The Truth About Cars

APRIL 18, 2024

Chinese automakers are expanding into Mexico, with companies like BYD opening dealerships across the country. Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers. Mexico is no stranger to Chinese auto companies, as there are around 20 already selling vehicles in the country.

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Baua Electric

FEBRUARY 7, 2024

versus the previous month, the first such drop since August 2023, industry data showed, as demand faltered in the world’s largest auto market despite a renewed discounting push led by Tesla. NEV SALES The lukewarm start to 2024 for China’s auto market highlights tepid consumer demand in the world’s No.2 3 hatchback.

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Baua Electric

JANUARY 6, 2024

Which EVs made the tax-credit shortlist in 2024? 2024 Rivian R1S A preliminary list of 2024 EVs qualifying for the tax credit was released early this week by the EPA, and as expected there are very few models qualified for the full $7,500 amount. Which company faced a $1.7 billion fine for diesel emissions cheating?

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Fisker Kia BYD Tax Credit 52

Baua Electric

JANUARY 17, 2024

Chinese automaker BYD recently surpassed Tesla as the world’s leading seller of EVs, and it’s only one of several Chinese-owned brands that are already selling cars in the US and the EU. However, the world’s #2 and #3 auto markets differ in terms of their response to the threat from #1. The US currently imposes a 27.5

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Baua Electric

FEBRUARY 5, 2024

BYD is preparing to launch its first ultra-luxury electric sedan as part of its high-end Yangwang brand. Ahead of its official launch, the BYD Yangwang U7 specs were leaked with almost 1,300 horsepower and 500 miles (800 km) CLTC range. BYD’s Yangwang introduced the U7 earlier this month, sharing the first images on its Weibo page.

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Miles Range BYD Carbon Fiber 52

Teslarati

AUGUST 3, 2023

These include BYD, which outsell Tesla in China in terms of New Energy Vehicles (NEVs) sales. BYD’s sales of pure electric cars lag against Tesla’s, but in terms of raw NEV volumes, the Chinese automaker is far ahead of the American EV company. India is an increasingly important market in the auto industry.

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Teslarati

DECEMBER 11, 2022

Tesla China gets a 0% import tax on EVs thanks to a bilateral agreement between Bangkok and Beijing. The Thai government also cut import taxes on electric vehicles from foreign automakers who decide to produce electric vehicles in Thailand. Tesla is starting off strong, entering the Thai market during a peak season for auto sales.

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CleanTechnica EVs

JANUARY 4, 2023

Norway’s auto market saw plugin EV volume explode to take 87.6% share in December, with huge numbers of BEVs registered, and overall auto volumes double those of seasonal norms. The freak volume in December 2022 resulted from one-off pull-forward effects ahead of new policies and auto taxes applying from 2023 onwards.

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Push EVs

JANUARY 5, 2023

Norway’s auto market saw plugin EV volume explode to take 87.6% share in December, with huge numbers of BEVs registered, and overall auto volumes double those of seasonal norms. The freak volume in December 2022 resulted from one-off pull-forward effects ahead of new policies and auto taxes applying from 2023 onwards.

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Baua Electric

MAY 12, 2024

The new entrants, mainly from East and South East Asia—such as MG Motor (along with JSW Group), BYD, Leapmotor, and VinFast—will likely introduce many global models, widening the choice for prospective buyers. There have been speculative reports of how VinFast and BYD may not be eligible for benefits.

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India SUV BYD Citroen 52

Baua Electric

JULY 10, 2023

With home shopper call for vulnerable, the sector’s biggest auto marketplace has been grappling with a price competition induced by way of Tesla in January that has since unfold to greater than 40 manufacturers providing reductions on their automobiles. in June as big-ticket spending falters appeared first on Bauaelectric Auto News.

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Baua Electric

JULY 17, 2023

Tax Breaks: An ordinary 10% tax levy has been waived for clean-car purchases below 300,000 yuan till 2025, and can go back at 5% for 2026 and 2027. The tax crack, in park since 2014, is estimated to quantity to 835 billion yuan through the top of 2027. It may well get pricey. Shape-owned Chongqing Changan Automotive Co.

