article thumbnail

LG Chem signs $19 billion battery deal with GM

Teslarati

The materials will be produced at the company’s Tennessee factory starting in 2026. Jeff Morrison, GM’s VP of Global Purchasing and Supply Chain, noted in a statement that the deal with LG Chem will help the company obtain the resources it needs to broaden its EV plans. The deal is worth 24.7 1 automaker in the U.S.,”

GM 113
article thumbnail

Miami commits to putting 100 electric school buses on the road

Baua Electric

The awards, which are made possible through President Biden’s “Investing in America” agenda, will help selected districts purchase clean school buses and install supporting charging infrastructure. Orange County Public Schools has been selected to receive $5,000,000 to purchase ~20 clean school buses.

Miami 52
article thumbnail

Volkswagen ID.4 with SK ON battery components eligible for full $7,500 tax credit in 2024

Teslarati

Hyundai & Kia take second place after Tesla in US EV sales Customers interested in purchasing a MY 2023 or MY 2024 ID.4 This is great news for consumers in the U.S. 4 in Tennessee and invest even further in battery production, components, and innovation. Only VW ID.4 Volkswagen ID.4 4 EVs with LG batteries do not qualify.

article thumbnail

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

Teslarati

As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning.

Ford 98
article thumbnail

GM delays Chevy Bolt EV production halt to late January: Report

Teslarati

GM aims to open the Lordstown plant next year and the Tennessee battery factory by 2023. The battery plant in Tennessee will be using less-expensive battery chemistry than the one used in Lordstown. The battery factories cost $2.3 billion each and are expected to have a production capacity of about 35 gigawatt-hours.

GM 136
article thumbnail

Nissan Leaf regains tax credit access, now starts at $24,400

Baua Electric

The Leaf, which is built in Tennessee, has gained it a lost it twice since the tax credit reform was put in place last year. federal EV tax credit provided that the customer meets all purchase and income qualifications for the EV tax credit as outlined in Internal Revenue Code Section 30D.

article thumbnail

GM says equipping the next-gen Chevy Bolt EV with LFP batteries will save billions – Charged EVs

Baua Electric

GM will soon launch production at additional battery facilities in Tennessee and Michigan. GM says switching to the cheaper LFP batteries, combined with economies resulting from recycling the Bolt rather than developing a brand-new model, will deliver big savings. “Our

GM 52