EV Adoption

NOVEMBER 26, 2021

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

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Baua Electric

MAY 28, 2024

The new affordable VW EVs are expected to be priced around $21,800 (20,000 euros). VW still aims for affordable EVs to debut in 2027 After walking away from its partnership to develop an entry-level EV (20,000 euro) with Renault, Volkswagen is going solo. VW said last week it was still looking at its options for affordable EVs.

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Baua Electric

FEBRUARY 9, 2024

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. A year later, the company announced that 99.9%

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Baua Electric

JANUARY 3, 2024

As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place.

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Charged EVs

SEPTEMBER 22, 2022

The provision that’s gotten the most press is a redesign of the federal EV tax credit—that’s only natural, because it’s the policy that’s most likely to directly affect the average consumer, and because politicians love to talk about tax breaks. Credit where credit is due.

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Baua Electric

JANUARY 15, 2024

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.

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EV Life

APRIL 27, 2023

But despite their popularity, the company still needs to make pricing modifications in response to market changes to remain competitive. The reason for the price changes is due to several factors, including shifts in demand and changes to federal rules regarding which electric vehicles qualify for tax credits.

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EV Adoption

AUGUST 23, 2021

One of the proposed changes to the federal EV tax credit that has flown a bit under the radar is also one of the most political and protectionist in nature. Effective January 1, 2022, electric vehicles with final assembly* (see definition at the end) in China would no longer qualify for IRC 30D (federal EV tax credit).

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Baua Electric

FEBRUARY 28, 2024

GM’s CFO Paul Jacobson says the new Bolt EV will save the company billions by becoming North America’s first Ultium-based model to use LFP batteries. One of the biggest will be the introduction of LFP batteries.” As the first Ultium EV to use LFP batteries, the new model is expected to drastically lower costs.

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Green Car Congress

APRIL 8, 2022

billion) in funding to make zero-emission vehicles more affordable and to build a national network of charging stations. These investments will contribute to the development of a domestic zero-emissions vehicle value chain, including batteries, permanent magnets, and other electric vehicle components. Among its measures is up to C$3.8

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Baua Electric

JANUARY 20, 2024

Honda Space-Hub Concept – 2024 CES Honda may be a late-starter with mass-production EVs, but as communicated last week with the Saloon and Space-Hub concepts and by company executives, it has big plans for later in the decade—including multiple platforms underpinning a unified Series 0 architecture.

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Teslarati

JANUARY 7, 2024

Japanese automaker Honda is considering locations to build an electric vehicle (EV) factory in Canada featuring the use of in-house battery cells. Honda would be aiming to have the facility operational by 2028, and the company is planning to decide on a specific location by the end of this year. million sales per year by 2030.

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Teslarati

AUGUST 4, 2021

Nissan’s 2022 LEAF has established itself as the most affordable electric vehicle in the U.S. The base LEAF S has an unbelievably low starting price of just $27,400 before incentives, with federal tax credits potentially bringing the cost of the vehicle down to the sub-$20,000 level. Credit: Nissan.

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The Truth About Cars

DECEMBER 28, 2023

Today, most EVs use lithium-ion batteries, just like the phone in your pocket. While the battery chemistry is well-known and thoroughly tested at this point in time, the setup has weaknesses that could be addressed by alternative designs.

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Teslarati

OCTOBER 24, 2023

LG Energy Solution (LGES) recently announced that its battery facility in Arizona will become a key production hub for 46-series cylindrical cells in North America. However, the Korean battery supplier has decided to pivot its plans in Arizona and will instead produce 46-series cells and expand its annual production capacity to 36 GWh.

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Baua Electric

APRIL 1, 2024

battery-supply deal with China’s CATL, Car News China reports. The deal reportedly being discussed would bring that partnership to North America in the form of a joint battery plant located in either the U.S. or Mexico, along with a GM license agreement for CATL’s LFP battery tech. car manufacturing.”

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Teslarati

JANUARY 22, 2024

The company reached its 1.8 Less expensive EVs equate to increased adoption, but it also puts pressure on margins and profitability for the company. especially, Tesla is adjusting the narratives that surround some of its vehicles and their eligibility for EV tax credits. Tesla will report Earnings on Wednesday.

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Teslarati

NOVEMBER 6, 2021

The new EV tax credit breakdown could award as much as $12,500 for an EV purchase, but that’s not the best part. Additionally, vehicles purchased from a unionized plant will provide an extra $4,500, with $500 more if US-produced batteries are used in the car. Electric trucks will be a significant part of the U.S.

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Teslarati

JUNE 5, 2023

Tesla battery supplier Panasonic is accelerating plans to increase battery cell production at Gigafactory Nevada. Increasing battery production at Giga Nevada would likely help Tesla increase its vehicle production capacity and benefit from the Inflation Reduction Act’s (IRA) electric vehicle (EV) tax credits.

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Baua Electric

MAY 20, 2024

The company aims to build 200,000 to 300,000 EVs this year, about 20 times more than GM did in 2024. In a new interview with The Detroit News , Barra confirmed the (battery cell) issues are “behind us now.” 2024 Chevy Equinox EV 3RS (Source: GM) Meanwhile, GM already has an affordable EV rolling out.

