Teslarati

MARCH 29, 2023

The United States Department of Treasury’s battery sourcing guidance might slash EV Tax credits from the Inflation Reduction Act (IRA). The Treasury will release the battery guidance for the IRA EV tax credits this Friday, April 1, 2023.

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Electrek

DECEMBER 19, 2022

The United States Treasury department announced it will delay its guidance in regard to the sourcing requirements for battery materials in order for EVs to qualify for federal tax credits. The post US Treasury delays EV battery guidance, more vehicles could qualify for 2023 tax credits appeared first on Electrek.

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Teslarati

JULY 12, 2023

Tesla has updated the Model 3 sedan’s landing page with a new message about the all-electric sedan and its eligibility for the US Inflation Reduction Act’s (IRA) federal tax credit. As per the EV maker, reductions to the Model 3’s federal tax credit will likely take effect after December 31, 2023.

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Teslarati

MARCH 29, 2023

Tesla published a notice on the Model 3 RWD’s configurator page, informing buyers that its EV tax credits will reduce by March 31. The Tesla Model 3 RWD will be affected by the US Treasury’s battery guidance for the Inflation Reduction Act’s (IRA) $7,500 EV tax credits.

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Teslarati

MARCH 31, 2023

The IRS has updated its guidance relating to the Inflation Reduction Act’s (IRA) tax credit that applies to electric vehicles, with new rules coming into effect on April 18. You can also reach me on Twitter @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com. I’d love to hear from you!

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Teslarati

JULY 4, 2022

As recently corroborated by the veteran Japanese carmaker, it has already crossed the 200,000-unit cap for the United States’ $7,500 tax credit for hybrid and all-electric vehicles. Don’t hesitate to contact us with news tips. Just send a message to simon @teslarati.com to give us a heads up.

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Electrek

SEPTEMBER 20, 2022

Kia will start producing electric vehicles in the United States starting in 2024 in order to qualify for new EV tax credits in the Inflation Reduction Act , according to Korean news outlets Maeli Business News and SBS.

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Teslarati

JANUARY 12, 2023

Tesla’s aggressive sales strategy has been implemented in the United States. With these price adjustments in place, Tesla has ensured that the Model Y Long Range would qualify for the Inflation Reduction Act’s $7,500 federal tax credit. Wow, Tesla just announced massive price drops in the US across the board.

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Teslarati

APRIL 17, 2023

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. Fleet customers including for BrightDrop and the Chevrolet Silverado EV will benefit from the $7,500 commercial incentive,” stated General Motors. The Ultium line will likely adhere to the U.S.

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Teslarati

MAY 31, 2023

Toyota is taking the leap and investing more in the United States. The veteran automaker plans to invest more in its North Carolina battery plant in preparation for a new battery-electric SUV. The new SUV will be Toyota’s first battery electric vehicle (BEV) assembled in the United States.

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Electrek

NOVEMBER 1, 2022

The European Union has asked the United States to include EVs, batteries, and other sustainable products sold on US soil in federal tax credits, similar to benefits it currently offers its North American neighbors. According to a recent report, the US and EU are in discussions about what’s possible.

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Teslarati

APRIL 5, 2023

Tesla will be receiving lithium supplies from Quebec, giving it an edge in meeting the Inflation Reduction Act’s battery requirements for EV tax credits. Treasury Department released stricter battery requirements for EV tax credits under the Inflation Reduction Act (IRA).

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Teslarati

AUGUST 7, 2023

Used Teslas will now qualify for the $4,000 tax credit through the Inflation Reduction Act (IRA) that is applicable for electric vehicles (EVs), Plug-In Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs). However, there is one tough yet significant hoop to jump through for a used Tesla to qualify for the credit.

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Electrek

APRIL 11, 2022

According to recent comments from Toyota North America, the automaker expects to surpass the 200,000 vehicle threshold for EV sales sometime this summer, disqualifying itself from any additional tax credits in the United States under current legislation.

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The Truth About Cars

APRIL 17, 2023

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. Image: Jan Hendrik/Shutterstock] Become a& TTAC& insider.

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Baua Electric

MAY 3, 2023

Kia The united states will incline aggressively into an Inflation Relief Office provision that permits it to go ailing a $7,500 federal incentive to electrical automobile shoppers who choose to hire as opposed to purchase, in line with Eric Watson, the automaker’s gross sales leading. Watson stated. now to 30 to 40 p.c,

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Blink Charging

FEBRUARY 23, 2023

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. It does not act as a rebate (until 2024).

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EV Life

OCTOBER 7, 2023

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Teslarati

MAY 31, 2023

LG Energy Solutions (LGES) and Hyundai teamed up to build a battery cell manufacturing plant in the United States. The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit. Each company holds a 50% stake in the joint venture for the U.S.-based

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Baua Electric

JUNE 12, 2023

“My comment is simple: Follow the law,” he wrote in an 11-page letter to Treasury, explaining that the tax credit score’s objective is “no longer to promote the purchase and use of [EVs] … but to promote reliable domestic supply chains for the critical minerals and battery components” had to energy them.

