VW is now the first foreign carmaker to qualify for the full EV $7,500 tax credit
VW has become the first non-US automaker that qualifies for the full $7,500 US federal EV tax credit.
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How to bypass nearly every restriction of the EV tax credit by leasing
Last week, the IRS updated the EV tax credit with new battery sourcing requirements set to go into place on April 17, with the effect of lowering purchase credit amounts for many new EVs.
But since the law defines individual and commercial credits differently, those requirements – along with MSRP and income requirements – can be bypassed on consumer-leased vehicles.
Expand Expanding CloseEverything you need to know about the IRS’s new EV tax credit guidance
The US Treasury Department today announced its expected EV tax credit guidance on the battery component and critical mineral sourcing requirements of the Inflation Reduction Act, changing the availability of EV tax credits in the US, with the net effect of reducing tax credit amounts for many vehicles purchased on April 18 or later.
Update: some manufacturers have issued statements about which cars will and won’t qualify for the full credit, we will append updates the end of the post below as we get more information.
Expand Expanding CloseTritium debuts US-made, NEVI-compliant DC fast chargers
Tritium makes DC fast chargers in Tennessee, and it’s now accepting orders for its first EV charging system for the National Electric Vehicle Infrastructure (NEVI) Formula Program.
Expand Expanding CloseHere are 5 vital things you need to know about heat pumps
Electrek spoke with Heidi Gehring, associate director, cooling product marketing at Carrier HVAC, about the five essential things to know about this energy-efficient, cost-effective way to heat and cool a home.
Expand Expanding CloseUS and Japan make trade deal for battery minerals ahead of IRS decision
The United States and Japan have struck a trade deal for battery minerals, according to Reuters. This deal could potentially allow Japanese electric cars greater access to US EV tax credits in the Inflation Reduction Act.
Expand Expanding CloseWest Virginia is getting a big new battery storage factory
Michigan-based Our Next Energy (ONE) is going to open a long-duration battery storage factory in West Virginia, next to a 420 MWh solar microgrid.
Expand Expanding CloseVolkswagen to focus on US battery plant while it awaits incentives of ‘EU Green Deal’
Volkswagen Group is reportedly pausing previously laid out plans for battery plants across Europe as it awaits the EU’s response to the Inflation Reduction Act in the US, which could offer the Group up to $10.5 billion in incentives. For now, Volkswagen will continue it progress in choosing a location of a US battery plant while it awaits what sort of conditions and/or incentives will come into play in what is being called the “EU Green Deal.”
Expand Expanding CloseNorth America’s first battery-grade recycling hub just scored a $375M loan
The US Department of Energy (DOE) is going to finance a huge recycling hub that will support the battery needs of around 203,000 EVs a year.
Expand Expanding CloseThe world’s largest EV battery maker will cut costs for Chinese automakers – but not for Tesla
China’s CATL, the world’s largest EV battery maker, is reportedly offering significantly lower battery costs to some Chinese EV makers, according to CnEVPost today.
Expand Expanding CloseSick of EV chargers not working? Here’s how that’s going to change
The Biden administration today announced that the US government is going to set standards for federally funded EV chargers – a US first. In other words, if an EV charger is installed using federal dollars, then it has to actually work, and to a high standard.
Expand Expanding CloseInflation Reduction Act won’t be enough to meet Paris climate goals, says Dieselgate whistleblower
The Inflation Reduction Act will drive electrification of transportation forward but won’t be enough to meet the United States’ climate goals under the Paris Agreement, according to a new report from the International Council on Clean Transportation.
Expand Expanding CloseCars assembled outside NA may qualify for EV tax credit, per new IRS note
The US Treasury has released new guidelines on the electric vehicle tax credit in the Inflation Reduction Act, which seem to suggest that leased vehicles can qualify for the EV tax credit even if they were assembled outside of North America, Reuters reports.
Expand Expanding CloseThe Chevy Bolt is still a screaming deal after tax credit changes
The Chevy Bolt is already a great enough deal to get our Electrek Vehicle of the Year award, but after the US Treasury delayed its guidance on battery sourcing requirements, that deal might be even better – but only for the next couple of months.
Update: Treasury finally released its battery guidance, but now that everything has shaken out, it looks like the Chevy Bolt still qualifies for the full $7,500 credit. So the Bolt is still a screaming deal, as long as you can find one.
Expand Expanding CloseHere are the cars eligible for the $7,500 EV tax credit in the Inflation Reduction Act in 2023
The Inflation Reduction Act, the major climate bill, was signed August 16, changing the availability of electric vehicle tax credits. The law is still in the process of being implemented, so tax credit qualifications continue to change as the IRS offers further guidance. This post intends to break down the current eligibility requirements for the EV tax credit as they continue to be updated.
Expand Expanding CloseNanoGraf to launch US’s first large-volume silicon oxide factory
Chicago-headquartered NanoGraf Technologies, which claims it has enabled the world’s most energy dense 18650 lithium-ion cell, today announced that it will open the first large-volume silicon oxide factory in the United States. At peak production, NanoGraf will produce 35 tons per year.
Expand Expanding CloseDoes Ford think its EVs qualify for the full $7,500 IRA tax credit? Here’s what its CEO said
Here’s what Ford CEO Jim Farley said during the company’s Q3 2022 earnings call about whether the company’s electric vehicles would qualify for the Inflation Reduction Act’s (IRA) full $7,500 tax credit.
Expand Expanding CloseNanoGraf’s Li-ion 18650 battery achieves a new energy-density milestone
Chicago-headquartered NanoGraf Technologies, which claims it has enabled the highest energy-density cylindrical 18650 Lithium-ion cell in the world, today announced that its battery has achieved a new industry energy-density milestone of 810 Wh/L (4.0Ah capacity).
Expand Expanding CloseEurope says Biden’s IRA isn’t fair play for the global EV future
What’s good for America isn’t necessarily good for your friends across the pond – at least that is the central message to an urgent call to action from the EU this week against what it sees as “discriminatory” tax credits and incentives against European and Asian carmakers in the groundbreaking new Inflation Reduction Act.
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