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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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U.S. EV buyers will get the $7,500 tax credit with a few catches

Teslarati

The United States Electric Vehicle Tax Credit is one of the most notable advantages of purchasing a battery-electric car. The future of the auto industry is electric — and made in America. Earlier this year, a $12,500 EV tax credit was discussed. President Biden (@POTUS) August 5, 2021. What do you think?

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Third Panasonic EV battery plant in the US is still possible 

Teslarati

During CES 2024, Panasonic Energy of North America’s president Allan Swan said the Japanese company is still planning to build a third electric vehicle (EV) battery plant in the United States. According to Panasonic Energy’s president, the company needs more plants to increase its annual production capacity from 50 GWh to 200 GWh by 2031.

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3 Major US Electric Vehicle Initiatives — Which Is Most Important?

CleanTechnica EVs

By Charles Morris The Biden administration has proposed a number of initiatives to promote transport electrification and clean energy.

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LG Energy Solutions & Hyundai team up for battery plant in the United States

Teslarati

LG Energy Solutions (LGES) and Hyundai teamed up to build a battery cell manufacturing plant in the United States. The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit. Each company holds a 50% stake in the joint venture for the U.S.-based

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Tesla Giga Canada makes sense: CN Minister emphasizes auto industry’s new “supplier of choice” [Opinion]

Teslarati

CN seems to be hyper-focused on developing its green supply chain and catering to the auto industry. We are working fast for our workers and the auto industry. The law introduces a new system of EV tax credits with a specific set of requirements. The 2022 Inflation Reduction Act. trading partner by 2024.

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Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

The recently passed Inflation Reduction Act (IRA) is arguably the most significant piece of climate legislation the United States has ever seen, including significant investments in clean energy and consumer incentives to accelerate electric vehicle (EV) adoption. And what about changes to the EV tax credit?