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According to local media outlets , the agreement states Tesla will purchase lithium carbonate products from Yahua from 2025 to 2027. The United States has labeled China, Russia, NorthKorea, Iran, and other countries as nations of concern. Tesla specifically signed a deal with Yahua Lithium Co., a subsidiary of Yahua Group.
Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?
While many Tesla vehicles qualify for the IRA’s tax credits for electric vehicles (EVs), two Model 3 variants and the Cybertruck were left out of the current list. Tesla did not provide a reason for the Model 3 RWD and LR’s exclusion from the IRA tax credits list. China, Russia, and NorthKorea are on the list of FEOC nations.
The White House issued new guidance on federal electric vehicle (EV) tax credits this week, including a key exemption that’s considered a win for many automakers, as it offers extra time for companies attempting to set up battery production operations in the U.S. These countries include NorthKorea, China, Russia and Iran.
The list of electric vehicles qualified for the EV tax credit in calendar year 2024 has been released. Also of note: No Rivian electric truck qualifies for the full $7,500 tax credit amount in 2024, at this time. In 2025, the tax credit rules will be extended to mining, processing, and recycling of critical minerals.
Opting for an electric vehicle and leveraging the EV tax credit to help with your next electric vehicle purchase is a smart move. This tax credit is applicable to qualifying clean vehicles placed into service within the current year, and it’s claimed in the year you take delivery. free-trade agreement partner country.
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