article thumbnail

Tesla Giga Mexico gets $153M incentive from Nuevo León

Teslarati

Tesla Gigafactory Mexico will receive $153 million worth of incentives from Nuevo León as state officials seek to temper concerns about delays in the new factory. Nuevo León’s state economic development council approved Tesla Giga Mexico’s incentives, which include the buildout of basic infrastructure like roads and water treatment.

Mexico 143
article thumbnail

BMW's next-gen Neue Klasse EVs will be made in Mexico

Green Car Reports

BMW's next-generation EVs will be built in San Luis Potosí, Mexico, as well as two European production sites, the automaker confirmed in a press release Friday. tax credits and supply-chain incentives. That may allow these new EVs, and their related battery production facility, to qualify for U.S.

Mexico 137
article thumbnail

Sona Comstar adopts 3-pronged strategy to beat China globally in EV parts supply – ET Auto

Baua Electric

Although I hear that, as we speak, Brussels is thinking of putting a 50% tax on Chinese EV imports into Europe.” Sona Comstar has manufacturing facilities in China, Mexico and USA apart from India. Europe is the interesting one where I think Chinese EVs are making quite an impact right now.

China 52
article thumbnail

China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO

The Truth About Cars

Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. The Chinese Ministry of Commerce claimed the Inflation Reduction Act is “discriminatory” and said it has “seriously distorted” supply chains. At the same time, the U.S. will mount a vigorous defense. others might.

China 98
article thumbnail

Who’s Leading the Shift Away from Internal Combustion Engine Automobiles?

Clean Fleet Report

Austin, TX BYD leads in sales in China–and its cars are starting to show up elsewhere in the world, such as the Shark pickup that’ being built and sold in Mexico Electric vehicles (EVs) are powered by an electric motor that draws electricity from a battery that can be charged from an external source. — Mike B.,

article thumbnail

Tesla investors post questions for TSLA Q3 2023 earnings call

Teslarati

As of writing, Say’s webpage for the Tesla Q3 2023 earnings call features a variety of notable questions, spanning topics from Tesla’s factories like Gigafactory Mexico to future projects like Optimus and the dedicated Robotaxi. Is your analysis of your supply base risk complete?

Tesla 133
article thumbnail

2023 was a tremendous year for both EVs and Plug In America!

Plug in America

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). Check out the full position here.

Plug-in 52