The Truth About Cars

MAY 4, 2023

Though their electric vehicle lines are among the most compelling new zero-emissions models, Kia and Hyundai’s EVs don’t currently qualify for federal tax credits because of where they’re built. Both are working toward bringing EV production to the U.S., Image: Kia] Become a& TTAC insider.

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Teslarati

NOVEMBER 4, 2022

Japan, South Korea, France, Germany, and the EU have all requested exemptions from the Biden Administration’s “location of assembly” requirement for electric vehicle subsidies. However, the global backlash regarding EV tax incentives has been fierce. If you have news tips, email us at tips@teslarati.com !

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The Truth About Cars

MARCH 7, 2024

InsideEVs reported that X/Twitter users have been sharing screenshots of leaked documents from South Korea that appear to show a new Model 3 variant with a possible 412-horsepower rear motor. At the same time, the new car lost tax credit eligibility and its place as a compelling, affordable EV as a result.

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Baua Electric

MAY 1, 2024

Exide’s standalone profit after tax rose 36.6% Earlier this month, South Korea’s Hyundai Motor and Kia Corp partnered with Exide Industries ‘ unit Exide Energy Solutions to supply batteries for their EVs. Exide’s standalone profit after tax rose 36.6% from a year ago to 2.84 from a year ago to 2.84

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Baua Electric

FEBRUARY 29, 2024

Hyundai was recently spotted testing a Lucid Air electric sedan in South Korea, suggesting a high-end Hyundai EV could be in the works. Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) Hyundai is “pulling ahead” to gain access to the $7,500 federal EV tax credit. It could be.

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The Truth About Cars

AUGUST 23, 2023

As Automotive News pointed out, the shift is likely tied to Kia’s electrification ambitions. Kia currently builds the EV6 in South Korea and needs a North American manufacturing location for its vehicles to qualify for federal tax credits. Average vehicle purchase prices in the U.S.

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The Truth About Cars

APRIL 16, 2024

The new model will join several hybrids also in development, along with at least on South Korea-only model expected to debut at the same time as the EV3. Get the latest& news, features,& TTAC& takes, and everything else that gets to the truth about cars first by subscribing to our& newsletter.

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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

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. The South Korean company is a longtime Tesla supplier. Recently, LGES announced plans to start 4680 production in South Korea by summer 2024.

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Baua Electric

FEBRUARY 2, 2024

The Iveco-badged electric van will be Hyundai’s first export to use its new EV platform. Hyundai is building a new all-electric van for Iveco Hyundai revealed the news at a signing ceremony at its headquarters in Seoul, South Korea. The deal is part of a broader partnership established in March 2022.

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Baua Electric

JANUARY 22, 2024

India has still to decide whether to cut import taxes on EVs under a proposed policy for carmakers that commit to local manufacturing, something that could ease Tesla’s entry into the market, a top government official told Reuters.

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Baua Electric

SEPTEMBER 26, 2023

That challenge won a$10 million MEDC provide in addition to a trait tax decline from the town of Auburn Hills and a 6-mill Surrounding Schooling Tax decline. with world headquarters in Yongin, South Korea. .” Samsung SDI moved into its Auburn Hills location in 2019, making an investment $62.7

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Teslarati

MAY 8, 2022

Tesla shifted its other workers from India to focus on the APAC unit, including Australia, New Zealand, South Korea, and Taiwan. . According to the The Economic Times , India places a 60% import duty tax on electric vehicles priced $40,000 or lower and 100% import duty tax on EVs priced higher than $40,000.

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Green Cars News

APRIL 29, 2013

The UK has been named as one of the best for driving sustainable changes by adapting tax regimes, according to a new survey by KPMG. We join the US, Japan, France, South Korea and China as some of the best countries for encouraging environmentally-considerate behaviours through taxes. Latest news green tax'

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Baua Electric

MARCH 14, 2024

The recall in Korea is set to begin on March 18. The news comes after Hyundai introduced a new trade-in program in its home market, offering new discounts to encourage drivers to switch to electric vehicles. The post Hyundai and Kia recall 170,000 EVs in Korea over software glitch, is the US next?

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Baua Electric

APRIL 28, 2024

SK Innovation, which also owns South Korea’s top refiner SK Energy, said it expects solid refining margins to continue in the second quarter backed by firm demand. The company posted an operating profit of 625 billion won (USD 454 million) for the January-March period, versus a 375 billion won profit a year earlier. .

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Baua Electric

FEBRUARY 1, 2024

Kia is building the EV9 in South Korea, but production is slated to move to its West Point, GA, plant early this year to take advantage of the federal tax credit. For now, Kia continues offering the $7,500 EV tax credit through leasing. You can use our link to find the best deals on the 2024 Kia EV9 at a dealer near you.

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Teslarati

JANUARY 17, 2023

As many companies and governments alike have rushed to establish battery production locations, many in the United Kingdom had hoped that its domestic Britishvolt battery producer would be their answer to Tesla in the United States, Northvolt in Sweden, LG in South Korea, Power Co. in Germany, and countless others. The post U.K.

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Baua Electric

MARCH 4, 2024

Ahead of its official debut, a person familiar with the matter told Automotive News that Hyundai plans to call its first three-row SUV the IONIQ 9 rather than the IONIQ 7, as expected. Hyundai is expected to debut the IONIQ 9 at the Busan International Motor Show (BIMOS) in South South Korea on June 27, 2024.

