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

Baua Electric

Global motion technology company Schaeffler plans to expand its US operations with the addition of a new manufacturing facility focused on producing automotive electric mobility solutions. The Dover site is near Schaeffler’s existing transmission manufacturing facility in Wooster.

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

Baua Electric

The project will include four new manufacturing plants in Ontario. 2024 Honda Prologue (Source: Honda) Justin Trudeau, prime minister of Canada, said Honda’s investment is a “game changer for manufacturing in Canada.” FTC: We use income earning auto affiliate links. Production is expected to begin in 2028.

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Route Zero Relay Kicks Off EV Road Trip

Electric Auto Association

The White House has a goal for 50% of all auto sales to be electric by 2030 under its EV Acceleration Challenge. Find the Most Up-to-Date EV Tax Credit Guide The IRA federal EV tax credit has numerous battery material and domestic manufacturing requirements. See more on the EV fact sheet.

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Lucid Motors to further localize supply chain under materials agreement with Graphite One

Baua Electric

Furthermore, localizing supply chains is another way automakers like Lucid Motors are utilizing to cut costs and potentially qualify for Federal tax credits. FTC: We use income earning auto affiliate links. Today, Lucid announced a supply chain agreement with Graphite One, touting it as a first-of-its-kind collaboration.

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Lucid Air debuts in New York; completes first high speed stability test at 217 mph

Green Car Congress

Lucid Motors made its global auto show debut at the New York International Auto Show, presenting the Lucid Air luxury electric sedan and also presenting its Alpha Speed Car test vehicle, which had just completed its first high-speed stability test at 217 mph (349.2 The Air will be manufactured in Casa Grande, Arizona.

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The Congressional Review Act and its potential impact on EV tax credits

Plug in America

auto industry globally competitive. The IRA catalyzed $500 billion in private-sector manufacturing jobs. history, offering tax credits on energy-efficient electric heat pumps, home energy efficiency improvements, rooftop solar or battery storage, and–our personal favorite–clean vehicle tax credits for both new and used EVs.

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Honda, Acura neatly situated in 2023, says American Honda’s Mamadou Diallo

Baua Electric

Shoppers are snapping up each Honda and Acura product now that we will be able to meet call for, however we nonetheless wish to secure our manufacturing goal reasonable and in step with our pristine industry methods, which is [maintaining] low stock and having sellers promote into their pipeline, and truly run an effective operation.

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