US delays sourcing restrictions for EVs, expanding Tax Credit eligibility
The US extends its timeline for implementing stringent EV tax credit rules,…
SMMT calls for the government to half VAT on new EVs to boost uptake in UK
The UK's automotive industry calls for the Chancellor to include fairer taxes on new electric…
VinFast takes Tesla course in India, demands import tax cut for electric vehicles
Vietnamese electric automaker VinFast is now asking the Indian government for electric vehicle import tax cuts…
Tesla may still secure lowered import taxes in India despite local players’ opposition
Electric vehicle pioneer Tesla still has the chance to enjoy lowered import taxes in India if the…
US already spent $135M in advance EV tax rebates this year
The Biden-Harris Administration has already reimbursed car dealers for approximately $135 million…
Hyundai offers American customers up to $7,500 cashback to boost sales
South Korean automaker Hyundai entices prospective American electric vehicle buyers with up to $7,500 in cash bonuses…
Tesla offers the $7,500 EV tax credit at point of sale
Leading American automaker Tesla has just introduced a new purchasing process to offer the…
Battery electric and plug-in hybrids that qualify for a US tax credit in 2024
The US government officially imposed the changes in the federal electric vehicle tax credit under the Inflation…
Over 7,000 US car dealers registered to offer point-of-sale EV credits in 2024
The US Treasury Department announced Friday that the IRS had already received…
Japan to impose 10-year tax breaks to boost EV and chip manufacturing
Japan unveils a 10-year tax incentive to boost manufacturing in EVs, semiconductors,…
