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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. The United States has attempted to free automakers of their dependence on foreign materials in their battery packs and each year will require a greater percentage of both battery materials and components to be sourced and built within the country.

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How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

The United States federal government has made it even easier to buy a new or used electric vehicle (EV). The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. Here’s what you need to know.

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The EV Tax Credit: Buy Now or Wait Until 2024?

EV Life

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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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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Used Teslas now qualify for $4k tax credit, but there’s a tough hoop to jump through

Teslarati

Used Teslas will now qualify for the $4,000 tax credit through the Inflation Reduction Act (IRA) that is applicable for electric vehicles (EVs), Plug-In Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs). It must have a model year at least two years earlier than the calendar year when you buy it.

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Mexico Won't Offer EV Incentives to Chinese Automakers

The Truth About Cars

Even so, the Mexican government isn’t rolling out the red carpet due to pressure from the United States. Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers. That said, people there don’t buy that many of them, with EVs comprising just 0.5

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European Emissions Regulations Drive the Toyota GR Yaris' Price Up By Almost 100 Percent

The Truth About Cars

Europe has, and will likely remain, far more aggressive with emissions-cutting measures than we are here in the United States. but it’s clear we should all be thankful that we’re not facing steep taxes and penalties for continuing to buy gas vehicles. Image: Toyota] Become a& TTAC& insider.

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