article thumbnail

How The Chinese-Made Volvo EX30 Will Deal With US Tariffs & Incentives

CleanTechnica EVs

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.

Volvo 110
article thumbnail

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

Key developments in the transportation sector that they note include: Positive for gasoline demand: Strong Chinese car growth in 2010, particularly in the first half of the year, with vehicle sales up 30% year-on-year (YoY) through the first eleven months of 2010. There is pressure to make European standards even more aggressive.

article thumbnail

Tesla adds China-built vehicles to Canadian inventory

Teslarati

These cars were then transported to Canada, where they have now evidently ended up in Tesla’s inventory. First spotted by Drive Tesla , the vehicles are featuring the LRW VIN number, which are assigned to vehicles built at the Chinese factory. built EVs receive more money off through tax credits.

China 98
article thumbnail

Tesla revives common Style 3 Lengthy Field upcoming hiatus

Baua Electric

Tesla mentioned on its web page that the Style 3 Lengthy Field is eligible for a federal tax incentive of $3,750, which is equal to the bottom Style 3. The Style 3 Efficiency is eligible for a $7,500 credit score, in step with Tesla. The iron cells would possibly qualify for part of the tax credit score because of U.S.

Tesla 52
article thumbnail

Report: Feds to formalize foreign entity rules for EV tax credit

Baua Electric

Treasury Department could issue clarifications on federal EV tax-credit eligibility rules as early as Friday, reports Transport Topics. does not have friendly trade relations with would not qualify for a $7,500 federal tax credit. does not have a free trade agreement, Forbes reports. BYD Seal In 2023, the U.S.

article thumbnail

Domestic US Automakers Still Need To Prepare For Chinese Competition

CleanTechnica EVs

News recently broke that the Biden administration plans to jack import taxes up on Chinese EVs, raising them from the current 25% to 100%. This would double the price of Chinese EVs, which would also not be eligible for federal point-of-sale tax credits. This move is obviously meant to protect.

Chinese 136
article thumbnail

EV tax credit supply chain rules ease, but China restrictions remain

Baua Electric

In a coordinated push through federal agencies, the Biden administration on Friday released a revised set of regulations applying to the EV tax credit that will ultimately make the credit easier to claim for a wider range of vehicles in 2025 and 2026 but no easier for Chinese companies to gain a foothold on the market.