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Toyota invests more in the United States for battery & BEV production

Teslarati

The veteran automaker plans to invest more in its North Carolina battery plant in preparation for a new battery-electric SUV. Toyota’s electric SUV will be assembled in the United States, qualifying for the Inflation Reduction Act’s (IRA) electric vehicle (EV) tax incentives. billion in the North Carolina-based facility.

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VinFast Announces New U.S. Dealers Across Several States

The Truth About Cars

VinFast’s North Carolina factory will be up and running by next year and is expected to start production by the end of 2025. If the automaker meets other requirements for federal tax incentives, the domestic output would qualify its vehicles for up to $7,500 in credits at the time of sale.

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Report: Toyota To Build Subaru Three-Row EV in Kentucky

The Truth About Cars

Its Kentucky facility is getting a multi-million-dollar retooling to support EV production and will eventually source batteries from another Toyota plant in North Carolina. Subaru’s EV strategy involves four new crossovers by 2026, so this report jives with that timeline. Neither automaker’s current EVs are eligible for U.S.

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VinFast Went Public and Quickly Exceeded Legacy Automakers' Valuations

The Truth About Cars

Automotive News pointed out that many fizzled out after a few days when the buzz dies down. Despite that, the automaker has shipped its first units to customers here and is moving forward with its factory in North Carolina. It’s worth pointing out that these launches don’t typically continue their ascent.

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Toyota and Redwood Materials partnership takes the next step

Teslarati

Now, their partnership is taking the next step, as Toyota will source cathode active materials and anode copper foil from Redwood at the automaker’s upcoming North Carolina battery manufacturing plant. While this qualifies EVs for a portion of the $7,500 EV tax credit, it won’t in the coming years.

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Virginia could make almost $5B from this 3.5 GW offshore wind farm

Baua Electric

(Hampton Roads is the Virginia Beach–Norfolk–Newport News, VA–NC metropolitan region.) Kitty Hawk Wind’s power grid interconnection would bring in $275 million in cumulative property tax revenue for its host, the City of Virginia Beach. GW offshore wind farm appeared first on Bauaelectric Auto News. Get started here. –

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The 2024 Chevy Blazer EV has a quirky $4k discount for Tesla drivers

Baua Electric

The $4,000 discount applies to both 2024 Chevy Blazer EV leases and purchases and according to CarsDirect, it can be stacked with other deals, such as the $7,500 tax credit and the $1,000 Costco member-only incentive. The post The 2024 Chevy Blazer EV has a quirky $4k discount for Tesla drivers appeared first on Bauaelectric Auto News.

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