Baua Electric

JANUARY 3, 2024

You can score a 2023 Chevy Bolt EV for under $20,000 with new IRS rules allowing you to use the tax credit as a down payment. You can buy a Chevy Bolt EV for under $20,000 Rather than waiting until next year’s tax return, you can now use the EV tax credit at the point of sale. But you may want to act fast.

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Baua Electric

APRIL 1, 2024

battery-supply deal with China’s CATL, Car News China reports. GM already works closely with CATL, but that relationship is limited to the China market. or Mexico, along with a GM license agreement for CATL’s LFP battery tech. General Motors is negotiating a U.S. car manufacturing.”

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Teslarati

OCTOBER 24, 2023

General Motors (GM) and Stellantis have announced plans to furlough hundreds more workers, just after the United Auto Workers (UAW) expanded strikes against both automakers this week. According to a report from Reuters , Stellantis will temporarily lay off 525 more workers in Michigan, while GM will furlough 139 employees in Ohio.

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Baua Electric

APRIL 23, 2024

After losing EV market share in the US in the first three months of 2024, GM believes it can turn things around. GM expects new models like the Chevy Equinox EV and improved battery production will help regain EV market share in the second half of the year. Chevy Bolt (Source: GM) GM accounted for 6.2%

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Baua Electric

APRIL 23, 2024

After losing EV market share in the US in the first three months of 2024, GM believes it can turn things around. GM expects new models like the Chevy Equinox EV and improved battery production will help regain EV market share in the second half of the year. Chevy Bolt (Source: GM) GM accounted for 6.2%

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Baua Electric

MARCH 8, 2024

GM announced Friday that it’s dropping prices by up to $6,520 on its 2024 Chevrolet Blazer EV , while resuming sales and deliveries of the model to customers. GM paused sales of the Blazer EV in December. That aligns the Blazer EV to make a lot more sense versus other Ultium models from elsewhere in the GM family.

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Baua Electric

MARCH 28, 2024

General Motors (GM) is reportedly in talks with battery giant CATL to license its cheaper LFP battery tech. The plans could include a new joint North American plant to produce the new batteries. GM is ramping up production of its Ultium-based models after it “turned the corner” at its battery factory in Detroit.

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Baua Electric

FEBRUARY 9, 2024

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. With a $7,500 tax credit on the line, Hyundai has pulled the timeline forward as quickly as possible. Munoz said EVs produced at the new plant will qualify for the tax credit.

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Teslarati

JANUARY 18, 2022

Orion Township approved General Motors’ (GM) request for a tax rebate on its proposed $1.3 The Orion Assembly Plant will also produce GM’s other electric vehicles. . GM plans to introduce 30 new electric vehicles to the global auto market by 2025, and the Orion Assembly Plant will play a key role in its goal.

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Baua Electric

FEBRUARY 8, 2024

In this newly-created position, Kelty will be tasked with bringing together GM’s development resources “to more quickly deliver profitable, lower-cost, higher performing electric vehicles to customers at scale,” and will report directly to GM president Mark Reuss, the automaker said in a press release.

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Baua Electric

MARCH 18, 2024

GM assures us that that problem is now under control, and so is the Blazer’s (apparently unrelated) software snafu. “We They were not related to GM’s decision to stop using Apple CarPlay and Android Auto. Once the bugs were squashed, GM did a heroic amount of real-world testing before putting the Blazer EV back on sale.

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Baua Electric

JANUARY 3, 2024

2023 Chevy Bolt EUV (Source: Chevrolet) GM has released its Q4 sales numbers , showing Ultium still ramping steadily, but overall EV sales are down as its best-selling model, the Bolt, winds down as Chevy takes it off the market in its best year of sales ever – leaving GM with only 3.1% EV share, well below the US average.