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Teslarati

OCTOBER 7, 2022

Indian automakers are finally set on proposing the idea of budging on import duties that would allow foreign automakers to sell cars in the market for a reduced tax. “The message from Goyal was clear – if companies don’t come up with a proposal on lowering taxes, the government will do it for them,” the source said.

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Baua Electric

JANUARY 28, 2024

Australia’s resources minister has begun a week long trip to South Korea and Japan to discuss gas exports and critical minerals opportunities, as its government on Monday released a “prospectus” of 52 investment ready critical minerals projects.

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Baua Electric

MAY 12, 2023

OTTAWA — Stellantis and South Korea’s LG Power Resolution (LGES) are enforcing “contingency plans” homogeneous to a more-than $5-billion battery plant funding in Canada since the federal govt has no longer delivered on its guarantees, a Stellantis spokesperson stated Might 12. Thomas, Ontario.

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Teslarati

JUNE 21, 2023

While there have been rumors of deep talks in Spain , numerous meetings with French government officials, and heavy speculation regarding a relationship with Canada, Indonesia, and South Korea, it is becoming overwhelmingly clear that all signs are pointing toward India, a location where Tesla has mulled a factory for several years.

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Baua Electric

MAY 15, 2023

OTTAWA — Stellantis and South Korea’s LG Power Resolution are enforcing “contingency plans” similar to a more-than $4-billion battery plant funding in Canada since the federal govt has now not delivered on its guarantees, a Stellantis spokesperson stated. The government has dedicated to lend as much as C$13.2

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The Truth About Cars

MAY 18, 2023

The good news here is that the dash looks uncluttered and that lends an airy feeling to the cabin. Yes, EVs tend to be a bit more costly than similarly sized internal-combustion engine cars because the tech is relatively new and costs a bit more to build. Most cabin materials also feel price appropriate. 4 not sporty enough.

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Baua Electric

MAY 2, 2024

Treasury Department could issue clarifications on federal EV tax-credit eligibility rules as early as Friday, reports Transport Topics. does not have friendly trade relations with would not qualify for a $7,500 federal tax credit. does not have friendly trade relations with would not qualify for a $7,500 federal tax credit.

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Baua Electric

MAY 3, 2024

In a coordinated push through federal agencies, the Biden administration on Friday released a revised set of regulations applying to the EV tax credit that will ultimately make the credit easier to claim for a wider range of vehicles in 2025 and 2026 but no easier for Chinese companies to gain a foothold on the market.

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Teslarati

SEPTEMBER 2, 2022

President Biden’s new electric vehicle incentive system is now under review following a formal complaint from South Korean officials. Foreign and domestic automakers were quick to criticize the electric vehicle tax incentive system found within the Inflation Reduction Act. According to Reuters , the U.S.

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Teslarati

DECEMBER 3, 2021

The $12,500 electric vehicle tax credit proposed in President Joe Biden’s “Build Back Better” plan is being labeled as “discriminatory” by Mexican Economy Minister Tatiana Clouthier, who said the country is analyzing legal recourse and other actions, including potential tariffs against the United States.

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Teslarati

NOVEMBER 9, 2022

Under the current Inflation Reduction Act (IRA), electric vehicles only qualify for federal tax incentives if assembled within North America. Most notably, leaders from France, Germany, the EU , South Korea, and Japan have called for the U.S. If you have news tips, email us at tips@teslarati.com ! However, Senate bill S.

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Teslarati

FEBRUARY 15, 2023

As such, I write to request a Committee on Foreign Investment in the United States (CFIUS) review of the licensing agreement, as well as demand that no federal funds – especially monies or tax credits granted via the Inflation Reduction Act (P.L. If you have news tips, email us at tips@teslarati.com ! What do you think of the article?

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Baua Electric

OCTOBER 11, 2023

Consumers in search of EV tax credit might need to extend their acquire. The primary bundle of EV9s will likely be inbuilt South Korea however Kia plans to advance manufacturing later generation to its plant in West Level, Georgia.

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Baua Electric

JANUARY 3, 2024

The first models come from South Korea, but that’s set to change by mid-2024 with the arrival of U.S.-built That leads to the final point: The EV9 is expected at that time to be eligible for at least some of the EV tax credit. The post Kia EV9: Green Car Reports Best Car To Buy 2024 appeared first on Bauaelectric Auto News.

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Baua Electric

MARCH 30, 2024

And that’s for China-built versions; those assembled in South Korea will arrive a bit later. And China has filed a complaint with the WTO over the Biden administration’s EV incentive policy, which seeked to block EVs with battery components or raw materials sourced from China from getting incentives—specifically the EV tax credit.

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Clean Fleet Report

JANUARY 23, 2024

Light RWD $56,395 Light Long Range RWD $60,695 Wind AWD $65,395 Land AWD $71,395 GT-Line AWD $75,395 The first 2024 EV9 models are being built in South Korea and do not qualify for the federal $7,500 tax credit and individual state programs, unless you lease, which mean you will. Story by John Faulkner.

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The Truth About Cars

MAY 8, 2024

Hyundai Motor reportedly plans on using preexisting investments slated for its new EV facility in Georgia to pivot toward hybrid vehicles, as all-electric models haven’t seen the kind of adoption rates that would warrant an entire factory — let alone the plant that will become its largest outside of South Korea.

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Cars That Think

DECEMBER 18, 2022

China, the European Union, Japan as well as the UK and South Korea all have announced the same intention. For example, the UK will stop the sales of new diesel and petrol-fueled cars and vans from 2030 on. Each has set their own environmental policies to push their respective countries towards transition to EVs at scale.

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