Baua Electric

MAY 3, 2024

Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite. New rules took effect on Jan. ” The new rules, required under an August 2022 law, are designed to wean the U.S. .

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Green Car Reports

JUNE 14, 2022

Automakers want Congress to consider the EV tax credit yet again. A group of four automakers—GM, Ford, Toyota, and Stellantis—have sent a letter to Senate and House of. Dynamic wireless charging gets put to the test. And Tesla is on top of the world—in EVs—for another year or two.

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Electrek

FEBRUARY 24, 2023

German automaker and VW Group subsidiary Audi is flirting with the idea of implementing EV production on US soil, so its vehicles can once again qualify for federal tax credits under new terms outlined in the Inflation Reduction Act.

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Electrek

DECEMBER 2, 2022

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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The Truth About Cars

DECEMBER 7, 2021

Elon Musk has continued bashing the Biden administration’s tax credit legislation designed to spur electric vehicle adoption, this time suggesting that the entire bill be scrapped. The post Elon Musk Continues Insulting Biden Admin’s EV Tax Credit Scheme appeared first on The Truth About Cars.

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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. The site “is advancing ever day,’” according to Oscar Kwon CEO of the Hyundai Motor Group Metaplant America (HMGMA). Munoz said EVs produced at the new plant will qualify for the tax credit.

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Green Car Reports

OCTOBER 24, 2018

GM is next, after Tesla, in hitting the 200,000 ceiling for the EV tax credit. The EPA dismisses some more groups of scientists. Less than six days after rolling its new Model 3 Mid Range out for order. And electric-vehicle hopeful Dyson is soon starting a factory, as Faraday Future's struggles continue.

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Clean Fleet Report

MARCH 2, 2023

News: 2023 Genesis Electrified GV70 AWD First Genesis Built in the U.S. Is an EV Genesis, the luxury division of Hyundai Motor Group, began this past week producing its first model in the United States at the sprawling HMG factory in Montgomery, Alabama. The Electrified GV70 comes in two trim levels. Story by John Faulkner.

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Electrek

OCTOBER 24, 2022

However, analysts believe with the new tax credit provisions from the Inflation Reduction Act, a drop in demand “seems inevitable” for foreign automakers like the Hyundai Group. Hyundai delivered another strong performance in the third quarter as several popular EV models led to 27% EV sales growth.

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Baua Electric

FEBRUARY 27, 2024

Hyundai announced its fast-tracking production at its Hyundai Motor Group Metaplant America (HMGMA) in Georgia. Hyundai initially planned to begin production early next year, but the automaker is plowing ahead with the $7,500 federal tax credit on the line. Once up and running, Hyundai expects to build 300,000 EVs annually.

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Teslarati

FEBRUARY 28, 2024

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. Hyundai Motor Group is investing $7.59 Hyundai Motor Group was second in EV sales last year thanks to its Hyundai and KIA brands. billion in HMGMA. billion in individual earnings per year.

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Teslarati

APRIL 5, 2024

Kia looks to secure US federal tax credit for EV9 in 2025 “Since the brand relaunch in 2021, Kia has undergone various changes across the business, including the establishment of a groundbreaking EV lineup and presenting a customer-centered mobility future. The company expects BEV and HEV sales to account for 24% of total sales.

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Teslarati

JANUARY 2, 2024

For the quarter, the Model S and Model X were grouped with the Cybertruck, which started initial deliveries in late November , but the all-electric pickup’s contributions to the figure were minuscule. Additionally, the Model X’s Long Range configuration qualified for tax credits , making it even more accessible to consumers.

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Green Cars News

MAY 19, 2010

A group of biotechnology and biofuel companies and trade associations have appealed for an extension to the tax credits offered for cellulosic biofuels. Tags: Biofuels Green cars Latest news algae biofuel Alternative Fuels biofuel tax credits Green JOB Act renewable energy economy.

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Teslarati

MAY 18, 2021

Tesla shares increased in value by over 700% last year, and while 2021 hasn’t yielded the same results, Munster’s analysis reveals that things like tax credits for owners can only lead to bullish outlooks for the automaker’s stock. They will likely get restarted again for Tesla owners.”

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Baua Electric

JANUARY 6, 2024

Which EVs made the tax-credit shortlist in 2024? 2024 Rivian R1S A preliminary list of 2024 EVs qualifying for the tax credit was released early this week by the EPA, and as expected there are very few models qualified for the full $7,500 amount. Which company faced a $1.7 billion fine for diesel emissions cheating?

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The Truth About Cars

MARCH 21, 2024

A new study is claiming that automakers lose an average of $6,000 for every $50,000 electric vehicle they sell. Boston Consulting Group, an American-based global management consulting firm that issued the report, said the figure accounts for customer tax credits — painting a rather bleak picture for the future of EVs.

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Baua Electric

FEBRUARY 2, 2024

Hyundai announced a new deal with Iveco Group to supply an all-electric van based on its global eLCV platform. The Iveco-badged electric van will be Hyundai’s first export to use its new EV platform. The deal is part of a broader partnership established in March 2022. FTC: We use income earning auto affiliate links.

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The Truth About Cars

SEPTEMBER 1, 2023

Rumors have pointed to the automaker starting production in the country first, and Chinese buyers are a vitally important group for the company. but the timing will likely coincide with production starting at its American factories to meet federal tax credit requirements.&

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Teslarati

NOVEMBER 9, 2023

At the Reuters Events Automotive USA 2023 conference in Detroit, Senior VP and Head of Strategy at Volkswagen Group of America Reinhard Fischer said that Volkswagen will do exactly that. You can also reach me on Twitter @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com. I’d love to hear from you!

