Kia to build $30,000 EV3 in Mexico, unlocking US EV tax credit
Electrek
JUNE 17, 2024
Kia plans to build its new EV3 in Mexico as it looks to take advantage of the US electric vehicle tax credit. A new low-cost EV is primed to hit the US market.
Building Mexico Tax Credit 
Kia and Hyundai to build EVs in Mexico for IRA tax credit eligibility
Electrek
MAY 17, 2023
The Governor of New Nuevo León, Mexico, announced a new (potential billion-dollar) investment from Kia to expand its plant in the region and produce two EVs together with Hyundai. The move comes as the two automakers look to ensure EV models qualify for the IRA tax credit.
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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
JANUARY 11, 2010
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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UAW Suggests EV Tax Credit Should Only Apply To US-Built Cars
InsideEVs
MAY 3, 2021
This comes on the heels of GM's and Ford's plans to build EVs in Mexico.
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Second Tesla center in New Mexico to open on Santa Ana Pueblo
Teslarati
OCTOBER 9, 2022
Tesla is building its second sales, service and delivery center on tribal land. In September 2021, Tesla opened its first center on Native American tribal land in New Mexico. noted that New Mexico’s presence in the EV space would significantly improve soon, thanks to the Infrastructure Law and Inflation Reduction Act.
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Ford Investing $550M to Retool SUV Plant to Produce Focus Small Car and EV
Green Car Congress
MAY 6, 2009
Ford Motor Company is investing $550 million to transform its Michigan Assembly Plant into a flexible manufacturing complex that will build Ford’s next-generation Focus global small car along with a new battery-electric version of the Focus for the North American market. Earlier post.) The 2.866 million square-foot plant was built in 1957.
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Another One Bites the Dust: Kia Killing the Rio After 2023
The Truth About Cars
AUGUST 23, 2023
Kia will continue building sedans, but cars have fallen off in favor as SUVs and trucks have taken over the world. The automaker’s factory in Monterrey, Mexico, builds the Rio, and the company is expected to retool the facility for EV production. Average vehicle purchase prices in the U.S.
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China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO
The Truth About Cars
MARCH 28, 2024
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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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020
Green Car Congress
JUNE 14, 2010
When our country was attacked at Pearl Harbor, no one believed we could build 30,000 planes and tanks in just one year. But it will take decades to shift most freight from trucks to trains, design walkable communities, shorten our commutes, and build better mass transit and high-speed rail networks. And no one asked what it would cost.
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Bring on the EV Trucks
Revenge of the Electric Car
MARCH 9, 2009
Many of the companies that have fleets of trucks have buildings that are perfect for solar. According to its website, it is a California-based manufacturer of battery-electric and hybrid-electric trucks that was founded in 1989, spent years or development and has been building and selling its vehicles in Mexico for several years now.
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Tesla said to be mulling U.S. battery plant with supplier CATL
Teslarati
MARCH 31, 2023
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. Ford announced a similar deal with CATL last month, looking to build a battery manufacturing plant within the U.S.
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Kia’s affordable EV3 officially spotted in the US ahead of its upcoming debut [Images]
Baua Electric
AUGUST 8, 2024
After reports surfaced that Kia would build the affordable EV in Mexico and export it to the US, it looks like they are turning out to be true. Kia EV3 GT-Line (Source: Kia) Kia’s EV3 caught testing in the US Kia is expected to build EV3 models in Mexico to take advantage of the federal EV tax credit.
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Kia EV3 sales top 4,000 in its first month on the market
Baua Electric
SEPTEMBER 3, 2024
Kia is also expected to build the EV3 in Mexico to take advantage of the US tax credit. Kia EV3 interior (Source: Kia) According to TheKoreanCarBlog , Kia plans to begin EV3 production at its Monterey plant in Mexico by the end of 2024. With the tax credit, prices could start as low as $25,000.
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Ram hydrogen fuel-cell truck, BMW EV batteries, rural charging: Today’s Car News
Baua Electric
MAY 7, 2024
BMW has started building a battery plant in Mexico that will provide more energy-dense cylindrical cells for longer range and faster charging in next-generation Neue Klasse EVs. If Inflation Reduction Act rules remain, the products might eventually qualify for the EV tax credit. This and more, here at Green Car Reports.
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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge
Green Car Congress
JULY 21, 2016
It will also list current tax credits and incentives applicable to EV charging. The Standard for High Performance Green Buildings will consider a revision to encourage EV-ready building practices. Expanding DOE’s Workplace Charging Challenge.
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2023 was a tremendous year for both EVs and Plug In America!
Plug in America
DECEMBER 21, 2023
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. New Mexico adopted the Advanced Clean Cars II standard (ACC II).
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Electric vehicles are inflation relief
Electric Auto Association
SEPTEMBER 3, 2022
ZappyRide has been building this type of calculator for nearly 5 years and is quickly becoming the authority among EV data providers. It builds white-label websites and tools for Auto OEMs, utilities, fleets, and other greentech stakeholders to promote their thought leadership in the electrification of consumer and fleet vehicles.
