Remove America Remove Building Remove Tax Credit Remove Vehicles
article thumbnail

Biden Administration mulls over reprieve from EV tax credits for automakers

Teslarati

The reprieve would concern the eligibility of electric vehicles for the IRA’s tax incentives. 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. The Teslarati team would appreciate hearing from you.

article thumbnail

Georgia Senator introduces bill that would allow Hyundai, other automakers to qualify for EV tax credit

Electrek

Georgia Senator Reverend Warnock introduced a new bill that would expand which electric vehicles qualify for a tax credit through the Inflation Reduction Act. The post Georgia Senator introduces bill that would allow Hyundai, other automakers to qualify for EV tax credit appeared first on Electrek.

article thumbnail

IRS updates IRA EV tax credit guidance, new rules apply April 18

Teslarati

The IRS has updated its guidance relating to the Inflation Reduction Act’s (IRA) tax credit that applies to electric vehicles, with new rules coming into effect on April 18. These rules go into effect on April 18, and the IRS will publish a new list of what models will qualify for specific credits.

article thumbnail

Hyundai says its first EV plant will open this year to gain the $7,500 tax credit

Baua Electric

The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October. According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. Munoz said EVs produced at the new plant will qualify for the tax credit.

article thumbnail

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 . A proposed US tax credit for new electric bicycle purchases bumped backed up to a full 30%. President Biden’s “Build Back Better” proposal has restored the proposed incentive back to its full 30%. Rad Power Bikes.

article thumbnail

Tesla set to build batteries at Giga Berlin faster than previously thought, despite recent reports

Teslarati

Tesla is still planning to build electric vehicle battery cells in Germany at Giga Berlin, and faster than previously projected. ” The translation is slightly incorrect, as Tesla does not currently build battery cells in Germany. The report also states that it is prioritizing U.S. battery production will benefit Tesla.

Building 145
article thumbnail

2023 was a tremendous year for both EVs and Plug In America!

Plug in America

Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. New federal EV tax credits were expanded and updated, and credits for used and commercial EVs became available for the first time in January. We also provided feedback from EV drivers (Thanks to you!)

Plug-in 52