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Technology

BMW Begins Construction Of Battery Facility In South Carolina

BMW AESC South Carolina Spartanburg

Last summer, all of BMW's electric and hybrid products qualified for the federal tax credit. Even if it wasn't the full $7,500 credit, some vehicles, like the 530e, could still be eligible for a $5,836 credit due to their lower battery capacity. However, with the Inflation Reduction Act, now only one BMW product qualifies for a portion of the federal tax credit, and that's the 2024 BMW X5 50e retaining a $3,750 credit.

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