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BYD leads EV sales surge in Brazil with affordable electric cars

Electrek

After launching its low-cost Seagull EV (Dolphin Mini) in Brazil, starting at around $20,000 (99,800 BRL), BYD is leading the EV sales surge in the country. However, with a new import tax looming, can the Chinese EV maker continue the momentum? China’s leading automaker, BYD , is aggressively expanding overseas.

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Tesla proposal prompts India to consider import tax cut: report

Teslarati

As per a recent report, India is reportedly considering a policy that would reduce import taxes for automakers that are willing to produce some of their vehicles in the country. Tesla’s Model Y crossover, its best-selling vehicle, starts at $47,740 in the United States before tax credits.

India 73
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GM May Produce EVs In Mexico To Compete With Tesla, Ford

InsideEVs

Mexico may have plenty of appeal for future EV production due to low costs and full access to the US federal EV tax credit.

Mexico 85
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British Columbia is first Canadian province to release its own hydrogen strategy

Green Car Congress

British Columbia (BC) has the resources to produce both green and blue hydrogen with low carbon intensity. BC also has low-cost natural gas reserves, significant geological storage capacity and expertise in carbon capture and storage (CCS) technology, enabling the production of blue hydrogen from natural gas with adequate and permanent CCS.

Hydrogen 297
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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

The Eos Z3 battery contains predominately American components and is specifically designed for mass production and meeting low-cost, long-duration, grid-scale stationary energy storage needs. Domestic production better positions Eos to access the 45X advanced manufacturing direct pay tax credits available under the IRA.

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Major deposits of rare earth elements reported at Ramaco’s Brook Mine in Wyoming

Green Car Congress

Congress and the Department of Energy have earmarked billions of dollars toward this goal, and a bipartisan bill introduced earlier this year would establish tax credits to support the production of magnetic REEs like those found at the Brook Mine.

Wyoming 467
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Fisker scraps direct sales and turns to auto dealers for sales

Teslarati

IRA EV tax credits winning over more auto dealers in 2024 During CES 2024, Henrik Fisker told Automotive News that the electric vehicle (EV) manufacturer intends to sign with 50 car dealerships by the midyear. “When the consumer comes in to see that car, we want that to be separate.

Fisker 96