Electrek

MAY 17, 2023

The move comes as the two automakers look to ensure EV models qualify for the IRA tax credit. more… The post Kia and Hyundai to build EVs in Mexico for IRA tax credit eligibility appeared first on Electrek.

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Tax Credit Mexico Kia Tax 71

Green Car Reports

AUGUST 23, 2022

New federal EV tax credit rules requiring greater domestic content could accelerate Hyundai's timeline for building electric cars in the United States, according to a recent Reuters report.

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Tax Credit Tax Hyundai United States 135

Teslarati

NOVEMBER 29, 2023

One of the biggest concerns about the IRA’s requirements for EV tax credit eligibly regards battery packs, cells, and the materials used to manufacture them. In March, the United States Department of Treasury published the battery sourcing guidance, which automakers must comply with to reap the tax credits from the IRA.

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Tax Credit Tax United States North America 77

Green Car Reports

NOVEMBER 22, 2021

And will the EV tax credit include that union-made bonus? The House version of the Build Back Better Act passed last week includes a tax. Automakers aren’t doing all they can to raise mpg, according to a new EPA report. Hybrids are hot for car thieves right now. Tesla owners quibble over an outage.

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Tax Credit Tax Hybrid MPG 197

Energy Institute at HAAS

JANUARY 24, 2022

Build Back Better (BBB) prospects are not looking so good. And the problem with swinging for the fences … Continue Reading Fighting Climate Change With Tax Credits. Can we get more carbon mileage out of politically passable climate policy?

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Tax Credit Climate Change Climate Tax 135

Green Car Reports

NOVEMBER 22, 2021

The infrastructure and social policy bills passed by the United States House of Representatives this week include many EV provisions, from investments in charging infrastructure to a rejuvenated EV tax credit. The Build Back Better Act (H.R. 5376) replaces the current federal EV tax credit with a new one that.

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Green Car Reports

NOVEMBER 5, 2021

Will Mini build a rival to the Volkswagen electric Bus? We follow another round of twists and turns toward a renewed EV tax credit. And Panasonic is pushing toward mass-production of Tesla’s 4680 format. This and more, here at Green Car Reports.

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Tax Credit Tax Tesla Green Cars 183

The Truth About Cars

DECEMBER 7, 2021

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.

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Green Car Congress

JUNE 16, 2021

Unifrax, a global manufacturer of high-performance specialty materials, plans to build its first large-scale SiFAB (silicon fiber anode material) manufacturing line at its north central Indiana facility. The Indiana plant will be the first to begin building SiFAB long-term manufacturing capacity.

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Manufacturer Building Indiana Tax Credit 417

Teslarati

JULY 12, 2023

Tesla has updated the Model 3 sedan’s landing page with a new message about the all-electric sedan and its eligibility for the US Inflation Reduction Act’s (IRA) federal tax credit. As per the EV maker, reductions to the Model 3’s federal tax credit will likely take effect after December 31, 2023.

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Tax Credit Tax Tesla Ford 75

Teslarati

APRIL 17, 2023

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. If it does, the Silverado EV will qualify for the IRA’s full $7,500 EV tax credit. GM issued a list of electric vehicles in its lineup that would qualify for the full EV credit.

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Tax Credit Silverado Chevrolet Tax 93

Electrek

OCTOBER 3, 2022

Georgia Senator Reverend Warnock introduced a new bill that would expand which electric vehicles qualify for a tax credit through the Inflation Reduction Act. The post Georgia Senator introduces bill that would allow Hyundai, other automakers to qualify for EV tax credit appeared first on Electrek.

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Tax Credit Georgia Tax Hyundai 90

Baua Electric

JANUARY 26, 2024

Subaru mistakenly said some 2024 Solterra owners will qualify for the $7,500 EV tax credit. Subaru “owners” are not eligible for $7,500 EV tax credit Subaru introduced the 2024 Solterra electric SUV yesterday with new upgrades, including faster charging and more. But there’s one (major) issue – It’s not built in the US.

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Tax Credit Tax Price Purchase 52

Baua Electric

MARCH 28, 2024

Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year. Kia currently builds the EV9 in Korea but expects to move production to the US by the end of May. The EV9 is expected to qualify for the full $7,500 tax credit by early 2025. With that included, the EV9 starts at just $51,395.

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Tax Credit Kia Tax Production 52

Teslarati

MARCH 31, 2023

The IRS has updated its guidance relating to the Inflation Reduction Act’s (IRA) tax credit that applies to electric vehicles, with new rules coming into effect on April 18. These rules go into effect on April 18, and the IRS will publish a new list of what models will qualify for specific credits.

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Tax Credit Tax North America United States 72

InsideEVs

DECEMBER 13, 2021

With the proposed changes in Build Back Better, changes to the EV tax credit structure are imminent.

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Baua Electric

FEBRUARY 9, 2024

The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October. According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. Munoz said EVs produced at the new plant will qualify for the tax credit.

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Tax Credit Hyundai Tax Kia 52

InsideEVs

OCTOBER 10, 2022

The US government hoped that the new federal EV tax credit would encourage domestic manufacturing, and it seems it's working.

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Tax Credit Tax Audi Building 60

Baua Electric

APRIL 25, 2024

Honda is finally joining the EV race after announcing a massive $11 billion (CAD$15 billion) investment to build four new EV plants in Canada. The historic investment will be used to build Canada’s first EV supply chain, enabling 240,000 Honda EVs to be made for the US and Canada annually. Production is expected to begin in 2028.

