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EV tax credit supply chain rules ease, but China restrictions remain

Baua Electric

In a coordinated push through federal agencies, the Biden administration on Friday released a revised set of regulations applying to the EV tax credit that will ultimately make the credit easier to claim for a wider range of vehicles in 2025 and 2026 but no easier for Chinese companies to gain a foothold on the market.

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NADA aims to turn car dealers into EV experts in 90 minutes

Baua Electric

The National Automobile Dealers Association (NADA) has launched a certification program it claims can turn car salespeople into EV experts in just 90 minutes. More than half of dealers who participated in that survey also said they hadn’t signed up to offer federal EV tax credits as point-of-sale rebates. 2024 Volkswagen ID.4

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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

Although fuel costs are the most ‘present’ cost on peoples’ minds, insurance and tax and also see running costs creep up. Without taking into account incentives and subsidies, taxes on electric vehicles are typically more expensive than gas cars—an average of $183 more per year.

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Virginia could make almost $5B from this 3.5 GW offshore wind farm

Baua Electric

million metric tons – equivalent to taking 500,000 cars off the road annually. Kitty Hawk Wind’s power grid interconnection would bring in $275 million in cumulative property tax revenue for its host, the City of Virginia Beach. ad* FTC: We use income earning auto affiliate links. Kitty Hawk Wind would deliver about $4.8

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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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Toyota will assemble Subaru 3-row EV in Kentucky, resources say

Baua Electric

The general meeting location and battery sourcing would possibly permit each automobiles to qualify for the total $7,500 federal tax credit score for purchases underneath the Inflation Aid Business, which neither the bZ4X or Solterra do. which is scheduled to start out manufacturing in 2025. Toyota has introduced investments of $5.9

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VinFast’s paltry U.S. new-vehicle registrations distinction with conserve marketplace enthusiasm

Baua Electric

Of 26 auto manufacturers with modern EV registrations within the first part, VinFast used to be Refuse. The bottom VF 8 begins at $47,200 with delivery, and it doesn’t qualify for the federal tax incentive of as much as $7,500. The Style Y begins at $49,380 and does qualify as it’s inbuilt North The usa.