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Tesla lithium supply to come from Quebec, meeting IRA requirements for EV tax credits [Opinion]

Teslarati

Tesla will be receiving lithium supplies from Quebec, giving it an edge in meeting the Inflation Reduction Act’s battery requirements for EV tax credits. A Major Source of Li in North America In a press release , Tesla lithium supplier Piedmont Lithium Inc. Tesla Ahead of the Curve Last week, the U.S.

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Biden Administration mulls over reprieve from EV tax credits for automakers

Teslarati

One of the biggest concerns about the IRA’s requirements for EV tax credit eligibly regards battery packs, cells, and the materials used to manufacture them. In March, the United States Department of Treasury published the battery sourcing guidance, which automakers must comply with to reap the tax credits from the IRA.

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Jacobs and Cirba Solutions expand sustainable battery processing in US

Green Car Congress

Cirba Solutions, a comprehensive battery materials and management company for end-of-life batteries and gigafactory scrap, selected global professional services company Jacobs to expand manufacturing capacity for sustainable electric vehicle (EV) battery materials across North America.

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KPMG and Circulor partner to meet growing demand for digital battery passports

Green Car Congress

Circulor’s approach can also support the automotive industry in proving the requirements of the US Clean Vehicle Tax Credit. With global demand rising, many companies are seeking closer control over opaque supply chains and to boost recycling efforts to secure supplies and deliver on sustainability goals.

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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

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Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles 

Electric Vehicles India

Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles . Yamaha Motor and Hero Motors Limited have signed an agreement that they will jointly establish a company to manufacture hub-mounted drive units for electric bicycles. It will also use it to diversify its manufacturing and supply chains.

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Fisker scraps direct sales and turns to auto dealers for sales

Teslarati

The company also shared its intention to expand retail operations in North America and Europe. 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.

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