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Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles 

Electric Vehicles India

Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles . Yamaha Motor and Hero Motors Limited have signed an agreement that they will jointly establish a company to manufacture hub-mounted drive units for electric bicycles. It will also use it to diversify its manufacturing and supply chains.

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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). Headquartered in Seoul, SKO is a global Tier 1 cell-maker, with major battery plants operating and under construction across Asia, the US and Europe.

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Ford prices C-MAX Energi plug-in hybrid at $29,995 after federal tax credit; expects conquest rate of about 50%

Green Car Congress

Its eligibility for a $3,750 federal tax credit drops that to $29,995. Both Prius Plug-in models qualify for a federal tax credit of $2,500. C-MAX Energi also is expected to qualify for additional tax credits up to $1,500 in California. The base MSRP for the Prius Plug-in Hybrid is $32,000.

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KPMG and Circulor partner to meet growing demand for digital battery passports

Green Car Congress

Circulor’s approach can also support the automotive industry in proving the requirements of the US Clean Vehicle Tax Credit. 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.

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FREYR Battery to site US gigafactory in Georgia; initial investment $1.7B, growing to $2.6B through 2029

Green Car Congress

The company selected the Bridgeport Industrial Park site based on key operational, logistical, and financial criteria, including the suitability of the site to co-locate modular upstream and downstream projects with the Giga America cell manufacturing facility. TWh from the US and Europe will be required through 2030.

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Biden rumored to announce quadrupling of tariffs on Chinese EVs, up to 100%

Baua Electric

Tariffs have been called for by several entities in the US ( and Europe ), as Chinese EV manufacturing has rapidly ramped in recent years. It caught foreign manufacturers by surprise, leaving ICE car values plummeting in China as consumers are simply not interested. 84%, similar to the US market share of.66% at the time.

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Tesla Model Y trim gets minimal price increase in China

Teslarati

lineup of Model Y trims was added to the IRS’s list of vehicle qualifying for federal tax credits in early February, Tesla pushed prices up slightly. While this plant builds cars for Chinese customers, it is also the company’s export hub for customers in other markets, including Europe and Australia.

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