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Here’s what Ford CEO Jim Farley said during the company’s Q3 2022 earnings call about whether the company’s electric vehicles would qualify for the Inflation Reduction Act’s (IRA) full $7,500 tax credit.

Here’s how the IRA tax credit, which will run to 2032, will work for new EVs:

  • EVs that are purchased August 16, 2022 or later must have final assembly in North America to be eligible.
  • The credit is worth up to $7,500, and it consists of two requirements, each adding up to half of the credit.
  • To be eligible for the $3,750 battery portion of the credit in 2023, 50% of the vehicle’s battery must be assembled or manufactured within North America. The required percentage goes up by 10% every year until it reaches 100% in 2029.
  • The other $3,750 of the credit consists of the critical minerals requirement. A certain percentage of the battery’s critical minerals must be extracted or processed domestically or within a country with whom the US has a free-trade agreement. In 2023, that’s 40%, and then it peaks at 80% in 2027, where it stays until 2032.
  • Beginning in 2023, vans, SUVs, and pickup trucks must have an MSRP of $80,000 and under to qualify.
  • Sedans and passenger cars are capped at $55,000 in 2023.

Ford CEO Jim Farley noted in his opening statement that the company has already broken ground on its new BlueOval SK battery plants in Kentucky. Domestic battery assembly/manufacturing = check.

He also said that the company’s “team is making great progress in securing raw materials, importantly the processing of those raw materials and the battery capacity that we need.” (Farley didn’t elaborate further on that in the call, so TBD for critical minerals.)

In regard to the IRA proving beneficial to Ford itself on the battery production front, Farley said:

From ’23 to ’26, we estimate a combined available tax credit for Ford and our battery
partners could total more than $7 billion with large step-up in annual credits in ’27 as our [joint venture] battery plants ramp up to full production.

He then made a second point about commercial EV tax credits for customers:

I haven’t actually read anyone in the media covering this, but it’s super important for Ford. And that’s the commercial EV credit. You know that Ford is the number one commercial vehicle brand in the US, and our commercial customers can now claim next year $7,500 per EV vehicle they buy with no restrictions on battery sourcing or manufacturing. Our preliminary estimate is that between 55% and 65% of all of our commercial vehicle customers will qualify.

Farley has a point about it being interesting from a business journalism standpoint. Tesla doesn’t make light and medium duty commercial EVs. Rivian makes them, but it will be busy supplying Amazon for a long time. So Ford is extremely well positioned to sell a lot of commercial EVs.

His third point was about retail sales:

Ford EVs and our PHEVs remain eligible for the $7,500 tax credit until guidance is issued at the end of this year. Next year, we believe we’ll meet the $3,750 critical minerals credit requirement on certain Mustang Mach-E and F-150 Lightning models. In ’24, the rules will further restrict this critical materials credit. So, we believe it’s a fairly level playing field right now for all the OEMs as our supply chain of critical minerals extracted or processed in the US and FTA develops.

What’s intriguing is Farley’s reference to “certain models.” There are four F-150 Lightning models. The Pro starts at $51,974, and the Lariat starts at $74,474. (The Platinum costs more than the $80k cap.) There are likely pragmatic reasons for some models meeting the critical minerals credit requirement and others not meeting it, such as battery size. And, my colleague Jameson Dow asked partly tongue in cheek, “Will one model get its cobalt from the US and another from the DRC?”

The optics will matter to car buyers. Will Ford look as though it’s prioritizing the lower end, making the F-150 more affordable to the general public, or will the company look as though it’s trying to move more expensive models off the lot by dangling the tax credit carrot to high net worth individuals?

We’ve reached out to Ford about this and will update if we hear back.

We’ll also be sure to keep an eye on which Ford EVs qualify for which level of IRA tax credit.


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Kempower, Proviridis partner on novel electric semi truck charging solution

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Kempower, Proviridis partner on novel electric semi truck charging solution

French infrastructure specialists Proviridis have partnered with EVSE manufacturer Kempower to deliver a novel, underground charging solution for electric semi trucks designed to easily integrate into existing truck depots.