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Kia is teasing a new EV model for the US: Here’s what to expect
Baua Electric
NOVEMBER 14, 2024
Kia is expected to build the EV3 in Mexico to take advantage of the US EV tax credit. With prices expected to start between $30,000 and $40,000, the tax credit could lower the price tag to around $22,500 and $32,500. Kia EV3 interior (Source: Kia) The 2024 Chevy Bolt EUV started at $27,800.
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Kia to launch affordable EV4 electric sedan next year with an ambitious production goal
Baua Electric
JUNE 26, 2024
Kia will launch EV4 production in early 2025, aiming to build 70,000 models a year to meet the demand for affordable EVs. With Kia reportedly planning to build the EV3 in Mexico , federal incentives like the EV tax credit could drive prices even lower. It aims to build 70,000 EV4 models a year.
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GM in talks with CATL to license cheaper LFP EV battery tech and joint North American plant
Baua Electric
MARCH 28, 2024
With several new Chevy EVs rolling out this year, including the Blazer EV, Equinox EV, and Silverado EV, GM looks to build 200,000 to 300,000 Ultium EVs this year. The plans also reportedly include building a joint North American factory to make the batteries. Details are scarce, but the plant will likely be in the US or Mexico.
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The Complex Calculus of Clean Energy and Zero Emissions
Cars That Think
NOVEMBER 20, 2023
government was going to try a whole bunch of different government interventions—incentive programs, tax credits, grants, infrastructure investments—to bend the trajectory of our energy transition. The best we can do is to build tools that allow us to explore possible futures.” So when I went to MIT to do my Ph.D.,
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Kia’s low-cost EV3 is about to get even better with new variants on the way
Baua Electric
SEPTEMBER 11, 2024
Kia EV3 GT-Line (Source: Kia) With plans to build the EV3 at its Monterey plant in Mexico by the end of 2024, Kia could take advantage of the federal EV tax credit, enabling even lower starting prices. The EV3 is expected to be among the most affordable electric options in the US, with prices around $30,000 to $35,000.
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BYD wants to take on Hyundai in Korea with its $25,000 Seal EV
Baua Electric
JUNE 18, 2024
Exports are expected to begin to Europe later this year and the US in 2025 (Kia will also reportedly build the EV3 in Mexico for the US market to qualify for the federal tax credit). Kia aims to sell 18,000 EV3 models in its home market in the last six months of 2024.
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Fiat unveils 5 new boxy ‘Panda-inspired’ concept cars
Baua Electric
FEBRUARY 26, 2024
It starts at a reasonable $32,500 plus a $1,595 destination fee, although it’s not eligible for the $7,500 federal tax credit. The 2024 version is made in the Mirafiori factory in Turin, Italy, compared to the 2019 built in Mexico.
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2025 Cadillac Optiq EV pivots to Millennials, goes soft on Art & Science
Baua Electric
MAY 29, 2024
While that price tag won’t be anywhere as affordable as the XT4 ($39,090 base), Cadillac’s gasoline-fueled compact entry SUV, if it qualifies for the $7,500 EV tax credit it will cost about the same, effectively, as today’s XT5 SUV ($47,290 base) while providing much more cargo and passenger space. and Europe as key markets.
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BYD has no plans to enter the US Market amid “complications’ [Feature]
Teslarati
FEBRUARY 27, 2024
The Biden Administration is working toward building an auto supply chain in the United States that isn’t entirely dependent on China or other nations. It also incentivizes companies to build supply chains within those same parameters. Any EVs with components are not eligible for the IRA’s EV tax credits.
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Fisker releases details on $29,900 Pear production in the US
Teslarati
AUGUST 31, 2023
It plans to build a factory in Ohio for Fisker Pear production. Depending on the Fisker Pear’s battery, customers could be eligible for up to $7,500 in tax credits. If it does qualify for full tax incentives in the United States, the Fisker Pear would cost $22,400 before options.
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Tariff Response: Polestar 3 Production Begins in South Carolina
The Truth About Cars
AUGUST 16, 2024
Polestar joins Volvo and other automakers in localizing vehicle production to cope with tariffs and tax credit eligibility. Hyundai and Kia have begun building EVs at their U.S. factories to open eligibility for up to $7,500 in federal tax credits. Images: Polestar] Become a TTAC insider.
U.S. China EV Rift Grows
The Truth About Cars
JULY 17, 2024
China's Ministry of Commerce announced on July 15 that it will escalate its trade dispute with the United States over the Inflation Reduction Act's tax credits for electric vehicles and renewable energy projects. China contends that these credits unfairly favor domestically produced components, violating international trade rules.
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Survey: Younger US drivers are more open to Chinese EVs
Baua Electric
MAY 24, 2024
It effectively goes along with plans to tighten the EV supply chain in order to qualify for the federal EV tax credit of up to $7,500. BYD Shark plug-in hybrid pickup Mexico is broadly seen as the workaround, and China’s BYD made the global launch of its plug-in hybrid pickup in Mexico the same morning as the tariff announcement.
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Tesla talks with Canada about potential supply chain expansion plans
Teslarati
AUGUST 17, 2022
It was looking at options in Canada, Mexico, and the United States. Musk asked the crowd where they thought Tesla should build a factory, and Canada seemed to be a top choice. The law includes battery requirements the EV automakers must meet to qualify for EV tax credits. trading partner by 2024.
