The Truth About Cars

JUNE 18, 2024

Cars.com’s recent American-Made Index placed the Tesla Model Y as the most American vehicle on sale today. federal government’s EV tax credits, half of which depend on the final build location. Car companies have looked to localize production to take advantage of the U.S.

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Teslarati

JANUARY 7, 2024

Japanese automaker Honda is considering locations to build an electric vehicle (EV) factory in Canada featuring the use of in-house battery cells. It’s also expected to help the automaker gain access to EV tax credits in the U.S. million sales per year by 2030. states, California , Maryland and New Jersey.

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Teslarati

JANUARY 2, 2024

Tesla Model S and Model X sales reached levels that have not been seen in five years. Tesla reported the company’s sales figures for Q4 today, confirming that it reached its 1.8 Additionally, the Model X’s Long Range configuration qualified for tax credits , making it even more accessible to consumers.

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EV Connect

OCTOBER 23, 2023

Some forecasters project that 50% of total passenger car sales in the US will be electric by 2030. With that in mind, follow these strategies for building a profitable EV charging business to satisfy customer demand. Don’t forget tax credits and incentives either. There won’t be enough charging stations.

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Baua Electric

MAY 8, 2024

According to the data gathered, Carvana saw that its used EV sales mix achieved new highs while the price margin compared to traditional combustion vehicles narrowed. The EV trends report combines Carvana’s EV sales data by state plus other metrics from Kelly Blue Book and MarketCheck. of Carvana’s sales in The Sunshine State were BEV.

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Teslarati

FEBRUARY 28, 2024

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. The Asian car company is also building a $5 billion EV battery cell plant with SK ON in Georgia, which is expected to employ 3,500 workers. Hyundai Motor Group is investing $7.59 billion in HMGMA.

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EVolution

MARCH 11, 2024

Want EV Charging for your apartment building? Moreover, apartment buildings may not have the electrical capacity to support multiple EV charging stations simultaneously. Collaboration with Property Managers : Building strong partnerships with property managers is crucial for implementing EV charging solutions in apartment complexes.

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Baua Electric

FEBRUARY 1, 2024

Over 1,400 Kia EV9 models were handed over in January, topping the EV6 in US sales. Kia EV9 outpaces EV6 despite record sales month Kia started the year strong, with EV sales growing 57% YOY. Kia’s electric SUV even outsold Toyota’s sole EV, the bZ4X, in its first sales month.

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CleanTechnica EVs

OCTOBER 20, 2022

The IRA encourages electric vehicle manufacturers to build their vehicles in the USA. For BEVs and PHEVs to remain eligible for tax credits, the final assembly must happen in North […].

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Green Car Congress

JANUARY 9, 2010

billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. RE-Gen LLC will receive a $903,480 credit to support building a factory to produce Biomass Gasification Furnaces with a capacity of 250 systems/year.

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The Truth About Cars

MARCH 8, 2024

4 range, it remains the only European EV that qualifies for federal tax credits in the United States. VW started building the SUV in Tennessee and sources batteries from SK On, giving the vehicle full access to the $7,500 credit. 4 one of the most affordable EVs on sale today.

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Baua Electric

FEBRUARY 2, 2024

of total light-duty vehicle (LDV) sales in the US in 2023 – Tesla’s price cuts were a big reason. higher than in 2022, when hybrid, plug-in hybrid, and BEV sales made up 12.9% of total sales. The second half of 2023 saw the highest share of hybrids, plug-in hybrids, and BEVs of total LDV sales at 17.9%.

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Green Car Congress

AUGUST 8, 2022

The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. The credit will be available at the point of sale.

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Teslarati

FEBRUARY 10, 2023

lineup of Model Y trims was added to the IRS’s list of vehicle qualifying for federal tax credits in early February, Tesla pushed prices up slightly. Tesla builds its cars for the Chinese market in Shanghai at its dedicated production facility known as Gigafactory Shanghai. After the entire U.S.

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Green Car Congress

OCTOBER 31, 2014

A study by a team from the International Council on Clean Transportation (ICCT) shows that state electric vehicle incentives are playing a significant early role in reducing the effective cost of ownership and driving electric vehicle sales. Source: ICCT. Click to enlarge. —Jin et al. Earlier post.). Earlier post.).

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The Truth About Cars

AUGUST 23, 2023

Hyundai cut the Rio’s corporate counterpart, the Accent, after 2022, and sales of the subcompact have been slow for a while. 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.

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Green Car Congress

SEPTEMBER 5, 2014

Elements of the agreement include abatements, tax credits, an economic development rate rider, and an agreement on direct sales. Abatements: Up to 100% abatement of Sales Tax until 30 June 2034. Up to 100% abatement of Real Property Tax until 30 June 2024. Transferable Tax Credit of 2.8%

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Baua Electric

JANUARY 10, 2024

Hyundai and Kia placed second in the US EV market behind Tesla after a record sales year in 2023. Hyundai and Kia take second in US EV sales According to Kelley Blue Book estimates, a record 1.2 Meanwhile, Tesla wasn’t the only company with record EV sales last year. million EVs were handed over in the US last year.

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Baua Electric

FEBRUARY 2, 2024

Hyundai is building a new all-electric van for Iveco Hyundai revealed the news at a signing ceremony at its headquarters in Seoul, South Korea. Hyundai will build the chassis, while Iveco will customize the electric vans, distributing them through its network. The deal is part of a broader partnership established in March 2022.

