Teslarati

APRIL 5, 2023

Tesla will be receiving lithium supplies from Quebec, giving it an edge in meeting the Inflation Reduction Act’s battery requirements for EV tax credits. Tesla and LG Chem are among the list of battery and electric vehicle manufacturers that will receive spodumene concentrate from NAL in Quebec.

Tax Credit 118

Tax Credit Tax North America Supplies 118

Teslarati

APRIL 17, 2023

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.

Tax Credit 123

Tax Credit Silverado Chevrolet Tax 123

The Truth About Cars

JANUARY 4, 2024

The EV tax credit rules changed again at the beginning of 2024, and stricter requirements on battery materials sourcing cut several previously qualified models from the list. The stricter battery sourcing rules aim to take some of the wind out of China’s sails in the EV race.

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Tax Credit GM Tax Cadillac 111

Baua Electric

APRIL 4, 2024

Battery materials and technology company NOVONIX has been selected to receive a $103-million tax credit under section 48C of the Qualifying Advanced Energy Project Allocation Program, to support production of critical battery materials at its Riverside facility in Chattanooga, Tennessee.

Tax Credit 52

Tax Credit Tennessee Tax Production 52

Baua Electric

MAY 3, 2024

Manufacturers may temporarily exclude certain impracticable-to-trace battery materials from FEOC compliance until 2027 as long as they demonstrate how they plan to comply by then, Treasury said. 1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles.

Tax Credit 52

Tax Credit Tax Chinese Auto 52

Baua Electric

JANUARY 25, 2024

4 electric crossovers on sale now are eligible for the full $7,500 federal EV tax credit, VW confirmed Wednesday in a press release. VW notes in the release that it’s the first foreign automaker to qualify under tightened rules relating to battery supply that took effect at the start of the year. 2024 Volkswagen ID.4

Tax Credit 52

Tax Credit Tax Tennessee General Motors 52

Green Car Congress

JANUARY 6, 2020

After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). We have secured a global supply chain and manufacturing capacity that will result in projected production of more than 1 million vehicles between 2022 and 2027. 80 kWh lithium-ion battery pack.

Tax Credit 243

Tax Credit Fisker SUV Tax 243

Baua Electric

JANUARY 24, 2024

4s will qualify for the full US EV tax credit in 2024 – here’s the lowdown on eligibility. 4s with US-manufactured SK On battery components placed in service in 2024 will be eligible for the full $7,500 federal tax credit. AWD cars and 62 kWh Standard and S trims have SK-supplied batteries.

Tax Credit 52

Tax Credit Tax Solar Georgia 52

EV Life

JANUARY 11, 2024

Colorado is one of the newest states looking to accelerate widespread EV adoption through aggressive financial incentives, introducing an electric vehicle tax credit for its residents in 2023. This is great news for Tesla fans, as many Tesla models qualify for the credit. And the federal tax credit just got even easier to use.

Tax Credit 52

Tax Credit Tax Colorado Tesla 52

Green Car Reports

AUGUST 25, 2022

Mercedes-Benz and Volkswagen are looking to Canada for supplies of battery raw materials, which should help the automakers meet new eligibility requirements for the United States EV tax credit.

Canada 167

Canada Mercedes Tax Credit Supplies 167

Green Car Congress

AUGUST 1, 2023

The US Department of Energy (DOE) released its 2023 Critical Materials Assessment (2023 CMA), which evaluated materials for their criticality to global clean energy technology supply chains. The Assessment focuses on key materials with high risk of supply disruption that are integral to clean energy technologies.

Clean 370

Clean Cleaning Supplies Energy 370

Green Car Congress

MAY 23, 2023

Ford has signed long-term lithium supply agreements with Albemarle, SQM and Nemaska Lithium. The agreement between Ford and SQM will ensure the supply of battery-grade lithium carbonate and lithium hydroxide, essential components to manufacture high-performance electric vehicle batteries.

Supplies 199

Supplies Ford Tax Credit Lithium Ion 199

EV Adoption

FEBRUARY 23, 2021

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.

Tax Credit 98

Tax Credit Tax Sale Plug-in 98

Green Car Congress

MAY 11, 2023

Cirba Solutions, a comprehensive battery materials and management company for end-of-life batteries and gigafactory scrap, selected global professional services company Jacobs to expand manufacturing capacity for sustainable electric vehicle (EV) battery materials across North America.

Tax Credit 218

Tax Credit Batteries Battery Lithium Ion 218

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.

Tax Credit 170

Tax Credit Batteries Battery Tax 170

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.

Tax Credit 52

Tax Credit Tax Personal F-150 52

CleanTechnica EVs

SEPTEMBER 11, 2022

Electric vehicle makers in the US may struggle to qualify their customers for a federal tax credit under new rules set by the Inflation Reduction Act. Topping the list is a supply chain makeover focusing on domestic sources.

Tax Credit 68

Tax Credit Tax Electric Vehicles Vehicles 68

Green Car Congress

NOVEMBER 5, 2022

Battery manufacturer SK On signed a lithium hydroxide supply deal with Chile’s SQM, a move that will further strengthen SK On’s supply chain for critical battery materials in coping with the US “Inflation Reduction Act” (IRA) following its recent deals with Australian lithium developers. million electric vehicles (EVs).

Supplies 273

Supplies Chile Tax Credit New York 273

Green Car Congress

JUNE 16, 2021

SiFAB is a proprietary silicon anode battery technology developed by Unifrax which enables significantly greater energy density in lithium-ion battery systems than prevailing technologies. SiFAB can be mixed into anode slurry with existing battery manufacturing processes. Source: Unifrax.

