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EV tax credit rules get extension in big win for automakers

Teslarati

The electric vehicle tax credit rules got an extension on Friday as the U.S. Department of the Treasury will allow some crucial trace minerals from China to be included in anode materials and battery components to be exempt. On Friday, the U.S.

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Tesla models eligible for IRA tax credits in 2024

Teslarati

As everyone greets the new year, Tesla updated its website according to the Inflation Reduction Act’s (IRA) requirements for the electric vehicle (EV) tax credits. Most of Tesla’s other models—including the Model X—are eligible for the full tax incentives. The Teslarati team would appreciate hearing from you.

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Tesla China: Top gov’t meeting confirms NEV purchase tax exemption extension

Teslarati

Tesla China will likely see its momentum in the domestic EV market accelerate, thanks to the country’s NEV purchase tax exemption being renewed next year. Reports of the meeting were shared by Chinese state-owned broadcaster China Central Television ( CCTV). The update was related during a top government meeting.

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Manchin’s bid to block some EVs from getting $7.5k tax credit blocked by fellow Democrat

Teslarati

Michigan Senator Debbie Stabenow successfully opposed a proposal by fellow Democrat Joe Manchin of West Virginia to eliminate certain electric vehicle models from being eligible for the Inflation Reduction Act’s (IRA) $7,500 tax credit. tax credit blocked by fellow Democrat appeared first on TESLARATI.

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Tesla warns employees Model 3’s cheapest trim could lose $7,500 tax credit

Teslarati

government’s tax credit for consumers to buy electric vehicles has been a significant driver regarding the demand for EVs. The standard range Model 3 is assembled in the United States at the Fremont, California facility but receives its LFP batteries from China, which would make it ineligible for the tax credit.

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Opinion: Stop Subsidizing Electric Vehicle Programs

The Truth About Cars

Hoping to increase the United States’ electric vehicle charging infrastructure, the White House has announced $623 million in grants to build more charging stations. and see 50 percent of all new vehicle sales become electric, by 2030. It is past time to cut the umbilical cord.

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Tesla must commit to buying $500M of local parts in India before its tax cut request can be considered: report

Teslarati

Amidst what appears to be an ongoing stalemate between Tesla and India, reports have recently emerged suggesting that the country is willing to consider the EV maker’s request for import tax cuts. Tesla is reportedly advised to export India-made components to China as well, the publication’s source noted.

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