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Tesla Model 3 Highland leases qualify for IRA tax credit loophole

Teslarati

Tesla calculated that Model 3 Highland lease payments would be $329 monthly, excluding taxes and fees. Tesla models eligible for IRA tax credits in 2024 The loophole lies in the IRA’s tax credit qualifications for commercial vehicles. The IRA’s assembly and battery requirements do not apply to commercial vehicles.

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Volkswagen plans North American battery plant, paving way for more EV tax credits

Electrek

Volkswagen Group CEO Oliver Blume recently shared that the company is actively searching for a home for its first battery cell factory in North America. Furthermore, Blume has named Canada specifically as “one logical option.”

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Nissan and Toyota EV tax credit, Stellantis-LG battery plant, cobalt and EV affordability: Today’s Car News

Green Car Reports

The parent company of Jeep, Ram, Dodge, and Chrysler teams up with LG for a battery plant in Canada. Toyota and Nissan are introducing more EVs just in time for buyers to claim the full EV tax credit. We look at how cobalt prices—and some bad U.S. And is cost more.

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Government of Canada investing nearly $15M in new EV chargers across the GTA

Green Car Congress

The Government of Canada announced federal investments totalling nearly $15 million (US$11.2 Since 2016, the Government of Canada has invested $1 billion to make EVs more affordable and chargers more accessible for Canadians and has approved funding to support the installation of more than 34,500 EV chargers to date.

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Canada orders three Chinese companies to divest from Canadian critical minerals companies

Green Car Congress

The Government of Canada has ordered the divestiture of the following investments by three Chinese companies in Canadian critical mineral companies: Sinomine (Hong Kong) Rare Metals Resources Co., Power Metals Corp is a Canadaian mining company exploring and developing cesium, lithium and tantalum assets in Canada.

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VW and Mercedes look to Canada for North American EV battery supply chain

Green Car Reports

Mercedes-Benz and Volkswagen are looking to Canada for supplies of battery raw materials, which should help the automakers meet new eligibility requirements for the United States EV tax credit.

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SK On cobalt-free battery nabs win at Edison Awards

Teslarati

Last week, South Korean battery manufacturer SK On won the Bronze prize for its cobalt-free battery in the Smart Transportation category at the 2024 Edison Awards. The Bronze prize for SK On’s cobalt-free battery marks the second consecutive year the company was recognized at the Edison Awards. In January 2024, Volkswagen ID.4