The Truth About Cars

APRIL 17, 2023

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. Alternatively, the batteries can be produced from materials recycled in North America. has a free-trade agreement.

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Tax Credit Tax North America Chevrolet 97

Electric Vehicles India

NOVEMBER 1, 2021

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. The bicycle market in India is valued at USD 0.9 Rad Power Bikes.

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Tax Credit Tax Electric Electrical 79

Baua Electric

JANUARY 1, 2024

Over the last few months, Tesla has released a bunch of new statements about changes to the eligibility of its electric vehicles to the federal tax credit in 2024. We are still calling it a “tax credit”, but it is effectively a point-of-sale incentive starting today.

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Tax Credit North America Tax Tesla 52

Teslarati

JANUARY 29, 2024

This positive trend was partially fueled by tax credits from the U.S. billion KRW from the IRA tax credit, which grew 16% from the previous quarter due to a solid performance from LGES factories in the United States. Excluding the tax credit: Operating profit would be KRW 88.1 from the same period last year.

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Tax Credit Energy Tax North America 85

Green Car Congress

SEPTEMBER 15, 2022

1 4WD low range ratio, heavy-duty Dana 44 axles and a new entry price point to the 2023 model year Wrangler 4xe lineup, which continues to be the best-selling plug-in hybrid in America. —Jim Morrison, senior vice president and head of Jeep brand North America. A second high-voltage motor generator is much more powerful.

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Jeep PHEV Tax Credit Volt 369

Teslarati

NOVEMBER 9, 2023

General Motors has its Chevy Bolt EV that hit a sub-$30,000 price tag , and Tesla is moving toward $30,000, but only after federal and state incentives. Some EVs have only qualified for half of that amount because they are not completely assembled in North America. Fischer said that VW had no plans to scale back EVs in the U.S.

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North America Tax Credit America Affordable 112

The Truth About Cars

DECEMBER 28, 2023

JAC Motors has developed a new EV sporting a sodium-ion battery that it says has lower costs and more abundant raw materials. That said, the company is owned, in part, by the Chinese government, making it unclear if anything related to JAC will make its way to North America.

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Sodium Chinese Battery Powered Lithium Ion 111

Teslarati

JUNE 20, 2023

Tesla stock ( NASDAQ: TSLA ) popped more than 3 percent on Tuesday after news of its collaboration with Rivian ( NASDAQ: RIVN ), which will see the latter automaker adopt the former’s North American Charging Standard (NACS) for its vehicles. vehicles helped Tesla regain the full $7,500 credit for all three cars.

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Tax Credit Market Tesla North America 134

Green Car Congress

FEBRUARY 24, 2021

Mitsubishi Motors North America, Inc. liter inline-four cylinder engine and a higher-output rear electric motor. liter inline-four cylinder engine and a higher-output rear electric motor. Starting MSRP remains the same as the 2020 model, just $36,295 before available state and federal tax incentives.

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PHEV Mitsubishi Batteries Battery 243

Blink Charging

DECEMBER 19, 2023

Thanks to our new network integrations, we are proud to offer a global Blink Charging experience, so EV drivers can use the same global Blink mobile app at thousands of locations in North America, Latin America, Europe, and Asia.

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Tax Credit Puerto Rico North America Tax 52

Green Car Congress

JUNE 8, 2011

Mitsubishi Motors North America, Inc., Mitsubishi Motors agrees to provide information and recommendations on EV strategy and infrastructure. Mitsubishi Motors has selected Hawaii to be among the first states to receive the North American-spec production version of the Japanese auto manufacturer’s i-MiEV.

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Hawaii Mitsubishi i-MiEV Motor 247

Teslarati

MAY 31, 2023

Hyundai Motor Group and LGES signed a memorandum of understanding on May 26 in Seoul, Korea, for a battery cell manufacturing facility in Bryan County, Savannah, Georgia. billion The parties agreed to produce EV batteries so Hyundai could accelerate its electrification efforts in North America. based battery plant.

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United States Hyundai Georgia Energy 95

Baua Electric

APRIL 1, 2024

General Motors is negotiating a U.S. The deal reportedly being discussed would bring that partnership to North America in the form of a joint battery plant located in either the U.S. battery-supply deal with China’s CATL, Car News China reports. Japanese and Korean firms currently control 80% of the market.

