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GM expects Chevrolet Silverado EV to get full $7,500 tax credit

Teslarati

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. Fleet customers including for BrightDrop and the Chevrolet Silverado EV will benefit from the $7,500 commercial incentive,” stated General Motors. The all-electric pickup truck is scheduled to launch by 2024.

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Honda may build an EV factory in Canada featuring in-house battery cells

Teslarati

Japanese automaker Honda is considering locations to build an electric vehicle (EV) factory in Canada featuring the use of in-house battery cells. In June, Honda and LG Energy Solution (LGES) broke ground on a new EV plant in Jeffersonville, Ohio. It’s also expected to help the automaker gain access to EV tax credits in the U.S.

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Honda looks to build a $14 billion EV and battery plant in Canada

Baua Electric

Reports say that Canadian industry minister Francois-Philippe Champagne has spent most of last year building up EV investments to solidify the country’s clean-tech future by offering tax breaks and the promise of overflowing renewable energy sources and rare minerals used in EVs. Thomas, Ontario, with production starting in 2027.

Canada 52
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Foxconn brings EV battery production to two U.S. states

Teslarati

Foxconn, the iPhone manufacturer that bailed out Lordstown Motors from bankruptcy, announced that it would build electric vehicle batteries in Wisconsin and Ohio on Thursday, hoping to take advantage of the Inflation Reduction Act that incentivizes domestic cell manufacturing. The sale was finalized in May 2022.

Wisconsin 103
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Jeep adds new Willys 4xe to PHEV lineup

Green Car Congress

With a starting USmanufacturer’s suggested retail price (MSRP) of $53,995 (excluding $7,500 tax credit and $1,595 destination), the Willys 4xe brings a new entry price point to the Wrangler 4xe lineup, joining Rubicon 4xe, High Altitude 4xe, and Sahara 4xe. A second high-voltage motor generator is much more powerful. liter engine.

Jeep 369
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GM, Samsung win tax breaks for proposed $3.5B battery plant in Indiana

Baua Electric

Normal Motors seems to be transferring ahead with a plan to manufacture an electrical car battery plant in northern Indiana. County officers on Tuesday licensed a construction word of honour and tax diminish with GM for the mission. “As part of that work, we submitted a tax abatement application with St.

Indiana 52
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Lucid Air debuts in New York; completes first high speed stability test at 217 mph

Green Car Congress

Lucid Motors made its global auto show debut at the New York International Auto Show, presenting the Lucid Air luxury electric sedan and also presenting its Alpha Speed Car test vehicle, which had just completed its first high-speed stability test at 217 mph (349.2 The Lucid Air is priced from $52,500 after federal tax credits.

New York 170