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Teslarati

JULY 5, 2023

Tesla’s local competitors, who responded to the EV maker’s aggressive price reductions , saw positive outcomes after a tumultuous period leading up to the Shanghai auto show in April. Automakers like BYD, and Li Auto, among others, saw a rebound in June deliveries. Some set new monthly sales records in June.

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Electric Vehicles India

MARCH 7, 2023

56 MG Motors 345 425 38 807.89 -19 BYD India 228 132 12 1800.0 57 Volvo Auto India 32 28 – 0.0 56 MG Motors 345 425 38 807.89 -19 BYD India 228 132 12 1800.0 57 Volvo Auto India 32 28 – 0.0 BYD India delivered 228 electric cars and this made the company to maintain its third position consecutively.

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Push EVs

MAY 9, 2023

The auto market is still settling down after policy changes that came in at the start of the year. Overall auto volume was 8,976 units, down 7.7% All other powertrains lost volume YoY, with petrol-only vehicles at their 2nd lowest volume of the modern era (just 112 units), and 3rd lowest share ever, just 1.25% of the auto market.

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Baua Electric

MARCH 28, 2024

Both automakers look to sidestep federal regulations requiring EV batteries to be produced in North America to qualify for a tax credit. However, these battery makers have largely missed the opportunity with LFP batteries while China’s CATL and BYD took control of the market. FTC: We use income earning auto affiliate links.

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EV Central

FEBRUARY 16, 2024

The Australian arm of the Korean auto giant wants increased reward for selling zero emissions vehicles in the form of ‘super credits’ so it can keep cheaper C02-emitting petrol and hybrid models in its showrooms longer. READ MORE: Could a tiny $30,000 2024 Hyundai Casper electric SUV challenge the BYD Dolphin and MG4 in Australia?

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Hyundai CO2 Australia Tucson 105

Baua Electric

FEBRUARY 28, 2024

According to the report, Stroll isn’t sweating fierce competition from BYD either, saying that he is “happy with the battery technology and platforms available to the company.” In looking at the earnings report, Aston Martin’s adjusted earnings before interest, taxes, depreciation, and amortization rose 58% to 174.8

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Baua Electric

MAY 26, 2023

” China, the sector’s greatest auto marketplace, has one of the crucial perfect battery era and dominates EV manufacturing, Farley stated. He cited BYD, Geely, Splendid Wall, Changan and SAIC as a number of the “winners” amongst Chinese language automakers. “The Chinese are going to be the powerhouse.”

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Baua Electric

MAY 30, 2023

Even if China’s Splendid Wall and BYD Co. and Isuzu Motors dominate the rustic’s auto marketplace, with pickup vehicles accounting for greater than part of gross sales terminating occasion. The post Splendid Wall readies EV battery meeting, analysis in Thailand appeared first on Bauaelectric Auto News.

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Thailand Batteries Battery Isuzu 52

EV Central

AUGUST 18, 2022

“Markets where auto makers face financial consequences for failing to meet targets are prioritised for zero emission vehicles. Bowen pointed out the Government had already acted to make EVs cheaper “through the removal of fringe benefits tax and the five per cent import tariff for eligible electric vehicles.”

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Baua Electric

JUNE 8, 2024

So a lot is happening to make us future-ready,” said Rajesh Jejurikar, ED and CEO, Auto and Farm sectors at M&M. M&M will also be sourcing battery cells from companies like BYD, Ferasus, LG Chem beyond VW to broad base its supply base to power future EVs. The seven LCVs have electric versions as well.

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Push EVs

FEBRUARY 13, 2023

Overall auto volumes were 179,225 units, just 2% lower than January 2022, though still well down from pre-Covid seasonal norms. There may remain some distorting PHEV incentives in, e.g., company tax rates, and similar (beyond simply the lower rated CO2 emissions). The best selling BEV was the Tesla Model Y.

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Teslarati

FEBRUARY 27, 2024

China’s top new energy vehicle manufacturer, BYD, has no plans to enter the United States auto market. BYD Executive Vice President and CEO of BYD Americas sat down with Yahoo Finance , and talked about the Chinese automaker’s lack of presence in the US Market and the global electric vehicle (EV) market.

