Remove Chinese Remove Financing Remove Mexico Remove PHEV
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VW ID.4 review, Audi Q6 E-Tron preview, Lexus RX PHEV, Trump EV tariff: The Week in Reverse

Baua Electric

Meanwhile, it confirmed “a financing commitment” of up to $150 million, said it continues to negotiate with another automaker—reportedly Nissan—over a strategic partnership, and is pursuing a franchised-dealership model. It also nearly doubles the number of fast-chargers Rivian drivers can access through the interface.

Lexus 52
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The redesigned federal EV tax credit and other EV-related measures

Charged EVs

To be eligible for the full credit, a vehicle must be assembled in the US; at least 50% of the components in the battery must come from the US, Canada or Mexico by 2024, and 100% by 2028; and at least 40% of the raw minerals in the battery must come from the US or “a trade ally” in 2024, and 80% in 2026.

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Impact of Proposed Changes to the Federal EV Tax Credit – Part 1: Summary Chart

EV Adoption

Chinese-made vehicles are not eligible for any tax credits effective January 1, 2022: This not only affects future China-based brands such as Nio, BYD, Xpeng, and others, but also potentially OEMs such as Volvo, Polestar, BMW, and many others which currently produce EVs in China and export them to other countries. What’s Next?