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EV tax credit rules get extension in big win for automakers

Teslarati

The electric vehicle tax credit rules got an extension on Friday as the U.S. Department of the Treasury will allow some crucial trace minerals from China to be included in anode materials and battery components to be exempt. The post EV tax credit rules get extension in big win for automakers appeared first on TESLARATI.

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

Green Car Reports

4 electric crossovers on sale now are eligible for the full $7,500 federal EV tax credit, VW confirmed Wednesday in a press release. VW notes in the release that it's the first foreign automaker to qualify under tightened rules relating to battery supply that took effect at the start of the year. It achieved that.

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The Nissan Leaf is Eligible for a $3,750 Tax Credit Again

The Truth About Cars

The automaker announced that the car has regained eligibility for federal tax credits, though for only half of the maximum $7,500. With the credit, the Leaf starts in the mid-$25,000 range, extending its lead as the cheapest EV on sale. has a free-trade agreement.

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Volkswagen ID.4 with SK ON battery components eligible for full $7,500 tax credit in 2024

Teslarati

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 starts with an MSRP of $38,995 for the Standard variant, which has a 62 kWh battery and an EPA-estimated range of 209 miles. 4 with two battery and powertrain options.

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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. We are going to have lots of battery capacity in the United States.

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Tesla lithium supply to come from Quebec, meeting IRA requirements for EV tax credits [Opinion]

Teslarati

Tesla will be receiving lithium supplies from Quebec, giving it an edge in meeting the Inflation Reduction Act’s battery requirements for EV tax credits. Tesla and LG Chem are among the list of battery and electric vehicle manufacturers that will receive spodumene concentrate from NAL in Quebec.

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GM Will Discount Models Not Currently Eligible for $7,500 Tax Credit

The Truth About Cars

The EV tax credit rules changed again at the beginning of 2024, and stricter requirements on battery materials sourcing cut several previously qualified models from the list. The stricter battery sourcing rules aim to take some of the wind out of China’s sails in the EV race.