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Every EV Qualified for U.S. Tax Credits in 2024

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See this visualization first on the Voronoi app.

This illustrative graphic shows the EVs qualifying for U.S. tax credits in 2024

Every EV Qualified for U.S. Tax Credits in 2024

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This year, the list of qualified electric vehicles (EVs) for U.S. tax credits is relatively small.

Many popular models like the Nissan Leaf, Ford Mustang Mach-E, and some Tesla Model 3s are missing—largely due to new battery sourcing rules. With stricter rules coming into effect, the number of models is dropping from 43 to 13.

This graphic shows the qualifying EV models in 2024, based on data from FuelEconomy.gov.

Which EVs Made the List?

Here are the EVs that are eligible for a U.S. tax credit of up to $7,500 at the point of sale:

CarVehicle TypeCredit AmountManufacturer's Suggested
Retail Price Limit
Chevrolet Bolt EUVEV$7,500$55,000
Chevrolet Bolt EVEV$7,500$55,000
Chrysler Pacifica PHEVPlug-in Hybrid$7,500$80,000
Ford Escape PHEVPlug-in Hybrid$3,750$80,000
F-150 Lightning*EV$7,500$80,000
Jeep Grand Cherokee 4xePlug-in Hybrid$3,750$80,000
Jeep Wrangler 4xePlug-in Hybrid$3,750$80,000
Lincoln Corsair Grand TouringPlug-in Hybrid$3,750$80,000
Rivian R1S*EV$3,750$80,000
Rivian R1T*EV$3,750$80,000
Tesla Model 3 PerformanceEV$7,500$80,000
Tesla Model X Long RangeEV$7,500$80,000
Tesla Model Y*EV$7,500$80,000

*F-150 Lightning includes Standard and Extended Range models. R1S includes Dual and Quad Motor models. R1T includes Dual, Performance Dual, and Quad Motor models. Model Y includes RWD, AWD, and Performance models.

The good news is that getting the discount is now easier for customers.

Instead of filling out tax paperwork to receive the tax credit, buyers will automatically get the discount at participating dealerships at the time of purchasing.

Additionally, models eligible for a partial credit of $3,750 include Rivian EVs along with plug-in hybrids from Jeep, Ford, and Lincoln.

Ultimately, the tax credit is designed to encourage people to switch to EVs and purchase models that are sourced in America. Overall, it is part of a wider plan to boost manufacturing and clean energy investment across the country.

U.S. EV Manufacturing Push

Several automakers are ramping up investment in American battery plants.

In October 2023, Toyota announced it was investing an additional $8 billion in its North Carolina battery plant, adding 3,000 new jobs.

Along with this, Ford is constructing a 3,600 acre facility for battery manufacturing and EV production, valued at $5.6 billion. By 2026, it is targeting to make 500,000 electric trucks annually. Located in Tennessee, the mega-campus is set to create 6,000 new jobs.

Still, Ford is scaling back EV investment, citing a reluctance among customers to pay a premium for electric models. The United Auto Workers deal, estimated to cost Ford $8.8 billion, likely impacted EV investment plans.

The cost of EV batteries can range from around $8,000 to over $22,000.

Automakers including Lucid, General Motors, Honda, Nissan, and Stellantis (Chrysler’s parent company) are all building, or plan to build, battery facilities in the country.

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Agriculture

The World’s Top Cocoa Producing Countries

Here are the largest cocoa producing countries globally—from Côte d’Ivoire to Brazil—as cocoa prices hit record highs.

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This tree map graphic shows the world's biggest cocoa producers.

The World’s Top Cocoa Producing Countries

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

West Africa is home to the largest cocoa producing countries worldwide, with 3.9 million tonnes of production in 2022.

In fact, there are about one million farmers in Côte d’Ivoire supplying cocoa to key customers such as Nestlé, Mars, and Hershey. But the massive influence of this industry has led to significant forest loss to plant cocoa trees.

This graphic shows the leading producers of cocoa, based on data from the UN FAO.

Global Hotspots for Cocoa Production

Below, we break down the top cocoa producing countries as of 2022:

Country2022 Production, Tonnes
🇨🇮 Côte d'Ivoire2.2M
🇬🇭 Ghana1.1M
🇮🇩 Indonesia667K
🇪🇨 Ecuador337K
🇨🇲 Cameroon300K
🇳🇬 Nigeria280K
🇧🇷 Brazil274K
🇵🇪 Peru171K
🇩🇴 Dominican Republic76K
🌍 Other386K

With 2.2 million tonnes of cocoa in 2022, Côte d’Ivoire is the world’s largest producer, accounting for a third of the global total.

For many reasons, the cocoa trade in Côte d’Ivoire and Western Africa has been controversial. Often, farmers make about 5% of the retail price of a chocolate bar, and earn $1.20 each day. Adding to this, roughly a third of cocoa farms operate on forests that are meant to be protected.

As the third largest producer, Indonesia produced 667,000 tonnes of cocoa with the U.S., Malaysia, and Singapore as major importers. Overall, small-scale farmers produce 95% of cocoa in the country, but face several challenges such as low pay and unwanted impacts from climate change. Alongside aging trees in the country, these setbacks have led productivity to decline.

In South America, major producers include Ecuador and Brazil. In the early 1900s, Ecuador was the world’s largest cocoa producing country, however shifts in the global marketplace and crop disease led its position to fall. Today, the country is most known for its high-grade single-origin chocolate, with farms seen across the Amazon rainforest.

Altogether, global cocoa production reached 6.5 million tonnes, supported by strong demand. On average, the market has grown 3% annually over the last several decades.

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