By installing its high-powered charging cabinets underground and integrating the charging cables into a solid metal pipe, Kempower and Proviridis have been able to make room for high-powered charging points in an existing truck depot that didn’t have enough space to install either conventional EVSE or overhead “drop lines.”

For the pilot, the metal pipe is painted in a striking yellow color to make it easier to see while maneuvering the lot, and keeping the dispensers themselves more protected than conventional concrete bollards. The 600 kW power cabinet is positioned a few yards away – a typical space-saving Kempower solution – and connected to the charge points by underground cable.

Proviridis believes their solution provides enough of a competitive advantage that fleet buyers looking to electrify will be eager to give it a try.

“The product is durable across a wide spectrum of temperatures and conditions, requires minimal ventilation, and can cater for a wide range of customer needs,” explains Olivier Verdu, Technical Director at Proviridis. “These are features which perfectly place the Kempower solution for this type of charging configuration in a logistics environment.”

Electrek’s Take

While traditional charging equipment can cause up to 20% of an existing truck depot’s parking capacity to be lost, the Kempower products have already gained recognition for the efficient size footprint of its overground Satellites. If this underground version proves to be even better, you can expect to see a lot more Kempower installations near you.

SOURCE | IMAGES: Kempower.

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For a limited time, save $500 on a Centris folding eBike from Buzz Bicycles

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For a limited time, save 0 on a Centris folding eBike from Buzz Bicycles

In honor of Black Friday and Cyber Monday, eBike specialist Buzz Bicycles is offering an exclusive discount for Electrek readers on its Centris Class 2 Folding Bike.

Table of contents

Buzz Bicycles is back with an exclusive new deal

Buzz Bicycles has been a mainstay on Electrek for a few years now, as we have covered several of its electric bikes, which suit riders of all skill levels and help them “Buzz through life.” Buzz is an omnichannel eBike brand that prioritizes direct-to-consumerism and has found success in its mission to deliver ultimate transportation solutions at an excellent value for its growing base of eBike enthusiasts.

The company strives to deliver riders a “Wow moment,” which is usually brought on as they feel the pedal assist function kick in. This feature delivers all you need to conquer hills and longer rides while enjoying new adventures with friends.

The Buzz team has utilized decades of industry experience into its portfolio of eBikes, all conceived and designed in Dayton, Ohio. The company, which operates under the United Wheels umbrella alongside brands like Huffy Bicycles, Niner Bikes, and Batch Bicycles, has adopted an ethos that the freedom of riding should be fun and accessible for everyone, no matter what adventure lies ahead.

By leveraging the global presence of its parent company, Buzz Bicycles can make good on its promise to deliver affordable eBikes that are comfortable, powerful, and safe, much like the Centris Folding eBike, which is as versatile and compact as it is fun. The exclusive deal Buzz Bicycles is offering on the Centris makes it even more fun. You can take advantage of it below.

But first, you’ll want to learn about the capabilities of this foldable eBike to truly understand its value, as well as what accessories are available to level up your purchase.

Buzz Bicycles

The Buzz Centris is an easy to ride foldable eBike for all

The Buzz Centris is a Class 2 Folding eBike built for comfort and convenience no matter where you take it. At full size, the Centris’ step-through frame offers a low step-over height of just 16 inches, perfect for riders of all sizes, enabling easy transitions from ground to saddle for its riders.

When you’re not riding, the Centris from Buzz Bicycles folds neatly to 34 inches in length and 22 inches in height, making it easy to store at home or to carry in a vehicle on the way to your next ride. Furthermore, the assembled bike only weighs 68 pounds, making it easy to transport.

You can easily navigate tougher terrain on the Centris thanks to the eBike’s 20″ x 4″ knobby tires and front suspension. The bike is powered by a 48V, 500-watt-hour (Wh) battery pack that can propel it to a top speed of 20 mph for an all-electric range of up to 40 miles on a single charge.

Additionally, this folding model from Buzz Bicycles comes equipped with both a front and rear rack, offering versatile cargo-carrying options so you can customize your ride with a variety of Buzz accessories.