Manufacturer 417

Manufacturer Building Indiana Tax Credit 417

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.

Supplies 140

Supplies Market Arizona Energy 140

Green Car Congress

SEPTEMBER 7, 2022

Ionic Mineral Technologies ( Ionic MT ), a US-based advanced battery materials technology company, emerged from stealth mode to debut its halloysite-derived nano-silicon, Ionisil, which can be used as a drop-in replacement for graphite in lithium-based batteries.

Tax Credit 418

Tax Credit Convert Tax Supplies 418

Baua Electric

JUNE 12, 2023

“My comment is simple: Follow the law,” he wrote in an 11-page letter to Treasury, explaining that the tax credit score’s objective is “no longer to promote the purchase and use of [EVs] … but to promote reliable domestic supply chains for the critical minerals and battery components” had to energy them.

Tax Credit 52

Tax Credit Tax United States Congress 52

Baua Electric

JANUARY 31, 2024

This year, Tesla’s cheapest cars, the Model 3 compact sedan, lost tax credits for the purchase of EVs under the Inflation Reduction Act. Tesla is expanding its battery facility in Sparks, Nevada to bring the supply chain for cheaper lithium iron phosphate batteries (LFP) to the United States, Bloomberg News reported on Wednesday.

Supplies 52

Supplies Tax Credit Auto Nevada 52

Green Car Congress

DECEMBER 1, 2022

Circulor’s blockchain traceability platform traces complex industrial supply chains from raw or recycled materials through production to final product by creating a digital twin of the material itself at source and connecting all supply chain participants together in order to create accountability.

Economy 330

Economy Building Batteries Battery 330

Green Car Congress

MAY 13, 2023

This paradox requires equivalent supply and demand-side policies to simultaneously reduce power and transportation sector emissions and emissions of aluminum production, the report says. However, the series of bills do not address the main obstacle to producing primary aluminum: access to ample supplies of affordable energy, the report says.

Production 225

Production Tax Credit Tax Electric 225

Green Car Congress

JUNE 20, 2023

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 However, batteries are the fastest-growing demand market for nickel.

Industrial 243

Industrial Industry Global Lithium Ion 243

Green Car Congress

MARCH 30, 2023

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

Price Power Powered Tax Credit 404

The Truth About Cars

DECEMBER 27, 2023

EV batteries weigh hundreds of pounds and require several minerals and other materials that have to be mined. New battery chemistries and designs may help alleviate some of that pressure, but it will be some time before that happens, and the damage will have been done. As The Washington Pos t points out, the U.S.

Supplies 116

Supplies South Africa Tax Credit Washington 116

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.

Tax Credit 114

Tax Credit Energy Tax North America 114

Green Car Congress

AUGUST 16, 2023

However, ensuring enough qualifying supply to meet that demand faces “considerable challenges,” according to a new analysis by S&P Global. Copper is not currently listed as a critical mineral in the United States and does not qualify for IRA tax credits. Nickel is the most challenged in terms of supply, the study says.

Global 370

Global Chile United States North America 370

Green Car Reports

FEBRUARY 6, 2023

That may allow these new EVs, and their related battery production facility, to qualify for U.S. tax credits and supply-chain incentives. BMW's next-generation EVs will be built in San Luis Potosí, Mexico, as well as two European production sites, the automaker confirmed in a press release Friday.

Mexico 146

Mexico BMW Tax Credit Tax 146

Green Car Congress

APRIL 8, 2022

These investments will contribute to the development of a domestic zero-emissions vehicle value chain, including batteries, permanent magnets, and other electric vehicle components. Critical Mineral Opportunities in Canada. Source: Budget 2022. In total, Budget 2022 proposes to provide up to $3.8

Canada 468

Canada Tax Credit Nickel Lithium Tax 468

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. This domestic supply chain could help several automakers qualify for US federal tax credits as well.

North America 91

North America America Supplies Tax Credit 91

Green Car Congress

MAY 17, 2023

Ionic Mineral Technologies, a developer of advanced silicon anode battery materials, launched its Generation 1 Ionisil nano-silicon product for Li-ion cell manufacturers. This technology can increase the capacity at the anode level by >100% compared to graphite batteries. Earlier post.) million metric tons of synthetic graphite.

Li-ion 259

Li-ion Manufacturer Lithium Ion Production 259

Green Car Congress

MARCH 31, 2010

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. In tandem with the purchase process, Nissan will offer personal charging docks, which operate on a 220-volt supply, as well as their installation. Earlier post.).

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Tax Credit Tax Nissan 2011 186

Green Car Congress

JUNE 18, 2021

million in Excelsior Jobs Program tax credits in exchange for job creation commitments for the iM3NY project. iM3NY has an exclusive North American technology license agreement with C4V, a Binghamton, NY-based R&D company with IP/patented technologies in the development and design of environmentally friendly lithium-ion batteries.

New York 468

New York Lithium Ion Tanzania Tax Credit 468

Green Car Congress

FEBRUARY 11, 2023

Redwood will draw upon this milestone-based financing in tranches that support phased construction and allows the company to unlock funding as it accelerates the construction and expansion of its first battery materials campus. This will provide enough battery materials to produce more than one million electric vehicles a year domestically.

Lithium Ion 170

Lithium Ion Batteries Battery Nevada 170