battery-supply deal with China’s CATL, Car News China reports. The deal reportedly being discussed would bring that partnership to North America in the form of a joint battery plant located in either the U.S. General Motors is negotiating a U.S. Japanese and Korean firms currently control 80% of the market.

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Teslarati

APRIL 18, 2023

While these tax incentives were previously reasonably straightforward, with the passing of the Inflation Reduction Act, things got a lot more complex, requiring EVs to be manufactured in North America (among other requirements) to qualify for incentives. If you have news tips, email us at tips@teslarati.com !

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Clean Fleet Report

MARCH 2, 2023

News: 2023 Genesis Electrified GV70 AWD First Genesis Built in the U.S. The 3,800 team members, as Hyundai calls them, are building the all-new 2023 Genesis Electrified GV70 that joins electric models of the GV60 EV and the Electrified G80 , both of which are assembled in South Korea. Story by John Faulkner.

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Teslarati

NOVEMBER 9, 2022

A bill has been introduced in the Senate called the “Affordable Electric Vehicles for America Act” that would dramatically alter the Inflation Reduction Act’s EV incentives requirements. In the current Inflation Reduction Act, companies would be required to use an ever higher percentage of U.S.-sourced The post U.S.

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Teslarati

OCTOBER 24, 2023

LG Energy Solution (LGES) recently announced that its battery facility in Arizona will become a key production hub for 46-series cylindrical cells in North America. The Korean battery supplier’s operating profit included the estimated IRA tax credit amount of KRW 215.5 billion with a margin of 6.3%.

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