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Survey: Younger US drivers are more open to Chinese EVs

Baua Electric

drivers are more open to driving vehicles from Chinese brands than their older counterparts, according to a new AutoPacific survey. But concerns about how Chinese brands manage data privacy were high regardless of age. No vehicles from Chinese brands are currently sold in the U.S., Younger U.S.

Chinese 52
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Tesla to bring LFP battery supply chain to US – Bloomberg News – ET Auto

Baua Electric

This year, Tesla’s cheapest cars, the Model 3 compact sedan, lost tax credits for the purchase of EVs under the Inflation Reduction Act. Tesla is expanding its battery facility in Sparks, Nevada to bring the supply chain for cheaper lithium iron phosphate batteries (LFP) to the United States, Bloomberg News reported on Wednesday.

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Trump promises 100% tariff on Mexico-built Chinese cars—EV or not

Baua Electric

Former President Donald Trump has announced that he would apply a tariff of 100% to cars built in Mexico by Chinese companies for U.S.-market Currently cars imported from China are subject to a 25% tariff, while those from Mexico, made with Chinese parts, would only be subject to a 2.5% bound EVs but buys few of them.

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Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits

Teslarati

The CEOs of Ford, General Motors, Stellantis, and Toyota all urged Congress to eliminate the cap on the $7,500 electric vehicle tax credit as zero-emissions vehicles cost more to manufacture. The tax credit cap only has Tesla and GM buyers disqualified from receiving the credit. percent in the past year.

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Nippon Steel Set to Buy U.S. Steel, Union Dismayed

The Truth About Cars

The iconic American business supplies numerous industries, with the automotive sector being one of the largest. The plan created loads of incentives (tax credits, government subsidies, etc) for projects pertaining to “renewable energy.” Buying U.S. Nippon Steel is reportedly offering a deal worth $14.9 totaling $7.25

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The redesigned federal EV tax credit and other EV-related measures

Charged EVs

The recent passage of the Inflation Reduction Act—a sweeping package of tax, health care and climate measures—was like the happy ending to one of those heartwarming “Save Christmas” stories. The revamped tax credit scheme is clearly a great improvement over its predecessor. Unpacking the Inflation Reduction Act.

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Tesla stock: Morgan Stanley pumps the brakes and lowers PT ahead of earnings

Teslarati

The market is over-supplied vs. demand. especially, Tesla is adjusting the narratives that surround some of its vehicles and their eligibility for EV tax credits. Two Model 3 configurations lost the tax credit, and as it is one of the best-selling EVs in Tesla’s lineup, it is not a positive, although the car is still affordable.