Remove News Remove North Carolina Remove Tax Remove Tax Credit
article thumbnail

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.

Dealers 98
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

Toyota 115
article thumbnail

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.

El Paso 52
article thumbnail

Toyota will assemble Subaru 3-row EV in Kentucky, resources say

Baua Electric

The general meeting location and battery sourcing would possibly permit each automobiles to qualify for the total $7,500 federal tax credit score for purchases underneath the Inflation Aid Business, which neither the bZ4X or Solterra do. which is scheduled to start out manufacturing in 2025. Toyota has introduced investments of $5.9

article thumbnail

Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits. You can also reach me on Twitter @Christi86567288 , or if you have news tips, you can email us at tips@teslarati.com. ” I’d love to hear from you!

Ford 98