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NIO takes hardline approach on vlogger with legal action

Teslarati

Similar to fellow EV maker Tesla, which has taken a hardline approach to inaccurate reports, NIO has taken the legal route to counter misinformation that has reportedly harmed the company. NIO noted that the vlogger’s comparison was incorrect , especially since Norway exempts EVs from import duties and value-added tax.

Legal 67
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Less is more with this ‘street-legal’ tiny Chinese electric SUV

Baua Electric

I stumbled across these $2,600 gems while perusing Alibaba, and one of the first things to catch my eye was the “street-legal” moniker in the title. Of course, don’t expect that advertised $2,600 price to hold up for very long. But hey, tiny electric SUVs aren’t exactly growing on trees around here, either.

Legal 52
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Tesla’s Elon Musk responds to claims that he doesn’t pay income taxes

Teslarati

Tesla’s Elon Musk responded to claims that he doesn’t pay income taxes, along with several other wealthy CEOs, in a report from ProPublica earlier this week. ” However, Musk hasn’t accepted a salary from Tesla, and his stock isn’t taxable unless he sells it due to the Capital Gains Tax. .”

Tax 145
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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. The good news is that there are now tax credits for individuals and businesses that buy or lease a new or used electric vehicle! First, the easy part: How do I claim the $7,500 EV tax credit?

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Liontown and Tesla enter into a binding term sheet for supply of lithium from Kathleen Valley project

Green Car Congress

Australia-based battery materials company Liontown Resources Limited entered into a legally binding sales and purchase term sheet with electric vehicle manufacturer Tesla for the supply of spodumene concentrate. Using today’s market pricing, the contract terms would deliver an SC6.0 billion (US$3 billion) and IRR of 57%.

Supplies 243
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China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO

The Truth About Cars

Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. Legal experts say this case might not be so airtight for China, noting that the U.S. That said, there is still the matter of Chinese tariffs, which can add thousands to the price of a new EV as it enters the United States.

China 79
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Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

Green Car Congress

introduced legislation that would set an escalating fee on greenhouse gas emissions from large stationary sources to fund investments in energy efficiency and sustainable energy technologies and also provide rebates to consumers to offset increases in energy prices. Among the financing provisions of the legislation are: Price on carbon.