The Truth About Cars

JANUARY 30, 2024

Photo credit: Volkswagen Volkswagen has recently announced that their MY23 and the upcoming MY24 models of the ID.4, 4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. that qualifies for the full Federal Tax credit. This development makes these models of the ID.4,

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Electrek

APRIL 11, 2022

According to recent comments from Toyota North America, the automaker expects to surpass the 200,000 vehicle threshold for EV sales sometime this summer, disqualifying itself from any additional tax credits in the United States under current legislation.

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Green Car Congress

AUGUST 16, 2023

Source: Inflation Reduction Act: Impact on North America Metals and Minerals Market Demand for copper will be 12% higher by 2035 than pre-IRA projections. Copper is not currently listed as a critical mineral in the United States and does not qualify for IRA tax credits.

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Blink Charging

FEBRUARY 23, 2023

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. It does not act as a rebate (until 2024).

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Teslarati

FEBRUARY 28, 2024

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. The South Korean car manufacturer came in second to Tesla and beat top automakers like Ford and General Motors in the United States. Hyundai Motor Group is investing $7.59

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Teslarati

MAY 31, 2023

LG Energy Solutions (LGES) and Hyundai teamed up to build a battery cell manufacturing plant in the United States. billion The parties agreed to produce EV batteries so Hyundai could accelerate its electrification efforts in North America. Each company holds a 50% stake in the joint venture for the U.S.-based

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The Truth About Cars

APRIL 17, 2023

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. Alternatively, the batteries can be produced from materials recycled in North America.

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EV Life

OCTOBER 7, 2023

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Teslarati

JUNE 7, 2023

Buzz will arrive in North America next year, and the German automaker wants to ensure its arrival runs smoothly. Volkswagen of America CEO Pablo Di Si warned dealers ID. The VW of America CEO revealed discussions with dealers about the ID. Buzz with a long wheelbase for extra storage space in the United States and Canada.

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EV Life

MAY 19, 2023

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

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Teslarati

FEBRUARY 5, 2024

Just weeks after its initial release in North America, the upgraded Tesla Model 3 Long Range Dual Motor All wheel Drive (AWD) has seen a minor price increase. That is, at least, unless one takes into account federal tax credits in the United States. Previously, the vehicle was priced at $45,990 before options.

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Plugs and Cars

DECEMBER 8, 2010

From Plug In America: Last year, Plug In America, along with electric vehicle and EV infrastructure manufacturers from coast to coast, worked with members of the House and Senate to get a critical plug-in vehicle infrastructure tax credit into the stimulus bill. And then you helped us get it passed!

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Blink Charging

JANUARY 19, 2024

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America.

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Teslarati

JANUARY 29, 2024

This positive trend was partially fueled by tax credits from the U.S. billion KRW from the IRA tax credit, which grew 16% from the previous quarter due to a solid performance from LGES factories in the United States. Excluding the tax credit: Operating profit would be KRW 88.1 billion, a 53.7%

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Green Car Congress

FEBRUARY 23, 2022

Volkswagen of America announced that the 2022 ID.4 4 comes with three years of unlimited 30-minute charging sessions at Electrify America DC fast chargers at no additional cost, helping to inspire range confidence. Volkswagen customers will be able to manage their charging plan through the Electrify America app. The 2022 ID.4

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Teslarati

SEPTEMBER 17, 2022

This contradicts reports earlier this week that Tesla was delaying battery production in Germany with intentions to prioritize cell manufacturing in the United States, which would help the automaker benefit from recent government incentives. German Minister responds to reports of Tesla’s alleged updates to Giga Berlin battery plans.

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The Truth About Cars

MARCH 28, 2024

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.

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Teslarati

FEBRUARY 15, 2024

The Inflation Reduction Act (IRA) has boosted electric vehicle (EV) investments in the United States. “As The IRA has struck requirements on sourcing minerals for EV batteries, significantly affecting the number of electric vehicles that qualify for tax credits. The South Korean company is a longtime Tesla supplier.

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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. After announcing its Q3 2023 earnings, LGES stated it aimed to preemptively respond to market demand for 46-series cylindrical cells. billion with a margin of 6.3%.

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Teslarati

APRIL 30, 2024

Kia looks to secure US federal tax credit for EV9 in 2025 Kia’s electric vehicle sales in the United States increased by 151% in the first quarter compared to the previous year. The South Korean brand announced its second-best first quarter in Q1 2024 and shared that EV9 sales helped with the achievement.

