Teslarati

MARCH 29, 2023

The United States Department of Treasury’s battery sourcing guidance might slash EV Tax credits from the Inflation Reduction Act (IRA). The Treasury will release the battery guidance for the IRA EV tax credits this Friday, April 1, 2023.

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Tax Credit Tax Batteries Battery 56

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. In January 2024, Volkswagen ID.4

Tax Credit 95

Tax Credit Batteries Battery North America 95

Blink Charging

FEBRUARY 23, 2023

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. First, the easy part: How do I claim the $7,500 EV tax credit?

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Tax Credit Tax Electric Vehicles North America 72

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. Initially, the credits were set to only apply to vehicles delivered on or before March 31. The other has to do with the region of manufacturing.

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Tax Credit Tax North America United States 75

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.

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Tax Credit Batteries Battery Tax 170

Electrek

SEPTEMBER 23, 2022

Carbon-conscious mining company Snow Lake Lithium and battery production specialist LG Energy Solution announced they have signed a Memorandum of Understanding (MOU) to establish a domestic supply chain of lithium in North America.

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North America America Supplies Tax Credit 80

Green Car Reports

NOVEMBER 30, 2022

Hyundai and battery supplier SK On are partnering to meet the new battery sourcing requirements of the Inflation Reduction Act (IRA).

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Hyundai Tax Credit North America Batteries 134

The Truth About Cars

APRIL 17, 2023

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. Alternatively, the batteries can be produced from materials recycled in North America.

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Tax Credit Tax North America Chevrolet 75

EV Life

OCTOBER 7, 2023

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Tax Credit Tax Buy Purchase 52

EV Life

MAY 19, 2023

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. Battery components.

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Tax Credit Tax Personal F-150 52

Green Car Congress

MAY 3, 2023

Ford is re-opening its order banks for the all-electric Mustang Mach-E as completed plant upgrades support production ramp in the second half of 2023, with feature improvements including increased range for standard range battery models to a targeted EPA-estimated range of 250 miles for RWD and 226 miles for eAWD. Earlier post.)

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Standards Range Ford Price 417

Green Car Congress

AUGUST 16, 2023

Source: Inflation Reduction Act: Impact on North America Metals and Minerals Market Demand for copper will be 12% higher by 2035 than pre-IRA projections. Copper is not currently listed as a critical mineral in the United States and does not qualify for IRA tax credits.

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Global Chile United States North America 370

Teslarati

SEPTEMBER 17, 2022

Tesla is still planning to build electric vehicle battery cells in Germany at Giga Berlin, and faster than previously projected. Earlier this week, the Wall Street Journal reported Tesla was planning to delay battery cell production outside of the United States as recently-signed tax credit plans benefit domestic battery manufacturing.

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Building Tax Credit Batteries Battery 145

Green Car Congress

AUGUST 9, 2023

The Argo Series is designed to support all medium-duty applications across Class 4-6—including box trucks, step vans, shuttle buses, refrigerated vehicles, vocational vehicles, and other specialties—and is built on top of Motiv’s next-generation powertrain, including a 150-200 mile range LFP battery.

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Power Powered Tax Credit Fleet 370

The Truth About Cars

DECEMBER 28, 2023

Today, most EVs use lithium-ion batteries, just like the phone in your pocket. While the battery chemistry is well-known and thoroughly tested at this point in time, the setup has weaknesses that could be addressed by alternative designs.

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Sodium Chinese Battery Powered Lithium Ion 98

Green Car Congress

FEBRUARY 24, 2021

Mitsubishi Motors North America, Inc. Outlander PHEV is substantially upgraded for 2021, and features a revised powertrain, an enlarged battery pack offering extended all-electric range, and increased performance from a new, more efficient, 2.4 The Outlander PHEV’s main drive battery capacity also grows from 12.0

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PHEV Mitsubishi Batteries Battery 243

Baua Electric

JANUARY 1, 2024

Over the last few months, Tesla has released a bunch of new statements about changes to the eligibility of its electric vehicles to the federal tax credit in 2024. We are still calling it a “tax credit”, but it is effectively a point-of-sale incentive starting today.

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Tax Credit North America Tax Tesla 52

Baua Electric

FEBRUARY 1, 2024

A new report states that Tesla is going to build a small new LFP battery cell factory with CATL machines in Nevada. The publication wrote: The automaker plans to buy machinery from CATL, as the battery maker is known, and install it in the city of Sparks, said the people, who asked not to be identified. I just recommend caution.

Building 52

Building Tax Credit Nevada North America 52

Blink Charging

JANUARY 19, 2024

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America.

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Tax Credit Tax North America Clean 94

Teslarati

FEBRUARY 15, 2024

LG Energy Solution (LGES) signed an offtake agreement with WesCEF to expand its lithium supply chain for the North American market. According to the agreement , WesCEF will supply the South Korean battery supplier with up to 85,000 tons of lithium concentrate. It expects to start production by the first half of 2024.

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Supplies Market Arizona Energy 104

Green Car Congress

JANUARY 9, 2010

billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. The 183 projects in 43 states include several for the manufacturing of advanced batteries; biomass projects; and vehicles. GE claimed the largest of the battery-related awards, with a $25.5

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Tax Credit Obama Tax Clean 210

Green Car Congress

SEPTEMBER 15, 2022

1 4WD low range ratio, heavy-duty Dana 44 axles and a new entry price point to the 2023 model year Wrangler 4xe lineup, which continues to be the best-selling plug-in hybrid in America. —Jim Morrison, senior vice president and head of Jeep brand North America. Willys 4xe factory suspension lift delivers 10.1 liter engine.