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Honda Building Tax Credit Canada 52

Baua Electric

MAY 3, 2023

. “There’s been a bit of a pause in the industry for some brands on electric vehicle sales as everyone sorted out the tax implications of the Inflation Reduction Act,” Watson defined. On account of the tax credit score adjustments, Kia expects leasing as a proportion of its EV trade to extend from 15 p.c

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Tax Credit Kia Tax South Korea 52

Green Car Congress

DECEMBER 12, 2013

The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. Funded at $2.3 Funded at $2.3 Lead organization.

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Green Car Congress

DECEMBER 1, 2022

In the US, the Clean Vehicle Tax Credit calls for automakers to provide proof of where they are sourcing their critical minerals and manufacturing their battery components, while the upcoming EU Battery Regulation will focus on proof of sourcing, responsible provenance, chain of custody, recycled materials and embedded carbon.

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Economy Building Batteries Battery 330

InsideEVs

DECEMBER 20, 2021

If Biden's Build Back Better legislation fails to pass, there may not be a renewed EV tax credit.

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The Truth About Cars

MAY 4, 2023

Though their electric vehicle lines are among the most compelling new zero-emissions models, Kia and Hyundai’s EVs don’t currently qualify for federal tax credits because of where they’re built. It’s retooling its West Point, GA factory to build the upcoming EV9, which comes later this year.

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Tax Credit Kia Tax South Korea 52

Electric Vehicles India

NOVEMBER 1, 2021

Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles . A proposed US tax credit for new electric bicycle purchases bumped backed up to a full 30%. President Biden’s “Build Back Better” proposal has restored the proposed incentive back to its full 30%.

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Tax Credit Tax Electric Electrical 79

The Truth About Cars

AUGUST 2, 2023

Toyota will build the vehicle in its Kentucky factory, where its own electric three-row will be produced. Toyota’s variant is expected to wear the bZ5X name, and the automaker will start building the Subaru version shortly after its own. The brotherly love is expected to continue with a new three-row SUV in 2025.

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Kentucky Toyota Building Tax Credit 96

EV Connect

AUGUST 2, 2021

And thanks to a variety of tax credits and incentive programs, the barrier to entry may be lower than you think. On the federal, state and local levels, there are a plethora of tax credits for installing electric-vehicle charging stations. They include incentives for installing EV charging stations.

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Tax Credit Tax Electric Vehicles Charging 52

Teslarati

SEPTEMBER 17, 2022

Tesla is still planning to build electric vehicle battery cells in Germany at Giga Berlin, and faster than previously projected. Earlier this week, the Wall Street Journal reported Tesla was planning to delay battery cell production outside of the United States as recently-signed tax credit plans benefit domestic battery manufacturing.

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Building Tax Credit Batteries Battery 145

Electrek

DECEMBER 7, 2021

Elon Musk calls for the Senate not to pass the $2 trillion Build Back Better Act and says Tesla doesn’t need the $7,500 tax credit for electric vehicles. more… The post Elon Musk calls for Senate not to pass the Build Back Better Act: ‘Tesla doesn’t need the $7,500’ appeared first on Electrek.

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Tax Credit Building Tesla Tax 145

Teslarati

JUNE 6, 2023

The Tesla Model 3 just became less expensive than the price of the Toyota Camry in California thanks to the company’s confirmation that each of the all-electric sedan’s trim levels qualifies for the full $7,500 tax credit. ALSO READ: Tesla Model Y price cuts have brought costs below U.S.

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Tax Credit California Toyota Tax 145

EV Connect

FEBRUARY 15, 2021

Once your company takes advantage of federal EV tax credits, EV Connect can help you find available New York State EV tax credits that will help defray costs further and maximize your investment for years to come. From Binghamton to the Big Apple, there are big savings for businesses looking to install EV infrastructure.

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Tax Credit New York Tax Purchase 52

Green Car Reports

NOVEMBER 14, 2018

A new report shows that building new renewable power can be cheaper than running old coal plants. Automakers join forces to lobby for extending electric-car tax credits. California regulatory documents show range estimates for the new Subaru Crosstrek Hybrid. And California preps for half a million electric cars.

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Tax Credit Tax Renewable Cheap 78

The Truth About Cars

NOVEMBER 6, 2023

The report noted that Tesla plans to build a car with a 25,000-Euro starting price, or just shy of $27,000. While the Model 3’s prices have fallen in recent times, the least expensive model in the line is $38,990 before tax credits and local incentives.

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Affordable Building Germany Tax Credit 111

Electrek

OCTOBER 10, 2022

Audi is the latest automaker looking to shift its strategy after the historic Inflation Reduction Act was passed, expanding federal tax credits in the US. The post Is Audi going to build its first US EV assembly plant? appeared first on Electrek.

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Audi Building Tax Credit Tax 88

Green Car Reports

NOVEMBER 7, 2022

Subaru is unlikely to follow other automakers in moving EV production to the United States to align with new tax-credit rules, according to a recent Automotive News report. And the automaker is blaming, among other things, McDonald's. The recently passed Inflation Reduction Act (IRA) makes U.S.

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Tax Credit Building United States Tax 128

Green Car Congress

MAY 4, 2011

US Senators Chuck Grassley (R-Iowa) and Kent Conrad (D-North Dakota) introduced a bill—the Domestic Energy Promotion Act of 2011— that would extend, through 2016, at descending levels, the volumetric ethanol excise tax credit, or VEETC, which is also known as the blenders’ credit.

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Tax Credit Tax 2016 South Dakota 186

Teslarati

APRIL 22, 2024

The two companies plan to build a 35 GWh battery facility to produce enough cells for 300,000 electric vehicles. SK On also partnered with Ford to build a $800 cathode plant in Canada. 4 EVs with SK On battery component became eligible for the Inflation Reduction Act’s (IRA) full $7,500 tax credits.

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Tax Credit Batteries Battery North America 90