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From Scooters to High Speed Rail, China is Electrifying

Plugs and Cars

Just as today we can look at a nighttime satellite image and see the black void that is recalcitrant, unelectrified North Korea, once that was China. The BYD plug-in hybrid I drove performed well. Today China is as illuminated as the rest of the world, and they are carrying electrification further.

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Which 2024 EVs qualify for the $7,500 EV tax credit?

Baua Electric

1, any vehicles with key battery components sourced from a “foreign entity of concern”—China, Russia, Iran, or North Korea— will be disqualified in 2024 , as will corporate subsidies if a “parent entity” from one of those countries directly holds more of 50% of the automaker’s interest. Starting Jan.

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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

Read on or just use EV Life’s EV Savings Calculator to tell you what you and your vehicle qualify for. In addition, battery sourcing requirements can also affect a vehicle’s eligibility. The full $7,500 tax credit is split into two parts, each worth $3,750. Vehicles can qualify for none, both, or either of these credits. or a trade partner.

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How New Eligibility Criteria for the Electric Vehicle Tax Credit Affects You

Blink Charging

Simply put, this means if a manufacturer is mostly based in countries such as North Korea, China, Russia, or Iran, they won’t qualify for the tax credit. As of 2022, there are 230 Hybrid & Electric Vehicle Manufacturing businesses in the US, reflecting a 9.4% Which Vehicles Are Now Disqualified from the EV Tax Credit?