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NOVONIX to receive $103 million in tax credits to support production of critical battery materials in Tennessee. – Charged EVs

Baua Electric

Battery materials and technology company NOVONIX has been selected to receive a $103-million tax credit under section 48C of the Qualifying Advanced Energy Project Allocation Program, to support production of critical battery materials at its Riverside facility in Chattanooga, Tennessee.

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Volkswagen plans North American battery plant, paving way for more EV tax credits

Electrek

By joining Volkswagen’s current EV production footprint in Tennessee, the Group may soon meet the battery manufacturing requirements outlined in the Inflation Reduction Act for vehicles like the ID.4 4 to continue to qualify for US federal tax credits, while opening the door for more EVs under its umbrella to qualify.

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GM expects Chevrolet Silverado EV to get full $7,500 tax credit

Teslarati

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. If it does, the Silverado EV will qualify for the IRA’s full $7,500 EV tax credit. GM issued a list of electric vehicles in its lineup that would qualify for the full EV credit.

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Nissan Leaf regains tax credit access, now starts at $24,400

Baua Electric

Nissan and the IRS announced today that the Leaf has regained eligibility for the federal tax credit for electric vehicles. With now $3,750 in tax credit, the Leaf can start at just $24,400 – making it one of the cheapest EVs in the US. It means that The Leaf doesn’t meet the critical minerals requirement.

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This Volkswagen EV Now Comes with Full Tax Credit Benefits

The Truth About Cars

Photo credit: Volkswagen Volkswagen has recently announced that their MY23 and the upcoming MY24 models of the ID.4, 4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. that qualifies for the full Federal Tax credit. This development makes these models of the ID.4,

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Urbix and SK On in joint development agreement for high-performance anode materials

Green Car Congress

US-based graphite processor Urbix ( earlier post ) announced a Joint Development Agreement with global EV battery developer and manufacturer SK On (SKO). In the US, SKO has two battery manufacturing plants in Commerce, Georgia, with the second plant scheduled to be operational in 2023.

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SK Innovation Global Forum set for July 13 in the United States

Teslarati

4 with SK ON battery components eligible for full $7,500 tax credit in 2024 SK Innovation’s biggest investments in recent years have been in the United States with legacy automakers including Ford. BlueOval SK is currently hiring for factories in Kentucky and Tennessee. Volkswagen ID.4