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NOVONIX to receive $103 million in tax credits to support production of critical battery materials in Tennessee. – Charged EVs

Baua Electric

Battery materials and technology company NOVONIX has been selected to receive a $103-million tax credit under section 48C of the Qualifying Advanced Energy Project Allocation Program, to support production of critical battery materials at its Riverside facility in Chattanooga, Tennessee.

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Volkswagen plans North American battery plant, paving way for more EV tax credits

Electrek

Volkswagen Group CEO Oliver Blume recently shared that the company is actively searching for a home for its first battery cell factory in North America. 4 to continue to qualify for US federal tax credits, while opening the door for more EVs under its umbrella to qualify.

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This Volkswagen EV Now Comes with Full Tax Credit Benefits

The Truth About Cars

4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. 4, which start at a base MSRP of $38,995 before the tax credit, a more budget-friendly option in the electric SUV segment. that qualifies for the full Federal Tax credit. 4 and how the tax credit enhances its accessibility.

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Urbix and SK On in joint development agreement for high-performance anode materials

Green Car Congress

US-based graphite processor Urbix ( earlier post ) announced a Joint Development Agreement with global EV battery developer and manufacturer SK On (SKO). In the US, SKO has two battery manufacturing plants in Commerce, Georgia, with the second plant scheduled to be operational in 2023.

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Ford to boost production capacity of electric F-150 Lightning to 150,000 per year; ability to produce 600K BEVs annually within 24 months

Green Car Congress

Ford Motor Company plans to raise production of the F-150 Lightning pickup at the Rouge Electric Vehicle Center in Dearborn to 150,000 trucks per year to meet high demand, Beginning Thursday, the first group of reservation holders will be invited to place their orders for the F-150 Lightning. Earlier post.).

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EPA recognizes Volkswagen Chattanooga with a Green Power Leadership Award for on-site generation

Green Car Congress

The Volkswagen Chattanooga Solar Park occupies 33 acres, or half of the 66-acre land parcel adjacent to Volkswagen’s manufacturing plant. The array is the largest system of its kind in the North American automotive industry and in the state of Tennessee. million annually in state and local taxes.

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Blazer EV price cut, Dodge electric muscle, Rivian R2 and R3: The Week in Reverse

Baua Electric

Which affordable EV regained its EV tax credit eligibility this week? But in a look at these Rivian models’ shared design and manufacturing elements, if the company can get past its headwinds it has a lot of innovation yet to come. The 2024 Nissan Leaf is eligible for an EV tax credit of $3,750, the automaker confirmed mid-week.

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