Kia to build $30,000 EV3 in Mexico, unlocking US EV tax credit
Electrek
JUNE 17, 2024
A new low-cost EV is primed to hit the US market. Kia plans to build its new EV3 in Mexico as it looks to take advantage of the US electric vehicle tax credit.
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Tesla Model 3 Highland leases qualify for IRA tax credit loophole
Teslarati
JANUARY 10, 2024
Tesla calculated that Model 3 Highland lease payments would be $329 monthly, excluding taxes and fees. Tesla models eligible for IRA tax credits in 2024 The loophole lies in the IRA’s tax credit qualifications for commercial vehicles. As such, Tesla Model 3 Highland customers may receive the IRA’s $7,500 credit.
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GM May Produce EVs In Mexico To Compete With Tesla, Ford
InsideEVs
JANUARY 5, 2023
Mexico may have plenty of appeal for future EV production due to low costs and full access to the US federal EV tax credit.
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Second Tesla center in New Mexico to open on Santa Ana Pueblo
Teslarati
OCTOBER 9, 2022
In September 2021, Tesla opened its first center on Native American tribal land in New Mexico. By building on tribal land, Tesla effectively sidestepped a New Mexico law prohibiting the company from directly selling EVs and operating a service center in the state. Senator Martin Heinrich (D-N.M.)
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Kia EV3 sales top 4,000 in its first month on the market
Baua Electric
SEPTEMBER 3, 2024
Kia’s new low-cost EV is already making an impact. The low-cost electric SUV has already been spotted testing in California ahead of its official debut ( see the video here ). Kia is also expected to build the EV3 in Mexico to take advantage of the US tax credit. Would you buy Kia’s new EV3 for under $30,000?
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Kia’s low-cost EV3 is about to get even better with new variants on the way
Baua Electric
SEPTEMBER 11, 2024
The EV3 is the first of Kia’s new low-cost EV lineup as it looks to challenge industry leaders. Kia EV3 GT-Line (Source: Kia) With plans to build the EV3 at its Monterey plant in Mexico by the end of 2024, Kia could take advantage of the federal EV tax credit, enabling even lower starting prices.
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Cadillac Drops Pricing for the 2025 Optiq EV
The Truth About Cars
AUGUST 26, 2024
The base Luxury 1 trim starts at $54,390, while the Sport 1 costs $54,990. The Optiq will qualify for a $7,500 federal tax credit, as it will be built at a General Motors facility in Mexico. Earlier this year, Cadillac promised the Optiq would start at around $54,000, and it came close to hitting that commitment.
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Fisker releases details on $29,900 Pear production in the US
Teslarati
AUGUST 31, 2023
The Fisker Pear will be produced in the United States and would likely benefit from the country’s EV tax incentives from the Inflation Reduction Act. The Fisker Pear could qualify for some of the tax incentives listed in the Inflation Reduction Act. By that time, Tesla Giga Mexico also aims to begin production on its $25,000 vehicle.
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2023 was a tremendous year for both EVs and Plug In America!
Plug in America
DECEMBER 21, 2023
Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. New federal EV tax credits were expanded and updated, and credits for used and commercial EVs became available for the first time in January. New Mexico adopted the Advanced Clean Cars II standard (ACC II).
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Ram hydrogen fuel-cell truck, BMW EV batteries, rural charging: Today’s Car News
Baua Electric
MAY 7, 2024
BMW has started building a battery plant in Mexico that will provide more energy-dense cylindrical cells for longer range and faster charging in next-generation Neue Klasse EVs. If Inflation Reduction Act rules remain, the products might eventually qualify for the EV tax credit. This and more, here at Green Car Reports.
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Canada, US and Mexico commit to align light- and heavy-duty fuel efficiency and GHG standards out to 2025 and 2027, respectively
Green Car Congress
JUNE 30, 2016
As one of the outcomes of the “Three Amigos” meeting in Ottawa, Canada Prime Minister Justin Trudeau, US President Barack Obama, and Mexico President Enrique Peña Nieto committed to an “ambitious and enduring” North American Climate, Clean Energy, and Environment Partnership. 50% clean power target.
