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GM expects Chevrolet Silverado EV to get full $7,500 tax credit

Teslarati

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. Fleet customers including for BrightDrop and the Chevrolet Silverado EV will benefit from the $7,500 commercial incentive,” stated General Motors. The Ultium line will likely adhere to the U.S.

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2023-2024 VW ID.4: Most eligible for full $7,500 EV tax credit

Baua Electric

4 electric crossovers on sale now are eligible for the full $7,500 federal EV tax credit, VW confirmed Wednesday in a press release. 4 will retain the tax credit for the entirety of the 2024 calendar year. 4 models are still being sold, with a base price of $40,290, including destination, before the tax credit.

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

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Volkswagen ID.4 gets access to Plug&Charge at Electrify America stations

Teslarati

4 is assembled in Tennessee and has three variants: Standard/Pro, S, and S Plus. 4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) entire $7,500 federal tax credit for electric vehicles. 4 units with SK On battery components qualify for the whole tax credit.

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Notable Updates are Coming to the VW ID.4 for 2024, but Only the More Expensive Models

The Truth About Cars

There’s also a new drive motor for models equipped with the larger 82 kWh battery pack. 4 range, it remains the only European EV that qualifies for federal tax credits in the United States. VW started building the SUV in Tennessee and sources batteries from SK On, giving the vehicle full access to the $7,500 credit.

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Urbix and SK On in joint development agreement for high-performance anode materials

Green Car Congress

BlueOval SK, a joint venture between SKO and US automaker Ford Motor Company, is building three battery manufacturing plants—one in Tennessee and two others in Kentucky. In the US, SKO has two battery manufacturing plants in Commerce, Georgia, with the second plant scheduled to be operational in 2023.

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Nissan CEO: EV adoption in the US progressing faster than expected?

Teslarati

Nissan Motor Co. He also noted that Nissan will invest $250 million in its powertrain facility in Decherd, Tennessee. Uchida specifically cited tax credits from the Inflation Reduction Act as a factor that could support long-term demand for EVs. “The IRA is maybe a challenge for us in the short term.

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