• News aggregator on electric cars and electric vehicles (cars, motorcycles, boats, planes).

US Treasury delays EV battery guidance, more vehicles could qualify for 2023 tax credits


The United States Treasury department announced it will delay its guidance in regard to the sourcing requirements for battery materials in order for EVs to qualify for federal tax credits. Beginning January 1, 2023, a slew of new requirements will still take affect, but the lack of battery guidelines could offer a brief window in 2023 where electric vehicle purchases that may not fit the pending battery sourcing requirements still qualify for some level of tax credits. More…

Polestar to recycle magnets together with Cyclic Materials

volvo-polestar-eigene-markePolestar has entered into a cooperation with the North American start-up Cyclic Materials, which specialises in the recycling of magnets. The memorandum of understanding between the two companies provides for the development of recycled magnets for use in electric motors in Polestar vehicles. The collaboration will also explore ways to efficiently recycle existing magnets, according […] More…