article thumbnail

U.S. Government Delays Even-Stricter EV Tax Credit Rules

InsideEVs

Vehicles were set to become ineligible for the tax credit in 2025 if their batteries contained Chinese-sourced graphite. The new rules delay that requirement.

article thumbnail

EVs with Chinese parts won’t qualify for the full $7,500 tax credit from 2024

Electrek

The US government has released guidance that will make it harder for EVs to qualify for the full $7,500 tax credit if their batteries contain Chinese components or minerals. more… The post EVs with Chinese parts won’t qualify for the full $7,500 tax credit from 2024 appeared first on Electrek.

article thumbnail

Canada orders three Chinese companies to divest from Canadian critical minerals companies

Green Car Congress

The Government of Canada has ordered the divestiture of the following investments by three Chinese companies in Canadian critical mineral companies: Sinomine (Hong Kong) Rare Metals Resources Co., Limited is required to divest itself of its investment in Power Metals Corp.

Canada 353
article thumbnail

Novel Sodium-Ion Battery-Powered EVs To Hit Chinese Streets in January

The Truth About Cars

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.

Sodium 110
article thumbnail

Tesla Model 3 RWD, Long Range Will Lose the Entire EV Tax Credit In 2024

InsideEVs

Tesla’s most affordable EV takes a hit because of its Chinese-sourced batteries.

article thumbnail

Proposed Changes to Federal EV Tax Credit – Part 5: Making the Credit Refundable

EV Adoption

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers.

article thumbnail

After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

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.”

GM 52