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GM Ford Batteries Battery 52

Baua Electric

JANUARY 25, 2024

The company saw solid sales growth across key markets, including North America, Europe, and India. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit. Despite higher demand for its EVs, Hyundai is warning of “uncertainty in the business environment.”

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Hyundai Electric Vehicles Tax Credit Vehicles 52

Baua Electric

MARCH 28, 2024

General Motors (GM) is reportedly in talks with battery giant CATL to license its cheaper LFP battery tech. The plans could include a new joint North American plant to produce the new batteries. According to Barra, it will be the first Ultium EV in North America to feature LFP batteries.

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GM Batteries Battery North America 52

Teslarati

JANUARY 23, 2023

Nissan Motor Co. Uchida specifically cited tax credits from the Inflation Reduction Act as a factor that could support long-term demand for EVs. million engines annually, as well as the electric motors used for the Nissan Leaf, the company’s ubiquitous electric hatchback.

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Nissan Tennessee Tax Credit North America 87

Green Car Congress

AUGUST 8, 2022

The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. The credit will be available at the point of sale.

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Tax Credit Fisker Tax Sale 321

Teslarati

JUNE 9, 2023

Tesla ( NASDAQ: TSLA ) and General Motors’ deal that will see the Detroit-based automaker utilize 12,000 Supercharger locations in North America and eventually adopt the North American Charging Standard (NACS) connector helped Wedbush push its price target on Tesla stock upward on Friday, analysts from the firm said.

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GM Price Tesla General Motors 99

Baua Electric

APRIL 28, 2024

. “While we saw drops in EV battery shipment in the first quarter caused by customers’ battery inventory adjustment, we expect to see improved market environment backed by launches of new EVs in North America,” SK On Chief Financial Officer Kim Kyunghoon said in a post-earnings conference call.

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Auto Batteries Battery South Korea 52

Green Car Congress

SEPTEMBER 10, 2020

Lucid Motors unveiled the Lucid Air battery-electric luxury sedan, which will start at less than US$80,000. With up to 1,080 horsepower available in a dual-motor, all-wheel-drive architecture, the Lucid Air is able to achieve quarter-mile times as quick as 9.9 seconds on a consistent, repeatable basis.

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Motor Motors Motoring Tax Credit 414

Blink Charging

NOVEMBER 2, 2023

The Dramatic Decline in Battery Costs The Energy Battery Pack in electric vehicles is a key component in storing the energy needed to power the vehicle’s electric motor. Expanding Battery Manufacturing Capacity in North America In North America, the United States is the leading market for lithium-ion batteries.

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2008 Market Lithium Ion Batteries 52

Teslarati

MARCH 8, 2023

Rivian emailed customers about the Internal Revenue Service’s (IRS) recently released guidance regarding the EV tax credits under the Inflation Reduction Act (IRA) of 2022. Foley & Lardner LLP explained the latest IRS guidance regarding EV tax credits. These qualifications applied as of January 1, 2023.

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Tax Credit Tax North America Mexico 83

Green Car Congress

DECEMBER 1, 2016

A large share of credit goes to the vehicle’s eFlite dual-motor electrically variable transmission (EVT). —Bob Lee, Head of Engine, Powertrain and Electrified Propulsion, and Systems Engineering, FCA - North America. US 9193252 B2: Two motor electric drive hybrid transmission. Click to enlarge.

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Minivan Chrysler EPA 2017 150

Baua Electric

JANUARY 3, 2024

As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place.

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Tax Credit Tax Electric Vehicles Vehicles 52

Teslarati

DECEMBER 3, 2023

Federal electric vehicle (EV) tax credits will be reduced on purchases of two of Tesla’s Model 3 configurations next year, under updated guidance released by the White House this week. “Take delivery by Dec 31 for full tax credit.” or Canada until next year. EV market, shows data What are your thoughts?

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Tax Credit Tax Range Tesla 137

EV Adoption

MARCH 3, 2021

This past week was certainly quite a whirlwind of EV news and developments from Volvo’s plans to end production of ICE vehicles by 2030, yet another proposal to reform the federal EV tax credit, chip shortages, Washington state’s plans to ban ICE vehicles by 2030, Lucid Air delay, Fisker to partner with Foxconn, and much, much more.