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Tesla investors post questions for TSLA Q3 2023 earnings call
Teslarati
OCTOBER 12, 2023
As of writing, Say’s webpage for the Tesla Q3 2023 earnings call features a variety of notable questions, spanning topics from Tesla’s factories like Gigafactory Mexico to future projects like Optimus and the dedicated Robotaxi. Thank You! Is your analysis of your supply base risk complete?
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GM cuts 2024 Chevy Blazer EV price by thousands, resumes sales
Baua Electric
MARCH 8, 2024
The Blazer EV is also now fully eligible for the $7,500 EV tax credit. The Blazer EV and Prologue are both built by General Motors at GM’s Ramos Arizpe assembly plant in Mexico. With the credit, both RS models also slot below $50,000. There are very few Blazer EVs in customer hands as of yet.
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If $50,000 EVs still lose $6,000, when will EVs become profitable?
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. Automakers will only be able to close about half of that cost gap with technology choices, BCG estimates. automakers. automakers.
Kia to launch affordable EV4 electric sedan next year with an ambitious production goal
Baua Electric
JUNE 26, 2024
With another low-cost (under $35K) electric car launching next year, Kia is setting an ambitious goal. With Kia reportedly planning to build the EV3 in Mexico , federal incentives like the EV tax credit could drive prices even lower. Next year, the EV3 will launch in Europe and the US.
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Delek sells AltAir renewable diesel/jet business to World Energy for $72M
Green Car Congress
MARCH 21, 2018
million, taking into consideration estimated working capital, Delek US’ portion of the biodiesel tax credit for 2017, and deal costs. The Paramount transaction provides additional cash to Delek and should enable us to reduce costs. We continue to evaluate options for our Long Beach and Bakersfield assets.
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GM in talks with CATL to license cheaper LFP EV battery tech and joint North American plant
Baua Electric
MARCH 28, 2024
Details are scarce, but the plant will likely be in the US or Mexico. Both automakers look to sidestep federal regulations requiring EV batteries to be produced in North America to qualify for a tax credit. This could translate to significant savings as American automakers look to cut costs and break even with EVs.
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BMW previews future electric SUV with faster charging, more range
Baua Electric
MARCH 22, 2024
“This lowers electricity costs and helps stabilize networks.” Production in San Luis Potosí, Mexico , will then follow in 2027, likely allowing vehicles to qualify for U.S. federal tax credits.
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BMW previews future electric SUV with faster charging, more range
Baua Electric
MARCH 22, 2024
“This lowers electricity costs and helps stabilize networks.” Production in San Luis Potosí, Mexico , will then follow in 2027, likely allowing vehicles to qualify for U.S. federal tax credits.
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Electric vehicles are inflation relief
Electric Auto Association
SEPTEMBER 3, 2022
A cost of ownership calculator and other tools can help you know how much you’ll save By Cameron Wolf, ZappyRide. Airlines , public transit , and regular commuters are feeling the strain of rising fuel costs, which have increased dramatically since August 2021. The cost of gas over the first 5 years of the car @ $3.58/gal
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Mullen’s electric trucks earn CARB certification, qualifying for over $45k in customer savings
Baua Electric
JANUARY 29, 2024
Mullen also points out that combined with the $7,500 federal tax credit , commercial customers can purchase a new THREE electric truck at a net cost below $20,000. starting at a suggested MSRP of $68,500. However, only the commercial customers in those 14 CARB-compliant states plus D.C.
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2025 Cadillac Optiq EV pivots to Millennials, goes soft on Art & Science
Baua Electric
MAY 29, 2024
The 2025 Cadillac Optiq is set to cost about $54,000 including destination when it arrives later this year with a range of around 300 miles, according to Cadillac. GM has also considered the breakout between screens and switchgear and given the Optiq hard buttons for climate control. and Europe as key markets.
