Baua Electric

MARCH 28, 2024

Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year. Kia currently builds the EV9 in Korea but expects to move production to the US by the end of May. The EV9 is expected to qualify for the full $7,500 tax credit by early 2025.

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Clean Fleet Report

MARCH 2, 2023

The 3,800 team members, as Hyundai calls them, are building the all-new 2023 Genesis Electrified GV70 that joins electric models of the GV60 EV and the Electrified G80 , both of which are assembled in South Korea. A new American citizen The 2023 Electrified GV70 will play an important role over the next few years for Genesis.

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Baua Electric

JANUARY 15, 2024

In January 2023, the government unveiled a plan to offer large tax breaks to semiconductor companies investing at home, which are set to end this year. South Korean President Yoon Suk Yeol said on Monday that he would extend tax credits on investments in the domestic semiconductor industry to boost employment and attract more talent.

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The Truth About Cars

APRIL 16, 2024

The new model will join several hybrids also in development, along with at least on South Korea-only model expected to debut at the same time as the EV3. It will build the EV9 in Georgia, making it at least partially eligible for the credits, but there’s no word on when or if the EV6 will make the leap to domestic production.

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Baua Electric

AUGUST 8, 2024

After opening orders in South Korea on June 4, 2024, Jeong Won-Jeong, vice president at Kia Corp, revealed the EV3 secured over 10,000 reservations in just 23 days. 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.

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Revenge of the Electric Car

OCTOBER 23, 2008

Since Compact Power is based in Detroit, and GM is their first big customer, maybe that’s enough of a reason to build at least a token factory in the U.S. The coveted Chevy Volt battery contract appears to be going to a unit of South Korea’s biggest battery maker. and complete the circle. URL: [link].

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Baua Electric

JANUARY 9, 2025

billion into advancing new tech and EVs in South Korea, Hyundai is laying the groundwork for the future. Hyundai Motor Group, including Kia, announced on Thursday that it will make the largest annual investment in its history in Korea this year. With plans to pour a record over $16.6

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Baua Electric

OCTOBER 30, 2024

The GV90 will reportedly be built in South Korea, while EV9 production for the U.S. Hyundai has its own Georgia EV “Metaplant” that’s slated to build 2025 Ioniq 5 models, but Hyundai will also have to make room for the Ioniq 9 to make that model tax-credit eligible.

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Baua Electric

JULY 15, 2024

The GV90 will reportedly be built in South Korea, while EV9 production for the U.S. Hyundai has its own Georgia EV “Metaplant” that will initially build the Ioniq 5, but Hyundai will also have to make room for the three-row model in order to make it tax-credit eligible.

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Baua Electric

DECEMBER 9, 2024

of BEVs sold in the US were made in North America, with the rest coming from countries like South Korea (7.3%) and Germany (5.3%), based on Wards Intelligence estimates. The Inflation Reduction Acts clean vehicle tax credits are also influencing the EV landscape. Its not as simple as just building a car in North America.

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Baua Electric

DECEMBER 6, 2024

of BEVs sold in the US were made in North America, with the rest coming from countries like South Korea (7.3%) and Germany (5.3%), based on Wards Intelligence estimates. The Inflation Reduction Acts clean vehicle tax credits are also influencing the EV landscape. Its not as simple as just building a car in North America.

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Baua Electric

NOVEMBER 2, 2024

The Polestar 3 has a base price of $74,800 that’s under the $80,000 federal tax-credit cap for electric SUVs. assembly, it’s unlikely to qualify for a federal tax credit for the foreseeable future. Building cars in the U.S. But even with that, and U.S.

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Baua Electric

NOVEMBER 21, 2024

Unveiled earlier this year in Kia’s home market of South Korea, the exterior gets a mild refresh with new headlights and more subtle changes in other areas, including a new graphic for the curved bar of the taillights. The electric sedan now has NACS ports for easy access to Tesla Superchargers The base EV6 has a 68.0-kwh

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Baua Electric

JANUARY 3, 2025

2026 Hyundai IONIQ 9 (Source: Hyundai) South Koreas auto giants, Hyundai and Kia, are making their presence known in the US after another record sales year in the US in 2024. Hyundai IONIQ 9 three-row electric SUV (Source: Hyundai) Hyundai began building EVs at the facility in October, starting with the upgraded 2025 IONIQ 5.

