Remove Price Remove South Carolina Remove Tax Credit
article thumbnail

Tariff Response: Polestar 3 Production Begins in South Carolina

The Truth About Cars

Both are owned by Geely, a Chinese corporation, but to get around tariffs on the upcoming Polestar 3, the automaker has moved production of the electric SUV to Volvo’s factory in South Carolina. The Carolina-built Polestar 3 will be sold in the U.S. factories to open eligibility for up to $7,500 in federal tax credits.

article thumbnail

The Volvo EX30 Is Delayed to Fix Software Issues

The Truth About Cars

Volvo had already delayed the EX90 because of software problems with its LiDAR system, but the EX30 is expected to be the automaker’s volume EV, as its price starts at around $35,000. after Volvo gets the EX90 rolling at its South Carolina factory, which will open at least partial EV tax credit eligibility for both models.

Volvo 104
article thumbnail

2025 Volvo EX90 price hiked $3,300, still missing features

Baua Electric

The 2025 Volvo EX90 now costs $81,290 The updated pricing includes a $3,300 price increase due to material costs The 2025 Volvo EX90 is in production in South Carolina The 2025 Volvo EX90 has gotten $3,300 more expensive ahead of the planned start of U.S. When it announced pricing last November, Volvo said the U.S.-made

Volvo 52
article thumbnail

Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

With used vehicles selling at prices sometimes as much as or higher than brand new models due to parts shortages and semiconductor constraints, Ford may be looking to take used EVs and make another profit on them after an initial lease is up. . ” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits.

Ford 98
article thumbnail

Volvo Unveils Compact EX30 All-Electric SUV

The Truth About Cars

Most models are aimed at the affluent, resulting in 9,000-pound behemoths with six-figure price tags. We know that price and cost of ownership is still one of the biggest challenges when people consider switching to an electric car,” said CEO Jim Rowan. Localized assembly may eventually manifest at Volvo's South Carolina plant.

Volvo 98
article thumbnail

US solar module production capacity reaches 50+ GW

Baua Electric

Two new US solar cell factories one in Georgia and another in South Carolina have already come online in the past few months, helping to fill in the gaps. Another win came when SEIA pushed for solar ingot and wafer production to qualify for a 25% investment tax credit under the CHIPS and Science Act of 2022.

Solar 52
article thumbnail

Polestar delivers brand’s first EVs not made in China

Baua Electric

Every Polestar model to date has been manufactured in China , but the 2025 Polestar 3 is assembled at a South Carolina plant shared with Volvo. Polestar 3 deliveries The Polestar 3 is a platform-mate of the Volvo EX90, which is built at the same South Carolina plant. But even with that, and U.S.