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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. Fleet customers including for BrightDrop and the Chevrolet Silverado EV will benefit from the $7,500 commercial incentive,” stated General Motors. The Ultium line will likely adhere to the U.S.

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Lucid Motors to further localize supply chain under materials agreement with Graphite One

Baua Electric

Lucid Motors and Graphite One have signed a new non-binding supply agreement that involves synthetic anode active materials. As you probably already know, Lucid Motors ($LCID) is a California-based BEV automaker currently selling one flagship model – the Air sedan. FTC: We use income earning auto affiliate links.

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LG Energy Solution reports steady increase in profit for FY 2023 

Teslarati

This positive trend was partially fueled by tax credits from the U.S. billion KRW from the IRA tax credit, which grew 16% from the previous quarter due to a solid performance from LGES factories in the United States. Excluding the tax credit: Operating profit would be KRW 88.1 from the same period last year.

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Jeep adds new Willys 4xe to PHEV lineup

Green Car Congress

With a starting USmanufacturer’s suggested retail price (MSRP) of $53,995 (excluding $7,500 tax credit and $1,595 destination), the Willys 4xe brings a new entry price point to the Wrangler 4xe lineup, joining Rubicon 4xe, High Altitude 4xe, and Sahara 4xe. A second high-voltage motor generator is much more powerful.

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Toyota Prius Recall, Georgia Electric-Car Incentive, Tesla Ohio Troubles: Today's Car News

Green Car Reports

Today on Green Car Reports: Georgia may kill its $5,000 electric-car tax credit, Ohio car dealers renew their legislative fight against Tesla Motors, and 2010 through 2014 Toyota Prius hybrids are being recalled. All this and more on Green Car Reports.

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Foxconn brings EV battery production to two U.S. states

Teslarati

Foxconn, the iPhone manufacturer that bailed out Lordstown Motors from bankruptcy, announced that it would build electric vehicle batteries in Wisconsin and Ohio on Thursday, hoping to take advantage of the Inflation Reduction Act that incentivizes domestic cell manufacturing. The sale was finalized in May 2022.

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Honda may build an EV factory in Canada featuring in-house battery cells

Teslarati

In June, Honda and LG Energy Solution (LGES) broke ground on a new EV plant in Jeffersonville, Ohio. It’s also expected to help the automaker gain access to EV tax credits in the U.S. The facility is expected to employ a total of 2,527 workers, and Honda expects the facility to be completed by the end of 2024.

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