Teslarati

MARCH 29, 2023

The United States Department of Treasury’s battery sourcing guidance might slash EV Tax credits from the Inflation Reduction Act (IRA). The Treasury will release the battery guidance for the IRA EV tax credits this Friday, April 1, 2023. The battery guidance on sourcing minerals will increase by 10% annually.

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Tax Credit Tax Batteries Battery 57

EV Connect

FEBRUARY 13, 2023

Since 2018, the gold standard of federal tax credits for EV chargers has been U.S. Code 30C , more commonly known as the "Alternative Fuel Infrastructure Tax Credit" or the “30C Tax Credit.” That being said, for those eligible to receive the 30C tax credit, there is more money available than ever.

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Tax Credit Tax Alternative Fuels Installation 72

CleanTechnica EVs

JUNE 4, 2023

billion in Inflation Reduction Act production tax credits this year. Benchmark Mineral Intelligence is reporting that Tesla and Panasonic are expected to receive about $1.8 That will put the two companies far ahead of the estimated $480 million that General Motors and LG Energy Solution are expected to receive.

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Tax Credit Tax General Motors Tesla 105

EV Adoption

FEBRUARY 23, 2021

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.

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Tax Credit Tax Sale Plug-in 98

Teslarati

APRIL 5, 2023

Tesla will be receiving lithium supplies from Quebec, giving it an edge in meeting the Inflation Reduction Act’s battery requirements for EV tax credits. announced the official restart of commercial spodumene concentrate production in North America. Tesla Ahead of the Curve Last week, the U.S.

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Tax Credit Tax North America Supplies 96

Teslarati

FEBRUARY 7, 2023

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. On Friday, the Model Y’s entire lineup was added to the list of qualifying vehicles after the U.S. .” market for electric vehicles, and there are worthy competitors.

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Tax Credit Tax Tesla Price 103

The Truth About Cars

APRIL 17, 2023

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. That also means a bunch of foreign-made vehicles no longer qualify.

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Tax Credit Tax North America Chevrolet 93

Baua Electric

FEBRUARY 9, 2024

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. With a $7,500 tax credit on the line, Hyundai has pulled the timeline forward as quickly as possible. Munoz said EVs produced at the new plant will qualify for the tax credit.

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Tax Credit Hyundai Tax Kia 52

Baua Electric

JANUARY 3, 2024

Electric vehicles for under $20,000 are already here. You can score a 2023 Chevy Bolt EV for under $20,000 with new IRS rules allowing you to use the tax credit as a down payment. Chevy Bolt EV (Source: GM) Chevy ended Bolt EV production at the end of the year as it focuses on ramping up its Ultium-based models.

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Tax Credit Tax GM Buy 52

Green Car Congress

DECEMBER 12, 2013

The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. Funded at $2.3 Funded at $2.3 Lead organization. Description.

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Tax Credit Tax Clean Cleaning 218

Green Car Congress

MAY 13, 2023

This paradox requires equivalent supply and demand-side policies to simultaneously reduce power and transportation sector emissions and emissions of aluminum production, the report says. The IIJA funds $73 billion for aluminum-heavy electric infrastructure and $5 billion for a nationwide network of EV charging stations.

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Production Tax Credit Tax Electric 225

Electric Vehicles India

NOVEMBER 1, 2021

Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles . The Indian electric bicycles market growth is valued at USD 0.1 It will be located in Ludhiana in Punjab and start production by November 2022. Electric bikes back up to 30%, capped at the incentive of $1,500 in the US .

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Tax Credit Tax Electric Electrical 79

The Truth About Cars

MAY 4, 2023

Though their electric vehicle lines are among the most compelling new zero-emissions models, Kia and Hyundai’s EVs don’t currently qualify for federal tax credits because of where they’re built. Both are working toward bringing EV production to the U.S.,

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Tax Credit Kia Tax South Korea 52

Green Car Congress

APRIL 27, 2022

Ford has begun full production of F-150 Lightning electric pickup at the ultra-modern Rouge Electric Vehicle Center within Ford’s historic Rouge Complex. Ford has 200,000 reservations for the Lightning and is expanding the Rouge Electric Vehicle Center to ramp up production to a planned annual run rate of 150,000 in 2023.

