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Tesla gets $330M tax break for Giga Nevada expansion plan

Teslarati

The Nevada Governor’s Office of Economic Development (GOED) Board approved a $330,250,366 million tax break for Tesla. Listed below are the taxes Tesla could generate, assuming it invests all $3.6 million in gross average annual property tax revenues $11.2 million in gross average annual sales taxes $1.1

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Tesla said to be mulling U.S. battery plant with supplier CATL

Teslarati

based battery plant with one of its suppliers, CATL, according to a new report. Bloomberg reported yesterday that Tesla is potentially looking to build an electric vehicle battery cell production facility somewhere in the United States with CATL , citing people familiar with the matter. to take advantage of these incentives.

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Who’s Leading the Shift Away from Internal Combustion Engine Automobiles?

Clean Fleet Report

Austin, TX BYD leads in sales in China–and its cars are starting to show up elsewhere in the world, such as the Shark pickup that’ being built and sold in Mexico Electric vehicles (EVs) are powered by an electric motor that draws electricity from a battery that can be charged from an external source.

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China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO

The Truth About Cars

Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. With an eye on reducing America’s dependence on Chinese batteries and materials, the Act incentivizes automakers to source materials from free-trade-compliant countries and build EVs in North America. others might.

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DOE CEMAC report examines US opportunities in automotive Li-ion batteries

Green Car Congress

With increasing demand for electric and hybrid electric vehicles and with lithium-ion battery (LIB) producers locating in close proximity to automotive manufacturers, the United States has an opportunity in automotive LIBs under certain conditions, according to a new 2 15osti/63354.pdf">report

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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. ” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits. battery production.” battery production.”

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Ford to Invest Additional $450M in Michigan for Hybrid and Plug-in Vehicle Production; Battery System Design and Development to Be In-House Core Competency

Green Car Congress

Ford Motor Company will invest an additional $450 million in its electric vehicle plan, paving the way to build its next-generation hybrid and plug-in hybrid vehicle vehicles in Michigan beginning in 2012. from a large SUV factory to build the all-new Focus starting in 2010 and Focus Electric pure battery electric vehicle in 2011.

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