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Canada, US and Mexico commit to align light- and heavy-duty fuel efficiency and GHG standards out to 2025 and 2027, respectively
Green Car Congress
JUNE 30, 2016
As one of the outcomes of the “Three Amigos” meeting in Ottawa, Canada Prime Minister Justin Trudeau, US President Barack Obama, and Mexico President Enrique Peña Nieto committed to an “ambitious and enduring” North American Climate, Clean Energy, and Environment Partnership. 50% clean power target.
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Tesla supplier sheds light on graphite supply challenge for EV battery manufacturers [Editorial]
Teslarati
NOVEMBER 21, 2022
The recently passed Inflation Reduction Act included EV tax credits that could go as high as $7,500 for automakers that adhere to a few specific requirements. One of the requirements to qualify for the EV tax credit is related to batteries and the minerals used to make them. It did not mention the automaker by name.
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How Umicore is ensuring sustainability in the North American EV battery chain
Charged EVs
FEBRUARY 6, 2024
It has since built a complete battery materials supply chain in Europe, and is about to build a new cathode and precursor production facility near Kingston, Ontario, which will be its fourth global gigafactory. Robert Privette: Rechargeable batteries are among the building blocks for the green energy transition.
Volkswagen’s Pablo Di Si: Generation to get ‘again to fundamentals’
Baua Electric
MAY 23, 2023
and believes that its electrical cars will backup the corporate build up its marketplace proportion in what’s turning into one of the crucial German automaker’s maximum notable markets. however in Canada and Mexico as smartly. The Argentinian in the past labored within the U.S. And if you do, what’s the price point?”
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3 Scenarios That Would Make An EV Ineligible For the Federal EV Tax Credit
EV Adoption
NOVEMBER 29, 2021
In my previous article, Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives , I outlined and analyzed 13 proposed changes to IRC 30D (federal EV tax credit). But all of these PHEVs have batteries of around 9 kWh and so they could easily be upgraded to 10 kWh to qualify for the tax credit.
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‘Discriminatory’ EV tax credit could bring Mexico-imposed tariffs
Teslarati
DECEMBER 3, 2021
The $12,500 electric vehicle tax credit proposed in President Joe Biden’s “Build Back Better” plan is being labeled as “discriminatory” by Mexican Economy Minister Tatiana Clouthier, who said the country is analyzing legal recourse and other actions, including potential tariffs against the United States.
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Tesla hopes to replicate Giga Shanghai lines in Mexico, but U.S. isn’t thrilled
Teslarati
FEBRUARY 14, 2024
Tesla is hoping to replicate production lines in Shanghai at its upcoming Giga Mexico factory by inviting Chinese companies to supply the manufacturing efforts with localized plants. million square feet of industrial park space in Mexico by 2023, up from just 1.28 Tax lawyers in the U.S. However, U.S. million in 2019.
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BMW Neue Klasse electric SUV enters pre-production status
Baua Electric
NOVEMBER 21, 2024
Production in San Luis Potosí, Mexico , will then follow in 2027. Plans for Mexican assembly, which include a new battery-assembly facility , could help Neue Klasse models qualify for a federal EV tax credit in the U.S.
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CATL open to US expansion if Trump approves
Teslarati
NOVEMBER 13, 2024
Limited (CATL) is open to building a factory in the United States if President-elect Donald Trump approves of Chinese investments. CATL teases Tesla batteries for robotaxi fleet Ford had announced plans to build a $3.5 The GM-CATL joint battery factory was reportedly planned for North America, in the United States or Mexico.
Ioniq 6 review; Supercharger cuts; Toyota and Ram fuel-cell trucks: The Week in Reverse
Baua Electric
MAY 12, 2024
BMW Vision Neue Klasse X concept BMW has started building a battery plant in Mexico that will provide more energy-dense cylindrical cells for longer range and faster charging in next-generation Neue Klasse EVs. If Inflation Reduction Act rules remain, the products might eventually qualify for the EV tax credit.
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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives
EV Adoption
NOVEMBER 26, 2021
On Friday November 20 the House of Representatives passed the Build Back Better Act (BBBA) which means the bill is now off to the Senate where we can expect the possibility of many changes to the current proposed legislation. According to CNBC , Senate Majority Leader Chuck Schumer wants to pass the Build Back Better Act by Christmas.
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The redesigned federal EV tax credit and other EV-related measures
Charged EVs
SEPTEMBER 22, 2022
The provision that’s gotten the most press is a redesign of the federal EV tax credit—that’s only natural, because it’s the policy that’s most likely to directly affect the average consumer, and because politicians love to talk about tax breaks. Credit where credit is due.
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What a month for EVs!
Plug in America
APRIL 30, 2021
He repeated his commitment from the campaign to building 500,000 charging stations so we can “own the electric car market.” This past week, 12 governors (California, Connecticut, Hawaii, Maine, Massachusetts, New Jersey, New York, New Mexico, North Carolina, Oregon, Rhode Island, and Washington) followed our lead.
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