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F-150 Ford Production Tax Credit 370

Green Car Congress

MAY 17, 2023

Ionic Mineral Technologies, a developer of advanced silicon anode battery materials, launched its Generation 1 Ionisil nano-silicon product for Li-ion cell manufacturers. higher capacity, the Halloysite Hills deposit is able to supply 50 million new electric vehicles, the company calculates. Earlier post.)

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Li-ion Manufacturer Lithium Ion Production 259

Green Car Congress

MARCH 16, 2017

Lucid Motors, a Silicon Valley-based electric vehicle company, announced that the base version of its first vehicle, the Lucid Air luxury sedan ( earlier post ), will have a starting price of $52,500 after federal tax credits. In the first 12 months of production, Lucid plans to produce 10,000 units.

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Tax Credit Tax Price Motor 199

Electrek

OCTOBER 11, 2022

Honda announced today a major investment in producing electric vehicles and batteries in the US. The company is the latest automaker to take that route in order to comply with requirements linked to the new EV tax credit.

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Honda Tax Credit Production Batteries 139

Green Car Congress

MAY 24, 2023

The software tracks the physical flow of critical raw materials throughout the product life cycle, capturing key sustainability and product data and facilitating recovery and recycling efforts. Circulor’s approach can also support the automotive industry in proving the requirements of the US Clean Vehicle Tax Credit.

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Tax Credit Batteries Battery Tax 170

Green Car Congress

SEPTEMBER 7, 2022

Nano-silicon can unlock significantly longer range and faster charging for electric vehicles (EVs). The IRA’s EV tax credits hinge on domestically produced battery minerals, a largely non-existent supply chain. Photo: Ionic MT). Converts the silicon oxide powder to silicon metal powder, maintaining its nano structure.

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Tax Credit Convert Tax Supplies 418

Teslarati

APRIL 22, 2024

It is an annual competition honoring excellence in developing new products or services for marketing, design, and innovation. In April 2023, SK On and Hyundai announced a $5 billion investment in Bartow County, Georgia, for a battery production facility. 4 is among the few electric vehicles eligible for full IRA tax credits.

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Tax Credit Batteries Battery North America 97

Green Car Congress

SEPTEMBER 1, 2020

Global findings reveal more optimism for EVs—just 6% of Chinese respondents and 4% of Indian respondents will wait to buy an EV until gas-powered vehicles cease production. Americans cite too few charging points and too high upfront cost as the leading barriers to buying an electric vehicle.

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Tax Credit Global Vehicles Tax 186

The Truth About Cars

JANUARY 19, 2024

After facing significant challenges ramping up production and meeting customer demand for the F-150 Lightning, Ford recently announced layoffs that will drastically cut volume at its electric vehicle factory in Michigan. That leaves Rouge with one shift a day, down from two last year.

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F-150 Ford Tax Credit Production 105

Blink Charging

JANUARY 19, 2024

Electric vehicle (EV) adoption is increasing. Cox Automotive forecasts a notable surge in electric vehicle adoption, projecting a rise from 7.6% Seize the opportunity to explore, test, drive, and consider an electric vehicle for your next ride as manufacturers expand their product lines to meet growing consumer demand.

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Tax Credit Tax North America Clean 94

EV Life

AUGUST 4, 2023

General Motors was one of the original pioneers of electric cars, introducing the EV1 in 1996 and the game-changing Volt in 2010. Chevrolet has continued that trend in the last few years—emerging as a major leader in the electric vehicle industry. Federal, State, and Local EV Incentives Federal Tax Credit.

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Chevrolet Financing Electric Vehicles Tax Credit 52

Green Car Congress

JANUARY 9, 2010

billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. The 183 projects in 43 states include several for the manufacturing of advanced batteries; biomass projects; and vehicles. President Obama announced the award of $2.3 Aerovironment, Inc.

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Tax Credit Obama Tax Clean 210

Teslarati

AUGUST 31, 2023

Fisker released more details on the production of the $29,900 Pear electric vehicle (EV). 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. It plans to build a factory in Ohio for Fisker Pear production.

