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SK On signs 5-year lithium hydroxide supply deal with SQM

Green Car Congress

Battery manufacturer SK On signed a lithium hydroxide supply deal with Chile’s SQM, a move that will further strengthen SK On’s supply chain for critical battery materials in coping with the US “Inflation Reduction Act” (IRA) following its recent deals with Australian lithium developers. million electric vehicles (EVs).

Supplies 273
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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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Buying an EV amid high demand and supply chain issues

Plug in America

Unfortunately, global supply chain issues are making it more difficult to make the switch. Most manufacturers have a lengthy warranty on EV batteries and their related components, usually for around 8-10 years and 100,000 miles. Once you go electric, you won’t go back! .

Buy 97
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Hertz announces ‘strategic decision’ to slash EV fleet

Teslarati

It also said that it expects the sale to better balance the supply against the expected demand for EVs, which was lower than expected. ” Some of the vehicles were listed on Hertz’s website for as little as $17,700 before tax credits could be applied. .” ” Hertz inked a $4.2 ” Hertz inked a $4.2

Fleet 132
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Lease Buyout Offers Loophole to EV Incentive Restrictions

EV Life

The most significant incentive, outlined in the Inflation Reduction Act of 2022 , comes in the form of a $7,500 tax credit for eligible drivers and vehicles. As with most government incentive programs, there are a lot of rules and restrictions regarding who qualifies for the credit. However, there’s a catch.

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How EV adoption is soaring in unlikely circumstances, and what could make it better

Teslarati

The adoption of electric vehicles has continued to skyrocket over the past several years despite challenging supply chain conditions, less-than-ideal geopolitical scenarios, lingering effects of the COVID-19 pandemic, and the soaring cost of EV materials. Price Parity and the EV Tax Credit. manufactured battery.

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Fisker scraps direct sales and turns to auto dealers for sales

Teslarati

IRA EV tax credits winning over more auto dealers in 2024 During CES 2024, Henrik Fisker told Automotive News that the electric vehicle (EV) manufacturer intends to sign with 50 car dealerships by the midyear. Fisker would also require auto dealers to buy signage and tools and pay for technician training.

Fisker 104