Remove Affordable Remove Batteries Remove Georgia Remove Tax
article thumbnail

Georgia Advocates Ask Legislature To Keep Electric-Car Tax Benefit

Green Car Reports

Today, Georgia is among the best places in the country to buy an electric vehicle. Its electric-vehicle tax credit of $5,000 is among the highest offered by any state, and makes buying a battery-electric vehicle much more affordable.

Georgia 132
article thumbnail

Hyundai Metaplant America to boost its EV sales in the US 

Teslarati

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. The Asian car company is also building a $5 billion EV battery cell plant with SK ON in Georgia, which is expected to employ 3,500 workers. Hyundai Motor Group is investing $7.59

Hyundai 83
article thumbnail

Hyundai says its first EV plant will open this year to gain the $7,500 tax credit

Baua Electric

The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October. According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. billion EV megaplant in Georgia in October 2022.

article thumbnail

Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

Electric vehicles, renewable energy systems, and grid energy storage all rely on efficient and affordable energy storage solutions, primarily lithium-ion batteries. Let’s look at the advancements in battery cost reduction, navigate through supply chain complexities, and explore the promising prospects ahead for the EV market.

2008 52
article thumbnail

Blazer EV price cut, Dodge electric muscle, Rivian R2 and R3: The Week in Reverse

Baua Electric

Which major battery supplier has 9-minute-charging solid-state cells and a 20-year EV battery in its sights? Which affordable EV regained its EV tax credit eligibility this week? Rivian used the moment to pause (and delay) plans for its massive Georgia plant to get the R2 to production by early 2025.

Dodge 52
article thumbnail

Hyundai sold nearly 269,000 electric vehicles last year as IONIQ 5 and 6 spark growth

Baua Electric

Hyundai said its investment plans for 2024 include increasing the number of mass-produced models and building its new EV plant in Georgia while continuing to develop future tech. billion EV and battery plant in late October. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit.

Hyundai 52
article thumbnail

Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

“The purchase of the BEV Lease is to aid in our goal of delivering carbon neutrality by 2050 by controlling the vehicle battery through its life, keeping it in the Ford network.” ” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits. battery production.” battery production.”

Ford 98