article thumbnail

Ohio supercharges its EV network with second round of NEVI charging stations

Baua Electric

Photo: DriveOhio Ohio, the first state to install a federally funded DC fast charger, leads again with NEVI rollouts, but its EV incentives are still nonexistent. Ohio announced the first round of EV charger locations in July 2023, which was followed by a first-in-the-US groundbreaking in October 2023.

Ohio 52
article thumbnail

Reynolds buys automobile look coverage supplier Xzilon

Baua Electric

Reynolds, in Dayton, Ohio, has been on a spending spree in 2023. Reynolds and Reynolds has been remaking its symbol since former CEO Bob Brockman left the corporate in November 2020 nearest he was once indicted in a tax evasion case. Xzilon, which is situated in Bend, Ore., Brockman died at life 81 in August 2022.

article thumbnail

Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable. More on this below.

article thumbnail

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.

article thumbnail

Why Did Trump Propose a 100-Percent Tariff on Mexican Auto Imports?

The Truth About Cars

The statement was made during the “Buckeye Values PAC” rally in Dayton, Ohio , and comes after Chinese automaker BYD announced plans to build a production facility in Mexico. I don’t even like the Chicken Tax or modern safety regulations, though you may find yourself more willing to acquiesce to industrial regulations.

Auto 95
article thumbnail

Dana sees robust Q2 earnings

Baua Electric

Adjusted income ahead of hobby, taxes, depreciation and amortization rose $81 million to $243 million. in afternoon buying and selling on Friday. based totally related Toledo, Ohio, ranks Refuse. Dana’s income rose 6 % to $2.75 Executives reaffirmed Dana’s loyalty to evolving the electrified aspect of the corporate.

Ohio 52
article thumbnail

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

Baua Electric

In a Saturday campaign speech in Dayton, Ohio, Trump said that over a period of 30 years Mexico has taken away 34% of the automobile manufacturing business in the U.S. bound EVs but buys few of them. 2023 Buick Envista (China spec) “They won’t sell any cars over here,” said Trump, picking up the conversation a short time later.

Mexico 52