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GM expects Chevrolet Silverado EV to get full $7,500 tax credit

Teslarati

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. The Chevrolet Silverado EV will be equipped with GM’s Ultimum Platform and probably the Ultium battery pack. Treasury’s proposed guidance on critical minerals and battery component requirements.

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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.

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DOE awards $98M in tax credits to automakers and suppliers for clean technology manufacturing

Green Car Congress

The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. Funded at $2.3 Lead organization. Description.

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Ram hydrogen fuel-cell truck, BMW EV batteries, rural charging: Today’s Car News

Baua Electric

EV battery production for BMW is setting up south of the border. BMW has started building a battery plant in Mexico that will provide more energy-dense cylindrical cells for longer range and faster charging in next-generation Neue Klasse EVs. Ram aims to scale up its hydrogen fuel-cell muscle. Privacy Policy.

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Stellantis EV battery plant building resumes then monetary trade in with executive

Baua Electric

Building of a $3.7-billion billion electric-vehicle battery plant collectively owned through Stellantis and LG Power Resolution has resumed, the automaker mentioned July 5 NextStar Power, the identify of the three way partnership in Windsor, Ont., The automaker halted some building Would possibly 15. Below phrases of that U.S.

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Ford prices C-MAX Energi plug-in hybrid at $29,995 after federal tax credit; expects conquest rate of about 50%

Green Car Congress

Its eligibility for a $3,750 federal tax credit drops that to $29,995. Both Prius Plug-in models qualify for a federal tax credit of $2,500. C-MAX Energi also is expected to qualify for additional tax credits up to $1,500 in California. The base MSRP for the Prius Plug-in Hybrid is $32,000.

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Michigan Adds Another $220M in Tax Incentives for Advanced Battery Companies

Green Car Congress

Michigan Governor Jennifer M. Granholm signed legislation that increases tax incentives for companies that develop and manufacture advanced batteries. This expands the $335 million in tax credits that Governor Granholm signed in January, which were the first in the nation, bringing total incentives available to $555 million.

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