Remove Building Remove Mexico Remove News Remove Tax
article thumbnail

Kia to build $30,000 EV3 in Mexico, unlocking US EV tax credit

Electrek

A new low-cost EV is primed to hit the US market. Kia plans to build its new EV3 in Mexico as it looks to take advantage of the US electric vehicle tax credit.

article thumbnail

Biden administration considers penalties for Chinese EV companies in Mexico

Teslarati

The Biden Administration is considering penalties for Chinese electric vehicle (EV) automakers who are moving production to Mexico. On May 14, 2024, the Biden Administration released new tariffs on Chinese EV imports and other sectors to protect American workers and businesses in the United States. According to U.S.

Mexico 103
article thumbnail

Kia and Hyundai to build EVs in Mexico for IRA tax credit eligibility

Electrek

The Governor of New Nuevo León, Mexico, announced a new (potential billion-dollar) investment from Kia to expand its plant in the region and produce two EVs together with Hyundai. The move comes as the two automakers look to ensure EV models qualify for the IRA tax credit.

article thumbnail

Second Tesla center in New Mexico to open on Santa Ana Pueblo

Teslarati

Tesla is building its second sales, service and delivery center on tribal land. The Pueblo of Santa Ana announced a new Tesla Center on the Tamaya Indian Reservation last Friday. . The new Tesla Center will occupy four acres of land in the Pueblo’s Master Business Lease/Business Development District.

article thumbnail

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

Baua Electric

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. If Inflation Reduction Act rules remain, the products might eventually qualify for the EV tax credit. This and more, here at Green Car Reports.

BMW 52
article thumbnail

Tesla gets $330M tax break for Giga Nevada expansion plan

Teslarati

The Nevada Governor’s Office of Economic Development (GOED) Board approved a $330,250,366 million tax break for Tesla. Listed below are the taxes Tesla could generate, assuming it invests all $3.6 billion in land, buildings, and equipment for Giga Nevada. million in gross average annual property tax revenues $11.2

Nevada 135
article thumbnail

Another One Bites the Dust: Kia Killing the Rio After 2023

The Truth About Cars

Kia will continue building sedans, but cars have fallen off in favor as SUVs and trucks have taken over the world. As Automotive News pointed out, the shift is likely tied to Kia’s electrification ambitions. Average vehicle purchase prices in the U.S. Image: Kia] Become a& TTAC& insider.

Kia 98