Remove Affordable Remove Mexico Remove News Remove Tax
article thumbnail

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.

article thumbnail

Second Tesla center in New Mexico to open on Santa Ana Pueblo

Teslarati

In September 2021, Tesla opened its first center on Native American tribal land in New Mexico. By building on tribal land, Tesla effectively sidestepped a New Mexico law prohibiting the company from directly selling EVs and operating a service center in the state. Senator Martin Heinrich (D-N.M.)

article thumbnail

Another One Bites the Dust: Kia Killing the Rio After 2023

The Truth About Cars

Mitsubishi recently announced that it would discontinue the Mirage, removing one of America’s few remaining affordable new cars. As Automotive News pointed out, the shift is likely tied to Kia’s electrification ambitions. Kia is now cutting another sub-$20,000 option with its announcement of the Rio’s demise after 2023.

Kia 92
article thumbnail

Fisker releases details on $29,900 Pear production in the US

Teslarati

The Fisker Pear will be produced in the United States and would likely benefit from the country’s EV tax incentives from the Inflation Reduction Act. We created this vehicle with the idea that young people living in the world’s big cities need innovative, versatile, and affordable mobility,” said Chairman and CEO Henrik Fisker.

Fisker 116
article thumbnail

After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

battery-supply deal with China’s CATL, Car News China reports. or Mexico, along with a GM license agreement for CATL’s LFP battery tech. Car News China reasons that the deal would likely be similar to the one between Ford and CATL—a deal GM leadership has criticized. .” General Motors is negotiating a U.S.

GM 52
article thumbnail

GM in talks with CATL to license cheaper LFP EV battery tech and joint North American plant

Baua Electric

GM looks to CATL for cheaper LFP battery tech According to a new report from CarNewsChina , GM is in talks with CATL to license its LFP battery tech. Details are scarce, but the plant will likely be in the US or Mexico. billion investment last February to build a new LFP plant (BlueOval Battery Park Michigan).

GM 52
article thumbnail

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

Teslarati

” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits. You can also reach me on Twitter @Christi86567288 , or if you have news tips, you can email us at tips@teslarati.com. battery production.” ” I’d love to hear from you! .” ” I’d love to hear from you!

Ford 98