article thumbnail

Foxconn brings EV battery production to two U.S. states

Teslarati

Foxconn, the iPhone manufacturer that bailed out Lordstown Motors from bankruptcy, announced that it would build electric vehicle batteries in Wisconsin and Ohio on Thursday, hoping to take advantage of the Inflation Reduction Act that incentivizes domestic cell manufacturing. We saw the opportunities in developing battery-related capacity.

Wisconsin 114
article thumbnail

Route Zero Relay Kicks Off EV Road Trip

Electric Auto Association

We're doing our part, as the EVA and other associations are committed to hosting more than 300 EV events in 2023. Find the Most Up-to-Date EV Tax Credit Guide The IRA federal EV tax credit has numerous battery material and domestic manufacturing requirements. See more on the EV fact sheet.

article thumbnail

GM invests $356M in Flint, Saginaw and Grand Rapids engine/component operations; commits to $1B investment in Michigan by 2030

Green Car Congress

The Michigan investment announcements come on the same day as an amended agreement between GM and the Michigan Strategic Fund under the Michigan Economic Growth Authority (MEGA) tax credit program. As part of the amended agreement, which was approved by the Michigan Strategic Fund today, GM will invest $1 billion in Michigan by 2030.

Michigan 150
article thumbnail

Honda, Acura neatly situated in 2023, says American Honda’s Mamadou Diallo

Baua Electric

Development the hybrid quantity is a part of our electrified technique as we transition those homeowners to our past [battery-electric] fashions. This may be why the EV tax credit score is an impressive software for electrification — to build EVs inexpensive and spur adoption. to transition to creating EVs.

Acura 52
article thumbnail

Profile: Farmers Ethanol: Focusing on Sustainable Corn Ethanol Production and a Triple Bottom Line

Green Car Congress

Finally, they believe that during the launch and operation of their business, located in Appalachian Ohio, they will bring economic opportunity to a rural community that has been struggling financially over the last several decades. We can make our facilities custom tailored for a site, corn in Ohio, it might be sorghum in Texas.

article thumbnail

ARB Staff Posts Expert Review Reports of the ZEV Technical Analysis

Green Car Congress

David Greene, Corporate Fellow, Oak Ridge National Laboratory; Dr. Joan Ogden, Professor and Research Director, University of California, Davis; and Dr. Giorgio Rizzoni, Professor and Research Director, Ohio State University—were invited to provide independent scientific advice on the ZEV documents released by staff on 25 November 2009.

Hydrogen 170
article thumbnail

U.S. Passes Landmark Law to Fund Semiconductor Manufacturing

Cars That Think

The CHIPS and Science Act , provides about $52 billion over 5 years to grow semiconductor manufacturing and authorizes a 25 percent tax credit for new or expanded facilities that make semiconductors or chipmaking equipment. Twenty-five percent [tax credit] means we’re in it to win.” —Ian Ian Steff, former U.S.