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Electric Auto Association

JULY 2, 2022

Extreme EVs, Hyundai, GM, Ferrari, and more. GM Retroactive refund! GM is slashing prices and offering retroactive discounts on Chevy Bolt electric vehicles (TVs). Ultra-luxury coming Cadillac’s new, hand-built Celestiq was teased as its future flagship vehicle. GM EV Hummers on assembly line. Chevrolet Bolt.

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Baua Electric

JULY 25, 2023

GM Monetary stated on Tuesday that increased rates of interest harm its second-quarter profits, which have been indisposed 31 p.c Profits ahead of taxes for the quarter have been $766 million, indisposed from $1.1 Profits ahead of taxes for the quarter have been $766 million, indisposed from $1.1 GM Monetary originated $9.1

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Baua Electric

JANUARY 10, 2024

The Korean automakers surged past Ford and GM with stylish, functional EVs built for the modern era. Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) According to new research from BloombergNEF , the growth was enough for Hyundai and Kia to top Ford and GM for second in US EV sales.

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Baua Electric

JANUARY 19, 2024

Production of Lyriq has been far behind initial targets, hamstrung mainly by an issue with assembling battery modules that has crimped GM’s EV plans. government tax credit this month as new sourcing guidelines kicked in. The luxury brand had delivered fewer than 2,400 in the first half.

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The Truth About Cars

MARCH 13, 2024

The brand doesn’t currently offer a performance EV, but hot sedans are nothing new to the company. That said, GM hasn’t had the smoothest rollout with its other electric models. Several GM EVs also lost federal tax credit eligibility, though that will likely change before too long.

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Baua Electric

MAY 10, 2023

“GM Envolve is about working with our customers to create tailored solutions to help meet their unique challenges,” Peper mentioned. “GM Envolve will draw from the entire GM enterprise portfolio of business-to-business products and services for ICE and EV.”

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Baua Electric

JULY 20, 2023

The development venture is being aided via about $32 million in tax increment financing from the town and $5.1 In March, the town issued a allow on the website for “construction of new…industrial warehouse shell and site work” totaling $66 million. million in surrounding brownfield incentives.

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Baua Electric

AUGUST 11, 2023

” Common Motors’ captive lender has evident costs of 3-year-old GM automobiles coming off rent fall virtually each and every while since past due April, Berce stated. GM Monetary famous a gentle moderate in used-vehicle costs from June to past due July. GM Monetary reported $9.1 billion a 12 months previous.

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Baua Electric

MARCH 13, 2024

Cadillac gave a sneak peek of “the future of electric performance,” teasing its new Opulent Velocity EV concept. But with GM falling behind in the EV market, is a concept enough at this point? On the top of GM’s to do list this year is “getting vehicles out there right and getting the software,” according to Barra.

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Baua Electric

MARCH 21, 2024

After GM drastically cut the starting price of the new Chevy Blazer EV , early buyers are now eligible for a reimbursement of up to $6,520. Chevy offers early Blazer EV buyers reimbursement GM finally lifted the Blazer EV stop-sale after nearly three months in early March. FTC: We use income earning auto affiliate links.

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Baua Electric

APRIL 18, 2024

Photo: GM Energy GM Energy just debuted vehicle-to-home (V2H) bidirectional EV chargers – here’s how GM’s EVs will keep the lights on. Once installed, GM Energy’s home EV chargers will enable customers to send power from a compatible GM EV to their home in the face of increasing power outages across the US.

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Baua Electric

JANUARY 3, 2024

GM and the National Highway Traffic Safety Administration are recalling 265 units of the 2024 Chevy Equinox, 2024 Chevy Blazer, 2024 Chevy Blazer EV, and 2024 GMC Terrain due to defective door strikers that were installed incorrectly by a faulty heat treatment during the assembly. FTC: We use income earning auto affiliate links.

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Baua Electric

APRIL 8, 2024

The fee ensures that “all motorists using the roads share in the responsibility to maintain their conditions,” according to a press release from Murphy’s office on the new legislation. Similar arguments have been made in other states, as road maintenance is typically covered by gas taxes.