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Baua Electric

JANUARY 12, 2024

It’s essentially like receiving the full EV tax credit with a new purchase. In comparison, the new Tesla Model 3 Highland starts at $40,380 (including destination). Like the IONIQ 6, Tesla’s Model 3 is no longer eligible for the IRA tax credit. Hyundai sold nearly 47,000 IONIQ 5 and IONIQ 6 models in 2023.

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Teslarati

JANUARY 4, 2023

Joe and the ZETA team have accomplished a lot in the last two years, and I am excited to work with such a committed and knowledgeable group,” stated Albert Gore. “It The IRA removes the 200,000 unit-per-manufacturer cap and provides up to $7,500 for new EV purchases. It is a thrilling time for the electric vehicle industry.

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Baua Electric

APRIL 17, 2024

Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the Boston Consulting Group. 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.

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Teslarati

SEPTEMBER 16, 2022

“We believe the stock is fairly priced, and we do not see a catalyst for underperformance in the near-term,” Vikram Bagri, who took over coverage on Tesla shares for the group from Raji Gill, said. “In You can also reach me on Twitter @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com.

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Teslarati

MAY 31, 2023

Hyundai Motor Group and LGES signed a memorandum of understanding on May 26 in Seoul, Korea, for a battery cell manufacturing facility in Bryan County, Savannah, Georgia. The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit. based battery plant.

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Teslarati

NOVEMBER 19, 2022

But, the news released today regarding Volkswagen’s pre-existing EV production does build confidence in the German auto giant. eligible for federal tax credits. Numerous VW Group brands have seen a rapid increase in demand for vehicles like the Audi e-tron, the Porsche Taycan, the VW ID.3

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Baua Electric

MARCH 14, 2024

Hyundai IONIQ 6 Black Edition (Source: Hyundai) Hyundai Motor Group said in a statement (via Reuters ), “Hyundai Motor and Kia will take prompt actions to prevent customer inconvenience and will continue to prioritize the safety of our customers and their vehicles.” appeared first on Bauaelectric Auto News.

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Teslarati

APRIL 16, 2023

French miner Eramet and local Indonesian companies Merdeka Gold Copper and Kalla Group also joined the partnership. The proposal would allow companies that use raw minerals from Indonesia to meet the Inflation Reduction Act’s (IRA) battery qualifications for EV tax credits. The Southeast Asian country also has cobalt reserves.

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Baua Electric

JANUARY 17, 2024

Hyundai Motor Group (including Kia) overtook Ford and GM to take second in US EV sales last year, behind only Tesla. That’s without their electric models qualifying for the $7,500 EV tax credit (only through leasing). FTC: We use income earning auto affiliate links.

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Baua Electric

FEBRUARY 4, 2024

As the group underscores, non-hybrid ICE models accounted for just 63.9% According to the group, the top three cars sold in the state in 2023 were the Tesla Model 3 , Toyota Camry, and Honda Civic, while the top three light trucks sold in the state were the Tesla Model Y , Toyota RAV4, and Honda CR-V. of sales in 2023, down from 71.6%

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Baua Electric

MARCH 7, 2024

EV maker Rivian’s (RIVN) stock is trending Thursday ahead of the highly anticipated launch of its new R2 electric SUV. Rivian stock scored a buy rating from Jefferies Finacial Group, suggesting over 45% upside potential. With the anticipated $7,500 EV tax credit, the R2 starting price could potentially fall below $40,000.

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The Truth About Cars

APRIL 25, 2023

Automotive News perfectly encapsulated the dichotomy this week by reporting on just how much some networks have been struggling, while retailers reap comparably higher benefits: ChargePoint posted a net loss of $344.5 EVgo, which runs more than 70 charging sites on [Simon Property Group locations], saw a net loss of $106.2

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Baua Electric

JANUARY 29, 2024

Octopus Electric Vehicles is part of the UK-based energy tech giant Octopus Energy Group, which first launched Octopus Energy US in Texas in 2020 after acquiring Evolve Energy. The post This Texas EV lease company includes unlimited free home charging appeared first on Bauaelectric Auto News. Houstonians, you can learn more here.

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Teslarati

DECEMBER 3, 2023

The White House issued new guidance on federal electric vehicle (EV) tax credits this week, including a key exemption that’s considered a win for many automakers, as it offers extra time for companies attempting to set up battery production operations in the U.S. to switch to domestic minerals.

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Baua Electric

MAY 2, 2024

Treasury Department could issue clarifications on federal EV tax-credit eligibility rules as early as Friday, reports Transport Topics. does not have friendly trade relations with would not qualify for a $7,500 federal tax credit. But these could still limit the number of vehicles that qualify for the federal tax credit.

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EV Adoption

MARCH 3, 2021

This past week was certainly quite a whirlwind of EV news and developments from Volvo’s plans to end production of ICE vehicles by 2030, yet another proposal to reform the federal EV tax credit, chip shortages, Washington state’s plans to ban ICE vehicles by 2030, Lucid Air delay, Fisker to partner with Foxconn, and much, much more.

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Revenge of the Electric Car

APRIL 20, 2010

Nissan's new electronic vehicle, the Leaf. (AP After a federal tax credit and state rebate, the price of these cars will come out at around a cool 20k. Read more about it in the San Jose Mercury News Article: Reservations for the all-electric Nissan Leaf start Tuesday. By Dana Hull for the San Jose Mercury News.

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