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Tesla Semi will be incredibly affordable with US’ revamped EV tax credit

Teslarati

The bill allocates $369 billion for programs that help fight climate change and preserve the environment, and it also includes a number of revamped EV tax credits. With a $40,000 incentive, the Tesla Semi could be purchased at a price that is more affordable than a Tesla Model S and Model X Plaid without incentives.

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Tesla Model 3 Highland leases qualify for IRA tax credit loophole

Teslarati

Tesla Model 3 Highland leases are more affordable thanks to a loophole in the Inflation Reduction Act about commercial vehicles. Tesla calculated that Model 3 Highland lease payments would be $329 monthly, excluding taxes and fees. The IRA loophole Tesla applies to the Model 3 Highland leases is not new.

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GM to invest $6.5B for EV and battery production facilities in Michigan

Teslarati

billion to develop two facilities in Michigan responsible for electric vehicle and EV battery production, a new report from Detroit News says. The two new plants will produce 4,000 new jobs in Michigan. billion in an approved tax rebate for the Orion Assembly Plant, where the Chevrolet Bolt EV is made.

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Rivian speculated to unveil the R2 SUV by March 2024

Teslarati

The auto startup renovated the 1930 theater into a retail space and commercial community area. Rivian next generation of electric vehicles, which will start with the R2, is expected to be more affordable and cheaper for customers. The Rivian Theater was formally the Laguna Beach Movie Theater.

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Ford reveals specs for F-150 Lightning Pro: Price, Range, and Features

Teslarati

The Lightning Pro was built for commercial customers to handle tough work. It is also the all-electric pickup truck’s most affordable variant. The starting MSRP for the Lightning Pro is $39,974 before tax incentives, and it features a standard battery pack and a dual-motor power 4×4 equivalent to 426 horsepower.

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Ford F-150 Lightning becomes Vermont Governor’s truck

Teslarati

Earlier this week, Governor Phil Scott of Vermont took delivery of a new Ford F-150 Lightning that will be part of the his fleet of vehicles that ensure secure transportation. In Vermont, we have made substantial investments in EV infrastructure and incentives to make them more affordable. 1/2 pic.twitter.com/K6DrgV5gsk.

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GM taps ex-Tesla battery chief to deliver cheaper EVs sooner

Baua Electric

“For more than 30 years, I’ve been focused on helping develop and commercialize battery technologies that will aid in the transition to electric transportation,” Kelty said in a statement. That’s caused GM to miss production targets and likely pushed the launch of more-affordable EVs farther out.

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