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BYD Market United States F-150 81

EV Central

OCTOBER 27, 2023

BYD ute BYD ute patent shows what the EV ute will look like BYD is the biggest threat to Tesla globally and it’s also shaping up to give the Toyota Hilux and Ford Ranger something to worry about with a new ute. The much-hyped BYD ute is due in 2024 and it’s already been leaked in online patent images.

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Green Car Congress

FEBRUARY 8, 2011

Auto manufacturers such as Chrysler, BYD, Coda, Honda, Mitsubishi, Hyundai, Toyota, Volkswagen and Volvo are not included in this table, but have announced or are expected to introduce EVs in this time period, DOE said. Earlier post.).

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EV Adoption

AUGUST 23, 2021

One of the proposed changes to the federal EV tax credit that has flown a bit under the radar is also one of the most political and protectionist in nature. Effective January 1, 2022, electric vehicles with final assembly* (see definition at the end) in China would no longer qualify for IRC 30D (federal EV tax credit).

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Baua Electric

MAY 7, 2024

Tax exemption for EV purchases and non-financial support remain in place, after an extension, as the automotive industry is seen as one of the key drivers of economic growth. In addition, China exported over 4 million cars in 2023, making it the largest auto exporter in the world, among which 1.2 million were EVs.

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Baua Electric

MAY 2, 2024

Treasury Department could issue clarifications on federal EV tax-credit eligibility rules as early as Friday, reports Transport Topics. does not have friendly trade relations with would not qualify for a $7,500 federal tax credit. does not have friendly trade relations with would not qualify for a $7,500 federal tax credit.

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EV Adoption

NOVEMBER 29, 2021

In my previous article, Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives , I outlined and analyzed 13 proposed changes to IRC 30D (federal EV tax credit). In this brief article I will share the 3 scenarios that lead to an EV being completely disqualified from any available tax credit amount.

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Baua Electric

MARCH 16, 2024

4 to the list, we revisited and updated our roundup of which 2024 EVs qualify for the $7,500 EV tax credit. BYD Seal Will a U.S. Follow Green Car Reports on Facebook and Twitter The post XC90 Recharge review, Polestar 3, Rivian R3, EV tax credit update: The Week in Reverse appeared first on Bauaelectric Auto News.

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Push EVs

JANUARY 3, 2023

Sweden’s auto market saw plugin electric vehicle share continue to grow strongly in December, reaching a record 74.6%, up from 60.7% Overall, auto volume for the month was up 28% year on year, but still 18% down from December 2019. year on year. Full electrics alone took a record 51.3% share of the market.

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Plugin Sweden Market BYD 59

Baua Electric

APRIL 25, 2024

After decades of trumpeting “free trade,” and watching industry after industry decamp to China, the US government has apparently decided to draw a red line in front of the auto industry, and protectionism is back in style. it has been plain that electrification is the future of the auto industry.

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Green Cars News

AUGUST 4, 2009

The car maker is rumoured to be in so much trouble that it is considering closing a major auto assembly plant for the first time ever – the New United Motor Manufacturing Inc based in Fremont, California, which it shares with General Motors. However, the company’s bright spark remains its green efforts.

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Baua Electric

MAY 24, 2024

It effectively goes along with plans to tighten the EV supply chain in order to qualify for the federal EV tax credit of up to $7,500. BYD Shark plug-in hybrid pickup Mexico is broadly seen as the workaround, and China’s BYD made the global launch of its plug-in hybrid pickup in Mexico the same morning as the tariff announcement.

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Chinese Tax Credit Mexico BYD 52

Baua Electric

MAY 13, 2024

With Toyota building its EVs locally, Subaru will gain access to the federal EV tax credit, which could help boost demand. As Japanese automakers look to keep pace with EV leaders like BYD and Tesla, joint ventures are not surprising. FTC: We use income earning auto affiliate links. Meanwhile, the companies better get moving.

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Toyota SUV Building Japan 52

Baua Electric

JULY 18, 2023

billion) from the EV trade, led via a slew of Chinese language investments from BYD Co., Changan Auto Co. Corporations making an investment no less than 5 billion baht in EV production will also be excepted from the 20% company tax price for 3 to 8 years. The people has already attracted 75 billion baht ($2.2 may be in talks.

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