Like all Buzz eBikes, the Centris is tested and deemed compliant with the UL2849 standard. This standard covers the entire electric bicycle system, including the motor, battery, controller, and charger, offering the highest safety standards for added peace of mind.

The Centris Class 2 folding bike from Buzz is available in two colors: Gloss White or Matte Black. This $1,199 eBike is currently reduced to $899 – and you can score an additional $200 off with this exclusive promo, but only for a limited time.

With the purchase of any Buzz eBike, including the Centris, you are guaranteed the following:

  • 10-year limited warranty (lightweight aluminum frame protected for full 10 years)
  • 2-year limited warranty (electrical components covered by 2-year warranty for peace of mind)
  • 6-month limited warranty (additional bike components protected by a 6-month warranty)
Buzz Bicycles

Are you interested in the Centris from Buzz Bicycles? You’ve come to the right place. Starting today, while supplies last, you can take advantage of an additional $200 off the sale price by using promo code “ELECTREK200. That’s a $500 discount in total!

Don’t wait, because this deal only runs through 11:59 PM on December 8, 2024.

We highly recommend perusing Buzz’s entire lineup of products. They are designed for commuters and casual riders, with technology and features that help you quickly feel comfortable riding. If you are new to the world of E-transportation, Buzz Bicycles is the brand for you. 

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It begins: Mercedes eActros 600 electric semi truck enters production

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It begins: Mercedes eActros 600 electric semi truck enters production

With up to 500 km (310 miles) of all-electric range, the new Mercedes eActros 600 electric semi truck was designed for long-haul trucking – and now, it’s officially in production at the company’s Wörth plant in Bavaria.

The electrification of Daimler Truck’s Mercedes line is progressing nicely, with the eActros 300 and 400 models handling drayage and short-haul duties, and the eEconic seeing duty in waste disposal and airport refueling. The addition of the new 600 model expands on that work with a truly capable long-haul solution that will help Mercedes’ customers clean up their operations.

“The start of series production of our eActros 600 is a further proof of our ambition to transform the industry,” offers Karin Rådström, CEO of Daimler Truck. “With a range of 500 kilometers on a single battery charge, our eActros 600 is addressing the long-haul segment in Europe which is responsible for two-thirds of CO2 emissions from heavy road freight. Our battery-electric long-haul truck will therefore make a real difference.”

In addition to the 600’s additional range, the newest eActros marks another milestone by becoming the first electric Mercedes semi to be manufactured on a single line (the eActros 300/400 and eEconic leave their standard production lines to have their electric drive components installed at Mercedes’ Future Truck Center in Wörth).

“With the start of series production of the eActros 600, we are expanding our Wörth product portfolio with an important vehicle for the future,” says Andreas Bachhofer, Head of the Wörth site and Production at Mercedes-Benz Trucks. “Construction of this first battery-electric truck made in Wörth will be fully integrated into the existing assembly hall, flexibly alongside the manufacturing of combustion-engine trucks. This means that we are ideally positioned for the production of larger quantities. Our production team is well prepared for the successive ramp-up over the coming months.”

The new electric semi truck features a 600+ kWh battery (hence, eActros 600) that sends power to a new, highly efficient electric drive axle developed in-house by Mercedes-Benz, good enough to “be able to travel significantly more than 1,000 kilometers per day. This is made possible by intermediate charging during the legally prescribed driver breaks – even without megawatt-charging.”

The company claims the massive, 600 kWh battery in the eActros can be charged from 20 to 80 percent in about 30 minutes at a megawatt charging station, which will soon (?) be available across Europe. First deliveries of the new 600 series Mercedes electric semi trucks are expected to begin Q1 of 2025, with production ramping up to full speed soon after.

Electrek’s Take

Holcim, a global leader in building materials and solutions, has recently made a significant commitment to sustainability by placing a purchase order for 1,000 Mercedes electric semi trucks.
Mercedes eActros 600 long-haul electric semi; via Daimler Trucks.

Electric semi trucks are racking up millions of miles as more and more pilot programs being to pay off, leading to more orders for battery electric trucks and more reductions in both diesel demand and harmful carbon emissions. We can’t wait to see more.

SOURCE | IMAGES: Daimler Trucks.

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