Teslarati

FEBRUARY 15, 2024

LG Energy Solution is building a battery plant in Arizona to help its customers see IRA requirements. The IRA has struck requirements on sourcing minerals for EV batteries, significantly affecting the number of electric vehicles that qualify for tax credits.

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Supplies Arizona Market Energy 124

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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Hyundai SUV Los Angeles South Korea 52

Green Car Congress

DECEMBER 6, 2020

The US has some of the most advanced supportive policies for CCS of any country in the world, including the enhanced 45Q tax credit and the California Low-Carbon Fuel Standard. Even as the year comes to a close, commitments to reach net zero climate targets and scale up climate mitigating technologies continues to build momentum.

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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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Affordable Kia Tax Credit Mexico 52

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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Kia Affordable South Korea Tax Credit 57

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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Hyundai SUV Los Angeles South Korea 52

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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BYD Hyundai Kia South Korea 40

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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Alabama South Korea Hyundai All-Electric 89

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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Hyundai SUV Kia Land Rover 52

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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Hyundai Volt South Korea Tax Credit 52

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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Tax Credit Tax South Korea Volvo 52

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 97

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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Volt GM Batteries Battery 100

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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Tax Credit Fuel Financing South Korea 52

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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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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Chinese Ford Batteries Battery 135

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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Tax Credit Tax Hummer PHEV 52

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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Global China South Korea Chinese 138

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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Tax Credit Mexico Tax Cyprus 117

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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North America Hyundai Building South Korea 103

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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Kia Jeep Lexus Re-Charge 52

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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Tax Credit Tax F-150 PHEV 116

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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Tesla Tax Credit Minnesota Supplies 115