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Hyundai says its first EV plant will open this year to gain the $7,500 tax credit

Baua Electric

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. With a $7,500 tax credit on the line, Hyundai has pulled the timeline forward as quickly as possible. Munoz said EVs produced at the new plant will qualify for the tax credit.

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Chevy Blazer EV goes on sale again with lower price tag

Teslarati

General Motors (GM) brand Chevrolet has begun selling the Blazer electric vehicle (EV) once again, after the automaker halted orders for over two months due to a software quality issue. GM also plans to utilize the division on all of its future vehicles.

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Chevrolet cuts price on Spark EV; with incentives and “bonus cash”, as low as $14,995

Green Car Congress

Depending on an individual’s tax situation, the Spark EV ( earlier post ) is eligible for federal tax credit up to $7,500. California and Maryland Spark EV owners may also qualify for a $2,500 California state rebate or $2,300 Maryland excise tax exemption. seconds.

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Everyone’s EV

Electric Auto Association

E VA members spread the word about Chevy Bolts Raejean Fellows, a former president of the Electric Vehicle Association, has been determined to show that electric vehicles (EVs) are affordable for a large swath of the American public. The GM reps advised buyers to reject any mandatory fees or market adjustments. ‘Go

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Hyundai sold nearly 269,000 electric vehicles last year as IONIQ 5 and 6 spark growth

Baua Electric

Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit. Despite its vehicles not qualifying for the tax credit (only through leasing), Hyundai Motor (including sister company Kia) surged past Ford and GM for second in US electric vehicle sales in 2023 behind Tesla.

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82% of BEVs & PHEVs Available in the US in 2022 Have a Base MSRP of $40,000+

EV Adoption

The actual transaction price that consumers are paying for electric vehicles is of course much higher when delivery charges, sales tax, fees, options, and upgrades including everything from paint color and wheel options to driver assist systems are added to the base MSRP. Lack of Affordable EVs Remains a Key Hurdle to Mass Adoption.

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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning. ” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits. battery production.” ” I’d love to hear from you!

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