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Baua Electric

JULY 25, 2024

Canadian solar panel maker Heliene and India’s solar cell maker Premier Energies are joining forces to build a US solar cell factory. Heliene says the decision to invest jointly in the US solar industry is in direct response to the incentives and tax credits introduced by President Biden’s Inflation Reduction Act (IRA).

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Green Car Congress

OCTOBER 12, 2014

Limited engagement by dealers, poor purchase experience, or efforts to block innovations in the automotive retail sector could adversely impact sales and slow the growth of the nascent PEV market. Power 2013 Sales Satisfaction Index (SSI) study data on customer satisfaction with new car dealerships and Tesla stores.

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Baua Electric

MAY 20, 2024

GM had its fair share of EV hurdles last year, leading to disappointing sales. The company aims to build 200,000 to 300,000 EVs this year, about 20 times more than GM did in 2024. It’s still short of GM’s previous 400K EV sales target through mid-2024. As we move forward, we’re going to build to demand.

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Baua Electric

JANUARY 30, 2024

Polestar 3 prototype testing (Source: Polestar) Polestar plans to build the electric SUV at Volvo’s plant in South Carolina. However, it’s unclear whether the Polestar 3 will gain up to $15,000 in purchase incentives with the EV tax credit. FTC: We use income earning auto affiliate links.

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Clean Fleet Report

DECEMBER 27, 2021

Rebates & Tax Credits Don’t Help Most Americans. Even though there are generous EV tax credits, rebates from states and utilities, and other incentives that can save drivers $10,000 or more per EV, most people aren’t aware these programs even exist. Put all together, the customer saves up to $200 a month.

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Baua Electric

JANUARY 25, 2024

With this, Hyundai’s global EV sales reached 268,785 in 2023. Hyundai attributed the growth to higher sales of its dedicated IONIQ EVs. The company saw solid sales growth across key markets, including North America, Europe, and India. Hyundai aims to be a top three EV maker by 2030 with 18 new models and two million in sales.

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Baua Electric

MARCH 21, 2024

Chevy offers early Blazer EV buyers reimbursement GM finally lifted the Blazer EV stop-sale after nearly three months in early March. The company issued the stop-sale in late December, four months after opening orders. The company said it was pausing sales temporarily to fix a software issue.

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Teslarati

MARCH 16, 2023

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.

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Driivz

NOVEMBER 9, 2021

The eMobility revolution is accelerating as sales of EVs shift into high gear around the world –partly due to government regulations and subsidies and partly due to the growing availability of longer-range, lower-cost EVs. Therefore, EV charging in commercial and industrial buildings presents a major business opportunity.

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The Truth About Cars

JUNE 8, 2023

The base Model 3 starts at $40,240, which can drop as low as $25,240 after accounting for the $7,500 federal EV tax credit and the $7,500 California tax credit. Elon Musk seems confident, too, telling investors the automaker will build 375,000 trucks per year. The Camry starts at more than $26,000 for comparison.

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Plug in America

DECEMBER 21, 2023

in a year First NEVI charging stations up and running Gasoline sales have passed their peak It’s been a busy year here on the policy team. Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. Over a million EVs sold in the U.S.

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Clean Fleet Report

JUNE 15, 2021

Most people are turning towards initiatives that build the environment rather than destroy it. In 2019, the sales of electric vehicles totaled 1.1 In 2019, the sales of electric vehicles totaled 1.1 This figure represents a 46 peercent increase compared to sales made in 2018. Electric cars are a current trend.

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The Truth About Cars

MAY 17, 2024

From MotorTrend : Reuss said the price of the Camaro EV could be similar to that of the 2024 Chevrolet Equinox EV compact crossover, which will start at $34,995 when the entry model goes on sale later this year. In a nod to practicality and the fact that two-door sales basically amount to a rounding error in the U.S.

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The Truth About Cars

APRIL 16, 2024

Ho Sung Song said that the car, based on the EV3 Concept, would go on sale before the end of 2024. It's important to note that Kia hasn’t confirmed the EV3 for American buyers, but it’s hard to imagine that an affordable electric model wouldn’t at least cover its costs here, even without federal tax credits.

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Kia Affordable South Korea Tax Credit 59

Baua Electric

APRIL 25, 2024

Hyundai adds hybrids at its new dedicated EV plant Hyundai is shaking things up after initially announcing plans to build a $5.5B After hybrids accounted for a larger share of sales in the first quarter , Hyundai plans to add hybrid production at the facility. “It in Q1 2023) of the brand’s sales, while hybrids held 9.7%

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Baua Electric

JANUARY 1, 2024

We expected that Tesla would wait into the new year to bring the updated Model 3 to production in the US in order to not negatively affect its end-of-the-year and to keep the demand trigger for when the vehicle loses access to the tax credit. But there’s still no words on the new Model 3 coming to North America.

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Baua Electric

SEPTEMBER 11, 2024

Kia’s new electric SUV was a bright spot in August despite overall sales slipping in Korea (-4.1%) and overseas (-1.4%). Kia EV3 GT-Line (Source: Kia) With plans to build the EV3 at its Monterey plant in Mexico by the end of 2024, Kia could take advantage of the federal EV tax credit, enabling even lower starting prices.

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Baua Electric

FEBRUARY 2, 2024

Photo: Tesla The UK slashed value-added tax (VAT) to zero for folks installing battery storage in their homes from February 1, 2024. Buildings used solely for charitable purposes also qualify for the tax-free battery storage benefit. Rooftop solar is already VAT-free.)

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