Drive Electric

MAY 25, 2021

April 2020 was a watershed moment for electric vehicles (EVs) as company cars. The UK government slashed electric company car tax, instantly making EVs much more attractive for businesses and employees. Here we take a look at what company car tax is, what’s changed, and how it compares between different types of cars.

Tax 95

Tax Companies Cars Electrical 95

Teslarati

DECEMBER 3, 2023

The White House issued new guidance on federal electric vehicle (EV) tax credits this week, including a key exemption that’s considered a win for many automakers, as it offers extra time for companies attempting to set up battery production operations in the U.S. to switch to domestic minerals. According to the U.S.

Tax Credit 107

Tax Credit Tax North Korea Iran 107

Green Car Congress

MAY 11, 2023

Cirba Solutions, a comprehensive battery materials and management company for end-of-life batteries and gigafactory scrap, selected global professional services company Jacobs to expand manufacturing capacity for sustainable electric vehicle (EV) battery materials across North America.

Tax Credit 218

Tax Credit Battery Batteries Lithium Ion 218

Teslarati

NOVEMBER 29, 2023

The reprieve would concern the eligibility of electric vehicles for the IRA’s tax incentives. One of the biggest concerns about the IRA’s requirements for EV tax credit eligibly regards battery packs, cells, and the materials used to manufacture them. We are going to have lots of battery capacity in the United States.

Tax Credit 93

Tax Credit Tax United States North America 93

Teslarati

DECEMBER 12, 2023

Tesla updated its configuration page recently, informing customers that select Tesla Model 3 variants will not qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit in 2024. The Tesla Model 3 Rear-Wheel Drive (RWD) and the Long Range variant qualify for the IRA’s $7,500 tax credit until December 31, 2024.

Tax Credit 99

Tax Credit Tax Tesla North Korea 99

Baua Electric

APRIL 4, 2024

Battery materials and technology company NOVONIX has been selected to receive a $103-million tax credit under section 48C of the Qualifying Advanced Energy Project Allocation Program, to support production of critical battery materials at its Riverside facility in Chattanooga, Tennessee.

Tax Credit 52

Tax Credit Tennessee Tax Production 52

Teslarati

JANUARY 2, 2024

electric vehicle (EV) tax credit have taken effect, significantly limiting the number of qualifying options in 2024. Despite the list of qualifying EVs getting shorter , the 2024 guidance also lets sellers offer the rebate at the point of sale , rather than buyers being forced to wait until doing their taxes. New rules for the U.S.

Tax Credit 105

Tax Credit Tax F-150 PHEV 105

Teslarati

APRIL 22, 2024

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.

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Tax Credit Battery Batteries North America 108

Teslarati

MARCH 2, 2023

The Nevada Governor’s Office of Economic Development (GOED) Board approved a $330,250,366 million tax break for Tesla. Listed below are the taxes Tesla could generate, assuming it invests all $3.6 million in gross average annual property tax revenues $11.2 million in gross average annual sales taxes $1.1

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Nevada Tax Tesla 2014 127

Green Car Congress

OCTOBER 22, 2020

The purchase of an XC40 Recharge may qualify for a federal tax credit of up to $7,500. In about 40 minutes, the 78 kWh battery can be charged to approximately 80% of its capacity on a 150 kW DC fast-charger. The two companies have been development partners for the past several years. National Charging Network.

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Recharge Volvo Tax Google 400

Teslarati

APRIL 7, 2023

The Tesla Model 3 RWD, the most affordable vehicle in the company’s lineup, will see its federal tax credit reduced from $7,500 to $3,750, as confirmed by an update on Tesla’s official Model 3 page. The reduction in the federal tax credit for the Model 3 RWD will take effect on April 18.

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Tax Credit Tax Tesla United States 114

Green Car Reports

MARCH 28, 2022

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. decisions over resource control—may lead to EV-affordability issues.

Tax Credit 122

Tax Credit Affordable Tax Nissan 122

Green Car Congress

DECEMBER 1, 2022

That’s why Polestar set itself three climate targets: to become climate neutral company by 2040; to halve emissions per sold car by 2030 compared to 2022; and create a climate neutral car by 2030. Our companies have been working together for a few years now and that work started with Circulor tracking cobalt for the Polestar 2.