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Teslarati

FEBRUARY 5, 2024

That is, at least, unless one takes into account federal tax credits in the United States. With the IRA’s federal tax credit in place, the Model Y could effectively be more affordable than the Model 3 in the United States. Don’t hesitate to contact us with news tips.

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Baua Electric

JANUARY 31, 2024

This year, Tesla’s cheapest cars, the Model 3 compact sedan, lost tax credits for the purchase of EVs under the Inflation Reduction Act. Tesla is expanding its battery facility in Sparks, Nevada to bring the supply chain for cheaper lithium iron phosphate batteries (LFP) to the United States, Bloomberg News reported on Wednesday.

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Teslarati

APRIL 19, 2024

The reengineered Tesla Model 3 , which was launched in the United States last January, was not affected by the recent round of price cuts. Interestingly enough, the Model X Dual Motor AWD qualifies for federal tax credits, so customers could acquire the vehicle for $70,490 after incentives are applied.

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Green Car Reports

NOVEMBER 7, 2022

Subaru is unlikely to follow other automakers in moving EV production to the United States to align with new tax-credit rules, according to a recent Automotive News report. And the automaker is blaming, among other things, McDonald's. The recently passed Inflation Reduction Act (IRA) makes U.S.

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Teslarati

APRIL 26, 2024

The most affordable Quicksilver Model Y is a Long Range Dual Motor AWD with black interior that’s priced at $49,990 or $42,490 after the federal tax credit. That’s a pretty good deal for a Model Y, especially in the United States where Quicksilver is still a very rare color.

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Teslarati

APRIL 11, 2024

Ford has launched a new program called Tesla Competitive Conquest Bonus Cash, which will give owners of the United States’ most popular EV brand a discount on the F-150 Lightning. You can also reach me on Twitter @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com.

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The Truth About Cars

MARCH 28, 2024

Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. That said, there is still the matter of Chinese tariffs, which can add thousands to the price of a new EV as it enters the United States.

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The Truth About Cars

MARCH 8, 2024

4 range, it remains the only European EV that qualifies for federal tax credits in the United States. VW started building the SUV in Tennessee and sources batteries from SK On, giving the vehicle full access to the $7,500 credit. The new model is also expected to qualify.

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The Truth About Cars

MARCH 6, 2024

Tesla might not be the most dominant EV maker in the world, but it’s on top of the market here in the United States. BMW is hoping to take some of the shine off of Tesla’s crown with a new incentive that gives buyers a $1,000 discount to buy one of its new EVs. Image: BMW] Become a& TTAC& insider.

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Teslarati

JANUARY 29, 2024

This positive trend was partially fueled by tax credits from the U.S. billion KRW from the IRA tax credit, which grew 16% from the previous quarter due to a solid performance from LGES factories in the United States. Excluding the tax credit: Operating profit would be KRW 88.1 billion, a 53.7%

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Electrek

MARCH 28, 2023

The United States and Japan have struck a trade deal for battery minerals, according to Reuters. This deal could potentially allow Japanese electric cars greater access to US EV tax credits in the Inflation Reduction Act.

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Baua Electric

MARCH 28, 2024

Suniva says the catalyst for the pairing was solar project owners and developers wanting their projects to qualify for the 10% Domestic Content Bonus Investment Tax Credit. Now, though there remain significant challenges, Inflation Reduction Act tax credits are helping change the game.”

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The Truth About Cars

APRIL 19, 2023

Though it’s now cheaper to buy a new Tesla Model 3 or Model Y, some are eligible for federal tax credits, making them even more appealing. Some Model 3s are only eligible for half the credit because of battery materials sourcing rules, but the automaker’s domestic battery production efforts and large U.S.

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Teslarati

SEPTEMBER 17, 2022

This contradicts reports earlier this week that Tesla was delaying battery production in Germany with intentions to prioritize cell manufacturing in the United States, which would help the automaker benefit from recent government incentives. German Minister responds to reports of Tesla’s alleged updates to Giga Berlin battery plans.

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Teslarati

JUNE 20, 2023

Tesla stock ( NASDAQ: TSLA ) popped more than 3 percent on Tuesday after news of its collaboration with Rivian ( NASDAQ: RIVN ), which will see the latter automaker adopt the former’s North American Charging Standard (NACS) for its vehicles. Tesla shares popped over 3 percent on the news as of midday trading.

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Teslarati

FEBRUARY 1, 2024

“Our exploration team’s sole focus is to discover more high-grade nickel deposits in the United States. Within the mineral sourcing requirements of the Inflation Reduction Act’s electric vehicle tax credits, minerals sourced domestically enjoy the highest level of preference under the law.

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Teslarati

OCTOBER 24, 2023

The Korean battery supplier’s operating profit included the estimated IRA tax credit amount of KRW 215.5 The increase in LGES’ IRA tax credit amount was attributed to production and sales improvements thanks to the company’s ramped-up capacity in the United States.

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