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Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles 

Electric Vehicles India

Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles . A proposed US tax credit for new electric bicycle purchases bumped backed up to a full 30%. Also, read related article: Amazon offers high discounts on electric bikes. The bicycle market in India is valued at USD 0.9

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Progress! IRA signed into law

Electric Auto Association

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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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

. “While we saw drops in EV battery shipment in the first quarter caused by customers’ battery inventory adjustment, we expect to see improved market environment backed by launches of new EVs in North America,” SK On Chief Financial Officer Kim Kyunghoon said in a post-earnings conference call.

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Tesla Model 3 receives full EV incentives with new loophole

Teslarati

The EV tax credit changes currently preventing most EVs from receiving incentives are “ battery sourcing” requirements. ” If it wishes to acquire the full $7,500 incentive, it must also source 50% of battery components from North America as well. .” What do you think of the article?

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Hyundai sales growth challenged by a huge problem in the U.S.

Teslarati

With the release of Hyundai North America’s US sales report today, it is clear that Hyundai/ Kia was able to increase EV sales in Q3 dramatically. Currently, customers looking to get a Federal EV tax credit cannot redeem it on a Hyundai vehicle because it is not assembled in the US. What do you think of the article?

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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

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Tesla warns employees Model 3’s cheapest trim could lose $7,500 tax credit

Teslarati

government’s tax credit for consumers to buy electric vehicles has been a significant driver regarding the demand for EVs. an automaker must assemble the EV in North America, but with the expected changes, the vehicle’s batteries must also be sourced domestically. What do you think of the article?