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.
Green Car Congress
DECEMBER 1, 2021
Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.
Green Car Congress
OCTOBER 13, 2022
The most notable new policies include the US “Inflation Reduction Act”, legislation providing more than $369 billion in funding for clean technologies, and the European Union’s REPowerEU plan, which sets ambitious targets to reduce reliance on gas from Russia.
Teslarati
OCTOBER 5, 2022
Automakers across the EV manufacturing industry have been forced to adjust prices and vehicle lineups due to the increased cost of materials and supply chain deals. Rivian was forced to push prices upward due to materials costs soaring after Russia’s invasion of Ukraine, and these examples are just two of many. .
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. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?
Blink Charging
APRIL 6, 2023
With this increase in demand came an equally steep rise in the price of the metals used in the manufacturing of EV batteries – particularly lithium – which the IEA’s report says is a significant challenge to the EV industry. The federal US government has expanded its electric vehicle tax credits for new and used EVs.
Teslarati
DECEMBER 12, 2023
Tesla updated its configuration page recently, informing customers that select Tesla Model 3 variants will not qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit in 2024. The Tesla Model 3 Rear-Wheel Drive (RWD) and the Long Range variant qualify for the IRA’s $7,500 tax credit until December 31, 2024.
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