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Teslarati

OCTOBER 19, 2022

During the recent earnings call a TSLA shareholder asked to elaborate on Tesla’s ability to meet the requirements for consumer tax credit eligibility under the Inflation Reduction Act. EV tax credits for Tesla and other capped-out automakers revived thanks to Senate deal. “Yes.

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The Truth About Cars

DECEMBER 28, 2023

A Volkswagen-funded Chinese automaker has a new type of battery that offers some benefits over lithium-ion batteries, namely cost and cold weather performance, but it’s unclear if we’ll see them in the United States. Image: Iryna Imago via Shutterstock] Become a& TTAC insider.

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Green Car Congress

JANUARY 9, 2010

billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. The 183 projects in 43 states include several for the manufacturing of advanced batteries; biomass projects; and vehicles. President Obama announced the award of $2.3

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Teslarati

APRIL 25, 2023

Hyundai and SK On recently released more information on its battery cell production facility in the United States. US battery guidance might slash IRA EV Tax credits Hyundai will use the cells to produce Hyundai, Kia, and Genesis EV models within the United States.

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Teslarati

JUNE 20, 2023

Rivian will also gain access to 12,000 Supercharger locations owned by Tesla in North America starting next Spring. This opens charging for Rivian vehicles on Tesla’s Supercharger network across the United States and Canada. vehicles helped Tesla regain the full $7,500 credit for all three cars.

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Plug in America

MARCH 29, 2024

“EV adoption continues to grow, especially as manufacturers introduce new models and the used market becomes more robust,” said Joel Levin, executive director of Plug In America , a national nonprofit whose mission is accelerating the shift to EVs and one of the organizations behind Drive Electric Earth Month. You can too.”

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Green Car Congress

JANUARY 18, 2023

Power EV Index, an analytics tool to track the growing EV market in the United States. This factor measures the total cost of ownership of an EV compared with the ICE segment average (after tax credits, rebates, incentives, operating costs and residual values—for both purchase and lease transactions).

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Blink Charging

DECEMBER 19, 2023

Thanks to our new network integrations, we are proud to offer a global Blink Charging experience, so EV drivers can use the same global Blink mobile app at thousands of locations in North America, Latin America, Europe, and Asia.

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Electric Auto Association

SEPTEMBER 9, 2022

EV provisions The legislation creates a new and used EV tax credit, extending the tax credit on some new EVs to 2032 while shifting tax incentives to more affordable models that are manufactured in North America. This will support millions more low- and middle-income families than the original credit.

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Teslarati

JANUARY 17, 2023

Tesla ( NASDAQ: TSLA ) pushed huge price cuts on its vehicles in both the United States and China within the past few weeks, but the automaker’s decision is hitting the stock in one way and its outlook in another. After the Austin-based automaker slashed prices by as much as $13,000 in the United States and 13.5

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Teslarati

JANUARY 23, 2023

CEO Makoto Uchida acknowledged that the market for electric vehicles is growing faster than anticipated in the United States. Uchida stated that the growing popularity of electric vehicles is actually being driven by an increase in competition and the availability of more electric cars in the market. Nissan Motor Co.

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Blink Charging

FEBRUARY 9, 2023

While it’s great news that electric vehicles (EVs) are becoming more popular in the United States, it does pose a unique issue: EV sales are now outpacing EV charging infrastructure. How many EV chargers are currently installed in the United States? 14,673 private charging ports over 3,743 private charging stations.

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Blink Charging

DECEMBER 14, 2023

The number of holiday travelers has returned to pre-pandemic levels, which means a lot of people are hitting the road in the United States. The federal tax credit is worth up to 30% of the installation cost, up to $100,000 per charger. The American Automobile Association (AAA) predicts that 115.2

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Teslarati

APRIL 29, 2023

To give some important context, currently, only six vehicles qualify for the full $7,500 EV incentive in the United States. The EV tax credit changes currently preventing most EVs from receiving incentives are “ battery sourcing” requirements. What do you think of the article?

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Teslarati

JUNE 5, 2023

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. “Long term, we expect these–the value of these credits to be very significant,” said Musk.

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Green Car Congress

SEPTEMBER 1, 2010

Nissan North America and the state of Hawaii formed a partnership to promote the development of electric vehicles, and an electric-vehicle charging network, throughout the state. The Nissan LEAF EV will be available in Hawaii beginning in January 2011.

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Baua Electric

JULY 5, 2023

MORE SUBSIDIES NextStar sought after extra executive aid then the US introduced in August 2022 pristine manufacturing tax credit for EV battery makers as a part of the IRA. regulation, battery makers get a tax credit score of U.S. $35 Below phrases of that U.S. Via 2033, they are going to be eradicated. “The

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