Toyota 3-row EVs, lower-priced Ford EVs, Honda EV hubs, Mazda EZ-6: Today’s Car News
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Honda to build major EV plant in Canada
Japanese auto giant Honda will open an electric vehicle plant in eastern Canada, a Canadian government source familiar with the multibillion-dollar project told AFP on Monday. The federal government as well as the province of Ontario, where the plant will be built, will both provide some financial incentives for the
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New EV Tax Credit Changes Could Make More Vehicles Eligible
The U.S. government has finalized rules regarding the $7,500 clean vehicle tax credit. The changes are technical, but could result in more electric vehicles being eligible for tax credits. The U.S. Department of Treasury, the Internal Revenue Service, and the Department of Energy have revealed the final rules for the clean vehicle tax credit. It’s valued at up to $7,500 but the exact number depends on a variety of complicated factors. One of the big changes is a new test for calculating the...
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Honda commits to $11B EV hub in Canada, to start in 2028
Honda on Thursday announced plans to push its EV supply chain into Canada, in a move that it said recognizes "the long-term attractiveness of the Canadian EV manufacturing ecosystem.” The investment is significant—$11 billion U.S. dollars, including investments by joint-venture partners—but it doesn’t yet actually commit to