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Fisker Production Tax Credit Tax 88

Green Car Congress

MAY 23, 2023

The agreement between Ford and SQM will ensure the supply of battery-grade lithium carbonate and lithium hydroxide, essential components to manufacture high-performance electric vehicle batteries. The agreement with Nemaska Lithium is for the supply of lithium products, including lithium hydroxide, over an 11-year period.

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Supplies Ford Tax Credit Lithium Ion 199

Green Car Congress

FEBRUARY 8, 2023

Nikola Corporation has received approval from the California Air Resources Board (CARB) for Nikola’s Tre hydrogen fuel cell electric vehicle (FCEV) to be eligible for CARB’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) program.

Tax Credit 150

Tax Credit Los Angeles Long Beach Scrappage 150

Green Car Congress

DECEMBER 23, 2022

Nikola Corporation has received a California Air Resources Board (CARB) Zero Emission Powertrain (ZEP) Executive Order that is a requirement for Nikola’s Tre hydrogen fuel cell electric vehicle (FCEV) to be eligible for CARB’s Hybrid and Zero Emission Truck and Bus Voucher Incentive Project (HVIP) program.

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Scrappage Tax Credit Purchase California 435

Electrek

APRIL 7, 2021

Today Electrek turns its spotlight to the up-and-coming EV company, Electric Last Mile (ELMS), which is targeting one of the hottest EV markets: commercial fleets. more… The post Electric Vehicle Spotlight (EVS): Electric Last Mile Solutions appeared first on Electrek.

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Miles Electric Vehicles Tax Credit Vehicles 106

Green Car Congress

AUGUST 16, 2023

Copper is not currently listed as a critical mineral in the United States and does not qualify for IRA tax credits. The study then compares project demand post-IRA to available supply, given IRA rules around sourcing in terms of country of origin for production and processing.

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Global Chile United States North America 370

Baua Electric

FEBRUARY 27, 2024

February 26, 2024, will forever be known as Hyundai Day in the state of Georgia as the automaker gears up to begin production at its first dedicated EV and battery plant in the US later this year. Hyundai announced its fast-tracking production at its Hyundai Motor Group Metaplant America (HMGMA) in Georgia.

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Hyundai Tax Credit Georgia Production 52

Teslarati

AUGUST 25, 2023

As per a recent report, India is reportedly considering a policy that would reduce import taxes for automakers that are willing to produce some of their vehicles in the country. Tesla’s Model Y crossover, its best-selling vehicle, starts at $47,740 in the United States before tax credits.

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India Tax Tesla Tax Credit 70

The Truth About Cars

JUNE 18, 2024

Now, however, General Motors isn’t even in the top ten of the most American-made brands, as the list has been taken over by Tesla and Japanese automakers with domestic production lines. Cars.com’s recent American-Made Index placed the Tesla Model Y as the most American vehicle on sale today.

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Sale Honda Tesla Tax Credit 111

Green Car Congress

FEBRUARY 27, 2010

Michigan-based electric powertrain company ALTe LLC ( earlier post ) was approved to receive a tax credit valued at $8.4 ALTe is developing light- and medium-duty series plug-in hybrid electric vehicle powertrain systems—initially as conversions, but ultimately extending to an OEM basis.

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Tax Credit Tax Michigan Conversion 186

CleanTechnica EVs

MARCH 27, 2023

If you’re a fan of EVs and you spend much time on social media, you probably saw all of the controversy over the Act’s treatment of battery minerals for EV tax credits. If you remember 2022 (it seems so long ago now), you probably remember the Inflation Reduction Act (IRA). I predicted that the situation […]

Tax Credit 90

Tax Credit Batteries Battery Production 90

Teslarati

MAY 31, 2023

Toyota’s electric SUV will be assembled in the United States, qualifying for the Inflation Reduction Act’s (IRA) electric vehicle (EV) tax incentives. Toyota Motor Manufacturing, Kentucky, Inc (TMMK) will produce the all-electric, three-row SUV starting in 2025. Toyota sets goal to sell 1.5

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