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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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Personal: One in a Million

Clean Fleet Report

In fact, it might not even be possible for the auto industry to produce that many EVs, although the rate of expansion is dizzying. Ford Mustang Mach-E EV – 5,807. Nissan and Ford are expected to follow shortly. Buyers could still receive federal tax credits and local incentives if available.

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Stellantis stops building of Ontario EV battery module plant over federal budget

Baua Electric

billion from LGES and secret contributions from federal and provincial governments, as the biggest ever within the Canadian auto sector. billion in production tax credit via 2032, pace Europe’s biggest carmaker is making an investment as much as $7 billion to form the plant St. Thomas, Ont., Thomas, Ontario.

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Li-ion Polymer Battery Maker Kokam America Is Partner of Choice for Smith Electric Vehicles US; Kokam JV With Dow Targeted at Scaling Up Production

Green Car Congress

million in tax credits towards that plant from the state. Going into the auto industry, we have to keep below $0.50/Wh Dow Chemical is a Tier 1 supplier to the auto industry with significant presence, and it has the scale-up capability to help Kokam go from producing cells in small volumes to very high volumes.

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Kentucky-Argonne Partnership to Help Build US Advanced Battery Industry

Green Car Congress

Kentucky has an experienced auto industry-related workforce, and the region is within 500 miles of more than 4,800 auto-related vehicle manufacturers, including 69 vehicle assembly plants, noted Larry Hayes, Kentucky Governor Steve Beshear’s Cabinet Secretary.

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Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the auto industry, federal government, the scientific community, and consumers—to be realized.

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

CleanTechnica EVs

Three of these are specifically targeted at the auto industry: a reboot of the federal tax credits for EV purchases; a major investment in EV charging infrastructure; and a new set of fuel economy […].