Cleantech & EV’s

Tesla has pulled on another demand lever in China by creating some urgency to get an insurance incentive worth ~$1,000 as it tries to increase sales at the end of the year. Over the last few months, there have been increased concerns about softening of demand for Tesla vehicles. It was enough for CEO Elon Musk to address it during the conference call following the release of Tesla’s Q3 2022…

Global tech company Foxconn has announced it will invest at least another $70 million and up to $170 million total in EV startup Lordstown Motors. Foxconn’s $70M investment in Common Stock shares of Lordstown will help the company with its corporate strategy, while the two parties are shifting their previously announced $100 million joint venture into a Preferred Stock investment that will fund…

Kia is dropping the base “Light” trim level of their popular EV6 for 2023, resulting in a new base model price of $48,500 for their “Wind” trim level (plus $1,295 destination charge). This is a $1,000 increase for the Wind trim level, but with the new absence of the “Light” trim, this means the cheapest EV6 is now $7,100 more than 2022’s cheapest EV6. A $1,000 price increase…

You may be in luck if you’re looking to buy an electric vehicle. A new bill introduced in the US Congress called the Affordable Electric Vehicles for America Act would allow essentially all EVs in the US to qualify for the $7,500 tax credit if passed. On Friday, a few members of the US Congress, including Terri Sewell (AL), Eric Swalwell (CA), Emmanuel Cleaver (MO), and Jimmy Gomez (CA)…