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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

Green Car Congress

T&E used publicly available information to assess the 50 gigafactories announced in Europe based on their finance and permits, whether they had secured a location, and the companies’ links to the US. EU battery manufacturing is caught in the crossfire between America and China. Europe must act or risk losing it all.

Companies 430
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Malaysia wants EVs to be tax-free, duty-free to encourage consumers to buy

Teslarati

Malaysian government officials are petitioning and working toward making electric vehicles exempt from taxes, including import and excise duties, as well as road taxes. According to Paultan , a Malaysian automotive news site, supporting politicians are proposing a 100% exemption from the road tax for EVs.

Malaysia 145
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ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

Green Car Congress

Minor changes to an existing Federal tax incentive for second-generation biofuels (i.e., Some of the ICCT recommendations are mirrored in the recently released Baucus draft proposal for tax reform ( earlier post ), notes Dr. Chris Malins of the ICCT, one of the study’s co-authors. The Renewable Fuel Standard (RFS2) in the U.S.

Tax 262
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Electric Vehicle Spotlight: Financing a Chevrolet Bolt EUV

EV Life

Chevrolet has continued that trend in the last few years—emerging as a major leader in the electric vehicle industry. We’ll also explore the best ways to save money on the purchase of a Bolt EUV by taking advantage of available EV incentives with an EV Climate Loan through EV Life. Colorado Electric Vehicle Tax Credit.

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Tesla launches limited-time 0.99% APR loan rate on U.S. Model Y orders

Teslarati

On Friday night, Tesla launched the promotional financing on its website for the Model Y, offering a 0.99 percent APR interest rate for buyers who finance the electric vehicle (EV) on an order placed by May 31.

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Hybrid used more for “tax breaks” rather than for zero emissions’: PB Balaji of Tata Motors | Autocar Professional

Baua Electric

Taking a dig at the push for hybrid vehicles, Tata Motors’ Group CFO, PB Balaji, cast doubt on the technology’s environmental benefits, suggesting it’s primarily driven by tax breaks rather than a commitment to clean mobility. In 2023, the industry witnessed the share of hybrid vehicles increase to around 2% from 1.7%.

Tax 40
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Archer Aviation selects site in Georgia for eVTOL manufacturing facility

Green Car Congress

11/14/2022 The selection of the site for its manufacturing facility represents a key next step as Archer works towards its goal of being first in the industry to bring up a high-capacity production facility. Archer will receive an incentive package, which includes land conveyance, tax incentives and Georgia REBA grant.

Georgia 199