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.
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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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Biden administration considers penalties for Chinese EV companies in Mexico
Teslarati
MAY 15, 2024
The Biden Administration is considering penalties for Chinese electric vehicle (EV) automakers who are moving production to Mexico. White House to hike tariffs on Chinese EVs to fend off cheap imports The White House is thinking of adding penalties to the tariff if Chinese EV makers move production to Mexico to circumvent new import taxes.
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Tesla gets $330M tax break for Giga Nevada expansion plan
Teslarati
MARCH 2, 2023
The Nevada Governor’s Office of Economic Development (GOED) Board approved a $330,250,366 million tax break for Tesla. Listed below are the taxes Tesla could generate, assuming it invests all $3.6 billion in land, buildings, and equipment for Giga Nevada. million in gross average annual property tax revenues $11.2
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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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Chevron to acquire Anadarko in $33B deal; shale and tight, deepwater, LNG
Green Car Congress
APRIL 15, 2019
This transaction builds strength on strength for Chevron. The combination of Anadarko’s premier, high-quality assets with our advantaged portfolio strengthens our leading position in the Permian, builds on our deepwater Gulf of Mexico capabilities and will grow our LNG business.
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Shell selects site for proposed $12.5B GTL project in Louisiana
Green Car Congress
SEPTEMBER 25, 2013
As a leading producer in the Gulf of Mexico with approximately 150 million barrels of oil each year, Shell also operates extensive onshore facilities in Louisiana, including its Norco and Geismar plants, a major training center in Robert, and corporate offices in New Orleans. billion and create 740 direct jobs, should the project be built.
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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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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. Local property tax incentives for new investments at the site.
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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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Tesla’s 200 MWh Megapack installation in Angleton, TX is ready for the next big freeze
Teslarati
JANUARY 7, 2022
In March 2021—after the Big Freeze— Bloomberg reported that Tesla registered a subsidiary named Gambit Energy Storage LLC that planned to quietly build more than a 100 MW energy storage project in Angleton, Texas. miles away from Texas New Mexico Power. The proposal described a “Gambit” Energy Storage Park Project.
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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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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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Bring on the EV Trucks
Revenge of the Electric Car
MARCH 9, 2009
The more the merrier, the market for these is going to explode soon with Obama’s stimulation plan, and its tax of $7,500 to $15,000 for electric trucks. Many of the companies that have fleets of trucks have buildings that are perfect for solar. Sounds good to me. Trucks especially. Lead-acid batteries would provide less range.
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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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Tesla proposes next Gigafactory location to local officials
Teslarati
MAY 17, 2023
Tesla has proposed building its next Gigafactory to local officials as it looks to dramatically ramp up production in the coming years. Most recently, Tesla has announced its newest vehicle production facility will be built in Mexico , but its next location is still up for grabs. What do you think of the article?
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Study recommends $10B/year US federal investment in energy RD&D and a substantial price on carbon emissions; leveraging the national labs and encouraging the private sector for a clean energy future
Green Car Congress
NOVEMBER 22, 2011
The largest percentage increases we recommend compared to 2009 funding levels are for energy storage, buildings, bioenergy, and solar photovoltaics. The remainder of the funding should go to other areas, including Basic Energy Sciences, the report by the team from the Belfer Center for Science and International Affairs suggests.
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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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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. a standard for high performance green buildings that in 2018 will become the basis for the International Green Construction Code.
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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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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.” There’s just so much that is contingent and unknowable.
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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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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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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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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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Auto Lobby Wants Input on Government EV Policy Before Changes Are Made
The Truth About Cars
JUNE 3, 2024
But they’re also trying to circumvent emissions regulations and noticed that building increasingly large SUVs and pickups (at the expense of everything else) allowed them to simultaneously do both. Automakers want to maximize their per-vehicle profits to help offset declining annual vehicle sales.
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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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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives
Green Car Congress
JUNE 20, 2012
Considering that the United States produces over 8 million barrels of oil per day domestically and imports an additional 3 million bpd from secure supplies in Canada and Mexico, we can find no credible scenario in which the military would be unable to access the 340,000 bpd of fuel it needs to defend the nation. Additionally, U.S.
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PwC’s Autofacts forecasts global light vehicle assembly to reach 81.8M units in 2013, up 3.3% from 2012
Green Car Congress
OCTOBER 30, 2013
All three countries in North America continue to grow at impressive rates, with the US leading on a volume basis and Mexico on a percentage basis. Encouraging growth in Brazil during the first half of the year has dissipated, even as the Industrial Products Tax (IPI) holiday winds down in October. million units. million units in 2019.
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Ford continues executive shuffling in wake of replacement of CEO; Marakby back from Uber to lead electrification
Green Car Congress
MAY 25, 2017
He has served in a variety of positions around the world, including controller, The Americas; executive director, Ford Canada, Mexico and South America; chief financial officer and vice president of Strategic Planning for Ford of Europe, and chief financial officer of Ford Asia-Pacific Operations. His retirement is effective 1 Aug.
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Fisker releases details on $29,900 Pear production in the US
Teslarati
AUGUST 31, 2023
The Fisker Pear will be produced in the United States and would likely benefit from the country’s EV tax incentives from the Inflation Reduction Act. It plans to build a factory in Ohio for Fisker Pear production. The Fisker Pear could qualify for some of the tax incentives listed in the Inflation Reduction Act.
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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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Tesla’s next Gigafactory location unknown, but all signs point toward India
Teslarati
JUNE 21, 2023
This all happened before Tesla would commit to building a factory near Berlin in 2019, and then another factory in Mexico in 2023. The taxes would double the price of any car priced over $40,000 and 60 percent to any car under that threshold. Two years later, it appears Tesla and India have come to some kind of agreement.
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Using the PHEV (Plug-In Hybrid Electric Vehicle) to Transition Society Seamlessly and Profitably From Fossil Fuel to 100% Renewable Energy
Green Car Congress
JULY 17, 2015
We imagine you objecting: “Oh no, we’ll have to build lots more power plants!” For example, we build our hydraulic systems with pipes of ½-inch to ¾-inch diameter designed to deliver water faster than we normally need so that we can, for example, fill a swimming pool quickly. In this way, the BEVs promise several substantial problems.
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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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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.
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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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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