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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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This Volkswagen EV Now Comes with Full Tax Credit Benefits

The Truth About Cars

Photo credit: Volkswagen Volkswagen has recently announced that their MY23 and the upcoming MY24 models of the ID.4, 4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. that qualifies for the full Federal Tax credit. This development makes these models of the ID.4,

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2023-2024 VW ID.4: Most eligible for full $7,500 EV tax credit

Baua Electric

4 electric crossovers on sale now are eligible for the full $7,500 federal EV tax credit, VW confirmed Wednesday in a press release. 4 will retain the tax credit for the entirety of the 2024 calendar year. 4 models are still being sold, with a base price of $40,290, including destination, before the tax credit.

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

Green Car Congress

The new strategic partnership will see the companies collaborate to develop industrialized anode materials that will be incorporated into SKO’s advanced lithium-ion batteries used in its US gigafactories. 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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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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Nissan CEO: EV adoption in the US progressing faster than expected?

Teslarati

He also noted that Nissan will invest $250 million in its powertrain facility in Decherd, Tennessee. The facility will support the electrification of the company’s American lineup. Uchida specifically cited tax credits from the Inflation Reduction Act as a factor that could support long-term demand for EVs.

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