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Baua Electric

FEBRUARY 2, 2024

Hyundai announced a new deal with Iveco Group to supply an all-electric van based on its global eLCV platform. The Iveco-badged electric van will be Hyundai’s first export to use its new EV platform. FTC: We use income earning auto affiliate links. The deal is part of a broader partnership established in March 2022.

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Teslarati

FEBRUARY 2, 2022

“In the auto industry, Detroit is leading the world in electric vehicles. I can remember your dramatic announcement that by 2035, GM would be 100% electric. You led, and it matters,” Biden said last November during GM’s opening of its Factory Zero facility. . Don’t hesitate to contact us with news tips.

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Baua Electric

FEBRUARY 27, 2024

Hyundai initially planned to begin production early next year, but the automaker is plowing ahead with the $7,500 federal tax credit on the line. And that was without its electric models qualifying for the $7,500 EV tax credit (only through a leasing loophole). FTC: We use income earning auto affiliate links.

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Baua Electric

JANUARY 25, 2024

Meanwhile, Hyundai said it expects the global auto market to continue growing in the future as the shift to electric heats up. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit. Hyundai aims to be a top three EV maker by 2030 with 18 new models and two million in sales.

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Baua Electric

APRIL 17, 2024

BCG estimates that most automakers lose around $6,000 on each EV they effectively sell for $50,000, that price accounting for any tax credits or other incentives the customer might be eligible for. GM was supposed to be producing hundreds of thousands of its Ultium EVs annually by now. appeared first on Bauaelectric Auto News.

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Baua Electric

APRIL 25, 2024

Hyundai’s total auto sales fell 1.5% The automaker believes electric models, like the IONIQ 5 and IONIQ 6, will qualify for the federal EV tax credit, which should help boost demand. FTC: We use income earning auto affiliate links. Hyundai Q1 2024 sales by region (Source: Hyundai) Overall, EVs accounted for 4.5% (vs 6.5%

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Baua Electric

JANUARY 8, 2024

After calling off beats with GM to “beat out Tesla” with a cheap SUV, it has now emerged with news that it is mulling over a $14 billion EV and battery plant in Canada. According to Japan’s Nikkei , the Japanese automaker is looking at several sites in Canada, including one near its auto factory in Alliston, Ontario.

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EV Connect

AUGUST 22, 2022

With strong policy support and aggressive climate initiatives , prioritizing plug-in hybrids and fully electric vehicles makes more sense for auto dealers than ever. Despite the need, though, many auto dealers are hesitant to take on the significant cost of adding EV charging stations to their dealerships. In the U.S. and Canada.

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Baua Electric

MARCH 14, 2024

The news comes after Hyundai introduced a new trade-in program in its home market, offering new discounts to encourage drivers to switch to electric vehicles. Including Kia, Hyundai Motor topped Ford and GM for second place in the US EV market, trailing only Tesla. appeared first on Bauaelectric Auto News.

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Baua Electric

MARCH 10, 2024

Which affordable EV regained its EV tax credit eligibility this week? Rivian on Thursday provided the most significant future-product preview since the debut of its R1 series trucks at the 2018 LA auto show. GM confirmed Friday a huge price cut for the 2024 Chevrolet Blazer EV , as it resumed deliveries on the model.

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Baua Electric

APRIL 25, 2024

GM last week announced details regarding its vehicle-to-home (V2H) system, set to launch with the Chevrolet Silverado EV RST , that will help EV owners back up their home without the help of a storage battery like a Tesla Powerwall or a backup generator. GM Energy app The automaker has a bigger vision for the product.

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Teslarati

MAY 9, 2023

“Many auto analysts believe the Inflation Reduction Act (IRA) helps lift all EV boats… that any incentive is better than no incentive. We assume General Motors (GM) splits the tax credit 50%/50% with LGES, and Ford (F) 50%/50% with SK On,” the analyst wrote. We don’t think so.

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