South Korea’s Hyundai Motor Group and LG Energy Solution Ltd. plan to invest 5.7 trillion won ($4.3 billion) to build an electric vehicle (EV) battery plant in the United States as part of a push to “drive the EV transition in America” and take advantage of tax credits provided by the Inflation Reduction Act (IRA). The two companies…
Hyundai Motor Group, LG Energy Jointly Investing $4.3 Billion in EV Battery Plant in Georgia
May 26, 2023
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Pennsylvania Mulls EV Fee for Road Use
May 1, 2023
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Pennsylvanians pay the highest state gas tax in the nation at 61 cents per gallon. That is on top of the 18.4 cents per gallon for the federal gas tax drivers pay in every state. Gas tax money is used for road repairs, but electric vehicle (EV) drivers don’t buy gas, and so don’t contribute…
China Enters EV Trade War
China is boosting its economy with new subsidies that promote auto exports at the expense of jobs and industrial strength in the United States, the European Union, Japan, South Korea, India, and other allied countries. The subsidies could also decrease global emissions. By 2030, one in three new vehicle sales will be electric. China dominates…
Interest in Electric Vehicles Slumps by Two-Thirds: Report
Buyer interest in new electric cars in the UK has dropped by nearly two-thirds since the start of last year, according to new figures. The online vehicle marketplace Auto Trader recorded a 65 percent drop in inquiries for electric vehicles last month compared with January 2022. The sale of new petrol and diesel cars will…
US Electric Vehicle Tax Credits Get Tougher to Navigate
April 1, 2023
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Claiming a tax credit for your electric vehicle may soon get more complicated. The Treasury Department and the Internal Revenue Service (IRS) issued the proposed guidance on March 31. They result from provisions in last year’s Schumer-Manchin bill, which some call the “Inflation Reduction Act” (IRA). The original electric vehicle tax credit, which ranged from…
IRS Says Major Changes Are Coming to Electric Vehicle Tax Credits Next Month
The Internal Revenue Service (IRS) announced Friday that it would propose rules that would make it more difficult for a number of new electric vehicles (EVs) to qualify for tax breaks, according to a news release. Starting April 18, the IRS will enforce a domestic sourcing requirement for minerals and components used in EV batteries,…
The US Inflation Reduction Act of 2022 Boosts EV Demand and Supply-Chain Manufacturing
President Joe Biden’s 2022 Inflation Reduction Act (IRA) is igniting a growing demand for new and used electric vehicles (EVs). It also incentivizes manufacturers across the entire EV supply chain with credits when they build new or retool existing facilities for EV manufacturing inside the United States. Taiwan’s Foxconn, the global leader in smart manufacturing,…
LIVE 10 AM ET: Michigan House Freedom Caucus Holds Press Conference Against Corporate Interests
March 11, 2023
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Michigan State House Freedom Caucus, joined by local community members, holds a press conference at 10:00 a.m. ET on March 11 in Marshal, Michigan, to reject the Ford EV battery plant with a Chinese partner sitting on property in Marshall. …
LIVE NOW: Michigan House Freedom Caucus Holds Press Conference Against Corporate Interests
March 11, 2023
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battery plantChinese PartnereconomyEpochTVEpochTV LiveEVFordFreedom CaucusLive VideosmarshalMichiganMichigan HousePolicies & ImpactsUSUS NewsVideo
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Michigan State House Freedom Caucus, joined by local community members, holds a press conference at 10:00 a.m. ET on March 11 in Marshal, Michigan, to reject the Ford EV battery plant with a Chinese partner sitting on property in Marshall. …
Michigan House Freedom Caucus Holds Press Conference Against Corporate Interests
March 11, 2023
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battery plantChinese PartnereconomyEpochTVEpochTV LiveEVFordFreedom CaucusLive VideosmarshalMichiganMichigan HousePolicies & ImpactsUSUS NewsVideo
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Michigan State House Freedom Caucus, joined by local community members, holds a press conference at 10:00 a.m. ET on March 11 in Marshal, Michigan, to reject the Ford EV battery plant with a Chinese partner sitting on property in Marshall. …
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