Remove Battery Remove Chinese Remove Iran
article thumbnail

Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Baua Electric

Manufacturers may temporarily exclude certain impracticable-to-trace battery materials from FEOC compliance until 2027 as long as they demonstrate how they plan to comply by then, Treasury said. 1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles.

article thumbnail

Mercedes CEO Says Brand Sticking With China for the Long Haul

The Truth About Cars

However, America seems increasingly interested in distancing itself from the nation while Germany has grown more reliant on the Chinese market. During the corona years, the wealthier Chinese in particular made extraordinary savings," Kallenius said. This purchasing power should benefit us." influence.&

article thumbnail

2025 Polestar 3 starts at $74,800 and 315 miles, US deliveries in Q2

Baua Electric

At launch, the entire 2025 Polestar 3 lineup will have dual-motor all-wheel drive, with an output of 489 hp and 620 lb-ft of torque, and a 111-kwh battery pack. is also considering hiking tariffs on Chinese EVs. The 2025 Polestar 3 will arrive for first deliveries in the U.S. Polestar has said that U.S.

Miles 52
article thumbnail

Chilean lithium to be eligible for U.S. tax break – ET Auto

Baua Electric

Products made with Chilean-mined lithium – used for electric-vehicle batteries – will be eligible for U.S. Inflation Reduction Act ( IRA ), which includes subsidies for electric vehicles based on their battery metal sourcing. The IRA requires a certain percentage of the critical metals in the battery come from the U.S.

Tax 52
article thumbnail

Automakers handed a win with updated EV tax credit guidance in the U.S.

Teslarati

The White House issued new guidance on federal electric vehicle (EV) tax credits this week, including a key exemption that’s considered a win for many automakers, as it offers extra time for companies attempting to set up battery production operations in the U.S. These countries include North Korea, China, Russia and Iran.