Business

All About That Business

Checking in with EVs.
No items found.

5 Minutes of Fresh Perspective

Reading the daily news doesn't have to suck. Get the email that will make you laugh and keep you informed...for free!
All About That Business

EV Tax Credit Changes in 2024

Starting 2024, electric vehicles with battery materials from China, including popular models like the Ford Mustang Mach-E, Tesla Model 3, Nissan Leaf, and Volkswagen ID.4, will no longer be eligible for the $7,500 clean car tax credit in the U.S. This shift aims to stimulate the American battery industry and reduce dependency on China's supply chain.

  • Ford Mustang Mach-E: Unlikely to qualify for the federal tax credit after 2023.
  • Tesla, Nissan, VW Also Impacted: Certain trims of these vehicles face potential reductions in tax credits.
  • Global Supply Chain Shifts: A strategic move to reroute the EV supply chain away from China.

A lot of people wait until the last minute to care about what DC says it's gonna do, because often they change their mind (or leaders) before it matters.

Volkswagen and Renault's Affordable EV Venture

In response to the growing influence of Chinese EV makers like BYD and SAIC’s MG, Volkswagen and Renault are collaborating on a €20,000 ($21,500) EV. This venture, still in early-stage talks, aims to produce 200,000-250,000 units annually.

  • Renault's New Launch: 'The Legend', expected to start under €20,000 ($21,500).
  • Volkswagen's Entry-Level EVs: The ID 2all and the cheaper ID 1, with prices starting around €25,000 ($27,000).
  • Electrek's Analysis: Challenges in affordability and the timeline for these models, not expected before 2025.

The best product in the world isn't worth anything if nobody can buy it, but also the worst product in the world is worth a lot of people can't live without it. Seems we can't balance the two as a society.

BMW and Mercedes-Benz's EV Charging Network in China

A joint venture between BMW Brilliance Automotive Ltd. and Mercedes-Benz Group China Ltd. aims to establish 1,000 stations with around 7,000 charging piles by 2026. The first stations, starting in 2024, will focus on primary New Energy Vehicle (NEV) regions.

  • Seamless Digital Experience: Featuring plug & charge functionality.
  • Sustainable Approach: Plans to use renewable energy sources where possible.
  • Nationwide Accessibility: Open to the public with exclusive features for BMW and Mercedes-Benz customers.

"Exclusive features for BMW and Mercedes-Benz customers" could be code for free Wi-Fi or "unthrottled charging speeds." Any bets on which one it will be?

Tesla's Labor Challenges in Scandinavia

Tesla is facing significant pressure in Scandinavian countries to sign a collective bargaining agreement with employees. This includes blockades across Finnish ports starting December 20, and a recent Swedish court ruling against Tesla in a license plate delivery dispute.

  • Regional Solidarity: Unions in Denmark and Norway joined the strike action.
  • PensionDanmark's Divestment: Selling Tesla stock over labor issues.
  • Ideological Stalemate: Tesla's policies clash with the Nordic labor model.

It's easy to forget Unions sometimes support one another unless you remember, by definition, Unions are organizations that specialize in Uniting people. Apparently, the Scandinavian people are currently united in their desire to ruin Elon Musk's day.

Check out more!

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.