Baua Electric

JUNE 17, 2024

Once assembly begins, Hyundai expects EVs built at the facility to qualify for the $7,500 federal tax credit, giving the automaker even more momentum. 2024 Hyundai IONIQ 5 interior (Source: Hyundai) Although the battery unit will come online about a year later, it will be sourced from Hyundai’s Hungary plant.

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Baua Electric

MARCH 22, 2024

The BMW Vision Neue Klasse X is an electric SUV that forecasts a model due to start production in Debrecen, Hungary, in 2025. BMW Vision Neue Klasse X concept Following the start of production in Hungary, Neue Klasse EVs will be manufactured at BMW’s main plant in Munich, Germany. federal tax credits.

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BMW SUV Future Range 52

Baua Electric

MARCH 22, 2024

The BMW Vision Neue Klasse X is an electric SUV that forecasts a model due to start production in Debrecen, Hungary, in 2025. BMW Vision Neue Klasse X concept Following the start of production in Hungary, Neue Klasse EVs will be manufactured at BMW’s main plant in Munich, Germany. federal tax credits.

BMW 52

BMW SUV Future Range 52

Baua Electric

MARCH 18, 2024

Audi farms dual motors for the Q6 E-Tron in Hungary, rated at 140 kw in front and 250 kw in the rear. Neither version will qualify for federal tax credits, however, since the batteries come from CATL and get put together in Germany.

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Baua Electric

FEBRUARY 6, 2024

As of 2025, vehicles whose batteries contain certain “critical minerals” extracted or processed in China will also be ineligible for the tax credit. Tesla’s CEO Elon Musk said last week that Chinese EV makers would “pretty much demolish” other competitors if it weren’t for trade barriers.

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