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Honda may build an EV factory in Canada featuring in-house battery cells

Teslarati

Japanese automaker Honda is considering locations to build an electric vehicle (EV) factory in Canada featuring the use of in-house battery cells. It’s also expected to help the automaker gain access to EV tax credits in the U.S. under Inflation Reduction Act (IRA) rules mandating that vehicles are built domestically.

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SK On cobalt-free battery nabs win at Edison Awards

Teslarati

In April 2023, SK On and Hyundai announced a $5 billion investment in Bartow County, Georgia, for a battery production facility. SK On also partnered with Ford to build a $800 cathode plant in Canada. 4 EVs with SK On battery component became eligible for the Inflation Reduction Act’s (IRA) full $7,500 tax credits.

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Tesla stock pops on Rivian deal, continuing surge toward $1T market cap

Teslarati

and Canada The NACS connector will give Rivian vehicles access to all Tesla Superchargers without needing an adapter in 2025. This opens charging for Rivian vehicles on Tesla’s Supercharger network across the United States and Canada. vehicles helped Tesla regain the full $7,500 credit for all three cars.

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Kia EV9 wins, Fisker franchises, Tesla tops BYD, leather in EVs: The Week in Reverse

Baua Electric

Which EVs made the tax-credit shortlist in 2024? 2024 Rivian R1S A preliminary list of 2024 EVs qualifying for the tax credit was released early this week by the EPA, and as expected there are very few models qualified for the full $7,500 amount. and Canada, with no-haggle pricing “where permitted.”

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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

SK On, which supplies to Ford Motor Co, Volkswagen and Hyundai Motor among others, widened its operating loss to 332 billion won in the first quarter from 18.6 Inflation Reduction Act,” said Kang Dong-jin, an analyst at Hyundai Motor Securities. billion won in the previous quarter due to fewer EV battery shipments.

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Toyota 3-row EVs, Tesla price cuts, electric G-wagen, airless tires: The Week in Reverse

Baua Electric

The Tesla Model Y undercuts the Model 3 by $5,000 —for those who are EV tax credit eligible—under the latest round of Tesla price cuts made last weekend. 2025 Mazda EZ-6 Honda plans to create an $11 billion EV hub in Canada. It might also be EV tax-credit-eligible while other Model 3 versions aren’t.

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3 Scenarios That Would Make An EV Ineligible For the Federal EV Tax Credit

EV Adoption

In my previous article, Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives , I outlined and analyzed 13 proposed changes to IRC 30D (federal EV tax credit). kWh) Hyundai IONIQ PHEV (8.9 If categorized as an SUV, however, the LYRIQ would qualify for the maximum $12,500 tax credit.