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Baua Electric

FEBRUARY 8, 2024

General Motors has hired former Tesla battery-development boss Kurt Kelty as its new vice president of batteries. “For more than 30 years, I’ve been focused on helping develop and commercialize battery technologies that will aid in the transition to electric transportation,” Kelty said in a statement.

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Baua Electric

MARCH 28, 2024

General Motors (GM) is reportedly in talks with battery giant CATL to license its cheaper LFP battery tech. The plans could include a new joint North American plant to produce the new batteries. GM is ramping up production of its Ultium-based models after it “turned the corner” at its battery factory in Detroit.

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Teslarati

AUGUST 31, 2023

We created this vehicle with the idea that young people living in the world’s big cities need innovative, versatile, and affordable mobility,” said Chairman and CEO Henrik Fisker. The company will offer Fisher Pear customers two battery options. The company will also add an Extreme performance variant to the lineup.

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Green Car Congress

MAY 20, 2021

Ford unveiled the F-150 Lightning battery-electric pickup. F-150 Lightning offers a standard-range battery targeting 230 miles of EPA-estimated range and an extended-range battery targeting 300 miles of EPA-estimated range. —Kumar Galhotra, Ford president, Americas and International Markets Group, Ford Motor Company.

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Teslarati

NOVEMBER 9, 2023

Many automakers are attempting to offer EVs that are widely affordable and will not break the bank for those who are interested. a more affordable EV option for consumers will perhaps help to surge sales and demand. For 2023, only 50 percent of the vehicle’s battery must be assembled or manufactured within North America.

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Baua Electric

MARCH 10, 2024

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? With the price cut, the Blazer EV will cost $50,195, or just $42,695 to households who can take advantage of the $7,500 tax credit.

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Teslarati

FEBRUARY 28, 2024

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 shared that its focus on affordable and compact electric vehicles helped its EV sales in the United States. Hyundai Motor Group is investing $7.59 billion in HMGMA.

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Teslarati

NOVEMBER 9, 2022

A bill has been introduced in the Senate called the “Affordable Electric Vehicles for America Act” that would dramatically alter the Inflation Reduction Act’s EV incentives requirements. sourced battery materials. The other notable change addressing international backlash regards the sourcing of battery materials.

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Charged EVs

FEBRUARY 6, 2024

For EVs to deliver their full emission-reducing potential, the battery supply chain must be as clean as possible, and cathode active materials (CAM) are a key part of the sustainability equation. Automakers have high hopes for solid-state batteries, mainly because of their improved safety characteristics.

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Teslarati

JANUARY 19, 2022

The update enables Tesla to offer its flagship residential solar product at a price point that’s more affordable than before. kW Solar Roof with one Powerwall battery , which costs $61,400 before the federal tax credit. Credit: Tesla Energy. Solar Roof deployments more than doubled year-over-year as well.

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EV Adoption

JUNE 21, 2022

Nine of these EVs have a base MSRP of less than $35,000 and another nine would have a net effective price below $30,000 when factoring in the applicable federal EV tax credit. And buyers in some states may qualify for further incentives including rebates or no sales tax, along with some utilities also providing rebates.

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The Truth About Cars

JANUARY 23, 2024

Photo credit: Suwin66 / Shutterstock.com The electric vehicle (EV) market is experiencing a significant growth in 2024 , with expectations for sales of passenger EVs to climb by 21 percent in 2024, reaching 16.7 This stability results from reduced subsidies and the influence of favorable company-car taxation schemes. million units.

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Cars That Think

MARCH 12, 2023

A battery will be the high-voltage heart of each of those 77 million electric vehicles, and by far their most expensive component, setting off a worldwide race to ethically source their materials and crank up production to meet exploding demand. Yet propelling this full-size luxury barge still demands a 112 kWh battery aboard.

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Baua Electric

JANUARY 25, 2024

The company saw solid sales growth across key markets, including North America, Europe, and India. 2024 Hyundai IONIQ 6 Limited (Source: Hyundai) The company said 99.9% billion EV and battery plant in late October. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit.

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Teslarati

OCTOBER 5, 2022

Tesla, for example, axed the $35,000 Standard Range+ Model 3 , and its most affordable vehicle now starts at well over $40,000. Price Parity and the EV Tax Credit. manufactured battery. based EV manufacturers are too reliant on foreign companies for parts, Cox said. Superior EV tech is keeping the U.S.

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Teslarati

DECEMBER 7, 2021

produced battery, and it’s a Chevrolet Bolt), might be the best way for consumers to choose what vehicle would be best for them, and it might be the most ideal way for political interests to subside from the bigger picture: transitioning away from combustion engine vehicles. Presidential Administration?

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EV Life

AUGUST 4, 2023

Today, we’ll be taking a look at one of Chevy’s most popular, affordable, and revolutionary offerings, the Chevrolet Bolt EUV. Available Chevrolet Bolt EUV Trims At a Glance Chevrolet Bolt EUV Version Price Range Top Speed 0-60 mph EV Tax Credit State/Local Incentives Bolt EUV LT $27,795 247 miles 90 mph 6.8 Clean Cars 4 All.

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