Economy 330

Economy Building Battery Batteries 330

Green Car Congress

MAY 24, 2023

Circulor’s “digital battery passport” solution is an enabler of a sustainable, responsible, and circular battery value chain and designed for full compliance with forthcoming EU regulatory requirements. Circulor’s approach can also support the automotive industry in proving the requirements of the US Clean Vehicle Tax Credit.

Tax Credit 170

Tax Credit Battery Batteries Tax 170

Baua Electric

MAY 2, 2024

Treasury Department could issue clarifications on federal EV tax-credit eligibility rules as early as Friday, reports Transport Topics. Specifically, vehicles with battery components or critical minerals from companies controlled by certain countries the U.S. China now faces a glut of EV and EV battery production facilities.

Tax Credit 52

Tax Credit Tax South Korea Volvo 52

Teslarati

DECEMBER 13, 2022

During a special meeting, the Robstown Independent School District approved a taxable value limitation for Tesla’s proposed lithium refinery under Chapter 313 of the Texas Tax Code. million on property taxes over that period. The vote was unanimous, hinting at the board’s support for the American electric vehicle maker. .

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Tax Texas Water Tesla 132

Baua Electric

MAY 3, 2024

In a coordinated push through federal agencies, the Biden administration on Friday released a revised set of regulations applying to the EV tax credit that will ultimately make the credit easier to claim for a wider range of vehicles in 2025 and 2026 but no easier for Chinese companies to gain a foothold on the market.

Tax Credit 52

Tax Credit Tax Supplies China 52

Teslarati

NOVEMBER 29, 2023

Denmark planned to start phasing out a tax-free allowance on electric vehicles (EVs) next year, though the country’s latest budget passage will officially postpone those plans. The post Denmark postpones plans to start taxing EV customers appeared first on TESLARATI.

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Denmark Tax Norway Sweden 86

Teslarati

JANUARY 27, 2023

Michigan Senator Debbie Stabenow successfully opposed a proposal by fellow Democrat Joe Manchin of West Virginia to eliminate certain electric vehicle models from being eligible for the Inflation Reduction Act’s (IRA) $7,500 tax credit. It also introduced new regulations for sourcing EV batteries.

Tax Credit 122

Tax Credit Tax West Virginia North America 122

Teslarati

APRIL 8, 2024

Panasonic Energy is discussing a potential joint venture with Indian Oil to produce electric vehicle (EV) batteries in India. The company’s interest in India comes after news broke that Tesla Giga Berlin is producing cars for the country. The Japanese battery supplier plans to produce cylindrical lithium-ion batteries in India.

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India Energy Battery Batteries 115

Green Car Congress

APRIL 11, 2019

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp.,

Tax Credit 304

Tax Credit Tax Hydrogen Congress 304

Teslarati

JULY 12, 2023

Tesla has updated the Model 3 sedan’s landing page with a new message about the all-electric sedan and its eligibility for the US Inflation Reduction Act’s (IRA) federal tax credit. As per the EV maker, reductions to the Model 3’s federal tax credit will likely take effect after December 31, 2023.

Tax Credit 90

Tax Credit Tax Tesla Ford 90

Green Car Reports

JULY 9, 2022

Which company confirmed that it has 1,000 battery swapping stations? Which automaker beat Tesla so far this year in EV sales, according to some reports this past week? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending July 8, 2022.

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Tax Credit Toyota Tax Battery 192

Teslarati

JANUARY 8, 2024

During CES 2024, Panasonic Energy of North America’s president Allan Swan said the Japanese company is still planning to build a third electric vehicle (EV) battery plant in the United States. The Internal Revenue Service (IRS) has already released the list of EVs eligible for tax credits under the Inflation Reduction Act (IRA).

Tax Credit 102

Tax Credit Oklahoma Battery Batteries 102

Electrek

DECEMBER 2, 2022

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. 4 to continue to qualify for US federal tax credits, while opening the door for more EVs under its umbrella to qualify.

