Teslarati

JANUARY 10, 2024

Tesla models eligible for IRA tax credits in 2024 The loophole lies in the IRA’s tax credit qualifications for commercial vehicles. EVs that qualify for the full $7,500 tax credit must be follow the IRA’s assembly and battery requirements. In fact, Car and Driver wrote about it a year ago.

Tax Credit 108

Tax Credit Highlander Tax Puerto Rico 108

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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Mexico Canada Standards Light 199

EV Adoption

AUGUST 18, 2021

A key component of the CEAA is nine proposed changes to the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) — more commonly known as the “federal EV tax credit.”. I’ve written extensively on the tax credit and especially its many flaws, ineffectiveness, and areas in the regulations that desperately need fixing.

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Tax Credit Tax Parts GM 105

Teslarati

DECEMBER 14, 2023

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.

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Mexico Tesla Tax Credit Nevada 121

InsideEVs

DECEMBER 6, 2021

Mexico's Economy Minister calls the potential tax credit discriminatory and is looking at various legal options.

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Tax Credit Mexico Tax Legal 69

EV Adoption

AUGUST 4, 2022

Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV tax credit requirements. This means EVs like the Mustang Mach-E which is assembled in Mexico, and the Chrysler Pacifica Hybrid (PHEV) which is assembled in Canada, would qualify.

Tax Credit 98

Tax Credit Tax North America America 98

Green Car Congress

MAY 4, 2011

HR 1685 extends through 2014 the tax credit for the residential and commercial purchase and installation of electric vehicle charging infrastructure. The credit is currently set to expire at the end of this year. In addition to its headquarters in Rosslyn, Virginia, NEMA also has offices in Beijing and Mexico City.

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Tax Credit Tax Virginia Purchase 186

Green Car Congress

FEBRUARY 3, 2023

EIA said that two factors behind growing US renewable diesel capacity are rising targets for state and federal renewable fuel programs and biomass-based diesel tax credits. The “Inflation Reduction Act” extended the biomass-based diesel tax credits through 2024.

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Renewable Diesel Montana Tax Credit 195

Green Car Congress

MAY 5, 2011

This includes a tax credit made possible by the Advanced Energy Product Manufacturers Tax Credit Act, which the state legislature voted to amend in recognition of new, breakthrough processes like Joule’s that merit qualification. Joule Unlimited, Inc.,

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Diesel Solar Renewable Production 218

Green Car Congress

FEBRUARY 15, 2013

This represents the second highest increase in geothermal power capacity over a calendar year since the production tax credit (PTC) was extended to geothermal in 2005, and a 5% percent increase over 2011 year-end data. In 2012, seven new geothermal projects and additions came online in three different states.

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2012 California Energy Hawaii 303

InsideEVs

JANUARY 5, 2023

Mexico may have plenty of appeal for future EV production due to low costs and full access to the US federal EV tax credit.

Mexico 82

Mexico Tax Credit Low Cost GM 82

Green Car Congress

JANUARY 11, 2010

Ford will design advanced lithium-ion battery systems in-house for the next-generation hybrid in Michigan and move production of the battery packs from Mexico to Michigan. The Michigan Economic Growth Authority board approved a package of incentives and tax credits totaling $188 million. beginning in 2012.

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Michigan Plug-in Ford Plug 252

Teslarati

MARCH 8, 2023

Rivian emailed customers about the Internal Revenue Service’s (IRS) recently released guidance regarding the EV tax credits under the Inflation Reduction Act (IRA) of 2022. Foley & Lardner LLP explained the latest IRS guidance regarding EV tax credits. These qualifications applied as of January 1, 2023.

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Tax Credit Tax North America Mexico 60

Teslarati

SEPTEMBER 13, 2021

Tesla CEO Elon Musk has shared a brutally honest take on the US Democrats’ revised EV tax credit proposal, which happens to be heavily pro-union. This is written by Ford/UAW lobbyists, as they make their electric car in Mexico. Under the revised proposal, the $7,500 tax credit would still be uncapped for automakers.

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Tax Credit Tax United States Toyota 145

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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Tax Credit Tax Mexico GM 89

Teslarati

OCTOBER 9, 2022

In September 2021, Tesla opened its first center on Native American tribal land in New Mexico. By building on tribal land, Tesla effectively sidestepped a New Mexico law prohibiting the company from directly selling EVs and operating a service center in the state. Senator Martin Heinrich (D-N.M.)

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New Mexico Mexico Tesla Tax Credit 84

CleanTechnica EVs

APRIL 25, 2024

Will it manage to avoid import tariffs and qualify for federal tax credits? The Volvo EX30 goes on sale in the US this summer. The post How The Chinese-Made Volvo EX30 Will Deal With US Tariffs & Incentives appeared first on CleanTechnica.

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Volvo Chinese Tax Credit Tax 109

The Truth About Cars

DECEMBER 11, 2024

Hondas also offering up to $5,000 in dealer cash, which can be combined with the zero-percent offer, and buyers can still get the $7,500 tax credit. The Prologue is built in Mexico at a GM factory, qualifying it for the federal benefit. Over time, that could add up to thousands in savings.

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Honda Tax Credit Financing Dealers 113

The Truth About Cars

SEPTEMBER 11, 2024

Jeep plans to manufacture the Wagoneer S in Mexico, opening it to federal tax credit eligibility, helping put a dent in its almost $72,000 starting price. The SUV is expected to offer a strong list of specs, including more than 300 miles of range and a 0-60 mph time in the mid-three-second range.

