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Author: Detroit News Online
Auto New Year: EVs, muscle and SUVs galore on tap for 2023
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Explainer: 2023 tax credits for EVs will boost their appeal
Washington — Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse emissions. But a complex web of requirements, including where vehicles and batteries must be manufactured to… Continue reading Explainer: 2023 tax credits for EVs will boost their appeal
To enable Biden goals, EV charging companies want Buy America rules delayed
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Nio CEO warns of sales challenges in first half on China demand
This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Nio CEO warns of sales challenges in first half on China demand
Stellantis in negotiations for stake in hydrogen company Symbio
The maker of Jeep and Ram vehicles is negotiating to take a significant stake in Symbio, a company focused on hydrogen-powered vehicles. Stellantis on Friday said it has begun negotiations with Symbio’s joint venture partners, auto supplier Faurecia of the Forvia Group and the Michelin Group, a tire manufacturer. Hydrogen technology offers a zero-emission alternative… Continue reading Stellantis in negotiations for stake in hydrogen company Symbio
Elon Musk tells investors he’ll pause on Tesla stock sales
CEO Elon Musk says he won’t sell any more shares in Tesla for 18 months or more, likely an attempt to comfort shareholders of the electric vehicle company who have watched the stock lose nearly half of its value since Musk’s purchase of Twitter went through in October “I’m not selling any stock for 18… Continue reading Elon Musk tells investors he’ll pause on Tesla stock sales
Payne: Kia EV6 GT, the discount Tesla dragster
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SEC says it’s not violating Elon Musk’s right to free speech
Detroit — The U.S. Securities and Exchange Commission is denying allegations that it is violating Elon Musk’s free speech rights by trying to enforce a 2018 securities fraud settlement. The commission, in an appeals brief filed late Thursday, said Musk, the chief executive of Tesla, waived his First Amendment rights by agreeing to the settlement… Continue reading SEC says it’s not violating Elon Musk’s right to free speech
Tesla offers rare year-end discounts on 2 top-selling models
Detroit — Tesla Inc. is offering rare discounts through year’s end on its two top-selling models, an indication that demand is slowing for its electric vehicles. The Austin, Texas, company started offering a $3,750 incentive on its Model 3 sedan and Model Y SUV on its website earlier this month, but on Wednesday doubled the… Continue reading Tesla offers rare year-end discounts on 2 top-selling models