U.S. Energy Secretary Jennifer Granholm said she thinks there is a sense of understanding from industry and consumer groups "about what the credits will entail and what will be eligible."
Author: Automotive News
The most popular EV in the U.S., the five-seat version of the Model Y crossover, was left off an early list of vehicles eligible for the new federal tax credit. CEO Elon Musk is asking Tesla fans to write the IRS.
Stellantis brand's electric pickup won't be out until 2024, but it will pack some new features.
The vehicle will begin North American deliveries in the spring of 2026.
Ford was the first of the Detroit 3 to go to market with an electric pickup, the F-150 Lightning, but GM and Ram aren't far behind.
Treasury had been required to issue proposed guidance by Dec. 31. The delay impacts some of the rules for EV incentives between Jan. 1 and the time the guidance will be issued next year.
The 120,000-square-foot plant will supply battery disconnect units for General Motors. Half of the facility will be dedicated to production while the rest will be used for warehousing, lab, testing and office space.
The UAW won an election at a GM and LG Energy Solution Ltd. electric-car battery plant in Lordstown, Ohio, giving the union its first win in a factory of that kind.
CEO Mary Barra said the automaker wants to build in redundancy to reduce the possiblity for disruptions, a lesson it took from the ongoing microchip shortage.
Falling battery prices have helped the auto industry’s move toward electrification and more affordable EVs, but prices now seem to be going in the opposite direction.