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China and EV tax credit, EV affordability and battery materials, 2024 finalists: Today’s Car News

Green Car Reports

Fewer EVs with connections to China may soon be tax-credit-eligible. EVs still make up a tiny portion of the non-luxury market, yet a plunge in the raw materials needed for EV batteries could make them more affordable. And which of this year’s new EVs are the best? This and more, here at Green Car Reports.

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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 starts with an MSRP of $38,995 for the Standard variant, which has a 62 kWh battery and an EPA-estimated range of 209 miles. 4 with two battery and powertrain options. The 2023 ID.4

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Nissan and Toyota EV tax credit, Stellantis-LG battery plant, cobalt and EV affordability: Today’s Car News

Green Car Reports

The parent company of Jeep, Ram, Dodge, and Chrysler teams up with LG for a battery plant in Canada. decisions over resource control—may lead to EV-affordability issues. Toyota and Nissan are introducing more EVs just in time for buyers to claim the full EV tax credit. We look at how cobalt prices—and some bad U.S.

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Tesla Semi will be incredibly affordable with US’ revamped EV tax credit

Teslarati

Battery costs are declining quickly, but even Tesla still lists its 300-mile Semi variant with an estimated starting price of $150,000. The bill allocates $369 billion for programs that help fight climate change and preserve the environment, and it also includes a number of revamped EV tax credits.

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Tesla Model 3 Highland leases qualify for IRA tax credit loophole

Teslarati

Tesla Model 3 Highland leases are more affordable thanks to a loophole in the Inflation Reduction Act about commercial vehicles. Tesla calculated that Model 3 Highland lease payments would be $329 monthly, excluding taxes and fees. The IRA’s assembly and battery requirements do not apply to commercial vehicles.

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Biden Administration mulls over reprieve from EV tax credits for automakers

Teslarati

The reprieve would concern the eligibility of electric vehicles for the IRA’s tax incentives. One of the biggest concerns about the IRA’s requirements for EV tax credit eligibly regards battery packs, cells, and the materials used to manufacture them. We are going to have lots of battery capacity in the United States.

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Honda CEO: Solid-state batteries may enable affordable small EV by 2030

Baua Electric

Honda built its original reputation around affordable small cars like its Civic. Yet decades on, segueing into an era of EVs, it has no battery-electric equivalent to the Civic. It might take a technology breakthrough, like solid-state battery tech, before Honda sees a small, affordable car as making sense—late in the decade.