Remove Blog Remove China Remove Tax Remove Tax Credit
article thumbnail

EV Tax Credit Changes: Ford Mustang Mach-E Unlikely to Qualify in 2024

The Truth About Cars

Earlier this year, the rules around EV tax credits seemed to be changing every other week. While things have calmed down since then, we’re about to see more action on the topic, as the Treasury recently released new guidance on battery materials sourcing that will upend credits for some EVs.

article thumbnail

Elon Musk Continues Insulting Biden Admin’s EV Tax Credit Scheme

The Truth About Cars

Elon Musk has continued bashing the Biden administration’s tax credit legislation designed to spur electric vehicle adoption, this time suggesting that the entire bill be scrapped. The post Elon Musk Continues Insulting Biden Admin’s EV Tax Credit Scheme appeared first on The Truth About Cars.

article thumbnail

How New Eligibility Criteria for the Electric Vehicle Tax Credit Affects You

Blink Charging

Opting for an electric vehicle and leveraging the EV tax credit to help with your next electric vehicle purchase is a smart move. One such incentive is the Clean Vehicle Credit , a key component of the Biden administration’s Inflation Reduction Act. View IRS instructions for claiming credit.

article thumbnail

China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO

The Truth About Cars

Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. Now, China is expressing its unhappiness with the legislation by raising a dispute with the World Trade Organization. Legal experts say this case might not be so airtight for China, noting that the U.S.

China 74
article thumbnail

EV Supply Chains May Be Dirtier Than You Think

The Truth About Cars

That could raise EV prices initially, as much of the existing sourcing and refining infrastructure lies in China, and upcoming changes to the tax credit rules will make vehicles with Chinese-sourced or refined materials ineligible. As The Washington Pos t points out, the U.S. Image: Chevrolet] Become a& TTAC insider.

Supplies 103
article thumbnail

The Volvo EX30 Is Delayed to Fix Software Issues

The Truth About Cars

Volvo will start building the EX30 at its factory in China, but a Belgian facility will take up production in 2025. after Volvo gets the EX90 rolling at its South Carolina factory, which will open at least partial EV tax credit eligibility for both models. Production will begin in the U.S.

Volvo 80
article thumbnail

Tesla Reveals New Model 3 for Some Global Markets

The Truth About Cars

The new car is on sale in China now, bringing refined styling, increased range, and a fresh interior. & That Tesla released the Model 3 in China first isn’t that surprising. but the timing will likely coincide with production starting at its American factories to meet federal tax credit requirements.&

Global 78