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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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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. 2024 Rivian R1T Which models qualify?

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

EV Life

In addition, battery sourcing requirements can also affect a vehicle’s eligibility.