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Jeep Tax Credit Mexico United States 104

Green Car Congress

MARCH 21, 2018

million, taking into consideration estimated working capital, Delek US’ portion of the biodiesel tax credit for 2017, and deal costs. The convenience store retail business is the largest 7-Eleven licensee in the United States and operates approximately 300 convenience stores in central and west Texas and New Mexico.

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Renewable Diesel Energy Long Beach 150

The Truth About Cars

AUGUST 23, 2023

The automaker’s factory in Monterrey, Mexico, builds the Rio, and the company is expected to retool the facility for EV production. Kia currently builds the EV6 in South Korea and needs a North American manufacturing location for its vehicles to qualify for federal tax credits.

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Kia South Korea Tax Credit Affordable 98

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. Additionally, Chinese EVs are expanding their reach into Mexico, and some expect other brands to reach the U.S. While BYD, China’s largest EV maker, has said it would not come to the U.S., others might.

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China Tax Credit North America Chinese 98

Teslarati

OCTOBER 12, 2023

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. When do you expect Model 3 Highland to be available in the US?

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Tesla Highlander Legal Mexico 117

Green Car Congress

MAY 6, 2009

To produce the vehicles, Ford is converting three truck and SUV plants to car plants—Michigan Assembly, Cuautitlan Assembly in Mexico, which begins building the new Fiesta subcompact early next year; and Louisville (Ky.) Assembly, which will be converted to produce small vehicles from Ford’s global Focus platform beginning in 2011.

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Ford SUV Michigan Tax 186

Teslarati

AUGUST 31, 2023

Depending on the Fisker Pear’s battery, customers could be eligible for up to $7,500 in tax credits. If it does qualify for full tax incentives in the United States, the Fisker Pear would cost $22,400 before options. By that time, Tesla Giga Mexico also aims to begin production on its $25,000 vehicle.

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Fisker Production Tax Credit Tax 92

Green Car Congress

DECEMBER 16, 2013

Electric power generation from renewables is bolstered by legislation enacted at the beginning of 2013 extending tax credits for generation from wind and other renewable technologies. Pipeline exports of natural gas to Mexico grow by 6% per year, from 0.6 US exports of LNG increase to 3.5 Tcf in 2012 to 3.1 Tcf in 2040.

Oil 290

Oil Light Energy Vehicles 290

Baua Electric

OCTOBER 28, 2024

The Mach-E fell off the short list of EVs that qualify for the $7,500 tax credit this year when tougher rules for the origin of battery components and critical minerals were phased in. The Mach-E is currently manufactured in Mexico , so it meets the latter requirement.

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Michigan Ford Tax Credit Battery 52

Teslarati

JANUARY 17, 2024

Canada and Mexico , after the automaker debuted the vehicle in a number of other markets last year. Like the previous version, the new Model 3 qualifies for a $7,500 federal tax credit, but only when leased from Tesla , as doing so technically categorizes the sedan as a commercial vehicle.

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North America Tesla Tax Credit America 104

Teslarati

NOVEMBER 21, 2022

The recently passed Inflation Reduction Act included EV tax credits that could go as high as $7,500 for automakers that adhere to a few specific requirements. One of the requirements to qualify for the EV tax credit is related to batteries and the minerals used to make them. It did not mention the automaker by name.

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Supplies Manufacturer Light Mozambique 98

Revenge of the Electric Car

MARCH 9, 2009

According to its website, it is a California-based manufacturer of battery-electric and hybrid-electric trucks that was founded in 1989, spent years or development and has been building and selling its vehicles in Mexico for several years now. market wasn’t quite ready for electric trucks, a spokesman said.

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Chicago Lead Acid San Diego Mexico 124

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. factories to open eligibility for up to $7,500 in federal tax credits. He didn’t detail production volumes but said that the factory would reach full capacity within two months.

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South Carolina Tax Credit Production Volvo 57

Teslarati

MARCH 31, 2023

The IRA rules can qualify certain electric vehicles for either some or all of the $7,500 tax credit for purchasing a clean energy vehicle. Tesla is also working to begin construction on its next facility in Nuevo Leon, Mexico, which would make the potential cell plant location ideal for both facilities.

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Battery Batteries Tesla Austin 80

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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Affordable Tax Credit Kia Mexico 52

Teslarati

JUNE 24, 2022

” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits. “The purchase of the BEV Lease is to aid in our goal of delivering carbon neutrality by 2050 by controlling the vehicle battery through its life, keeping it in the Ford network.”

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Ford Electric Vehicles Buy F-150 95

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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Kia Market Sale Tax Credit 52

Baua Electric

JANUARY 17, 2024

percent tariff for all Chinese-made cars, and the Inflation Reduction Act creates an additional barrier with its stipulation that only EVs made in North America qualify for tax credits. Some fear that Chinese firms could do an end run around such barriers by producing EVs in places like Mexico and Brazil.)

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Chinese North America Charging Tax Credit 98

Green Car Congress

APRIL 6, 2015

billion) were all in the top 10 of investing countries while more than $1 billion was invested in Indonesia, Chile, Mexico, Kenya and Turkey. In the US there is uncertainty over the future of the US Production Tax Credit for wind, but costs are now so low that the sector is more insulated than in the past. billion), India ($7.4

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2014 Renewable 2013 Wind 150