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NIO takes hardline approach on vlogger with legal action

Teslarati

Similar to fellow EV maker Tesla, which has taken a hardline approach to inaccurate reports, NIO has taken the legal route to counter misinformation that has reportedly harmed the company. NIO noted that the vlogger’s comparison was incorrect , especially since Norway exempts EVs from import duties and value-added tax.

Legal 98
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Less is more with this ‘street-legal’ tiny Chinese electric SUV

Baua Electric

I stumbled across these $2,600 gems while perusing Alibaba, and one of the first things to catch my eye was the “street-legal” moniker in the title. Of course, don’t expect that advertised $2,600 price to hold up for very long. But hey, tiny electric SUVs aren’t exactly growing on trees around here, either.

Legal 52
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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. The good news is that there are now tax credits for individuals and businesses that buy or lease a new or used electric vehicle! First, the easy part: How do I claim the $7,500 EV tax credit?

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Liontown and Tesla enter into a binding term sheet for supply of lithium from Kathleen Valley project

Green Car Congress

Australia-based battery materials company Liontown Resources Limited entered into a legally binding sales and purchase term sheet with electric vehicle manufacturer Tesla for the supply of spodumene concentrate. Using today’s market pricing, the contract terms would deliver an SC6.0 billion (US$3 billion) and IRR of 57%.

Supplies 243
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Ford Scales Back Michigan Battery Plant Investments

The Truth About Cars

Ford has said it will restart construction on the electric vehicle battery facility it’s building in Marshall, Michigan, after pausing work when the UAW strike kicked off a couple months ago. As stated previously, we have been evaluating BlueOval Battery Park Michigan in Marshall. Tesla has remained the exception, rather than the rule.

Michigan 107
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China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO

The Truth About Cars

Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. With an eye on reducing America’s dependence on Chinese batteries and materials, the Act incentivizes automakers to source materials from free-trade-compliant countries and build EVs in North America. by 2025 or shortly after.

China 98
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New tax rule could save consumers thousands on home energy tech

My Energi

Earlier this week (11 December), the government announced that VAT relief on Energy Saving Materials (ESMs) in residential buildings will be extended to include home batteries, power diverters and water-source heat pumps from 1 February 2024.

Energy 52