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Jeep PHEV Tax Credit Volt 369

Teslarati

JANUARY 29, 2024

This positive trend was partially fueled by tax credits from the U.S. billion KRW from the IRA tax credit, which grew 16% from the previous quarter due to a solid performance from LGES factories in the United States. Excluding the tax credit: Operating profit would be KRW 88.1 from the same period last year.

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Tax Credit Energy Tax North America 73

Baua Electric

APRIL 1, 2024

battery-supply deal with China’s CATL, Car News China reports. The deal reportedly being discussed would bring that partnership to North America in the form of a joint battery plant located in either the U.S. or Mexico, along with a GM license agreement for CATL’s LFP battery tech. car manufacturing.”

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GM Ford Batteries Battery 52

Baua Electric

MARCH 28, 2024

General Motors (GM) is reportedly in talks with battery giant CATL to license its cheaper LFP battery tech. The plans could include a new joint North American plant to produce the new batteries. GM is ramping up production of its Ultium-based models after it “turned the corner” at its battery factory in Detroit.

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GM Batteries Battery North America 52

Teslarati

OCTOBER 24, 2023

LG Energy Solution (LGES) recently announced that its battery facility in Arizona will become a key production hub for 46-series cylindrical cells in North America. The Korean battery supplier’s operating profit included the estimated IRA tax credit amount of KRW 215.5 billion to $5.5 billion, up 58.7%

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Arizona Tax Credit Energy Tax 102

Teslarati

APRIL 25, 2023

Hyundai and SK On recently released more information on its battery cell production facility in the United States. The South Korean companies invested $5 billion in Bartow Country, Georgia, to build the EV battery plant. Each company is taking a 50% stake in the Georgia battery facility.

Hyundai 66

Hyundai Georgia North America Batteries 66

Baua Electric

APRIL 28, 2024

SK Innovation Co Ltd said on Monday its SK On battery-making unit is on target to breakeven in the second half of this year after it posted a forecast-beating operating profit in the first quarter, sending its shares up over 6.0%. billion won in the previous quarter due to fewer EV battery shipments. rise as of 0336 GMT.

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Auto Batteries Battery South Korea 52

Teslarati

NOVEMBER 9, 2023

The company will not only build an EV that costs less than $35,000, but it also plans to localize the assembly of battery packs to qualify for Inflation Reduction Act incentives, helping the car qualify for the full $7,500 tax credit.

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North America Tax Credit America Affordable 98

Teslarati

MAY 31, 2023

LG Energy Solutions (LGES) and Hyundai teamed up to build a battery cell manufacturing plant in the United States. Hyundai Motor Group and LGES signed a memorandum of understanding on May 26 in Seoul, Korea, for a battery cell manufacturing facility in Bryan County, Savannah, Georgia. based battery plant.

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United States Hyundai Georgia Energy 82

The Truth About Cars

MARCH 28, 2024

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.

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China Tax Credit Chinese North America 79

Green Car Congress

MARCH 31, 2010

Nissan North America, Inc. Including the $7,500 federal tax credit for which the Nissan LEAF will be fully eligible, the consumer’s after-tax net value of the vehicle will be $25,280. Charging dock and installation are eligible for a 50 percent federal tax credit up to $2,000. Earlier post.).

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Tax Credit Tax Nissan 2011 186

Teslarati

JUNE 5, 2023

Tesla battery supplier Panasonic is accelerating plans to increase battery cell production at Gigafactory Nevada. Increasing battery production at Giga Nevada would likely help Tesla increase its vehicle production capacity and benefit from the Inflation Reduction Act’s (IRA) electric vehicle (EV) tax credits.

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Nevada Kansas Batteries Battery 88

Teslarati

OCTOBER 19, 2022

During the recent earnings call a TSLA shareholder asked to elaborate on Tesla’s ability to meet the requirements for consumer tax credit eligibility under the Inflation Reduction Act. EV tax credits for Tesla and other capped-out automakers revived thanks to Senate deal. “Yes.

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Tax Credit Tesla Tax North America 104

Teslarati

JUNE 20, 2023

Tesla stock ( NASDAQ: TSLA ) popped more than 3 percent on Tuesday after news of its collaboration with Rivian ( NASDAQ: RIVN ), which will see the latter automaker adopt the former’s North American Charging Standard (NACS) for its vehicles. vehicles helped Tesla regain the full $7,500 credit for all three cars.

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Tax Credit Market Tesla North America 130

EV Life

OCTOBER 21, 2023

The most significant incentive, outlined in the Inflation Reduction Act of 2022 , comes in the form of a $7,500 tax credit for eligible drivers and vehicles. As with most government incentive programs, there are a lot of rules and restrictions regarding who qualifies for the credit. However, there’s a catch.

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Tax Credit Tax Financing North America 52

Electric Auto Association

SEPTEMBER 9, 2022

EV provisions The legislation creates a new and used EV tax credit, extending the tax credit on some new EVs to 2032 while shifting tax incentives to more affordable models that are manufactured in North America. This will support millions more low- and middle-income families than the original credit.

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Tax Credit North America Tax Kentucky 90