Here’s Why A New $40,000 Electric Vehicle Tax Credit For Business Owners May Be relatively Easy To Get
Business owners will be able to avail themselves of a new tax credit for electric vehicles starting next year — and it should be easier to get than a similar tax break for consumer households buying “new clean” passenger cars,…
Audi’s Line Of EVs May Soon Be Produced In The United States
Audi’s line of EVs may soon be produced in the United States, as soon as 2023, thanks to the newly signed Inflation Reduction Act (IRA). The IRA encourages electric vehicle manufacturers to build their vehicles in the USA. For BEVs…
Spain Frontloads Subsidies For Electric Car Projects As VW Appears In Doubt
The Spanish government vowed more European funds than initially planned to investors in the first phase of support of electric mobility projects, ranging from vehicle batteries to cars, and said it sought to work with Volkswagen after the German automaker…
China’s BYD Extends Lead Over Tesla After Stealing Its Crown, As Chinese Drivers Opt For Cheaper Models
BYD, the Chinese carmaker backed by Warren Buffett’s Berkshire Hathaway, has extended its sales lead over Tesla as a growing number of Chinese drivers make the switch to battery-powered vehicles at the lower end of the price spectrum. The Shenzhen-based…
Mercedes Signs $1.5B Deal with Rock Tech Lithium To Boost EV Output
Mercedes-Benz has signed a supply agreement with Canadian-German Rock Tech Lithium to receive on average 10,000 tons of battery-grade lithium hydroxide per year, the automaker said. The deal allows the automaker to supply its battery partners with raw material, starting…
GSA Chooses EnviroSpark For Federal EV Charging Installs In Southeast US
In 2021, President Biden announced that he wants to replace all federal government vehicles with “clean electric vehicles.” It’s a big challenge, and that’s before you consider all the government agencies that are able to purchase vehicles through GSA. This…
U.S. Awards $2.8 BN In Grants For Electric Vehicle Batteries In 12 States
The Biden administration on Wednesday awarded $2.8 billion in grants to build and expand domestic manufacturing of batteries for electric vehicles in 12 states. A total of 20 companies will receive grants for projects to extract and process lithium, graphite…
Volkswagen to plough €2.4B into vehicle automation in China and form JV with Horizon Robotics
Volkswagen is accelerating the pace to automate its electric vehicles for Chinese customers. CARIAD, a wholly owned automotive software company of the German auto behemoth, intends to set up a joint venture with Horizon Robotics, one of China’s most serious…
EU expects its electric cars can get level playing field in U.S.
WASHINGTON — European Union and U.S. officials expect to reach agreement that would grant EU companies, including electric car makers, the same status as U.S. ones in the U.S. market, to avoid what the EU calls discrimination against its producers…
Volkswagen Group’s all-electric deliveries up 25 percent after nine months
The Volkswagen Group continued to drive forward its successful global electric offensive. The deliveries of all-electric vehicles were up 25 percent in the first nine months year-on-year. Despite ongoing supply constraints, 366,400 BEVs have been handed over to customers until…
