The Truth About Cars
APRIL 18, 2024
Chinese automakers are expanding into Mexico, with companies like BYD opening dealerships across the country. Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers. They also want to take action to protect American EVs from cheap or subsidized Chinese models.
CleanTechnica EVs
APRIL 25, 2024
Will it manage to avoid import tariffs and qualify for federal tax credits? The post How The Chinese-Made Volvo EX30 Will Deal With US Tariffs & Incentives appeared first on CleanTechnica. The Volvo EX30 goes on sale in the US this summer.
Baua Electric
JANUARY 17, 2024
Chinese automaker BYD recently surpassed Tesla as the world’s leading seller of EVs, and it’s only one of several Chinese-owned brands that are already selling cars in the US and the EU. Some fear that Chinese firms could do an end run around such barriers by producing EVs in places like Mexico and Brazil.)
The Truth About Cars
MARCH 28, 2024
Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. With an eye on reducing America’s dependence on Chinese batteries and materials, the Act incentivizes automakers to source materials from free-trade-compliant countries and build EVs in North America. others might.
Baua Electric
APRIL 1, 2024
or Mexico, along with a GM license agreement for CATL’s LFP battery tech. In September, GM CEO Mary Barra told The Wall Street Journal that Ford’s partnership with CATL “could be the harbinger of Chinese domination of U.S. GM already works closely with CATL, but that relationship is limited to the China market.
Baua Electric
APRIL 17, 2024
BCG estimates that most automakers lose around $6,000 on each EV they effectively sell for $50,000, that price accounting for any tax credits or other incentives the customer might be eligible for. market if heavily-subsidized Chinese EVs ever break through here. market if heavily-subsidized Chinese EVs ever break through here.
Baua Electric
JANUARY 3, 2024
Tesla and Chinese automaker BYD were the two global contenders for most EV sales in 2023. The Chinese automaker appears to have shelved plans to sell passenger cars in the U.S., but its Model 3-rivalling Seal just arrived in Mexico. 7,500 EV tax credit on some of its models, potentially affecting sales in this market.
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