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By 2027, the company expects to expand its production of single-crystal high-nickel cathodes to more than 50,000 tons annually.
On June 28, 2023, MESC issued a Funding Opportunity Announcement relating to Domestic Manufacturing Conversion Grants. As another outgrowth of the IRA, MESC is looking to encourage domestic manufacturing capacity through $2 billion in grants.
SAN FRANCISCO (Reuters) -Tesla said the $7,500 federal tax credits for its Model 3 electric vehicles are likely to be reduced after Dec. 31, according to its website on late Tuesday. Tesla did not elaborate on the reasons for the change, but the move comes as U.S. government is set to enforce more stringent rules on batteries next year, in a move to boost domestic manufacturing of the key EV component and reduce the U.S. dependence on China. In June, all Tesla Model 3 vehicles started to qualify for the $7,500 consumer tax credits after two of the three versions had been eligible for half th...
On March 31, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued Proposed Regulations (REG-120080-22) under section 30D of the Internal Revenue...
After receiving information from automakers, the Treasury Department today issued its final list of EVs available for the full $7,500 credit through the Department of Energy’s fueleconomy.gov website.