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XC90 Recharge review, Polestar 3, Rivian R3, EV tax credit update: The Week in Reverse
Baua Electric
MARCH 16, 2024
That’s considerably lower than what this model had been slated to cost, and it matches it up more competitively versus the Volvo EX90, BMW iX, and Audi Q8 E-Tron. 4 to the list, we revisited and updated our roundup of which 2024 EVs qualify for the $7,500 EV tax credit. With the recent addition of the Volkswagen ID.4
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Ford Investing $550M to Retool SUV Plant to Produce Focus Small Car and EV
Green Car Congress
MAY 6, 2009
To produce the vehicles, Ford is converting three truck and SUV plants to car plants—Michigan Assembly, Cuautitlan Assembly in Mexico, which begins building the new Fiesta subcompact early next year; and Louisville (Ky.) Local property tax incentives for new investments at the site.
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U.S. China EV Rift Grows
The Truth About Cars
JULY 17, 2024
China's Ministry of Commerce announced on July 15 that it will escalate its trade dispute with the United States over the Inflation Reduction Act's tax credits for electric vehicles and renewable energy projects. China contends that these credits unfairly favor domestically produced components, violating international trade rules.
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The Complex Calculus of Clean Energy and Zero Emissions
Cars That Think
NOVEMBER 20, 2023
government was going to try a whole bunch of different government interventions—incentive programs, tax credits, grants, infrastructure investments—to bend the trajectory of our energy transition. Expansion also enables wider electricity markets, which tend to lower electricity costs.
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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports
Green Car Congress
DECEMBER 16, 2013
Electric power generation from renewables is bolstered by legislation enacted at the beginning of 2013 extending tax credits for generation from wind and other renewable technologies. Pipeline exports of natural gas to Mexico grow by 6% per year, from 0.6 US exports of LNG increase to 3.5 Tcf in 2012 to 3.1 Tcf in 2040.
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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge
Green Car Congress
JULY 21, 2016
During past eight years the number of plug-in electric vehicle models has increased from one to more than 20, battery costs have decreased 70%, and the number of electric vehicle charging stations has increased from less than 500 in 2008 to more than 16,000 today—a 40-fold increase. Among the actions announced are: Unlocking up to $4.5
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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020
Green Car Congress
JUNE 14, 2010
If terrorists had poisoned 40% of our wetlands and 25% of our fisheries, we wouldn’t ask, ‘How much will it cost to fight back?’ And it will cost much less than you think.”. We ask organizations to move this realistic, conservative, and cost-effective approach to the top of their talking points and priorities. The good news?
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Volkswagen’s Pablo Di Si: Generation to get ‘again to fundamentals’
Baua Electric
MAY 23, 2023
Clearly, having an ID4, manufactured in Chattanooga with all the Inflation Aid Occupation credit score — we’re the one overseas OEM that qualifies for the tax credit for purchases, and we wish to marketplace those broadly again and again and again and again with communique, promoting and so on.
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Joule secures first of multiple sites for solar fuel production; expects costs as low as $20/bbl for renewable diesel (including subsidies) at full-scale production
Green Car Congress
MAY 5, 2011
This includes a tax credit made possible by the Advanced Energy Product Manufacturers Tax Credit Act, which the state legislature voted to amend in recognition of new, breakthrough processes like Joule’s that merit qualification. Joule Unlimited, Inc.,
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BYD wants to take on Hyundai in Korea with its $25,000 Seal EV
Baua Electric
JUNE 18, 2024
BYD SEAL (Source: BYD) BYD to launch low-cost Seal EV to rival Hyundai BYD initiated the sales processing in South Korea, which takes about two to three months to review factors like driving range on a single charge. BYD is expected to launch other low-cost EVs in Korea, including the Dolphin and Atto 3, two of its best-selling models.
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Ford’s EV price cuts boost demand as all-electric sales climb 80% in February
Baua Electric
MARCH 4, 2024
However, Mach-E sales were down 20% through the first half of 2023 as Ford retooled its Cuatitlan, Mexico plant, where the EV is assembled. Once up and running, Hyundai expects EVs assembled at the facility will qualify for the $7,500 federal tax credit, including its first three-row electric SUV , the IONIQ 9. over last year.
