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Groupe Renault forms JV in Iran

Green Car Congress

Groupe Renault, IDRO and PARTO NEGIN NASEH Co (NEGIN Holding) are forming a new joint venture company in Iran to boost Renault's presence in the country and step up the brand’s growth. Groupe Renault has been present in Iran since 2003 through a joint venture with SAIPA and IRAN KHODRO.

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Terra Motors starting electric two-wheeler sales in Iran

Green Car Congress

Japan-based Terra Motors, a manufacturer of electric two and three-wheelers ( earlier post ), has started sales of the A4000i electric scooter—with new products to follow—in Tehran, Iran with Jahanro Industrial Co, exclusively for next five years. In Iran, the government has decided to reduce gasoline subsidies.

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Iran Heavy Diesel Engine Mfg. Co. Developing V-12 Natural Gas/Diesel Engine

Green Car Congress

Iran Heavy Diesel Engine Mfg. The V-12 dual-fuel engine is a derivation of the D87 family, which is made up of four engines ranging from 500 kW (671 hp) to 1,250 kW (1,676 hp).There There are plans to expand the range to 16 and 20 cylinders, with outputs of up to 2,000 kW (2,682 hp).

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Tesla models eligible for IRA tax credits in 2024

Teslarati

The base Model 3 and Long Range variant no longer qualify for the IRA tax credits. The most significant changes to the IRA related to EV components sourced from foreign entities of concern (FEOC), which included countries like China, Iran, North Korea, and Russia. The Teslarati team would appreciate hearing from you.

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Borgward expanding to the Middle East; westwards from China

Green Car Congress

Borgward will systematically continue to globalize its activities by entering the markets of Middle Eastern countries such as Bahrain, Kuwait, Qatar, the United Arab Emirates (UAE), and Iran. In this region, we expect especially strong momentum to come from Iran. As announced, we will boost growth further and open up new markets.

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Select Tesla Model 3 variants to lose $7,500 tax credit by 2024

Teslarati

As of this writing, the Tesla Model 3 RWD costs $38,990, and the Long Range variant costs $45,990. The Tesla Model 3 Rear-Wheel Drive (RWD) and the Long Range variant qualify for the IRA’s $7,500 tax credit until December 31, 2024. Meanwhile, the Model 3 Performance starts at $50,990 before options.

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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). The EIA even predicts that OPEC’s net oil exports (excluding Iran) could fall to as low as $380 billion in 2015. Iran Nuclear Deal: A warning sign for OPEC?