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Volvo All-Electric Tax Credit Fisker 95

Green Car Congress

SEPTEMBER 22, 2009

million ATVM loan for Fisker’s Project Nina—the design, engineering and assembly of Fisker Automotive’s next-generation plug-in hybrids, starting at about $39,900 after tax credits. billion for Ford Motor Company; $1.6 billion to Nissan North America, Inc.; and $465 million to Tesla Motors. Earlier post.).

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Fisker Karma PHEV Columbus 199

Clean Fleet Report

MARCH 2, 2023

Is an EV Genesis, the luxury division of Hyundai Motor Group, began this past week producing its first model in the United States at the sprawling HMG factory in Montgomery, Alabama. Both GV70s share a platform that was specifically designed for a gasoline engine and electric motors. kWh lithium-ion battery.

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Hyundai Alabama South Korea All-Electric 89

Green Car Congress

JULY 8, 2011

Mitsubishi Motors North America, Inc., The electric i carries a Manufacturer’s Suggested Retail Price (MSRP) of $27,990 for the base ES model before a federal tax credit of $7,500 and various state financial incentives (subject to availability of funding). Solar-powered charging station.

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Mitsubishi EPA Solar Miles 218

Baua Electric

JANUARY 10, 2024

It starts at a reasonable $32,500 plus a $1,595 destination fee, although it’s not eligible for the $7,500 federal tax credit. The two-door hatchback comes powered by a 118-hp electric motor for a 149-mile range – not amazing but good enough for most trips and daily use.

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Solar Italy Europe Tax Credit 52

The Truth About Cars

SEPTEMBER 22, 2023

While the ChargePoint device is framed as being free, it does require the purchase of a new automobile through the automaker’s captive finance arm Hyundai Capital America. That makes the $33,550 (before any federal tax credits or state incentives) Kona Electric the most affordable way to take advantage of the deal.

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Hyundai Industrial Industry United Kingdom 105

EV Adoption

FEBRUARY 7, 2021

” They have suggested, however, that around “two-thirds” of the the 30 vehicles would be available in the North America. ” The Honda and Acura EVs will be manufactured at GM plants in North America. Sales are expected to begin in the 2024 model year in Honda’s United States and Canadian markets.

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GM Market Cadillac Acura 116

Clean Fleet Report

AUGUST 6, 2023

There are two ways to charge, with the most common plugging into either a home or public charger, the other is through regenerative motor braking. AWD models come with dual electric motors, one each for the front and rear wheels. Federal and state tax credits could reduce your final price, and it should qualify for a HOV sticker.

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Extended Range Ford Range All-Electric 91

Clean Fleet Report

FEBRUARY 3, 2024

The standard Leaf S has a 149-mile all-electric range (AER) with a 40 kWh battery and a 110 kW electric motor producing the equivalent of 147 horsepower (hp) and 236 pound-feet (lb.-ft.) of torque) electric motor, delivers a 45% increase compared to the standard Leaf. We guarantee they will be pleased to see you.

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Nissan Tax Credit Dealers Tax 61

Green Car Congress

JUNE 10, 2009

But that can force the electric motor to run above its recommended speed range, said Ewert Energy Systems co-founder and vice president Andrew Ewert. The upgraded PICC kit boosts mileage while reducing emissions by maximizing use of the car’s electric motor in all driving modes, according to PICC. Earlier post.).

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NiMH Kits Conversion Prius 207

Charged EVs

FEBRUARY 23, 2021

Late last year, Volvo launched its very first all-electric model in North America. The launch model, with a 78 kWh battery pack and two motors providing all-wheel drive, is the high end of a range that will eventually include less expensive models with only front-wheel-drive and/or a lower-capacity battery, at prices in the low 40s.

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Recharge Volvo New York City Gasoline-Electric 75

Blink Charging

OCTOBER 31, 2023

Federal Incentives for Purchasing an EV Among the federal government’s incentives for drivers, you can find tax breaks for both new and used EVs that are in place until the end of 2032. Beginning in 2024, the consumer clean vehicle tax credits can be available at the point of sale by transferring your credit to the dealership.

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Tax Credit Tax Purchase Alternative Fuels 74