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NOVONIX to receive $103 million in tax credits to support production of critical battery materials in Tennessee. – Charged EVs

Baua Electric

Battery materials and technology company NOVONIX has been selected to receive a $103-million tax credit under section 48C of the Qualifying Advanced Energy Project Allocation Program, to support production of critical battery materials at its Riverside facility in Chattanooga, Tennessee.

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The Nissan Leaf is Eligible for a $3,750 Tax Credit Again

The Truth About Cars

The automaker announced that the car has regained eligibility for federal tax credits, though for only half of the maximum $7,500. With the credit, the Leaf starts in the mid-$25,000 range, extending its lead as the cheapest EV on sale. has a free-trade agreement.

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

Teslarati

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 units with batteries from SK On qualify for federal tax credits. 4 EV may choose to apply the tax credit as a down payment for the vehicle. The 2023 ID.4 Only VW ID.4

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2024 Volkswagen ID.4 82 kWh model qualifies for full federal tax credit

Teslarati

4 82 kWh model qualifies for the Inflation Reduction Act’s (IRA) full federal tax credit. 4 models with SK On components are eligible for the full $7,500 federal tax credit because the updated VW ID.4’s 4’s battery pack will be assembled in Chattanooga, Tennessee. The 2024 Volkswagen ID.4 Volkswagen ID.4

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GM expects Chevrolet Silverado EV to get full $7,500 tax credit

Teslarati

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. If it does, the Silverado EV will qualify for the IRA’s full $7,500 EV tax credit. GM issued a list of electric vehicles in its lineup that would qualify for the full EV credit.

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2023-2024 VW ID.4: Most eligible for full $7,500 EV tax credit

Baua Electric

4 electric crossovers on sale now are eligible for the full $7,500 federal EV tax credit, VW confirmed Wednesday in a press release. VW notes in the release that it’s the first foreign automaker to qualify under tightened rules relating to battery supply that took effect at the start of the year. 2024 Volkswagen ID.4

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Urbix and SK On in joint development agreement for high-performance anode materials

Green Car Congress

For SKO, this agreement reinforces a local supply chain for battery anode materials in the US, helping customers take advantage of the provisions of the “Inflation Reduction Act” (IRA). This unique Urbix method is agnostic to raw graphite source enabling a highly resilient EV anode supply chain.