Remove Building Remove Buy Remove Georgia Remove Tax
article thumbnail

Hyundai fast-tracks start of EV production in the US as it gains recognition with its own day

Baua Electric

February 26, 2024, will forever be known as Hyundai Day in the state of Georgia as the automaker gears up to begin production at its first dedicated EV and battery plant in the US later this year. Hyundai announced its fast-tracking production at its Hyundai Motor Group Metaplant America (HMGMA) in Georgia. Hyundai is investing $7.59

Hyundai 52
article thumbnail

Rivian cuts prices on its base R1T and R1S ahead of R2 launch

Teslarati

The base model Rivian R1T and R1S now start at $71,700 and $76,700, respectively, including shipping but before a $3,750 federal tax credit—though buyers can also access the full $7,500 if leasing. “Price continues to be a leading factor in why people don’t buy EVs, so anything Rivian can do to lower that barrier is a good idea.”

Price 104
article thumbnail

Westwater Resources is building a facility in Alabama to process one of the largest graphite deposits in the US

Charged EVs

The company is currently building a graphite processing plant in Kellyton, Alabama. Fast forward to today and Westwater is building a graphite plant in Alabama, and people are eager to buy our capacity. If you do the math and make some assumptions, it means $550-600 of the total tax credit is attributable just to graphite.

Alabama 52
article thumbnail

Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

Georgia Power. Southern Company: Georgia Power. It will also list current tax credits and incentives applicable to EV charging. This commitment signifies the beginning of a collaboration between the government and industry to increase the deployment of electric vehicle charging infrastructure. Dayton Power & Light Company.

Obama 150
article thumbnail

Hyundai Motor Plans On Building More Hybrids Inside North America

The Truth About Cars

Hyundai Motor reportedly plans on using preexisting investments slated for its new EV facility in Georgia to pivot toward hybrid vehicles, as all-electric models haven’t seen the kind of adoption rates that would warrant an entire factory — let alone the plant that will become its largest outside of South Korea.

article thumbnail

Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

The IRA, which, in addition to its climate-centric provisions, includes important steps to curb healthcare costs, particularly in the form of inflated prescription drug prices, crack down on tax cheats and revitalize U.S. Honda announced just days ago that it has struck a deal with Korean battery giant LG Energy Solution to build a $4.4