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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. If it does, the Silverado EV will qualify for the IRA’s full $7,500 EV tax credit. GM issued a list of electric vehicles in its lineup that would qualify for the full EV credit.

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Schaeffler invests $230 million in new automotive manufacturing facility in Ohio for EV products – Charged EVs

Baua Electric

Schaeffler will invest over $230 million to build a new greenfield manufacturing facility in Dover, Ohio, and is also planning future expansions in the state. The state government is providing grants and tax credits for the company’s investments, which are expected to create some 650 jobs.

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Jacobs and Cirba Solutions expand sustainable battery processing in US

Green Car Congress

Jacobs is managing the facility design and supporting construction of multiple site locations, including an expansion at Cirba Solutions’ lithium-ion processing site in Lancaster, Ohio. The expansion project is estimated at $200 million, and the site recently received more than $82 million in grants from the US Department of Energy.

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LG Energy Solution reports steady increase in profit for FY 2023 

Teslarati

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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Georgia Tax Credit, Chrysler Start-Stop, Electric Car Price Guide: Today In Car News

Green Car Reports

Today on Green Car Reports: Georgia''s $5,000 electric-car tax credit is threatened, Chrysler fits start-stop to certain 2015 models, and our updated electric-car price guide. Ohio thumbs its nose at energy.' All this and more on Green Car Reports.

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Toyota Prius Recall, Georgia Electric-Car Incentive, Tesla Ohio Troubles: Today's Car News

Green Car Reports

Today on Green Car Reports: Georgia may kill its $5,000 electric-car tax credit, Ohio car dealers renew their legislative fight against Tesla Motors, and 2010 through 2014 Toyota Prius hybrids are being recalled. All this and more on Green Car Reports.

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Honda joins EV race with historic $11B investment to build 240K EVs a year

Baua Electric

Honda also invested $700 million to retool three Ohio plants to serve as its hub for future EV and EV battery production. With a full supply chain, Honda expects to cut costs by over 20%. Honda aims for EVs and FCEVS to account for 100% of vehicle sales by 2040.

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