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More EVs Lose U.S. Tax Credits Including Tesla, Nissan, GM Vehicles

Tesla's new Cybertruck is shown on display at a Tesla store in San Diego, California, U.S., December 9, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsWASHINGTON, Jan 1 (Reuters) - Many electric vehicles lost eligibility for tax credits of up to $7,500 after new battery sourcing rules took effect on Monday, including the Nissan Leaf, Tesla Cybertruck All-Wheel Drive, some Tesla Model 3s and Chevrolet Blazer EV, the U.S. Treasury said.The Treasury issued guidelines in December de...
United States Lisa Shumaker David Shepardson Thomson Reuters Trust Principles Credits Including Tesla Nissan Leaf

S Korea's battery, new energy sectors to feel pinch from global minimum tax

ANN/KOREAN HERALD – Hundreds of South Korean firms, including tech giant Samsung Electronics, are set to be hit by the newly implemented 15 per cent global minimum tax rate. Under the new corporate tax rule that came into effect on Monday, multinational enterprises with a consolidated revenue of over EUR750 million (USD827 million) are subject […]
Cholla Namdo South Korea Soult Ukpyolsi South Korean Samsung Electronics Seoul Finance Ministry

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