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Tesla gets $330M tax break for Giga Nevada expansion plan

Teslarati

The Nevada Governor’s Office of Economic Development (GOED) Board approved a $330,250,366 million tax break for Tesla. Listed below are the taxes Tesla could generate, assuming it invests all $3.6 billion in land, buildings, and equipment for Giga Nevada. million in gross average annual property tax revenues $11.2

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Canada, US and Mexico commit to align light- and heavy-duty fuel efficiency and GHG standards out to 2025 and 2027, respectively

Green Car Congress

As one of the outcomes of the “Three Amigos” meeting in Ottawa, Canada Prime Minister Justin Trudeau, US President Barack Obama, and Mexico President Enrique Peña Nieto committed to an “ambitious and enduring” North American Climate, Clean Energy, and Environment Partnership. 50% clean power target.

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Another One Bites the Dust: Kia Killing the Rio After 2023

The Truth About Cars

Kia will continue building sedans, but cars have fallen off in favor as SUVs and trucks have taken over the world. The automaker’s factory in Monterrey, Mexico, builds the Rio, and the company is expected to retool the facility for EV production. Average vehicle purchase prices in the U.S.

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China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO

The Truth About Cars

Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. With an eye on reducing America’s dependence on Chinese batteries and materials, the Act incentivizes automakers to source materials from free-trade-compliant countries and build EVs in North America. others might.

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Tesla said to be mulling U.S. battery plant with supplier CATL

Teslarati

Bloomberg reported yesterday that Tesla is potentially looking to build an electric vehicle battery cell production facility somewhere in the United States with CATL , citing people familiar with the matter. Ford announced a similar deal with CATL last month, looking to build a battery manufacturing plant within the U.S.

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Auto Lobby Wants Input on Government EV Policy Before Changes Are Made

The Truth About Cars

Despite aggressively pushing for all-electric vehicles to supplant combustion models, the United States government seems to have suddenly realized that such a move could have some rather serious unintended consequences. The automotive sector is very aware that the proliferation of all-electric vehicles depends on government regulation.

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Tesla’s next Gigafactory location unknown, but all signs point toward India

Teslarati

In May, Tesla CEO Elon Musk said the electric automaker would likely announce its next Gigafactory location by year’s end. It all started back in 2015 when Indian Prime Minister Narendra Modi and Musk had their first meeting at the Fremont Factory in Northern California. This initiative was first introduced in 2014 by Modi.

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