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Baua Electric

JUNE 18, 2024

After applying for an emissions and noise certification with the South Korean environment ministry earlier this month, it looks like the Seal has a new target. 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).

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Baua Electric

MARCH 4, 2024

Hyundai plans to change the name of the electric SUV from IONIQ 7 to IONIQ 9 as it looks to build off Kia’s success with the EV9. Hyundai is expected to debut the IONIQ 9 at the Busan International Motor Show (BIMOS) in South South Korea on June 27, 2024. billion Metaplant to qualify for the $7,500 federal tax credit.

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Cars That Think

MARCH 12, 2023

allowing automakers to theoretically build many more cars from a finite supply. billion to build a network of 500,000 EV chargers by 2030. billion plant in Michigan to build LFP batteries, licensing tech from China’s CATL, currently the world’s largest lithium-ion producer. They would require fewer raw and refined materials.,

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Batteries Battery Supplies GM 98

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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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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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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Teslarati

AUGUST 6, 2022

Manchin’s EV tax credit proposal. Credit: Talon Metals. Todd shared his thoughts on Manchin’s EV tax credit proposal. On one hand, it’s breathtakingly generous in that it lifts all numerical limits on EVs that are eligible for the $7500 tax credit. Credit: Talon Metals.

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Baua Electric

MAY 2, 2024

Treasury Department could issue clarifications on federal EV tax-credit eligibility rules as early as Friday, reports Transport Topics. does not have friendly trade relations with would not qualify for a $7,500 federal tax credit. But these could still limit the number of vehicles that qualify for the federal tax credit.

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Teslarati

FEBRUARY 15, 2023

As part of this $50 billion electrification plan, Ford is building ten new production facilities in the United States, one of them, a battery production facility in Western Michigan, was announced Monday. South Korea is the default secondary option for automakers looking for battery supplies outside China.

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Teslarati

NOVEMBER 9, 2022

Most notably, leaders from France, Germany, the EU , South Korea, and Japan have called for the U.S. When contacted by Teslarati, the Embassies of France and South Korea refused to comment on the new bill. to reconsider the policy or enter negotiations with the respective groups. consumers at affordable costs.”

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Baua Electric

AUGUST 24, 2024

According to Merchant, the number of lower-priced EVs arriving on the market had a role, as well as the arrival of leasing incentives—in the form of federal tax credits resulting in subsidized EV leases that applied starting in January 2023. imports of EVs from the EU and South Korea have increased since the IRA. “If

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EV Adoption

MARCH 31, 2021

The EV6 will be produced in South Korea and go on-sale in select global markets starting from the second half of 2021, with online reservations beginning from March 30 in some markets. Electrify America is partnering with Jeep to build the charging network. – March 30, via CleanTechnica. – March 25, via Edmunds.

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The Truth About Cars

MAY 18, 2023

Yes, EVs tend to be a bit more costly than similarly sized internal-combustion engine cars because the tech is relatively new and costs a bit more to build. But still, $56K seems a tad steep for a commuter crossover. The only options were the Shooting Star matte paint and carpeted floor mats -- the base price was $54,500.

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Cars That Think

DECEMBER 18, 2022

trillion towards building EV and battery factories worldwide. China, the European Union, Japan as well as the UK and South Korea all have announced the same intention. South Korean auto companies Hyundai Motors and Kia are already blaming drops in their U.S. electric vehicle sales to the new law.

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The Truth About Cars

MAY 8, 2024

Hyundai Motor reportedly plans on using preexisting investments slated for its new EV facility in Georgia to pivot toward hybrid vehicles, as all-electric models haven’t seen the kind of adoption rates that would warrant an entire factory — let alone the plant that will become its largest outside of South Korea.

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