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Australia’s resources minister seeks investment from S.Korea, Japan – ET Auto

Baua Electric

Australia’s resources minister has begun a week long trip to South Korea and Japan to discuss gas exports and critical minerals opportunities, as its government on Monday released a “prospectus” of 52 investment ready critical minerals projects. .

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EV tax credit score rules will have to be adopted, Manchin tells Treasury

Baua Electric

“My comment is simple: Follow the law,” he wrote in an 11-page letter to Treasury, explaining that the tax credit score’s objective is “no longer to promote the purchase and use of [EVs] … but to promote reliable domestic supply chains for the critical minerals and battery components” had to energy them.

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Epsilon seeks US-Japan-style deal amidst low-key minerals auction | Autocar Professional

Baua Electric

The need of the hour, he believes, is an aggressive push for an agreement on critical minerals with the United States, similar to the one Japan scored along with the Inflation Reduction Act (IRA). The deal allows battery materials sourced from Japan to qualify US customers for IRA subsidies.

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Nissan and Honda may team up to slash EV prices and take on Chinese automakers like BYD

Baua Electric

BYD Dolphin EV Honor Edition (Source: BYD) After launching in Japan last year, BYD already accounted for 20% of Japan’s EV imports in January. China’s surging EV growth pushed the nation ahead of Japan to become the leading global vehicle exporter last year. With the $7,500 EV tax credit, the EV starts at under $40,000.

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Progress! IRA signed into law

Electric Auto Association

EV provisions The legislation creates a new and used EV tax credit, extending the tax credit on some new EVs to 2032 while shifting tax incentives to more affordable models that are manufactured in North America. This will support millions more low- and middle-income families than the original credit.

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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. is keeping a midterm assembly with analysts and press in attendance in Japan on Aug.

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2024 Nissan Ariya costs up to $6,000 less, Tesla adapter coming

Baua Electric

The Ariya is built in Japan and thus doesn’t qualify for the $7,500 federal EV tax credit. The post 2024 Nissan Ariya costs up to $6,000 less, Tesla adapter coming appeared first on Bauaelectric Auto News. But it’s in good company, as stricter rules mean the list of 2024 EVs that qualify is very short.

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