Etiqueta: EV

Nio Inc., the loss-making Chinese electric-car maker, has scored another cash injection from the Middle East after Abu Dhabi-backed fund CYVN Holdings LLC said it will invest $2.2 billion.

Per share purchase price is 7.50 USD.

France's revamped rules on consumer cash incentives for electric car purchases favour vehicles made in France and Europe over models manufactured in China, a government list of eligible car types published on Thursday showed.

China’s dominance of the electric vehicle (EV) supply chain and bolstered US government incentives for domestic auto makers risk putting the EU on the back pedal in its efforts to shore up European electric vehicle manufacturing, noted the European Automobile Manufacturers’ Association (ACEA).

Long-awaited rules from the Biden admin could make all EVs ineligible for the $7,500 customer tax credit — unless the industry can source key supplies beyond China.

On September 13th Ursula von der Leyen, the president of the European Commission, announced a planned anti-subsidy investigation into Chinese electric vehicle (EV) imports into the EU.

The Treasury and Energy departments proposed rules for electric vehicles tax credits aimed to limit foreign battery ingredients.

The US government has announced new regulations that aim to keep Chinese batteries out of cars sold in the United States, a move that could push up the price of electric vehicles for American drivers.

Ev Tax Credit: Plans outlined by the Treasury and Energy departments would limit EV buyers from claiming the full tax credit if they purchase cars containing battery materials from China and other countries that are considered hostile to the United States.