North Korea and Tax Credit

Tesla models eligible for IRA tax credits in 2024

Teslarati

JANUARY 2, 2024

As everyone greets the new year, Tesla updated its website according to the Inflation Reduction Act’s (IRA) requirements for the electric vehicle (EV) tax credits. Most of Tesla’s other models—including the Model X—are eligible for the full tax incentives. The Teslarati team would appreciate hearing from you.

Tax Credit

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Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Baua Electric

MAY 3, 2024

Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite. 1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles.

Tax Credit

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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

JANUARY 4, 2024

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?

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Tesla signs lithium supply agreement with China-based company

Teslarati

JUNE 20, 2024

The United States has labeled China, Russia, North Korea, Iran, and other countries as nations of concern. So, Tesla would not qualify for the IRA’s EV tax credits if it used minerals from China in its batteries. For electric vehicles (EVs) sold in the U.S.

Supplies

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Polestar delivers brand’s first EVs not made in China

Baua Electric

NOVEMBER 2, 2024

The Polestar 3 has a base price of $74,800 that’s under the $80,000 federal tax-credit cap for electric SUVs. assembly, it’s unlikely to qualify for a federal tax credit for the foreseeable future. But even with that, and U.S.

South Carolina

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2025 Polestar 3 starts at $74,800 and 315 miles, US deliveries in Q2

Baua Electric

MARCH 13, 2024

Polestar has said that U.S. production of the 3 would be not just for the U.S. market but for export to some markets. is also considering hiking tariffs on Chinese EVs.

Miles

Miles South Carolina Iran North Korea

U.S. DOE Releases Final Interpretive Guidance on the Definition of Foreign Entity of Concern

CleanTechnica EVs

MAY 3, 2024

Final Guidance Provides Clarity on Terms that Restrict FEOCs from Clean Vehicle Tax Credits and Support Growth of Domestic Battery Materials Processing and Manufacturing WASHINGTON, D.C. Today, the U.S.

Tax Credit

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What happened to the Tesla Cybertruck & Model 3’s IRA tax credit eligibility?

Teslarati

JANUARY 2, 2024

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. The Cybertruck launched late last year in the US market.

Tax Credit

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Automakers handed a win with updated EV tax credit guidance in the U.S.

Teslarati

DECEMBER 3, 2023

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 North Korea, China, Russia and Iran.

Tax Credit

Tax Credit Tax Iran North Korea

Which 2024 EVs qualify for the $7,500 EV tax credit?

Baua Electric

JANUARY 2, 2024

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. The credit amount on these models has fallen to $3,750. And as expected, it’s very short.

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Select Tesla Model 3 variants to lose $7,500 tax credit by 2024

Teslarati

DECEMBER 12, 2023

Tesla updated its configuration page recently, informing customers that select Tesla Model 3 variants will not qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit in 2024. The Tesla Model 3 Rear-Wheel Drive (RWD) and the Long Range variant qualify for the IRA’s $7,500 tax credit until December 31, 2024.

Tax Credit

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How New Eligibility Criteria for the Electric Vehicle Tax Credit Affects You

Blink Charging

DECEMBER 15, 2023

Opting for an electric vehicle and leveraging the EV tax credit to help with your next electric vehicle purchase is a smart move. One such incentive is the Clean Vehicle Credit , a key component of the Biden administration’s Inflation Reduction Act. View IRS instructions for claiming credit.

Tax Credit

Tax Credit Tax Electric Vehicles North America

Hyundai wants to re-badge EVs and sell them to GM: Here’s how it will work

Baua Electric

JANUARY 23, 2025

He also threatened to end the $7,500 federal EV tax credit, which would only put the US further behind Chinas surging global presence. The partnership comes amid new uncertainty under US President Donald Trumps control. Trump already eliminated the EV mandate, which never existed in the first place. Hyundai began production at its $7.6

Hyundai

Hyundai GM Tax Credit Georgia

EV Driven

Tesla models eligible for IRA tax credits in 2024

Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

Tesla signs lithium supply agreement with China-based company

Polestar delivers brand’s first EVs not made in China

2025 Polestar 3 starts at $74,800 and 315 miles, US deliveries in Q2

U.S. DOE Releases Final Interpretive Guidance on the Definition of Foreign Entity of Concern

What happened to the Tesla Cybertruck & Model 3’s IRA tax credit eligibility?

Automakers handed a win with updated EV tax credit guidance in the U.S.

Which 2024 EVs qualify for the $7,500 EV tax credit?

Select Tesla Model 3 variants to lose $7,500 tax credit by 2024

How New Eligibility Criteria for the Electric Vehicle Tax Credit Affects You

Hyundai wants to re-badge EVs and sell them to GM: Here’s how it will work

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