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Tesla $7,500 credit up front, Toyota affordable EVs, Ram electric vans: Today’s Car News

Baua Electric

Toyota pushes back about the viability of affordable EVs. Tesla has started applying the EV tax credit at the time of purchase —via its own website and affecting the up-front amount buyers will need to pay when buying a new Tesla. Ram introduces a lineup of electric vans. This and more, here at Green Car Reports.

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Tesla Model Y joins a new Police Force, and incentives made it an affordable purchase

Teslarati

While the environmentally-conscious vehicles will save taxpayer dollars in the long run thanks to EV credits, gas savings, and low maintenance costs, some have voiced concerns over the cost of buying a Tesla. Here are a few examples according to the Ipswich Local News. • Credit: Town of Ipswich.

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Gen X, Millennials buy the most EVs, as Boomers dominate policy

Baua Electric

Gen X and Millennials tend to buy more EVs than Baby Boomers, but the older generation is still in control of EV policy, a pair of recent studies show. of new vehicles purchased by Gen X in 2023 were electric. Gen X purchased the most new vehicles of any generation over the year, as well as the most EVs in total.

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Why Labor’s new tax cut on electric vehicles won’t help you buy one anytime soon

The Driven EV News

Labor says its electric vehicle tax cuts ar e“good for motorists, good for climate action and good for fleet purchases”. They won’t, however, help most Australians afford one. The post Why Labor’s new tax cut on electric vehicles won’t help you buy one anytime soon appeared first on The Driven.

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Hyundai Ioniq 6 deal, affordable Honda and Toyota EVs, Civic and Elantra hybrids: The Week in Reverse

Baua Electric

How can you claim up to $7,500 off some new Tesla models at the time of purchase? With $7,500 of “retail bonus cash”—a rebate on purchases, not leases–the 2024 Hyundai Ioniq 6 is much cheaper than the Tesla Model 3. Toyota also dismisses the viability of an affordable EV —in this case, specific to the European market.

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87% of US Tesla drivers say they’ll buy another Tesla

Baua Electric

Moreover, 81% of prospective US Tesla drivers are new customers switching from competing EV brands. Bloomberg Intelligence, the research arm of Bloomberg, interviewed 1,000 adults planning to buy or lease a brand-new car in the next year. (It It used criteria to reflect a nationally representative sample of geography and gender.)

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Study: People Want to Buy EVs but Costs Are Still Too High

The Truth About Cars

A recent study from KPMG found that most people are interested in buying an EV, but many cite affordability as a hurdle to ownership.& KPMG’s global automotive sector leader, Gary Silber, told Automotive News that “a lot of people are excited about the opportunity, but I don’t know how many people can afford it.”

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