Nissan and Toyota EV tax credit, Stellantis-LG battery factory, cobalt and EV affordability: Car News Today
The parent company of Jeep, Ram, Dodge and Chrysler partnered with LG to build a battery factory in Canada. We look at how cobalt prices — and some of the worst US decisions about resource control — can lead to electric vehicle affordability problems. Toyota and Nissan are introducing more EVs just in time for buyers to claim the full EV tax deduction. And does cost matter more to existing electric vehicle owners or newbies? This and more, here at Green Car Report.
This morning, we have two stories about electric vehicle affordability. Toyota and Nissan both have exciting new EVs coming soon — bZ4X and Ariya, corresponding. But for both brands, EV tax credit coming to an end in a number of months. So if you want the most affordable model, with full $7,500 credit, get in line!
On the other side, we’ve looked at the story behind the cobalt price volatility and other spikes this most expensive material needs for electric vehicles. threaten their ability to pay. Will the US lose control of this resource to oil?
We also reported on a recent study looking at future electric vehicle purchase intentions for not only current electric vehicle owners but “interactive people” who do not currently own electric vehicles — and it discovered Cost and convenience are higher priority for the originals.
And Stellantis and LG Energy Solution last week announced plans for a Canadian joint venture battery factory. This is the automaker’s first large-scale joint venture in North America, and with production plans up to 45 GWh annually, there will be capacity for hundreds of thousands of EVs per year.
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