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Tesla price cuts push EV market toward affordability with broader influence

Teslarati

Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles. This helped to cancel out increases from BMW (4.4%), Daimler (11.5%), Ford (4.9%), GM (1%), Hyundai (2.8%), Stellantis (5.6%) and Volkswagen (4%). ” For Tesla, transaction prices decreased 5.5

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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

Power EV Index ( earlier post ), a new, advanced analytics tool that tracks the progress to parity of EVs with internal combustion engine (ICE) vehicles in the United States, this steady decline in price mixed with surging availability is setting the stage for a new era of EV price wars. in January. At the current trajectory, J.D.

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Ford brings generous offers to Mustang Mach-E, F-150 Lightning to make its EVs more accessible

Teslarati

Ford is offering special financing on the Mustang Mach-E and F-150 Lightning as it is attempting to make its electric vehicles more accessible by improving affordability through both leasing and purchasing. APR for terms up to 60 months for qualified customers financing a Mustang Mach-E F-150 Lightning 0% APR for 36 months or 3.9%

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

Teslarati

Ford released details on the F-150 Lightning Pro variant recently. It is also the all-electric pickup truck’s most affordable variant. In the legacy automaker’s own words, the F-150 Lightning Pro was “Built Ford Tough” for business owners. ” 2022 Ford F-150 Lightning Pro. .

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Notable Updates are Coming to the VW ID.4 for 2024, but Only the More Expensive Models

The Truth About Cars

4 range, it remains the only European EV that qualifies for federal tax credits in the United States. Even the more expensive configurations are more affordable than many competitive EVs, but it’s important to note that VW hasn’t released 2024 pricing yet. 4 one of the most affordable EVs on sale today.

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Volkswagen ID.4 becomes Top 3 most affordable U.S. EV, but there’s a catch

Teslarati

4 will be the third most affordable electric vehicle offering in the United States, but the German automaker will nerf performance to reach the price point. The vehicle will now have a starting price of $37,495 instead of $39,995 and, with federal tax credits, will be just under a $30,000 vehicle at the base model.

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Hyundai Metaplant America to boost its EV sales in the US 

Teslarati

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. The South Korean car manufacturer came in second to Tesla and beat top automakers like Ford and General Motors in the United States. Hyundai Motor Group is investing $7.59

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