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How Umicore is ensuring sustainability in the North American EV battery chain
Charged EVs
FEBRUARY 6, 2024
Cathode active materials are not only a performance and cost driver in EV batteries—they are also a significant contributor to an EV’s overall emissions, so the cathode is in the spotlight of carbon reduction efforts. We’re now also addressing cost-to-performance, without compromising the driving range. How do we do this?
Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low
Green Car Congress
APRIL 6, 2015
A continuing sharp decline in technology costs—particularly in solar but also in wind—meant that every dollar invested in renewable energy bought significantly more generating capacity in 2014. Wind and solar sectors should be able to carry on flourishing, particularly if they continue to cut costs per MWh.
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How Umicore is ensuring sustainability in the North American EV battery chain – Charged EVs
Baua Electric
FEBRUARY 6, 2024
Cathode active materials are not only a performance and cost driver in EV batteries—they are also a significant contributor to an EV’s overall emissions, so the cathode is in the spotlight of carbon reduction efforts. We’re now also addressing cost-to-performance, without compromising the driving range.
Bring on the EV Trucks
Revenge of the Electric Car
MARCH 9, 2009
The more the merrier, the market for these is going to explode soon with Obama’s stimulation plan, and its tax of $7,500 to $15,000 for electric trucks. Note: modified 3/6/09 to add approximate cost of battery lease.). Costs would depend on the number of batteries needed to meet a customer’s needs, the spokesman said.
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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives
EV Adoption
NOVEMBER 26, 2021
For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.
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Tesla’s Elon Musk shares brutally honest take on Dems’ revised EV proposal
Teslarati
SEPTEMBER 13, 2021
Tesla CEO Elon Musk has shared a brutally honest take on the US Democrats’ revised EV tax credit proposal, which happens to be heavily pro-union. This is written by Ford/UAW lobbyists, as they make their electric car in Mexico. Under the revised proposal, the $7,500 tax credit would still be uncapped for automakers.
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Stellantis announces mass layoffs in US and Europe
Baua Electric
MARCH 26, 2024
He added that he believes the rationale for the layoffs was to move jobs to “low-cost countries,” with Stellantis outsourcing jobs to India, Mexico, and Brazil. One mechanical engineer told WJBK Fox, a TV station in Detroit, that “it was a mass firing of everybody that was on the call.”
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Ioniq 6 review; Supercharger cuts; Toyota and Ram fuel-cell trucks: The Week in Reverse
Baua Electric
MAY 12, 2024
Meanwhile, California is seeking to cut the cost of home EV charging through a fixed-charge plan—essentially a package of energy for a flat, reduced fee, with the cost even less for low-income households. If Inflation Reduction Act rules remain, the products might eventually qualify for the EV tax credit.
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The redesigned federal EV tax credit and other EV-related measures
Charged EVs
SEPTEMBER 22, 2022
The recent passage of the Inflation Reduction Act—a sweeping package of tax, health care and climate measures—was like the happy ending to one of those heartwarming “Save Christmas” stories. Credit where credit is due. The revamped tax credit scheme is clearly a great improvement over its predecessor.
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Report: Kia EV3 may be made in Mexico to hit $30,000 price
Baua Electric
JUNE 18, 2024
The Kia EV3 electric SUV could be assembled in Mexico for the U.S. market, a move that could allow it to be eligible for a federal tax credit and hit a $30,000 price point, reports Korean Car Blog (via Electrek ). The post Report: Kia EV3 may be made in Mexico to hit $30,000 price appeared first on Bauaelectric Auto News.
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Trump plans to gut EV policy: What it might mean for jobs, auto industry, made in America
Baua Electric
SEPTEMBER 19, 2024
Trump promises stiff tariffs vs. China and Mexico, may nix federal funding behind U.S. Trump has insisted that there is a “much smaller market” for EVs and plug-in hybrids than what’s been projected, because of these vehicles’ cost and range. BMW Group Plant San Luis Potosí in Mexico Jobs: Would Trump maintain Biden gains?
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