article thumbnail

Kia looks to secure US federal tax credit for EV9 in 2025

Teslarati

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. By producing the EV9 in Georgia, the all-electric SUV could qualify for a partial EV tax credit.

article thumbnail

EV tax credit supply chain rules ease, but China restrictions remain

Baua Electric

In a coordinated push through federal agencies, the Biden administration on Friday released a revised set of regulations applying to the EV tax credit that will ultimately make the credit easier to claim for a wider range of vehicles in 2025 and 2026 but no easier for Chinese companies to gain a foothold on the market.

article thumbnail

‘Discriminatory’ EV tax credit could bring Mexico-imposed tariffs

Teslarati

The $12,500 electric vehicle tax credit proposed in President Joe Biden’s “Build Back Better” plan is being labeled as “discriminatory” by Mexican Economy Minister Tatiana Clouthier, who said the country is analyzing legal recourse and other actions, including potential tariffs against the United States.

article thumbnail

Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

article thumbnail

International review study seeks to improve modeling for plug-in vehicle adoption

Green Car Congress

The team reviewed models from 16 countries, including the United States, Germany, China, South Korea, the United Kingdom and Ireland. What is the effect of rebates, tax credits, battery research and development and high-occupancy vehicle lane access? What are consumers’ primary purchase considerations? 2018.03.055.

Plug-in 150
article thumbnail

U.S. EV incentives could be vastly expanded via new Senate Bill

Teslarati

The “Affordable Electric Vehicles for America Act” (AEVAA), introduced by Senator Raphael Warnock (D-GA), has likely been introduced as a wave of criticism from international governments and companies alike has surrounded the IRA’s EV incentives since the act’s passage earlier this year. consumers at affordable costs.”

article thumbnail

Report: CCS capacity increased 33% in 2020

Green Car Congress

Findings released by international think tank the Global CCS Institute show that the total capacity of carbon capture and storage (CCS) facilities operating and under development grew by 33% world-wide over the last year. In Asia Pacific, we saw national governments in China, Japan and South Korea commit to net-zero climate targets.

2020 332