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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. At that time, this order process will close.

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Fisker and Magna sign long-term manufacturing agreement

Green Car Congress

signed a binding agreement supporting manufacturing with Magna International. Fisker and Magna also confirmed that production of the all-electric Fisker Ocean SUV is projected to start on 17 November 2022 at Magna’s manufacturing facility in Graz, Austria, where they have produced more than 3.7 Fisker Inc.

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‘Discriminatory’ EV tax credit could bring Mexico-imposed tariffs

Teslarati

The $12,500 electric vehicle tax credit proposed in President Joe Biden’s “Build Back Better” plan is being labeled as “discriminatory” by Mexican Economy Minister Tatiana Clouthier, who said the country is analyzing legal recourse and other actions, including potential tariffs against the United States.

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Growing Number of EU Countries Levying CO2 Taxes on Cars and Incentivizing Plug-ins

Green Car Congress

At present, 17 of the 27 EU Member States levy CO 2 -related taxes on passenger cars, and 15 governments provide tax incentives for electrically chargeable vehicles, according to the newly published European Automobile Manufacturers’ Association (ACEA) Tax Guide 2010. Generally, registration taxes threaten fleet renewal.

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Benchmark: Saudi Arabia is building an EV battery supply chain

Green Car Congress

The Saudi advantage lies in relatively low reagent costs and government incentives like tax, land, and capital support, said Benchmark consultant Ahmed Mehdi. The Saudi processing plant will process spodumene from a mine that European Lithium is developing in Wolfsberg, Austria. Earlier post.) Earlier post.) Earlier post.)

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Fisker reveals production-intent version of Fisker Ocean at LA Auto Show

Green Car Congress

The Fisker Ocean is being manufactured by Magna-Steyr at a carbon-neutral factory in Graz, Austria. The base Fisker Ocean Sport trim level is priced at $37,499, before federal and state tax credits. Fisker revealed its Fisker Ocean electric SUV at the Los Angeles Auto Show.

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Rivian’s EV registrations get up as startups Lucid, VinFast stall

Baua Electric

The younger automaker, which handiest began making interior combustion automobiles in 2019, has aggressively pursued world enlargement plans that come with development an meeting plant and battery manufacturing unit in North Carolina to manufacture 3 fashions establishing in 2025. marketplace. .

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