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LG may work with Iran to develop EVs and infrastructure; 60K units by 2023

Green Car Congress

the trading arm of South Korea’s LG Group, has signed a tentative deal with the Iranian government to cooperate in developing electric vehicles and the requisite infrastructure, according to media reports. LG International Corp., LG International will oversee the project jointly with the Iranian government.

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Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Baua Electric

Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite. ” He said the Treasury has “provided a long-term pathway for these (FEOC) countries to remain in our supply chains.”

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Volvo joins Tesla in halting EV production due to Red Sea attacks

Baua Electric

Volvo has joined Tesla in stopping its EV production in Europe due to the threat of violence from Iran-backed Houthi fighters attacking commercial ships traveling in the Red Sea. The Ghent factory currently builds its fully electric XC40 and C40, with the EX30 EV added next year. FTC: We use income earning auto affiliate links.

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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. New Changes in 2024: Instant Rebates Starting in January 2024, electric vehicle purchasers will no longer need to wait until the subsequent tax season to receive their credit.

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Which 2024 EVs qualify for the $7,500 EV tax credit?

Baua Electric

The list of electric vehicles qualified for the EV tax credit in calendar year 2024 has been released. appeared first on Bauaelectric Auto News. And as expected, it’s very short. Starting Jan. 1, as detailed by the Department of Energy just a month ago on Dec.