article thumbnail

Imperium3 New York produces its first full-sized prismatic cells

Green Car Congress

Australia-based Magnis Energy Technologies Limited announced that Imperium3 New York (iM3NY) has produced its first full-sized prismatic cells ahead of schedule for limited testing and customer sampling in Q3 2021. million in Excelsior Jobs Program tax credits in exchange for job creation commitments for the iM3NY project.

New York 468
article thumbnail

New York State adjusts EV rebate program, adds $30M

Green Car Congress

An additional $30 million is now available through New York State’s Drive Clean Rebate program to encourage more consumers to lease or purchase an all-electric car or plug-in hybrid electric vehicle. Since 2010, more than 81,000 electric vehicles have been sold in New York State. New York City. REDC Region.

New York 321
article thumbnail

Kia looks to secure US federal tax credit for EV9 in 2025

Teslarati

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. By producing the EV9 in Georgia, the all-electric SUV could qualify for a partial EV tax credit. The vehicle is equipped with a 99.8

article thumbnail

How Does the Electric Car Tax Credit Work in 2023?

Setec Powerr

One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1 In 2023, the tax credit remains available for eligible new electric vehicles but has undergone some changes compared to previous years.

article thumbnail

J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

The first evidence can be seen in consumer interest in the Ford Mustang Mach-E and the Tesla Model Y following the reclassification of both vehicles as SUVs, which made them eligible for a $7,500 federal tax credit under the Inflation Reduction Act. Consumers responded immediately with a 3.4

Price 404
article thumbnail

New York launches $19M truck voucher incentive program; $9M for EVs, $10M for alt fuels

Green Car Congress

New York Governor Andrew M. Cuomo announced a $19-million New York Truck Voucher Incentive Program to encourage the purchase of battery-electric commercial trucks as well as other energy-efficient transportation, including hybrid and CNG (compressed natural gas) trucks.

New York 270
article thumbnail

Imperium3 consortium forms to establish Li-ion battery gigafactory in NY state; 3 GWh by Q4 2019 to grow to 15 GWh

Green Car Congress

New York Governor Andrew M. Cuomo announced that Imperium3 New York, Inc., The “Southern Tier” refers to counties in New York state west of the Catskill Mountains and along the Southern border of the state. C&D Assembly (Groton) is supplying electronic board assembly and battery testing.

Li-ion 150