Tax Credit 66

Tax Credit Tax North America Tennessee 66

Teslarati

JULY 1, 2022

A plan to tax lithium, which is widely used in the production of electric vehicle batteries, has been approved in California as part of the state’s efforts to generate revenue for environmental remediation projects. The California lithium tax was approved by Governor Gavin Newsom as part of a must-pass state budget on Thursday.

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Tax California General Motors China 98

The Truth About Cars

JANUARY 30, 2024

4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. 4, which start at a base MSRP of $38,995 before the tax credit, a more budget-friendly option in the electric SUV segment. 4 models is conditional on future battery production and may be subject to change. 4 The 2023 ID.4

Tax Credit 52

Tax Credit Tax EPA Tennessee 52

Teslarati

FEBRUARY 2, 2023

Tesla’s Gigafactory Nevada facility will undergo a serious expansion that would allow it to mass produce the Tesla Semi and produce 100 GWh of 4680 battery cells per year. The date is three days before the office is expected to vote on whether Giga Nevada’s expansion is eligible to receive tax breaks or not. Lombardo said.

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Nevada Tax Tesla 2014 119

Baua Electric

JANUARY 25, 2024

4 electric crossovers on sale now are eligible for the full $7,500 federal EV tax credit, VW confirmed Wednesday in a press release. VW notes in the release that it’s the first foreign automaker to qualify under tightened rules relating to battery supply that took effect at the start of the year. 4 to qualify for the tax credit.

Tax Credit 52

Tax Credit Tax Tennessee General Motors 52

Teslarati

JULY 29, 2022

Battery costs are declining quickly, but even Tesla still lists its 300-mile Semi variant with an estimated starting price of $150,000. The bill allocates $369 billion for programs that help fight climate change and preserve the environment, and it also includes a number of revamped EV tax credits.

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Tax Credit Affordable Tax Tesla 145

Teslarati

MARCH 31, 2023

The IRS has updated its guidance relating to the Inflation Reduction Act’s (IRA) tax credit that applies to electric vehicles, with new rules coming into effect on April 18. The post IRS updates IRA EV tax credit guidance, new rules apply April 18 appeared first on TESLARATI. The other has to do with the region of manufacturing.

Tax Credit 87

Tax Credit Tax North America United States 87

The Truth About Cars

DECEMBER 7, 2023

Earlier this year, the rules around EV tax credits seemed to be changing every other week. While things have calmed down since then, we’re about to see more action on the topic, as the Treasury recently released new guidance on battery materials sourcing that will upend credits for some EVs. Image: Ford] Become a& TTAC insider.

Tax Credit 76

Tax Credit Tax Ford Kentucky 76

Green Car Congress

JUNE 16, 2021

SiFAB is a proprietary silicon anode battery technology developed by Unifrax which enables significantly greater energy density in lithium-ion battery systems than prevailing technologies. SiFAB can be mixed into anode slurry with existing battery manufacturing processes. Source: Unifrax.

Manufacturer 417

Manufacturer Building Indiana Tax Credit 417

EV Adoption

JULY 4, 2022

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fuel tax.

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Fuel Tax Tax Electric Vehicles Fuel 98

Teslarati

APRIL 5, 2023

Tesla will be receiving lithium supplies from Quebec, giving it an edge in meeting the Inflation Reduction Act’s battery requirements for EV tax credits. Tesla and LG Chem are among the list of battery and electric vehicle manufacturers that will receive spodumene concentrate from NAL in Quebec.

Tax Credit 108

Tax Credit Tax North America Supplies 108

Green Car Congress

JUNE 20, 2023

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 However, batteries are the fastest-growing demand market for nickel.

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Industrial Industry Global Lithium Ion 243

Green Car Congress

SEPTEMBER 7, 2022

Ionic Mineral Technologies ( Ionic MT ), a US-based advanced battery materials technology company, emerged from stealth mode to debut its halloysite-derived nano-silicon, Ionisil, which can be used as a drop-in replacement for graphite in lithium-based batteries. Photo: Ionic MT).

Tax Credit 418

Tax Credit Convert Tax Supplies 418